Chetrit Group

People:

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Chetrit Group portfolio

$927.4 million – elevator 45.0%, office 26.0%; Manhattan 83.0%, Queens 9.0%

61th largest portfolio by dollar value

4,791,339 sqft – elevator 47.0%, office 26.0%;

57th largest by SF

92 properties – Manhattan 80%, Queens 13%

72th largest

2,339 residential units – Manhattan 76.0%, Queens 23.0%

89th largest by residential units

3 foreclosures, 0 bankruptcies, 43 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $32.8 million

Seller company: 1 for $104.5 million

Borrower company: 2 for $70.7 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

G4 Capital Partners (4), Maxim Credit Group (2), Maverick Real Estate Partners (2), Peter Kulka (2), Premier Equities (1), CIM Group (1), L+M Development Partners (1), Madison Realty Capital (1), Popular Bank (1), Gaby Ferman Lehrer (1)

Top Ten Associated People:

Robyn Sorid (3), Mark Mermel (1), Peter Kulka (1), David Rosenblum (1), Peter Theodore Kulka (1), David Thompson (1), Gaby Ferman Lehrer (1), Rita Kwiat (1), Grace Y. Chiang (1), Michael S. Birajiclian (1)

Latest Stories:

• Beach Point closing in on Chetrit’s Hotel Bossert that has $177M judgment (November 17, 2024)

• Mack alleges $31.5M Chetrit default in Times Square, weeks after similar claim in Hudson Yards (September 30, 2024)

• Beach Point Capital acquires $112M note secured by Chetrit Group’s Hotel Bossert in Brooklyn Heights (May 08, 2024)

• Chetrit Group pays $32.8M to long-time owners for 26-unit rental in Carnegie Hill (December 04, 2023)

• Chetrit Group accuses Maverick of fixing UCC auction, seeks $20M (April 06, 2023)

• Maverick takes control of Chetrit’s Garment District hotel, valued at $104.5M (March 02, 2023)

• Maverick sues Chetrit for $106M, Thor for $25.5M, Yoel Goldman for $2.3M (January 11, 2023)

• Chetrit Group plans 53-unit building in Lenox Hill (November 04, 2022)

• Chetrit Group signs $120.5M refi loan with Mack Real Estate Group for hotel in Times Square (August 30, 2022)

• Chetrit Group pays $19.3M to Peter Kulka for 359-unit dev site, air rights in Jamaica (June 08, 2022)

Litigation:

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Properties:

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