Steve Croman hit with yet another foreclosure suit by Dalan Real Estate

April 8, 2026 - 18:53

A prominent New York City landlord is once again at the center of a significant foreclosure lawsuit. Steve Croman, a figure previously known for his extensive portfolio of Manhattan residential buildings, has been hit with legal action by Dalan Real Estate.

The suit, filed in New York State Supreme Court, targets a commercial property located at 340 East 58th Street. According to the allegations from Daniel Wrublin's firm, Dalan Real Estate, Croman has failed to make any mortgage payments on the property for the past three months. This alleged default on the loan has prompted the lender to seek foreclosure, aiming to take control of the asset.

This latest case adds to a complex financial history for Croman, who has faced multiple legal and financial challenges over recent years involving his real estate holdings. The outcome of this new foreclosure proceeding could result in the forced sale of the East Side property to satisfy the outstanding debt. The filing underscores ongoing turbulence within certain segments of the city's real estate investment landscape, where shifting market conditions and financial pressures continue to create challenges for property owners.