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Chetrit Group

512 Seventh Avenue, 15th Floor
New York, NY 10018
(646) 230-9360
Chetrit
Chetrit Group
The Chetrit Group is a privately-held New York City real estate development firm controlled by four brothers: Joseph, Meyer, Jacob, and Juda Chetrit. Joseph Chetrit is considered the group’s leader. The firm, which focused on investing in New York City’s outer boroughs in the 1980s and 1990s, owns a stake in Chicago’s Willis Tower. Its portfolio now includes many Manhattan office properties. The group is known for its ill-fated 2011 takeover of the Chelsea Hotel at 23rd Street and Eighth Avenue, based on the assumption it could evict its long-term tenants and relaunch it as a luxury hotel. After losing faith in their plan, the Chetrits sold the hotel in 2013. The company has also bought and sold 450 West 33rd Street, the headquarters of tabloid New York Daily News, and International Toy Center at 200 Fifth Avenue and 1107 Broadway. In 2013, The Chetrit Group and frequent collaborator David Bistricer of Clipper Equity acquired the Sony Building at 550 Madison Avenue. As of September 2015, the plan was to convert the office building into high-end condos and a hotel. The company is also collaborating with David Bistricer on the residential conversion of the former Cabrini Medical Center in Gramercy Park. -TA
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West52nd small
03/02/16
Gaia Real Estate launched sales at its 155-unit Hells Kitchen condo conversion of the former St. Vincent’s Midtown Hospital at 416 West 52nd Street. Tags:...
Adam Mermelstein 121-129 East 144th Street thumb
02/24/16
Treetop Development is setting its sights on the South Bronx. The Teaneck, N.J.-based developer is planning a large residential building at 121-129 East 144th Street,...
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02/22/16
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02/18/16
Bronx Borough President Ruben Diaz Jr. on Thursday launched efforts to redevelop the colossal Orchard Beach pavilion in Pelham Bay Park, the latest in a...
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02/18/16
From the February issue: A year ago, the sale of a penthouse at One57 shook up the New York City real estate world when it...
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02/12/16
AB & Sons, led by investors Isaac, Eli and Abraham Chetrit, secured a $125 million refinancing for 546-548 Broadway, best known as the Soho home...
Feature
02/05/16
What would the South Bronx think? Somerset Partners’ Keith Rubenstein, whose “Piano District” project in Mott Haven unleashed a torrent of criticism, has put his...
Concourse-yardFB
02/03/16
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Chetrit 34th street thumb
01/25/16
Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell Realty Management are splitting up a 34th Street retail portfolio the former partners spent more than a...
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01/24/16
As the former Sony Building prepares for a massive condo conversion, the fate of the art in the lobby hangs in the balance. Artist Dorothea...
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01/21/16
Amid a Downtown condominium boom, the Chetrit Group is aiming for a $334 million sellout of its forthcoming conversion of 49 Chambers Street in the...
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01/12/16
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01/11/16
Sony will be moving more than just its corporate headquarters out of 550 Madison Avenue in Midtown. The electronics giant is set to close its...
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Online ticket marketplace StubHub is moving its sole Manhattan service center and office a block south, to Isaac Chetrit and Charles Aini’s 1412 Broadway in...
Joseph Chetrit and 257 West 34th Street
01/04/16
620 East 6th Street in the East Village, Joseph Chetrit and 257 West 34th Street in Chelsea Last week in the $10 million to $20...
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01/04/16
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12/28/15
Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell Realty Management, which have been assembling properties on West 34th Street for over a year, swapped one...
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12/28/15
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12/24/15
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To see all, go to Advanced Search
Chetrit Group, President
404 5th Ave #6, New York, NY, (646) 230-9360
Meyer Chetrit is a member of the Chetrit family of property investors and...
Chetrit Group, Vice President
404 5th Ave #6, New York, NY, (646) 230-9360
Jeff Gdanski is a lawyer and vice president of the Chetrit Group, a...
Chetrit Group, Principal
512 Seventh Avenue, 15th Floor, New York, NY, (646) 230-9360
Joseph Chetrit is a New York City real estate investor and developer. He...
  • Event Office Leasing
  • Address 26 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 7,240
notes
The digital agency signed a 10-year lease.
  • Event Retail leasing
  • Address 806 Columbus Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 2,564
notes
The chain signed a lease.
  • Event Financing
  • Address 250 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Publication Date 03/01/2015
  • Event Date 01/20/2015
  • Party 1 Chetrit Group / Eastdil Secured
  • Party 1 Brokerage Athene Annuity and Life Company / n/a
notes
A $129 million loan was arranged for the hotel. n/a
  • Event Financing
  • Address 428 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Publication Date 03/01/2015
  • Event Date 01/20/2015
  • Party 1 Chetrit Group / n/a
  • Party 1 Brokerage Jeffries LoanCore
notes
A $70.5 million refinancing loan was arranged for the office and retail building. n/a
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 57,000
  • Price $ 600,300
  • Price per foot $ 500.00
  • Publication Date 01/01/2015
  • Event Date 11/22/2014
  • Party 1 Touro College
  • Party 2 Chetrit Group
notes
The Jewish-sponsored private school signed a lease to occupy two floors, and is in advanced talks for an extra 230,000 square feet of space.
  • Event Financing
  • Address 135 West 52nd Street
  • Neighborhood Midtown West
  • Borough Manhattan
notes
A $228.5 million loan was provided for the condo conversion. Formerly the Flatotel, the property will have 109 residential condo units and 55,000 square feet of office condo space. Condo conversion
  • Event Sales
  • Building Name 42-432 West 52nd Street
  • Address 432 West 52nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 41,400,000
  • Publication Date 08/01/2014
  • Event Date 06/22/2014
  • Party 1 Chetrit Group
  • Party 2 Okada Acquisitions, Lee Family, Zhang Family
notes
The property sold for $41.4 million. 55-unit apt. bldg
  • Event Retail Leasing
  • Address 795 Columbus Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 1,500
  • Publication Date 06/01/2014
  • Event Date 04/22/2014
  • Party 1 Chetrit Group
  • Party 2 Yogurtland
  • Party 2 Brokerage Gluck Realty
  • Party 2 Broker Cindy Gluck
notes
The frozen yogurt shop signed a lease.
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 500,000
  • Price $ 390,000,000
  • Price per foot $ 780.00
notes
The property sold for $390 million, or $780 per square foot, the Wall Street Journal reported. Jamestown Properties and Rockwood Capital, which are providing equity for the purchase, will be the controlling equity holders in the property. The selling group originally acquired the building for $210 million in 2004. The building has 21,790 square feet of retail space on Fifth Avenue, currently occupied by LensCrafters, Chase bank and Fossil. The building also has several big-name office tenants, including JPMorgan Chase and MassMutual.
  • Event Financing
  • Address 222 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
notes
An $85 million acquisition and renovation financing was arranged for the Hotel Chelsea. The 36-month, balance-sheet loan features a LIBOR-based rate and a 12-month extension option. 175,900 sf hotel
  • Event Sales
  • Address 222 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 175,900
  • Price $ 80,000,000
notes
The Hotel Chelsea sold for about $80 million.
  • Event Sales
  • Address 1450 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 400,200
  • Price $ 204,000,000
notes
The property sold for $204 million. The selling group had acquired the building for $121 million in 2004.
  • Event Retail Leasing
  • Address 795 Columbus Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 5,700
notes
The home furnishings retailer signed a 10-year lease.
  • Event Sales
  • Address 26 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 34,930,000
  • Publication Date 02/01/2010
  • Event Date 12/23/2009
  • Party 1 Trust of Elmer Ellsworth Smathers
  • Party 2 Chetrit Group
notes
A leasehold interest on a portion of the ground under the former Standard Oil Building sold for $34.93 million. The Chetrit Group had purchased the building and two out of three parcels of land under the property in March 2007 for $225 million; the sale of the lease for the Third parcel closed Dec. 30 after going into contract in March 2007. The holder of the lease was a trust of Elmer Ellsworth Smathers, who signed a 99-year lease with Standard Oil in 1920 that was set to expire in 2019. He died in 1928.
  • Event Office Leasing
  • Address 120 Wall Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 42,000
notes
The nonprofit signed a lease to relocate its offices.
  • Event Office Leasing
  • Address 1384 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 2,771
  • Price per foot $ 50.00
  • Publication Date 06/01/2009
  • Event Date 04/22/2009
  • Party 1 Brokerage Chetrit Group
  • Party 1 Broker Manny Syskrot
  • Party 2 Lineapiu Group USA
  • Party 2 Brokerage Adams & Company
  • Party 2 Broker Brett Maslin
notes
The industrial printing wholesaler signed a five-year lease for showroom space.
  • Event Office Leasing
  • Address 1384 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,000
  • Publication Date 05/01/2009
  • Event Date 03/22/2009
  • Party 1 Chetrit Group
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Manny Syskrot
  • Party 2 Jacmel
  • Party 2 Brokerage Dweck Group
  • Party 2 Broker Jack Dweck, Matthew Dweck
notes
The jewelry manufacturer signed a lease for office space.
  • Event Retail Leasing
  • Address 427 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 4,415
notes
The fashion retailer inked a 10-year lease.
  • Event Office Leasing
  • Building Name Standard Oil Building
  • Address 26 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 136,500
  • Price per foot $ 45.00
notes
The city agency that oversees the development of school facilities in New York signed a 20-year lease for the fourth, fifth and sixth floors.
  • Event Sales
  • Address 5 Beekman Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 128,220
  • Price $ 50,000,000
notes
The landmarked prewar building reportedly went into contract for upwards of $50 million. The buyer plans to convert the property into a hotel.
  • Event Retail Leasing
  • Address 1411 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,000
notes
The coffee chain signed a 10-year lease for another location.
  • Event Retail Leasing
  • Address 1411 Sixth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 3,500
notes
The deli signed a 15-year lease for a Midtown location.
  • Event Sales
  • Address 238 West 71st Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 325,000
  • Price $ 178,000,000
notes
The Chicago-based REIT purchased a total of four apartment buildings for $178 million. The properties are located at 228 West 71st Street, 238 West 71st Street, 41 West 86th Street and 52 West 77th Street.
  • Event Sales
  • Building Name 110-120 East 76th Street
  • Address 110 East 76th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 23,000
  • Price $ 26,100,000
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 1 Lenox Hill Hospital
  • Party 2 Chetrit Group
notes
The properties sold for $26.1 million and carry 19,000 square feet of development rights for residential use or 30,000 square feet for community facility use.
  • Event Sales
  • Address 1760 Third Avenue
  • Neighborhood Carnegie Hill
  • Borough Manhattan
  • Square feet 247,000
  • Price $ 80,000,000
  • Price per foot $ 324.00
notes
The vacant building, originally built as a nursing home, sold for $80 million, or $324 per square foot. The Chetrit Group partnered with an unnamed educational institution to buy the building, which will be converted into a dormitory.
To see all, go to Advanced Search
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