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Crown Acquisitions

767 Fifth Avenue
New York, NY
(212) 563-6400
Website
info@cacq.com
Crown Acquisitions
Crown Acquisitions

Crown Acquisitions is a major owner and developer of retail properties in New York City, focusing on large redevelopment projects where it helps to add value before the company and its partners sell the assets.

Its major projects in the city have included the acquisition and repositioning of the retail condo at 666 Fifth Avenue, the re-tenanting of Herald Center, the acquisition and repositioning of the retail condo at 717 Fifth Avenue and the acquisition and re-tenanting of 600 Broadway in Soho.

In spring 2013, Crown partnered with Vornado Realty, Oxford Properties and Highgate Holdings to buy the 600,000-square-foot Class A office tower at 650 Madison Avenue for $1.3 billion, the most ever paid to that point on a per-square-foot basis for a U.S. office building. Crown also controls 103 Prince Street, site of the downtown Manhattan Apple store.

The firm has its roots in 1940s retail under Isaac Chera, but it really began to expand in the 1980s under Stanley Chera, Isaac's son. Crown is headquartered at the GM Building in Midtown. Today, the firm is led by Stanley's sons Haim, Ike and Richard Chera.

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partphotofeature
05/23/16
...Massey of Cushman & Wakefield, Isaac and Haim Chera of Crown Acquisitions, Sam Chang of McSam Group, and Ralph Herzka of Meridian...

Crown
04/13/16
...Bensonhurst, Isaac Chera and Aaron Appel The Chera family’s Crown Acquisitions pulled off a $97 million refinancing from Goldman Sachs for seven...

St Regis Hotel Steven Roth Stanley Chera thumb
03/30/16
...Beers is quitting its space at Vornado Realty Trust and Crown Acquisitions’ commercial condominium at the base of the St. Regis Hotel...

Macy's Herald Square thumb
01/12/16
Hedge fund Starboard Value is ramping up pressure on Macy’s, suggesting a scheme by which the firm could purportedly create $10 billion in shareholder value...

Isaac Chera Macy's thumb
01/11/16
...Roosevelt Avenue in Flushing (inset: Isaac Chera) Isaac Chera’s Crown Acquisitions made a major play in Flushing, signing a 99-year ground...

fulton feature
01/06/16
...Fulton Street in Brooklyn (inset: Haim Chera) Haim Chera's Crown Acquisitions snapped up two commercial buildings in Downtown Brooklyn for $30 million...

BK-retail-FB
12/30/15
The Brooklyn retail market had a relatively quiet 2015 when it comes to king-sized leases. Compared to 2014 — when Century 21 and Bed Bath & Beyond...

600 Broadway Verrone ft
12/29/15
...s A&H Acquisitions and the Chera family’s Crown Acquisitions are refinancing a six-story Soho retail building with a $120 million...

St. Regis Retail
12/22/15
...Hotel in Midtown and Steven Roth Vornado Realty Trust and Crown Acquisitions closed on $450 million in financing for their retail condominium at...

Chera Tayar 650 Madison thumb
10/09/15
...Keller Williams and broker Richard Tayar are suing Haim Chera's Crown Acquisitions and French-Italian high-fashion outlet Moncler, claiming the agent was cut...

Adriana Lima
10/07/15
Vornado Realty Trust signed Victoria’s Secret to a nearly 64,000-square-foot retail lease at 640 Fifth Avenue in Midtown, which will house the lingerie giant’s flagship...

2007 86th Street and Haim Chera
09/29/15
...From left: Haim Chera of Crown Acquisitions, 2007 86th Street and 19 Stanton Street 1.) Crown Acquisitions sold a 14,000-square-foot...

511 Fifth ft
09/09/15
Retail giant Jeff Sutton teamed with Bobby Cayre’s Aurora Capital to seal a 99-year triple net lease at 511 Fifth Avenue in Midtown. The 17-story,...

720 Lexington ft
08/27/15
Steve Madden’s beef with landlord Bobby Cayre and partners continues after the shoe retailer filed a lawsuit this week claiming its flagship Midtown location, at...

barclay's center green roof feat
08/10/15
...wants to put H&R Block out of business 2. Crown Acquisitions buys Fulton Street retail space for $25 million 3. Warehouse-incorporating resi building...

jim colemanFB
07/09/15
In the niche of the commercial real estate world that focuses on representing tenants and end users, the recent wave of consolidations at large brokerages...

Old Navy building ft
06/17/15
Vornado Realty Trust received a $205 million acquisition loan from Morgan Stanley to help finance its purchase of the Old Navy building in Herald Square....

crate & barrel-
06/08/15
Crate & Barrel is closing its flagship, 62,000-square-foot location at 650 Madison Avenue, about five years before its lease was set to expire. Tags: 650...

RothOldNavyFbox
06/02/15
...a year after a partnership between Starwood Capital Group and Crown Acquisitions bought it for $252 million. (more&hellip...

StanleyandHaimCherafbox
05/27/15
...Fifth Avenue in Midtown (inset: Haim Chera of Crown Acquisitions) The Chera family’s Crown Acquisitions and Oxford Properties Group...

Ariel-Schuster-and-Olivia-Sara-FB
05/21/15
...year with Stanley Chera, son of Haim Chera, both of Crown Acquisitions, which owns stakes in major Fifth and Madison avenue properties...

Steve Roth
05/05/15
Upgrades to existing office inventory is the “defining part” of Vornado Realty Trust’s plans for the Penn Plaza district around Penn Station, chair and CEO...

Stanley Chera
05/04/15
...Other tenants at the property, controlled by the Chera family's Crown Acquisitions, include Planet Fitness, Express and Raymour & Flanigan Furniture. (more...

Macklowe
04/27/15
Harry Macklowe’s Macklowe Properties holds a stake in the retail space directly adjacent to the 432 Park Avenue site on East 57th Street, a permit...

nick-hayeck-thumb
04/15/15
The Swatch Group is looking to open up an upscale shop on Fifth Avenue. Tags: crown acquisitions, Fifth Avenue Retail, st. regis, vornado realty trust...
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Crown Acquisitions, Prinicipal
767 Fifth Avenue, New York City, NY, (212) 563-6400
Richard Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, COO
767 5th Avenue, New York City, NY, (212) 563-6400
Brittany Bragg is the chief operating officer of Crown Acquisitions. she was hired...
Crown Acquisitions, Principal
767 5th Avenue, New York City, NY, (212) 563-6400
Isaac Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, Principal
767 Fifth Avenue, New York City, NY, (212) 563-6400
Haim Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, Founder
767 Fifth Avenue, New York City, NY, (212) 563-6400
Stanley Chera is a New York real estate developer and founder of Crown...
  • Event Financing
  • Address 15-01 86th Street
  • Neighborhood Bensonhurst
  • Borough Queens
  • Price $ 97,000,000
  • Publication Date 05/01/2016
  • Event Date 03/17/2016
  • Party 1 Crown Acquisitions
  • Party 2 Goldman Sachs
notes
The company secured a $97 million loan and includes 6628 18th Avenue, 38-02 Junction Boulevard and 329 Wyckoff Avenue.
  • Event Sales
  • Address 522|526 Fulton Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 142,480
  • Price $ 30,000,000
  • Price per foot $ 210.56
  • Publication Date 02/01/2016
  • Event Date 12/23/2015
  • Party 1 BLDG Management
  • Party 2 Crown Acquisitions
notes
The two commercial buildings sold for $30 million.
  • Event Sales
  • Address 136-62 Roosevelt Avenue
  • Neighborhood Flushing
  • Borough Queens
  • Square feet 250,000
  • Price $ 108,400,000
  • Price per foot $ 433.60
notes
The 99-year ground lease was valued at $108.4 million.
  • Event Financing
  • Address 600 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 65,000
  • Price $ 120,000,000
notes
A $120 million loan will replace an existing $72.6 million mortgage on the building.
  • Event Retail Leasing
  • Address 491 Fulton Street
  • Borough Brooklyn
  • Square feet 1,300
  • Publication Date 01/01/2016
  • Event Date 11/17/2015
  • Party 1 Crown Acquisitions
  • Party 1 Brokerage Crown Acquisitions
  • Party 1 Broker Isaac Mograby, Morris Dabbagh
  • Party 2 Perfumania
notes
The perfume retailer signed a lease for the entire building.
  • Event Sales
  • Address 150 West 34th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 78,000
  • Price $ 355,000,000
  • Price per foot $ 4,551.28
notes
The Old Navy building sold for $355 million. Additional information: 3 stories, 78,000 sf
  • Event Retail leasing
  • Address 458 Fulton Street
  • Neighborhood Fulton/Seaport
  • Borough Brooklyn
  • Square feet 3,500
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Crown Acquisitions
  • Party 1 Brokerage Crown Acquisitions
  • Party 1 Broker Isaac Mograby
  • Party 2 Journeys
  • Party 2 Brokerage True Realty
  • Party 2 Broker Adam Zeiberg
notes
The footwear chain signed a new 10-year lease for 3,500 SF on grade.
  • Event Retail leasing
  • Address 490 Fulton Street
  • Neighborhood Fulton/Seaport
  • Borough Brooklyn
  • Square feet 40,000
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Crown Acquisitions
  • Party 2 Forever 21
notes
The fashion chain signed a lease.
  • Event Retail Leasing
  • Address 1515 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 2,113
notes
The watch company signed a lease.
  • Event Retail Leasing
  • Address 452 Fulton Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 4,500
  • Publication Date 03/01/2015
  • Event Date 01/15/2015
  • Party 1 Crown Acquisitions, Inc.
  • Party 1 Brokerage Crown Retail Services
  • Party 1 Broker Christopher DeCrosta and Isaac Mograby
  • Party 2 Adidas
  • Party 2 Brokerage RKF
  • Party 2 Broker Jeremy Ezra
notes
The clothing company signed a 10-year lease to occupy the ground floor.
  • Event Sales
  • Address 170 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 150
notes
[EMPTY]
  • Event Retail Leasing
  • Address 57 Mercer Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 35,000
notes
The tenant signed a 49-year lease.
  • Event Retail Leasing
  • Address 1584 Flatbush Avenue
  • Neighborhood Flatbush
  • Borough Brooklyn
  • Square feet 810
  • Publication Date 10/01/2014
  • Event Date 08/17/2014
  • Party 1 Brokerage Augenbaum Realty Corp.
  • Party 1 Broker Josh Augenbaum
  • Party 2 Vitamin Shoppe
  • Party 2 Broker Crown Acquisitions
notes
The nutritional products retailer signed a lease.
  • Event Sales
  • Address Brooklyn and Staten Island portfolio
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 15
  • Publication Date 06/01/2014
  • Event Date 04/17/2014
  • Party 2 Crown Acquisitions
notes
[EMPTY]
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,803
notes
The investment adviser signed a five-year lease for the entire 25th floor.
  • Event Retail Leasing
  • Address 370 Canal Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 15,700
notes
The fitness chain signed a lease for a new location.
  • Event Retail Leasing
  • Address 25 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 28,576
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 1 Wolfson Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Bruce Surry, Richard Levine, Gary Kamenetsky
  • Party 2 Planet Fitness
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Jordan Barker, Ralph Chera
notes
The fitness chain signed a lease. The space includes 832 square feet on the ground floor, 14,038 square feet in the basement and 13,706 square feet in the sub-basement.
  • Event Retail Leasing
  • Address 423 West 55th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 29,400
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 1 Winter Organization
  • Party 1 Brokerage In-house
  • Party 2 Planet Fitness
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Jordan Barker, Ralph Chera
notes
The fitness chain signed a lease for 24,500 square feet on the ground floor and 5,000 square feet on the mezzanine level. The space was previously occupied by Vebo Fitness.
  • Event Sales
  • Address 490 Fulton Street
  • Neighborhood Battery Park City
  • Borough Brooklyn
  • Price $ 63
  • Publication Date 06/01/2013
  • Event Date 04/17/2013
  • Party 1 Crown Acquisitions
  • Party 2 Harrison Street Real Estate
notes
[EMPTY]
  • Event Retail Leasing
  • Address 3791 Broadway
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 21,000
notes
The fitness chain signed a 15-year lease for space on the ground and second floors.
  • Event Sales
  • Address 2 East 55th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 24,800
  • Price $ 380,000,000
  • Price per foot $ 15,322.58
  • Publication Date 12/01/2012
  • Event Date 10/22/2012
  • Party 1 Crown Acquisitions, Goldman Properties, Feil Organization
  • Party 2 Richemont North America
notes
The retail condo inside the St. Regis New York hotel sold for $380 million, or $15,100 per square foot, Real Estate Alert reported. Richemont owns luxury brands Cartier, Van Cleef & Arpels, Piaget and Montblanc, among others.
  • Event Retail Leasing
  • Address 1126 Third Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,700
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Jason Maurer
  • Party 2 L'Occitane
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Chris DeCrosta
notes
The health and beauty products retailer signed a lease.
  • Event Retail Leasing
  • Address 2159 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 1,400
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Steven Soutendjik
  • Party 2 L'Occitane
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Chris DeCrosta
notes
The health and beauty products retailer signed a lease.
  • Event Retail Leasing
  • Address 490 Fulton Street
  • Neighborhood Battery Park City
  • Borough Brooklyn
  • Square feet 2,500
  • Publication Date 11/01/2012
  • Event Date 09/17/2012
  • Party 1 Crown Acquisitions, Perella Weinberg Partners Fund
  • Party 1 Brokerage Represented in-house
  • Party 2 Swarovski
  • Party 2 Broker Robert Cohen
notes
The crystal retailer signed a lease for its first Brooklyn location, the New York Post reported.
  • Event Retail Leasing
  • Address 789 Madison Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 7,500
  • Publication Date 09/01/2012
  • Event Date 07/23/2012
  • Party 1 Friedland Properties
  • Party 1 Brokerage Friedland Properties
  • Party 1 Broker Aaron Prince
  • Party 2 Kate Spade
  • Party 2 Brokerage Crown Acquisitions
  • Party 2 Broker Virginia Pittarelli
notes
The fashion designer signed a 10-year lease.
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