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    Meyer Chetrit

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

    Meyer Chetrit is a member of the Chetrit family of property investors and the president of their financial vehicle, the Chetrit Group, according to a profile on the social networking site LinkedIn. Meyer, who also goes by Mike, is the brother of Joseph, Juda and Jacob Chetrit. His brother Joseph, or Joe, is the lead figure in the family firm. Meyer, who speaks English with a heavy French accent, moved to the United States from eastern Morocco.

    `The Chetrit Group began investing in U.S. real estate in the late 1980s and early 1990s, at first buying apartment buildings in Brooklyn and Queens. Now the firm has the wherewithal to buy a skyscraper, like the Sony Tower it purchased in January 2013, for over $1 billion. The Chetrits are known more as landlords than developers. Notwithstanding their sometimes spectacular dealmaking, Meyer and his brothers aim to keep out of the media and sue people who speak to reporters about them, an unnamed person told The Real Deal in 2011.

    In 2011, Meyer, along with his brothers/partners, was a defendant in an employee discrimination suit in federal court. Former employee Les Kramsky alleged that Meyer and his brothers, Orthodox Jews, hired him because they believed he was also Orthodox. Once they discovered he practiced a less strict form of Judaism, they pressured him to participate in religious rituals at work and eventually fired him in 2010, Kramsky alleged. The Chetrit Group denied Kramsky's claims and asked that the case be dismissed; ultimately, it was settled out of court.

    In move that drew the media attention the brothers avoid, their firm acquired the Chelsea Hotel in May 2011 for $77.8 million and set about redeveloping it. The Chelsea's former owners had rented it to artists on a noncommercial basis, an approach the Chetrits did not share. Closing the hotel in August 2011 and trying to force out rent-regulated tenants proved controversial. Chetrit sold the Chelsea in 2013 to hotelier Ed Scheetz for an undisclosed sum as part of a package deal.

    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...
    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...

    The Chetrit Group, headed by brothers Joseph and Meyer Chetrit, and Alma Realty, founded by Efstathios Valiotis in 1988, rounded out the top five, with 8.3 million square feet and 7.2 million square feet in holdings, respectively...