Isaac Chera
(Ike Chera)
Crown Acquisitions
Crown Acquisitions NYC portfolio
$1.4 billion* – office 75%, condo 14%, D4 6%; Manhattan 96%, Brooklyn 2%, Queens 1%
123th largest portfolio by dollar value
1,148,326 sqft – condo 47%, office 39%, D4 12%;
305th largest by SF
9 properties – Manhattan 38%, Queens 38%, Brooklyn 23%
923th largest
107 residential units – Manhattan 96%, Brooklyn 3%
1431th largest by residential units
2 foreclosures, 0 bankruptcies, 7 other court cases.
Person Activity past 24 months:
Buyer signatory: 2 for $30.7 million
Seller signatory: 2 for $33.7 million
Borrower signatory: 1 for $5 million
Top Ten Associated Companies:
Macy’s Inc. (1), Steven Sasson (1), East West Bank (1), John Tieri (1), Samuel Brach (1), Nancy Glassman (1), Raymond Dayan (1)
Top Ten Associated People:
Charles P. DiGiovanna (1), Steven Sasson (1), Janny Cheung (1), John Tieri (1), Samuel Brach (1), Nancy Glassman (1), Raymond Dayan (1)
Recent activity as signatory:
• Crown Acquisitions sold 38-02 Junction Boulevard, Jackson Heights, Queens for $23.4 million to Steven Sasson on April 25, 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 sold 6505 18th Avenue, Bensonhurst, Brooklyn for $10.3 million to Samuel Brach on August 22, 2023.
• Crown Acquisitions borrowed $5 million from East West Bank for 6501 18th Avenue, Bensonhurst, Brooklyn on June 29, 2023.
• John Tieri sold 6501 18th Avenue, Bensonhurst, Brooklyn for $7.7 million to Crown Acquisitions on June 29, 2023.
• Raymond Dayan sold 5106 5th Avenue, Sunset Park, Brooklyn for $2 million to Crown Acquisitions on November 29, 2022.
• Nancy Glassman sold 5102 5th Avenue, Sunset Park, Brooklyn for $4.4 million to Crown Acquisitions on November 22, 2022.
Latest Stories:
• UAL, Crown, Jackson Group pay $23M to Macy’s for retail in Downtown Brooklyn (December 20, 2024)
• Samuel Brach pays $10.3M to Crown Acquisitions for Bensonhurst retail flip (September 05, 2023)
• Crown Acquisitions pays $7.7M for retail in Bensonhurst (July 07, 2023)