Crown Acquisitions
667 Madison Ave, New York, NY 10065
73 Spring Street, Floor 5, New York, NY 10012
People:
Crown Acquisitions NYC portfolio
$1.4 billion -office 78%, condo 9%, D4 6%; Manhattan 97%, Brooklyn 1%, Staten Island 1%*
170th largest portfolio by dollar value
986,123 sqft – office 45%, retail 32%, D4 14%; Manhattan 65%, Staten Island 32%, Brooklyn 1%
493th largest by SF
9 properties – Manhattan 41%, Queens 33%, Brooklyn 16%
1113th largest
107 residential units – Manhattan 96%, Brooklyn 3%
1751th largest by residential units
2 foreclosures, 0 bankruptcies, 7 other court cases.
Company Activity past 24 months:
Buyer company: 2 for $39 million
Seller company: 4 for $70.4 million
Borrower company: 1 for $9.7 million
Top Ten Associated Companies:
East West Bank (2), Steven Sasson (1), BankUnited (1), Platinum Realty Associates (1), Richard Chera (1), Thorofare Capital (1), Niarchos family (1), EMS Capital (1), Samuel Brach (1), Kourosh Nasab (1)
Top Ten Associated People:
Steven Sasson (1), Carly Berfas (1), Richard Chera (1), Edward Prosser (1), Janny Cheung (1), Claus Zellner (1), Edmond M. Safra (1), Samuel Brach (1), David Yeroshalmi (1), Anastasios Vasilakos (1)
Recent activity as company:
• Crown Acquisitions sold 133-15 Jamaica Avenue for $19 million to Platinum Realty Associates and Richard Chera on October 01, 2025.
• Crown Acquisitions borrowed $9.7 million from BankUnited for 5102 5 Avenue on July 24, 2025.
• Macy’s Inc. sold 98 Richmond Hill Road for $16 million to Crown Acquisitions on July 02, 2025.
• Crown Acquisitions sold 37-80 Junction Boulevard for $23.4 million to Steven Sasson on April 25, 2025.
• BLDG Management and Crown Acquisitions sold 6 7 Avenue for $8.5 million to Michael Pintchik on January 30, 2025.
• Macy’s Inc. sold 422 Fulton Street, Downtown Brooklyn, Brooklyn for $23 million to United American Land, Crown Acquisitions and Jackson Group on December 04, 2024.
• Crown Acquisitions ground leased 455 Broome Street valued at $19.5 million to EMS Capital on August 29, 2024.
• Crown Acquisitions sold 144 Fulton Street for $38 million to Niarchos family on October 20, 2023.
• Crown Acquisitions sold 6505 18 Avenue for $10.3 million to Samuel Brach on August 22, 2023.
• Crown Acquisitions borrowed $5 million from East West Bank for 6505 18 Avenue on June 29, 2023.
Latest Stories:
• Crown Acquisitions buys former Macy’s retail location on Staten Island for $16M (July 16, 2025)
• $70M pre-foreclosure filed at FiDi retail owned by Crown, Morgan Stanley fund (May 12, 2025)
• UAL, Crown, Jackson Group pay $23M to Macy’s for retail in Downtown Brooklyn (December 20, 2024)
• EMS Capital pays $19.5M to Crown Acquisitions for retail leasehold in SoHo (September 10, 2024)
• Samuel Brach pays $10.3M to Crown Acquisitions for Bensonhurst retail flip (September 05, 2023)
Court Records:
Properties: