Meyer Chetrit

Principal

Chetrit Group

Owner, Developer

Chetrit Group portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$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.

Person Activity past 24 months:

Buyer signatory: 0 for $0

Seller signatory: 0 for $0

Borrower signatory: 1 for $70.7 million

Lender signatory: 0 for $0

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

Top Ten Associated People:

Robyn Sorid (4), Mark Mermel (1), Leanne M. Lispi (1), Adam Roman (1), Grace Y. Chiang (1), Michael S. Birajiclian (1), Priyanka Garg (1)

Recent activity as signatory:

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.

Chetrit Groupand 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.

Chetrit Groupand Stellar Management borrowed $539.5 million from Bank of Montreal for 305-315 East 86th Street and 16O East 88th Street, Yorkville, Manhattan on May 27, 2022.

Meyer Chetrit filed plans for new building for 306,454 sqft in Jamaica, Queens, on February 17, 2022.

Chetrit Group sold 1231 3rd Avenue and 1231 3rd Avenue, Lenox Hill, Manhattan for $43.2 million to Premier Equities on January 06, 2022.

Chetrit Group borrowed $80 million from G4 Capital Partners for 1357 2nd Avenue, 252 East 72nd Street, 257 East 71st Street, 259 East 71st Street, 49-51 Chambers Street, and others, Lenox Hill, Manhattan on January 06, 2022.

Chetrit Group borrowed $65 million from G4 Capital Partners for 1357 2nd Avenue, 252 East 72nd Street, 257 East 71st Street, 259 East 71st Street, 1231 3rd Avenue, and others, Lenox Hill, Manhattan on January 06, 2022.

Chetrit Group borrowed $225 million from Starwood Capital Group for N/A 88th Avenue, 152-13 88th Avenue, and 152-09 88th Avenue, Queens, Queens on July 09, 2021.

Chetrit Group borrowed $56 million from UBS Bank for 57-18 Flushing Avenue, N/A 59th Place, N/A 59th Place, and N/A 59th Place, Maspeth, Queens on March 29, 2021.

Latest Stories:

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

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

• Chetrit Group, Stellar sign $365M refi loan with Bank of Montreal for 3 UWS rentals September 01, 2022

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

• Chetrit, Stellar sign $539.5M first mortgage loan with Bank of Montreal for UES rentals May 31, 2022

• Premier Equities pays $43.2M to Chetrit Group for mixed-use building in Lenox Hill January 07, 2022

• Chetrit Group gets $66M gap loan in $225M refi with Starwood, Bank of Montreal in Jamaica July 12, 2021

• Chetrit Group refis with $56M from UBS for Maspeth warehouse March 30, 2021

• Clipper Equity, Chetrit Group refi inventory loan from G4, along with Axos Bank and Emerald Creek January 08, 2021

• Chetrit Group refis retail in City Hall condo project with $16M from Dime Community December 28, 2020

Litigation:

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