Manhattan landlord Steve Croman used intimidation and harassment to force “countless working-class and low-income families out of their longtime homes,” alleges the office of New York State attorney general Eric T. Schneiderman.
Over the course of a 25-year career in real estate, Croman purchased over 140 apartment buildings, many of them inhabited by rent-stabilized tenants whom he referred to as “targets,” and systematically bought them out to raise rent. His buyout scheme was highly effective, with most of his buildings cleared of its old tenants within just a few years.
Croman has been widely known for his slimy behavior for years now. Attorney general Scheiderman has dubbed him the “Bernie Madoff of landlords,” and the Village Voice referred to Croman as “The Repeat Offender” when he ranked 8th in the city’s Worst Landlords list in 2014.
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