The Real Deal New York

Chetrits deny split

While the family says they're still operating as a united front, some sources say they've divided the business--perhaps to protect their assets

September 06, 2011 10:25AM
By Candace Taylor

The Chetrits
Brothers Meyer Chetrit, left, and Joseph

From the September issue: Tongues wagged in the real estate industry when news broke that the Chetrit Group — one of the city’s most prominent investment firms — had split in two.
Brothers Joseph and Meyer Chetrit would be relocating from the company’s longtime headquarters at 404 Fifth Avenue into offices at 512 Seventh Avenue, Real Estate Alert reported in June. Meanwhile, their two younger brothers, Jacob and Juda, would continue working out of the Fifth Avenue office, but operate under the name of Chetrit Organization.
Or would they?
The notoriously secretive family broke their silence last month in a rare, albeit brief, phone interview with The Real Deal to deny that a split has occurred. [more]

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