Steve Croman sentenced to one year in jail

9300 Realty head has already paid back $3M of $5M settlement

TRD New York /
Oct.October 03, 2017 10:50 AM

Landlord Steve Croman, for years accused by tenants of ruthless harassment tactics at his lower Manhattan buildings, was sentenced to one year in jail at Rikers Island on Tuesday, after previously admitting to criminal mortgage and tax fraud charges.

At sentencing, Croman was dressed in black skinny jeans and black-and-white sneakers. When asked by Judge Jill Konviser if he would like to say any words in response to his sentence, Croman replied “no thank you.”

“I hope you spend those days thinking about those you harmed,” Konviser said. She also asked him to reflect on the religious principles that helped delay his sentencing, as he was previously scheduled to come before the judge prior to Rosh Hashanah.

Croman first pleaded guilty in June. The plea agreement includes a $5 million tax settlement, $3 million of which Croman has already paid.

New York State Attorney General Eric Schneiderman had charged Croman with exaggerating rental income of rent stabilized apartments in order to obtain $45 million in financing and other charges financial in nature. According to an analysis by The Real Deal, Croman took in at least $63 million from his properties in 2014.

A civil suit against the landlord, however, also brought by the AG, is still pending, and alleged that Croman harassed tenants in order to vacate rent-stabilized apartments, hiring an ex-cop to intimidate residents out of their homes.

Croman owns more than 140 buildings in New York City. He’s one of the few landlords to serve jail time for his misdeeds.

Croman’s lawyer Benjamin Brafman told TRD that under the Department of Corrections’ policy, all inmates receive one-third credit if the sentence is one year or less. “Accordingly, it is anticipated that Mr. Croman will be released after serving 8 months of his one year sentence,” he said.


Related Articles

arrow_forward_ios
Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Steve Croman sued over illegally deregulating apartments
Steve Croman and 326-340 East 100th Street (Credit: Getty Images and Google Maps)

Lawsuit against landlord Steve Croman receives class action status

Lawsuit against landlord Steve Croman receives class action status
Steve Croman to buy West Village literary landmark for $14M: report

Steve Croman to buy West Village literary landmark for $14M: report

Steve Croman to buy West Village literary landmark for $14M: report
Steve Croman and 60 Avenue B (Credit: Google Maps)

Is history repeating itself for Steve Croman and his renters?

Is history repeating itself for Steve Croman and his renters?
Steve Croman and 60 Avenue B (Credit: Google Maps)

Inside Steve Croman’s dealings and legal battles post-prison

Inside Steve Croman’s dealings and legal battles post-prison
Steve Croman and 60 Avenue B (Credit: Google Maps)

Inside Steve Croman’s dealings and legal battles post-prison

Inside Steve Croman’s dealings and legal battles post-prison
297 West 12th Street and Steve Croman (Credit: Google Maps and Getty Images)

Croman backed out of deal over rent-control concerns: lawsuit

Croman backed out of deal over rent-control concerns: lawsuit
Here’s how de Blasio will “take” buildings from bad landlords

Here’s how de Blasio will “take” buildings from bad landlords

Here’s how de Blasio will “take” buildings from bad landlords
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...