Steve Croman, in rare sale, cashes in on hot multifamily market – Robert Khodadadian

Even multifamily’s biggest holdout can’t resist a hot market. Steve Croman, a Manhattan landlord known for harassing tenants but also for rarely selling, parted with seven East Village walk-ups and one on the Lower East Side for about $61 million. The buildings have 61 apartments, all free market. At just over $1 million per unit, the sale price was nearly double the Manhattan average as of March, according to Ariel Property Advisors’ most recent quarterly

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, east village, lower east side, Multifamily Market, Steve Croman The Real Deal New York Read More