Chetrit Group

About: The Chetrit Group is a real estate development firm focused in New York City. Its portfolio includes many Manhattan office properties.

Headquarters: 512 Seventh Avenue, 15th Floor, New York, NY 10018

Founded in: 1980s

Founded by: Joseph, Meyer, Jacob, and Juda Chetrit

Chetrit Group Q&A

What is the Chetrit Group known for?
The Chetrit Group is known for its New York developments. Additionally it is remembered for an ill-fated 2011 takeover of the Chelsea Hotel. The Chetrits sold the building in 2013 after they were unable to evict long-term tenants and turn the building into a luxury hotel.
What properties has the Chetrit Group developed?
The Chetrit Group bought and sold 450 West 33rd Street, the former headquarters of tabloid New York Daily News, and the International Toy Center at 200 Fifth Avenue and 1107 Broadway. In 2013 the Group, along with collaborator David Bistricer, acquired the Sony Building at 550 Madison Avenue. In May 2016 Chetrit and Clipper sold it to Olayan America, the U.S. investment arm of Saudi Arabia's Olayan Group. The Group has also been involved with the residential conversion of the former Cabrini Medical Center in Gramercy Park.
Who runs the Chetrit Group?
The real estate development firm is controlled by four brothers: Joseph, Meyer, Jacob, and Juda Chetrit. Joseph Chetrit is considered the group's leader.
Where does the Chetrit Group operate?
The Chetrit Group owns and operates mainly out of New York City and owns a stake in Chicago's Willis Tower.

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From left:  Joseph Chetrit, 404 Fifth Avenue and WeWork CEO Sandeep Mathrani (Photos via Wikipedia Commons; Google Maps)

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Joseph Chetrit and 49 Chambers (Getty, 49 Chambers)

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Chetrit Group principal Michael Chetrit and 850 Third Avenue (850thirdavenue, iStock, Discovery Channel)

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150 East 86th Street (Google Maps)

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Joseph Chetrit and 88-20 153rd Street (Credit: Getty Images, Google Maps)

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