The Real Deal New York

Feuding Chetrit brothers split into two firms

June 29, 2011 01:08PM

The four brothers that comprise the powerful, and secretive, Chetrit Group have split up into two separate firms, according to Real Estate Alert. The firm, which recently bought Hotel Chelsea and has large stakes in 620 Sixth Avenue and 530 Fifth Avenue, split sometime in the last month. Sources told the publication that the split was not amicable, and the brothers didn’t return calls for comment. Brothers Joseph and Meyer Chetrit will continue business as the Chetrit Group, but have relinquished the firm’s 404 Fifth Avenue headquarters to their brothers Jacob and Juda, who will operate as the Chetrit Organization. Joseph and Meyer will move into offices at 512 Seventh Avenue. As The Real Deal reported last week, the Chetrits settled a lawsuit filed against them by a former employee who claimed the company fired him because he wasn’t an Orthodox Jew. [REAlert]

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