Chetrit Group

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Chetrit Group portfolio

$978 million* – elevator 42.0%, office 24.0%; Manhattan 84.0%, Queens 9.0%

63th largest portfolio by dollar value

5,008,622 sqft – elevator 45.0%, office 25.0%;

58th largest by SF

93 properties – Manhattan 80%, Queens 12%

96th largest

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

96th largest by residential units

3 foreclosures, 0 bankruptcies, 44 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $32.8 million

Seller company: 1 for $104.5 million

Borrower company: 4 for $241.2 million

Top Ten Associated Companies:

G4 Capital Partners (4), Bank of Montreal (3), Maxim Credit Group (2), Maverick Real Estate Partners (2), Peter Kulka (2), Premier Equities (1), Abraham Grunhut (1), CIM Group (1), L+M Development Partners (1), Madison Realty Capital (1)

Top Ten Associated People:

Robyn Sorid (3), Mark Mermel (1), Leanne M. Lispi (1), Adam Roman (1), Abraham Grunhut (1), Peter Kulka (1), David Rosenblum (1), Peter Theodore Kulka (1), David Thompson (1), Gaby Ferman Lehrer (1)

Recent activity as company:

• Stuart Podolsky, Jay Podolsky and Chetrit Group borrowed $120 million from Benefit Street Partners for 1889 Broadway, Lincoln Square, Manhattan on January 14, 2025.

• Chetrit Group borrowed $0 from Beach Point Capital Management for 98 Montague Street, Brooklyn Heights, Brooklyn on May 07, 2024.

• Gaby Ferman Lehrer and Rita Kwiat sold 1009 Park Avenue, Carnegie Hill, Manhattan for $32.8 million to Chetrit Group on December 01, 2023.

• Chetrit Group borrowed $70.7 million from G4 Capital Partners for 260 East 72nd Street, 252-254 East 72nd Street, 259 East 71st Street, and 257 East 71st Street, Lenox Hill, Manhattan on November 29, 2023.

• Gindi Capital, Nakash Holdings and Chetrit Group borrowed $50.5 million from UMB Bank for 627 Smith Street, 611 Smith Street, 659 Smith Street, and 595 Smith Street, Red Hook, Brooklyn on March 30, 2023.

• Chetrit Group sold 255 West 34th Street, Garment District, Manhattan for $104.5 million to Maverick Real Estate Partners on March 02, 2023.

• Chetrit Group for Kevin K. Kim filed plans for new building for 190,449 sqft in Lenox Hill, Manhattan, on November 02, 2022.

• Chetrit Group and Stellar Management borrowed $365 million from Bank of Montreal for 792 Columbus Avenue, 788 Columbus Avenue, and 784 Columbus Avenue, Upper West Side, Manhattan on August 31, 2022.

• Chetrit Group borrowed $120.5 million from Mack Real Estate Group for 250 West 43rd Street, Times Square, Manhattan on August 29, 2022.

• Read Property Group and Chetrit Group sold 487 Keap Street, Williamsburg, Brooklyn for $36.3 million to Abraham Grunhut on June 16, 2022.