Chetrit gets $128M financing for Jamaica project

The Chetrit Group scored about $127.5 million in construction financing for its planned multifamily redevelopment of the Mary Immaculate Hospital site in Jamaica, sources told The Real Deal. Chetrit is planning a four-building complex at 150-13 89th Avenue in downtown Jamaica, with 324 apartments. The developer acquired the site, which offers more than 415,000 buildable […]

Chetrit Group secures $103M loan package for 49 Chambers condo conversion

The Chetrit Group scored $103 million in financing for its condominium conversion at 49 Chambers Street in the Financial District. The financing package includes a $70 million building loan and a separate $33.1 million project loan, according to records filed with the city on Monday. Real estate investment trust SL Green Realty and real estate […]

“Ring a ding ding boys”: Behind Chetrit’s Ring portfolio beef with Princeton Holdings

From left: Joseph Chetrit, 212 Fifth Avenue and Joseph Tabak On June 20, 2013, Joseph Chetrit was furious with Joe Tabak, chief of Princeton Holdings. “I am getting raped by you,” he wrote to Tabak. “I want to meet ASAP today.” Nearly a year earlier, the Chetrit Group had entered into a joint venture agreement […]