Payback time: AG opens fund for tenants to recoup $8M from Steve Croman

Landlord agreed to settlement in December

New York /
Aug.August 07, 2018 04:30 PM

Steve Croman

Steve Croman’s former tenants can start applying for restitution as part of an $8 million settlement agreement reached last year.

In December, Croman agreed to pay a record $8 million to tenants he harassed. Attorney General Barbara Underwood announced on Tuesday that current and former tenants could start applying for a cut of the restitution, Crain’s reported.

To be eligible, tenants must have lived in a Croman-owned, rent-regulated apartment between July 1, 2011, and Dec. 20, 2017, and have taken a buyout of $20,000 or less.

The attorney general’s office filed a civil complaint against Croman in 2016, accusing the landlord of harassing rent-regulated tenants. He agreed to pay a record sum to settle the claims.

The office also filed a criminal complaint against him alleging that he inflated rent rolls in order to secure larger mortgages for his properties. In October he was sentenced to one year in jail but was released eight months later. As part of the consent decree, a third-party manager will oversee 100 of his properties for five years. [Crain’s] — Kathryn Brenzel


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
The two most expensive contracts signed last week were condos at One Prospect Park West. (Douglas Elliman)

Brooklyn luxury market roars back to life

Brooklyn luxury market roars back to life
Fidelity’s Raymond Quirk (iStock)

Title insurers launch new closing tools as homebuying rises

Title insurers launch new closing tools as homebuying rises
Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building
Quarters CEO Rui Barros (Linkedin)

Quarters, the “WeWork of co-living,” files for bankruptcy

Quarters, the “WeWork of co-living,” files for bankruptcy
Joan Collins and 110 East 57th Street #8EFG (Getty, BHS)

Soap star Joan Collins lists longtime Midtown pied-à-terre

Soap star Joan Collins lists longtime Midtown pied-à-terre
arrow_forward_ios

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

Loading...