Joseph Chetrit

Principal
Chetrit Group
512 Seventh Avenue, 15th Floor
New York, NY 10018
(646) 230-9360

Joseph Chetrit is a New York City real estate investor and developer. He is one of the founders, along with his three brothers, of the privately held Chetrit Group.

The group's portfolio began in the early 1990s with outer-borough residential purchases. The Chetrit Group is perhaps best known for a pre-recession buying spree that included the Standard Oil Building at 26 Broadway, the old Toy Center at 200 Fifth Avenue and the office buildings 989 Sixth Avenue and 1107 Broadway.

The Chetrit Group also bought control of the famed Chelsea Hotel on West 23rd Street in 2011, and embarked on a controversial redevelopment led by Joseph Chetrit based on evicting its long-term tenants to relaunch it as a luxury hotel. But after losing faith in their plan, the Chetrits sold the hotel in 2013.

Chetrit was born in the early 1960s in Morocco, and came to the U.S. to further the family's textile business. He quickly ran into legal trouble, pleading guilty to a felony count of violating customs laws in 1990.

Chetrit moved into real estate thereafter and since 2013 has been one of Manhattan's most active developers.

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404 5th Ave #6, New York, NY, (646) 230-9360
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