Crown Acquisitions

Crown Acquisitions portfolio

$671.6 million* – office 74%, condo 17%; Manhattan 87%, Brooklyn 12%

83th largest portfolio by dollar value

1,104,892 sqft – condo 44%, office 40%;

318th largest by SF

8 properties – Manhattan 62%, Brooklyn 37%

1001th largest

107 residential units – Manhattan 96%, Brooklyn 3%

1383th largest by residential units

1 foreclosure, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 2 for $30.7 million

Seller company: 3 for $67.8 million

Borrower company: 1 for $5 million

Top Ten Associated Companies:

East West Bank (2), Daniel Millner (2), Midland National Life Insurance Company (1), Thorofare Capital (1), 20 East 74th Street cooperative (1), Nancy Glassman (1), Raymond Dayan (1), John Tieri (1), Samuel Brach (1), Niarchos family (1)

Top Ten Associated People:

Jennifer A. Marler (1), Edward Prosser (1), Franz Hefti (1), Nancy Glassman (1), Raymond Dayan (1), John Tieri (1), Janny Cheung (1), Samuel Brach (1), Claus Zellner (1), Edmond M. Safra (1)

Recent activity as company:

Macy’s Inc. sold 422 Fulton Street, Downtown Brooklyn, Brooklyn for $23 million to United American Land, Crown Acquisitions and Jackson Group on December 19, 2024.

Crown Acquisitions sold 453 Broome Street, SoHo, Manhattan for $19.5 million to EMS Capital on September 10, 2024.

Crown Acquisitions sold 144 Fulton Street, Financial District, Manhattan for $38 million to Niarchos family on October 25, 2023.

Crown Acquisitions sold 6505 18th Avenue, Bensonhurst, Brooklyn for $10.3 million to Samuel Brach on September 01, 2023.

Crown Acquisitions borrowed $5 million from East West Bank for 6501 18th Avenue, Bensonhurst, Brooklyn on July 06, 2023.

John Tieri sold 6501 18th Avenue, Bensonhurst, Brooklyn for $7.7 million to Crown Acquisitions on July 06, 2023.

Raymond Dayan sold 5106 5th Avenue, Sunset Park, Brooklyn for $2 million to Crown Acquisitions on December 06, 2022.

Nancy Glassman sold 5102 5th Avenue, Sunset Park, Brooklyn for $4.4 million to Crown Acquisitions on December 06, 2022.

• 20 East 74th Street cooperative sold 20 East 74th Street, Lenox Hill, Manhattan for $0 to Crown Acquisitions on September 27, 2022.

Crown Acquisitions, LTNG and Michael Meyer borrowed $16.8 million from Thorofare Capital for 69-30 Austin Street, 69-30 Austin Street, 69-30 Austin Street, 69-30 Austin Street, 69-30 Austin Street, and others, Forest Hills, Queens on July 13, 2022.

Latest Stories:

• 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)

• Affiliate of billionaire shipping family pays $38M to Crown Acquisitions for FiDi retail (October 26, 2023)

• Samuel Brach pays $10.3M to Crown Acquisitions for Bensonhurst retail flip (September 05, 2023)

• $12.25M pre-foreclosure filed at Crown’s Fordham Heights retail (July 21, 2023)

• Crown Acquisitions pays $7.7M for retail in Bensonhurst (July 07, 2023)

• Chera family’s Crown Acquisitions pays $4.4M for retail, mixed-use in Sunset Park (December 07, 2022)

• Crown Acquisitions as tenant signs 48-year master lease for Lenox Hill retail (September 28, 2022)

• Crown, LTNG, Michael Meyer pay $7.5M to school for retail condos in Forest Hills (December 20, 2021)

• Crown Acquisitions, LTNG in contract to pay $7.55M for Forest Hills retail (September 24, 2021)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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