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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888 Seventh Avenue, New York City, NY, (212) 765-0950
667 Madison Avenue, New York City, NY, (212) 563-6400
667 Madison Avenue, New York City, NY, (212) 563-6400
667 Madison Avenue, New York City, NY, (212) 563-6400
667 Madison Avenue, New York City, NY, (212) 563-6400
- Event Financing
- Address 1466 Broadway
- Neighborhood Times Square
- Borough Manhattan
- Price $ 115,000,000
- Publication Date 12/13/2019
- Event Date 12/10/2019
- Party 1 Invesco Real Estate, Crown Acquisitions
- Party 2 Fifth Third Bank
- Event Retail Leasing
- Address 29-22 Northern Boulevard
- Neighborhood Long Island City
- Borough Queens
- Square feet 18,271
- Publication Date 08/09/2019
- Event Date 07/01/2019
- Party 1 Simon Baron Development
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Steven Baker, Thomas Galo
- Party 2 Planet Fitness
- Party 2 Brokerage Crown Acquisitions
- Party 2 Broker Richard Chera
- Event Retail Leasing
- Address 29-22 Northern Boulevard
- Neighborhood Long Island City
- Borough Queens
- Square feet 18,271
- Publication Date 08/09/2019
- Event Date 07/01/2019
- Party 1 Simon Baron Development
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Steven Baker, Thomas Galo
- Party 2 Planet Fitness
- Party 2 Brokerage Crown Acquisitions
- Party 2 Broker Richard Chera
- Event Retail Leasing
- Address 29-22 Northern Boulevard
- Neighborhood Long Island City
- Borough Queens
- Square feet 18,271
- Publication Date 08/09/2019
- Event Date 07/01/2019
- Party 1 Simon Baron Development
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Steven Baker, Thomas Galo
- Party 2 Planet Fitness
- Party 2 Brokerage Crown Acquisitions
- Party 2 Broker Richard Chera
- Event Office Leasing
- Address 522 Fulton Street
- Neighborhood Brooklyn Heights
- Borough Brooklyn
- Square feet 40,000
- Price per foot $ 50.00
- Publication Date 07/23/2018
- Event Date 07/16/2018
- Party 1 Crown Acquisitions
- Party 1 Brokerage Crown Retail Services
- Party 1 Broker Isaac Mograby, Morris Dabbah
- Party 2 Science, Language, and Arts International School
- Party 2 Brokerage Vicus Partners
- Party 2 Broker Matt Hopkins, Jane Brody
- 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
- Event Financing
- Address 641 Fifth Avenue
- Neighborhood Midtown
- Borough Manhattan
- Price $ 760,000,000
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 Crown Acquisitions
- Party 2 Goldman Sachs, Deutsche Bank , Morgan Stanley
- 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
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 JPMorgan Chase Bank
- Party 1 Brokerage ABS Partners Real Estate
- Party 1 Broker Alan S. Cohen
- Party 2 Crown Acquisitions
- Party 2 Brokerage Crown Acquisitions
- Event Financing
- Address 661 Eighth Avenue
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 17,667
- Price $ 60,000,000
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 Wharton Properties, Crown Acquisitions, Midtown Equities
- Party 1 Brokerage Meridian Capital Group
- Party 1 Broker Carol Shelby
- Party 2 Bank of China
- Event Retail Leasing
- Address 720 Lexington Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 7,000
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 A&H Acquisitions, Crown Acquisitions, Aurora Capital Associates
- Party 2 Aerie
- Event Retail Leasing
- Address 253 Livingston Street
- Neighborhood Brooklyn Heights
- Borough Brooklyn
- Square feet 4,400
- Publication Date 02/01/2017
- Event Date 12/18/2016
- Party 1 Crown Acquisitions
- Party 1 Brokerage Crown Acquisitions
- Party 1 Broker Isaac Mograby
- Party 2 US Army Corps of Engineers
- Party 2 Brokerage Bantam Realty Services
- Party 2 Broker Daniel Rodriguez Sains
- 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
- Event Financing
- Address 600 Broadway
- Neighborhood Soho
- Borough Manhattan
- Square feet 65,000
- Price $ 120,000,000
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Aurora Capital Associates, A&H Acquisitions, Crown Acquisitions
- Party 2 Iron Hound Management, the Bank of New York Mellon
- Event Sales
- Address 136-62 Roosevelt Avenue
- Neighborhood Flushing
- Borough Queens
- Square feet 250,000
- Price $ 108,400,000
- Price per foot $ 433.60
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Benider Company
- Party 2 Crown Acquisitions
- Party 2 Brokerage Colliers International
- Party 2 Broker Robert Freedman, Steve Chasanoff
- 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
- Event Retail Leasing
- Address 491 Fulton Street
- Neighborhood Brooklyn Heights
- 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
- 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
- Publication Date 07/01/2015
- Event Date 05/22/2015
- Party 1 Starwood Capital Group and Crown Acquisitions
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Adam Spies, Doug Harmon
- Party 2 Vornado Realty Trust
- Party 2 Brokerage Eastdil Secured
- 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
- 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
- Event Retail Leasing
- Address 1515 Broadway
- Neighborhood Times Square
- Borough Manhattan
- Square feet 2,113
- Publication Date 04/15/2015
- Event Date 03/06/2015
- Party 1 SL Green Realty
- Party 1 Brokerage Newmark Grubb Knight Frank
- Party 1 Broker Jeffrey Roseman, Marc Leber
- Party 2 Swatch
- Party 2 Brokerage Crown Acquisitions
- 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
- 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
- Event Sales
- Address 170 Broadway
- Neighborhood Financial District
- Borough Manhattan
- Price $ 150,000,000
- Publication Date 02/01/2015
- Event Date 12/18/2014
- Party 1 Carlyle Group, Crown Acquisitions, Highgate
- Party 2 Premier Group
- Event Retail Leasing
- Address 57 Mercer Street
- Neighborhood SoHo
- Borough Manhattan
- Square feet 35,000
- Publication Date 12/01/2014
- Event Date 10/17/2014
- Party 1 International Olive Co.
- Party 1 Brokerage Sinvin Real Estate
- Party 1 Broker Michael Glanzberg
- Party 2 Crown Acquisitions, Inc.
- Party 2 Brokerage Sinvin Real Estate
- Party 2 Broker Michael Glanzberg
- 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
- Event Sales
- Address Brooklyn and Staten Island portfolio
- Neighborhood Midtown
- Borough Brooklyn
- Price $ 15,000,000
- Publication Date 06/01/2014
- Event Date 04/17/2014
- Party 2 Crown Acquisitions
ICS JUNCTION II OWNER LLC
CA 522 FULTON LLC
1501 86TH STREET OWNER LLC
329 WYCKOFF AVENUE OWNER LLC
NEXT GENERATION FULTON LLC
STILLWELL 86TH STREET OWNER LLC
114 BEVERLEY ROAD OWNER LLC
SYRACUSE FUND II LLC
6620 18TH AVENUE OWNER LLC
CA 522 FULTON LLC
262 EAST FORDHAM REALTY LLC
120 PRINCE STREET OWN
103 PRINCE PROPERTY L
OT ECONOMIC JOINT VENTURE (DE) LP
720 LEX ACQUISITION L
714 LEX ACQUISITION L
OT ECONOMIC JOINT VENTURE (DE) LP
Victory Development, Arlen Realty & Development Corporation, OLYMPIC TOWERS CONDO
OT ECONOMIC JOINT VENTURE (DE) LP