Joseph Chetrit

Recent Sales, Upper East Side

Listing photos courtesy of Douglas Elliman

The townhouse might’ve sold for $14 million under its asking price, but it’s still one of the biggest sales to come through since the coronavirus crisis hit NYC. Owner and big-time real estate developer Joseph Chetrit first listed the double-wide home at 118 East 76th back in 2017 for $39 million. The Wall Street Journal, who learned of the sale from a source close to the deal, notes that the Upper East Side home went into contract “for a significantly larger amount” but “was renegotiated due to the market tumult caused by the pandemic.” The lavish home boasts a top-floor indoor pool with a glass-enclosed gym that overlooks it, an elevator that stops at all six floors, a cigar bar, and a patio with an outdoor kitchen and living area.  Read more

Architecture, hudson yards, New Developments

CetraRuddy, Chetrit Group, Hudson Yards

Back in September, the developer Joseph Chetrit filed plans to build a 48-floor mixed-use tower with 421 hotel rooms and 135 residential units in the Hudson Yards neighborhood. Now, the wait is over as renderings of Chetrit Group’s proposed tower at 541-545 West 37th Street have officially been revealed. As CityRealty learned, CetraRuddy Architecture is designing the high-tech skyscraper, which is expected to rise 622 feet and overlook the future Hudson Boulevard Park. The building will span 621,000 square feet and include exhibition, retail, hotel and residential spaces.

More details and renderings

Downtown Brooklyn, New Developments

Rendering based on potential height, via CityRealty

As the result of the $90 million acquisition of Brooklyn’s landmarked Dime Savings Bank building by developers Michael Stern (111 West 57th) and Joe Chetrit, a new residential skyscraper in Brooklyn could nearly reach the height of the Empire State Building.

The historic Neo-Roman building at 9 DeKalb Avenue in Downtown Brooklyn–next door to the famed Junior’s Restaurant–comes with 300,000 square feet of development rights, which, combined with existing air rights next door at 340 Flatbush Avenue Extension (which the pair bought last summer for $43 million), could be used to build an adjacent tower of nearly 600,000 square feet. The likelihood of a tower that reaches between 1,000 and 1,200 feet has been mentioned by sources close to the deal.

find out more about the planned Brooklyn skyscraper

Real Estate Wire

hotel carter nyc, america's dirtiest hotel
  • An image of what could go up at the long-stalled Kedem winery site in south Williamsburg. [Brownstoner]
  • They’re just like us? The super-rich buy super-expensive apartments and fill them with super-expensive furniture but never actually occupy them. [NYDN]
  • The priciest properties belonging to tech investors, entrepreneurs and CEOs. [TRD/Business Insider]
  • Joseph Chetrit has agreed to pay $190 million to acquire the Hotel Carter, the former Times Square flophouse that was long considered the “dirtiest hotel in America”. [WSJ]

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.