Crown Acquisitions | TRD Research
X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Crown Acquisitions

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

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.

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, 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, Founder
767 Fifth Avenue, New York City, NY, (212) 563-6400
Stanley Chera is a New York real estate developer and founder of Crown...
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...
  • Event Office Leasing
  • Address 522 Fulton Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 40,000
  • Price per foot $ 50.00
notes
The institute inked a lease for the Brooklyn Heights space at $50 per square foot.
  • Event Financing
  • Address 601 West 181st Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 25,260
  • Price $ 8,100,000
  • Publication Date 06/01/2017
  • Event Date 04/17/2017
  • Party 1 Crown Acquisitions
  • Party 2 East West Bank
notes
The borrower secured a mortgage of $8.1 million from East West Bank.
  • Event Financing
  • Address 641 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 760,000,000
notes
The borrower secured a $760 million refinance for the commercial portion of the Olympic Tower and 3 additional properties.
  • Event Sales
  • Address 601 West 181st Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 25,260
  • Price $ 12,225,000
  • Price per foot $ 483.96
notes
The 14 mix-used unit building was sold for $12.5 million.
  • Event Financing
  • Address 661 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 17,667
  • Price $ 60,000,000
notes
The retail portion of the property refinanced its debt with $60 million.
  • Event Retail Leasing
  • Address 720 Lexington Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 7,000
notes
The teen lingerie retailer signed a lease.
  • Event Retail Leasing
  • Address 253 Livingston Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 4,400
notes
The US agency signed a lease.
  • Event Financing
  • Address 15-01 86th Street
  • Neighborhood Bensonhurst
  • Borough Queens
  • Price $ 97,000,000
notes
The company secured a $97 million loan and includes 6628 18th Avenue, 38-02 Junction Boulevard and 329 Wyckoff Avenue.
  • 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 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 Sales
  • Address 522|526 Fulton Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 142,480
  • Price $ 30,000,000
  • Price per foot $ 210.56
notes
The two commercial buildings sold for $30 million.
  • Event Retail Leasing
  • Address 491 Fulton Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 1,300
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
  • Event Retail leasing
  • Address 490 Fulton Street
  • Neighborhood 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
  • Event Retail leasing
  • Address 458 Fulton Street
  • Neighborhood Seaport
  • Borough Brooklyn
  • Square feet 3,500
  • Event Retail Leasing
  • Address 1515 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 2,113
  • Event Retail Leasing
  • Address 452 Fulton Street
  • Neighborhood Downtown Brooklyn
  • Borough Brooklyn
  • Square feet 4,500
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 $ 150,000,000
  • 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
  • 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 $ 15,000,000
  • 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
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.
To see all, go to Advanced Search
Queens, 11368
ICS JUNCTION II OWNER LLC
38-02 Junction Boulevard is a 21,856 square foot property built in 1932 in...
Brooklyn, 11201
CA 522 FULTON LLC
526 Fulton Street is a 44,355 square foot property built in 1930 in...
Brooklyn, 11228
1501 86TH STREET OWNER LLC
1501 86th Street is a 11,989 square foot property built in 2011 in...
Queens, 11385
329 WYCKOFF AVENUE OWNER LLC
329 Wyckoff Avenue is a 29,000 square foot property built in 1931 in...
Brooklyn, 11201
NEXT GENERATION FULTON LLC
1 Hoyt Street is a 70,734 square foot property built in 1925 in...
Brooklyn, 11214
STILLWELL 86TH STREET OWNER LLC
2018 Stillwell Avenue is a 10,652 square foot property built in 2013 in...
Brooklyn, 11218
114 BEVERLEY ROAD OWNER LLC
112 Beverley Road is a 10,352 square foot property built in 1930 in...
Queens, 11418
SYRACUSE FUND II LLC
132-40 Metropolitan Avenue is a 40,595 square foot property built in 1961 in...
Brooklyn, 11204
6620 18TH AVENUE OWNER LLC
6620 18th Avenue is a 20,753 square foot property built in 1931 in...
Brooklyn, 11201
CA 522 FULTON LLC
522 Fulton Street is a 11,360 square foot property built in 1915 in...
Bronx, 10458
262 EAST FORDHAM REALTY LLC
262 East Fordham Road is a 20,757 square foot property built in 1930...
Manhattan, 10036
42ND & 8TH OWNER LLC
...
Brooklyn, 11201
FULTON 2000 PARTNERSL
...
Brooklyn, 11201
FULTON 2000 PARTNERS,
...
Manhattan, 10022
714 LEX ACQUISITION L
...
Manhattan, 10012
120 PRINCE STREET OWN
120 Prince Street is a two story, 3,460 square foot, two unit building...
Manhattan, 10022
OT ECONOMIC JOINT VENTURE (DE) LP
10 East 52nd Street is a midtown Manhattan retail and office building completed...
Manhattan, 10012
103 PRINCE PROPERTY L
103 Prince Street is a three story, 28,434 square foot mixed office and...
Manhattan, 10022
720 LEX ACQUISITION L
This four-story building finished in 1910 is part of a parcel that includes...
Manhattan, 10022
714 LEX ACQUISITION L
This four-story 5,650 square foot building was built in 1950 between East 57th...
Manhattan, 10022
OT ECONOMIC JOINT VENTURE (DE) LP
647 Fifth Avenue, a 6-story, 22,570 square foot floor plate, was built in...
Manhattan, 10022
Victory Development, Arlen Realty & Development Corporation, OLYMPIC TOWERS CONDO
641-645 Fifth Avenue is a four-building Fifth Avenue portfolio that includes the Olympic...
Manhattan, 10022
OT ECONOMIC JOINT VENTURE (DE) LP
The six-story, 41,398-square-foot commercial property at 651 Fifth Avenue in Manhattan is commonly...

12/27/2016
The company signed a lease a little more than a block north at Crown Acquisitions’ Olympic Tower at 645 Fifth Avenue, at the corner of 51st Street...

07/01/2016
The design also called for a “vertical retail podium” to rise above the building’s two floors of existing retail. Given how lucrative Fifth Avenue retail can be, it’s not surprising that the owners would want to add more retail space to the property. A recent nearby deal with Coach (see below) was inked at about $4,000 per square foot on the ground level. And Kushner â€' who famously paid a record $1.8 billion for the building in 2006 â€'  sold the retail portion of the building (along with his partners the Carlyle Group and Crown Acquisitions) to Zara and Vornado in two separate deals for a combined $1 billion...

02/01/2016
Vornado was also sacked with the third highest assessment jump. Along with its partner Crown Acquisitions, it saw 647 Fifth Avenue jump 56 percent in value to $69 million...

12/30/2015
Brooklyn's largest retail leases in 2015 (click to expand) The Brooklyn retail market had a relatively quiet 2015 when it comes to king-sized leases. Compared to 2014 -- Brooklyn's largest retail leases in 2015 (click to expand) The Brooklyn retail market had a relatively quiet 2015 when it comes to king-sized leases. Compared to 2014 --...

12/01/2015
Regis Hotel’s retail condominium, owned by Vornado Realty Trust and Crown Acquisitions...

10/01/2015
Zara parent Inditex also recently bought a roughly 47,000-square-foot retail condo at 503-511 Broadway for $280 million. That comes off the heels of its blockbuster 2011 deal to buy for a $324 million retail condo at 666 Fifth Avenue from Stanley Chera’s Crown Acquisitions, the Carlyle Group and Kushner Companies...

12/01/2014
From left: Stanley Chera, Jeff Sutton and Steven Roth With Upper Fifth Avenue snatching back from Hong Kong’s Causeway Bay the title as the world’s From left: Stanley Chera, Jeff Sutton and Steven Roth With Upper Fifth Avenue snatching back from Hong Kong’s Causeway Bay the title as the world’s...

01/01/2014
Crown, the brokerage arm of the Chera family’s Crown Acquisitions, did 12 deals in the borough south of 125th Street, totaling more than 123,000 square feet and ranking ninth on TRD’s list...

01/01/2014
The growing value of New York retail can be seen in the Carlyle Group’s high-profile sale in June of 650 Madison Avenue to Crown Acquisitions and Highgate Holdings for $1.3 billion, or a record per-square-foot price of $2,166, according to CBRE...

01/01/2013
Darcy Stacom and William Shanahan, vice chairmen at the CBRE Group, handled the largest brokered deal, representing sellers of the 666 Fifth Avenue retail condo â€' Carlyle Group, Kushner Companies and Crown Acquisitions...

12/01/2012
Click to enlarge Typically, investment sales deals are ranked by the sale price, but that emphasis hides the figure that real estate players truly care Click to enlarge Typically, investment sales deals are ranked by the sale price, but that emphasis hides the figure that real estate players truly care...

12/01/2011
Click to enlarge Upper Fifth Avenue (the portion between 49th and 59th streets) is the most expensive retail stretch in the world. However, it's not Click to enlarge Upper Fifth Avenue (the portion between 49th and 59th streets) is the most expensive retail stretch in the world. However, it's not...

10/01/2010
The borough registered 1,077 sales as of July. The top transaction â€' the $46 million purchase of a retail building at 496 Fulton Street in Downtown Brooklyn by Crown Acquisitions as part of the revamping of the Fulton Street Mall â€' helped boost Brooklyn’s average building sales price to $997,262, a 13 percent increase over 2009...

10/01/2010
Crown Acquisitions has ownership interests in dozens of properties in the U.S...