New York City’s “Bernie Madoff of landlords” has defaulted on nearly $170 million in loans — and is facing foreclosure on a whopping 35 or so Manhattan properties, new court records show.
Steven Croman, a longtime notorious landlord and convicted fraudster — who did a stint on Rikers Island more than a decade ago — is facing another reckoning, but this time in civil court.
A bevy of lawsuits filed recently filed against Croman in Manhattan Supreme Court claim he is in default on $168 million worth of real estate loans.
Flagstar Bank — which took over Croman’s loans from New York Community Bank after a 2022 merger — alleges that the real estate tycoon for months has failed to make payments at many of his properties, and owes millions on some of the buildings.
Croman held a massive

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