The Croman name is playing in the Manhattan multifamily sandbox again, but this time the next generation is betting on the winning strategy. Jake and Adam Croman have quietly assembled a portfolio of small apartment buildings across Manhattan, leaning into rent-stabilized assets that much of the market has shunned since the 2019 Housing Stability and Tenant Protection Act upended the economics of value-add investing.  Their latest purchase, a five-story building at 118 Mulberry Street in Chinatown, is roughly half rent-stabilized, an eyebrow-raising acquisition at a time when many investors continue to avoid regulated housing. It’s a generational shift for a […]

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