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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.

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 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
  • 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 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
  • 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

03/29/2018
From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn neighborhoods like Dumbo From left: 325 Kent Avenue, Jed Walentas, Joseph Chetrit and 9 DeKalb Avenue (Credit: COOKFOX, Michael McWeeney and SHoP Architects) Trendy Brooklyn neighborhoods like Dumbo...

12/28/2017
In one important way, condominiums had a banner year in 2017. Though closings were about par for the course and contract volume was nothing toIn one important way, condominiums had a banner year in 2017. Though closings were about par for the course and contract volume was nothing to...

12/29/2016
The owners, Joseph Chetrit’s Chetrit Group and David Bistricer’s Clipper Equity, pulled the plug on a 96-unit, Robert A.M...

01/04/2016
620 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’s Cornell 620 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’s Cornell...

12/24/2015
Half of the 10 largest permit applications â€' by square footage â€' for new developments in the city were for projects in the outer boroughs. Emerging major real estate playgrounds, like Long Island City and the Bronx, topped the list, falling not too far behind the biggest development proposed this year: SL Green Realty's One Vanderbilt in Midtown East. Property Markets Group and the Hakim Organization's 40 Riverside Boulevard in Long Island City is slated to be the tallest tower in the city outside of Manhattan. The project will span more than 800,000 square feet. In the Bronx, Somerset Partners and Joseph Chetrit’s Chetrit Group are busy building up the waterfront, where they are ultimately planning 1.2 million square feet of development...

09/01/2015
Developer Mark Stagg at the under-construction 6155 Broadway, Long a symbol of urban decay, the South Bronx is booming with new construction these days as Developer Mark Stagg at the under-construction 6155 Broadway, Long a symbol of urban decay, the South Bronx is booming with new construction these days as...

09/01/2015
Meanwhile, Michael Stern’s JDS and developer Joseph Chetrit are reportedly mulling a 1,000- to 1,200-foot residential tower in Downtown Brooklyn...

08/04/2015
The South Bronx market in particular is changing quickly, and noted developer Joseph Chetrit now owns five acres along the Harlem River, where he and Somerset Partners plan to embark on a market-rate residential project that could include six towers and span as much as 1.2 million square feet...

07/21/2015
Joseph Chetrit and David Bistricer’s conversion of the former Cabrini Medical Center in Gramercy Park was the third-largest filing this past year at 223 units, with plans for a $813 million sellout at the four-building complex...

08/01/2014
“Greenpoint is really the next big ‘it’ neighborhood,” said CORE’s Bowen, citing new developments such as 77 Commercial, a joint venture between developers Joseph Chetrit and David Bistricer that includes two towers, one 30 stories and one 40 stories, with 720 units combined...