Joseph Chetrit | The Real Deal New York

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Joseph Chetrit

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

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, and embarked on a controversial redevelopment led by Joseph Chetrit.

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.


11/16/17
...Joseph Chetrit and 110-118 East 76th Street Developer Joseph Chetrit has listed a trio of Upper East Side townhouses for a combined $134 million. Nos...

11/06/17
...sources have said. Chetrit, a cousin of developer Joseph Chetrit, has been quietly amassing a portfolio of commercial buildings in the Garment District. Correction...

10/20/17
...GFI Capital Resources, which acquired the property from Joseph Chetrit in 2012, was the one to finally get it done, outfitting the red-brick building on...

10/16/17
...David Bistricer, who purchased the Sony Tower with Joseph Chetrit for $1.1 billion in 2013 before selling it three years later to Olayan America. Bistricer said...

10/10/17
...Chetrit, who is a cousin of development mogul Joseph Chetrit, is also redeveloping a former retail building at 1420 Broadway into a new hotel, and...

08/28/17
...Broadway Jonathan Chetrit, son of enigmatic developer Joseph Chetrit, just dished out $4.8 million for a Greenwich Village co-op. Chetrit purchased the third-floor unit...

08/18/17
...loan was previously unreported. Chetrit Group, led by Joseph Chetrit, is best known as a hotel and condo developer. 7) "Fifth Avenue Bridge loan song...

08/12/17
...partner, Anthony Westreich, Hochfelder in 2002 approached well-known developer Joseph Chetrit for a $3 million loan, offering his 975 Park Avenue co-op as collateral and promising to...

06/29/17
...at 447 Broadway in Soho. Chetrit, the cousin of Joseph Chetrit, owns around 25 commercial buildings in the city, which sources previously told The Real Deal...

05/26/17
...From left: Rendering of 515 Ninth Avenue, Meyer and Joseph Chetrit The Chetrit Group plans to convert the Cassa Hotel and Residences at 515 Ninth Avenue...

04/26/17
...hear the name “Chetrit,” they immediately think of Joseph Chetrit , the rotund Moroccan émigré who bought the Sony Building and is co-developing the Bronx...

04/05/17
...From left: Joseph Chetrit, KBT's Lee Byung-cheol and 90-100 Trinity Place (Credit: Google Maps) The Chetrit Group scored...

04/03/17
...heaps more to come. Top of mind is Joseph Chetrit and Keith Rubenstein’s megaproject at 101 Lincoln Avenue, which aims to bring 1,300 new rentals...

03/30/17
...From left: Joseph Chetrit, 101 Lincoln Avenue and Keith Rubenstein (Credit: Hill West Architects via YIMBY and Getty Images...

03/23/17
...Sam Chang and Isaac Chetrit, a cousin of Joseph Chetrit...

03/16/17
...is David Bistricer. In 2013, Bistricer's Clipper Equity and Joseph Chetrit bought the Sony Building at 550 Madison Avenue for $1.1. billion and announced plans to convert...

03/06/17
...while Chetrit, a cousin to real estate mogul Joseph Chetrit, bid $43 million. Chetrit had considered converting the property to high-end residential condominiums. Chetrit is...

02/27/17
...separates the men from the boys.” From left: Joseph Chetrit, a rendering of 9 Dekalb Avenue and Michael Stern Brooklyn’s tallest tower scores $135M...

02/24/17
...From left: Joseph Chetrit, a rendering of 9 Dekalb Avenue and Michael Stern JDS Development and the Chetrit Group...

01/27/17
...Sixth Avenue. Isaac, cousin to real estate mogul Joseph Chetrit, has been increasingly branching off on a separate venture with Abraham through a company...

12/30/16
...From left: Joseph Chetrit, rendering of 150-13 89th Avenue (credit: Goldstein, Hill & West via YIMBY) and Adi...

12/29/16
...to symbolize something else in April. The owners, Joseph Chetrit’s Chetrit Group and David Bistricer’s Clipper Equity, pulled the plug on a...

12/23/16
...Brown Harris Stevens. Chetrit can’t let go Joseph Chetrit wasn't too pleased about losing the coveted 14-building Ring portfolio to Extell Development’s...

12/15/16
...Joseph Chetrit and 57-46 56th Street in Maspeth (Credit: Google Maps via Crain's) The Chetrit Group...

11/21/16
...scion Michael Chetrit, son of the elusive developer Joseph Chetrit. Sam, one of the older Chetrit brothers in attendance that night, also grew up...
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, President
404 Fifth Ave #6, New York, NY, (646) 230-9360
Meyer Chetrit is a member of the Chetrit family of property investors and...
  • Event Sales
  • Address 250 West 43rd Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Price $ 190,000,000
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 Heirs of Tran Dinh Truong
  • Party 2 Joseph Chetrit
notes
The Hotel Carter sold for $190 million. 600-room hotel
  • Event Sales
  • Address 98 Montague Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Price $ 81,000,000
  • 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 New York Post reported.
  • Event Sales
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 700,000
  • Price $ 500,000,000
  • Price per foot $ 714.29
notes
The sale of the office and retail building closed for $500 million.
  • Event Sales
  • Address 5 Beekman Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 128,220
  • Price $ 50,000,000
  • Price per foot $ 389.95
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 Sales
  • Building Name International Toy Center
  • Address 200 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 800,000
  • Price $ 500,000,000
  • Price per foot $ 625.00
notes
The property sold for close to $500 million, and L&L plans to spend $75 million to renovate it into Class A office space. The connected building at 1107 Broadway is expected to hit the market next.
  • Event Office Leasing
  • Address 1384 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 9,000
  • Price per foot $ 42.00
notes
Beyoncé's fashion company signed a 10-year lease for expansion space.
  • Event Sales
  • Address 708 Broadway
  • Neighborhood Noho
  • Borough Manhattan
  • Square feet 140,000
  • Price $ 39,500,000
  • Price per foot $ 282.14
notes
Sold for $39.5 million.
  • Event Sales
  • Building Name 396, 398, 400 Fifth Avenue
  • Address 400 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 150,000,000
  • Publication Date 09/01/2005
  • Event Date 07/23/2005
  • Party 1 Joseph Chetrit
  • Party 2 Yitzhak Tessler
notes
Demolition is nearly completed in preparation for a 50-story condo
  • Event Sales
  • Address 396, 398, 400 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 150,000,000
  • Publication Date 09/01/2005
  • Event Date 07/18/2005
  • Party 1 Joseph Chetrit
  • Party 2 Yitzhak Tessler
  • Event Sales
  • Address Riverton Houses
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 135,000,000
  • Event Sales
  • Address 1450 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 402,000
  • Price $ 124,000,000
  • Price per foot $ 308.46
notes
Could be converted to residential

Joseph Chetrit and 257 West 34th Street
01/04/16
...East 6th Street in the East Village, Joseph Chetrit and 257 West 34th Street in Chelsea 1.) Joseph Chetrit’s Chetrit Group and Shifra Hager...

12/24/15
...square feet. In the Bronx, Somerset Partners and Joseph Chetrit’s Chetrit Group are busy building up the waterfront, where they are ultimately planning...

08/04/15
...in particular is changing quickly, and noted developer Joseph Chetrit now owns five acres along the Harlem River, where he and Somerset Partners plan...

07/21/15
...pack with an estimated sellout of over $2.1 billion. Joseph Chetrit and David Bistricer’s conversion of the former Cabrini Medical Center in Gramercy Park...
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