Croman-managed entity pays $2.5M for property in East Village

The Steven Croman-managed entity 231-33 East 4th LLC paid Mun Y. Chang $2.5 million for 231 East 4th Street in East Village. The deal closed on June 16, 2020, and was recorded on July 1, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 22 residential units. The property is 15,460 square feet. The parcel(s) have total development potential of 15,460 square feet.
The sale price per unit is $113,636.

The contract date was March 31, 2020. The signatory for the buyer was Steven Croman, owner of the large firm Croman Real Estate, who was identified as “manager” on the filing but the LLC is not located at his office, but another address.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $810,000. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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