Joseph Chetrit

Chetrit Group

Chetrit Group|Gindi Capital 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.

Top Ten Associated Companies:

Peter Kulka (2), Gindi Capital (1), 125 East 65th Street Inc. (1), Interaudi Bank (1)

Top Ten Associated People:

Peter Kulka (1), David Rosenblum (1), Peter Theodore Kulka (1), Nicholas Kwong (1)

Recent activity as company:

Peter Kulka sold 147-28 Jamaica Avenue, 92-11 147th Place, 147-27 Archer Avenue, and N/A Archer Avenue, Jamaica, Queens for $9 million to Chetrit Group on June 07, 2022.

Peter Kulka sold 92-11 147th Place, 147-27 Archer Avenue, and N/A Archer Avenue, Jamaica, Queens for $10.3 million to Chetrit Group on June 07, 2022.

• 125 East 65th Street Inc. sold 125 East 65th Street, Upper East Side, Manhattan for $14.9 million to Chetrit Group on October 26, 2021.

Chetrit Group borrowed $10 million from Interaudi Bank for 125 East 65th Street, Upper East Side, Manhattan on October 26, 2021.

Gindi Capital sold 595 Smith Street, 611 Smith Street, 627 Smith Street, and 659 Smith Street, Brooklyn, Brooklyn for $45 million to Gindi Capital on January 04, 2021.

Latest Stories:

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

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

• Gindi, Nakash, Chetrit sign $50.5M initial loan for warehouse project in Red Hook (March 31, 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 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)

• Maverick buys $110M note secured by Chetrit Group’s Garment District hotel project (June 01, 2022)

• Chetrit Group pays $14.9M for UES townhouse that sold for $22M in 2014 (October 27, 2021)

• Gindi Capital acquires Chetrit Group’s stake in property valued at $45M in Brooklyn (January 05, 2021)

Court Records:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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