Published On: Thu, Jan 21st, 2016

Chetrit aims for $334 Million sellout at 49 Chambers conversion

Developer paid city $89M for FiDi building in 2013

 

Sony_Building-From left 49-51 Chambers Street and Joseph Chetrit

 

Amid a Downtown condominium boom, the Chetrit Group is aiming for a $334 million sellout of its forthcoming conversion of 49 Chambers Street in the Financial District.

The developer is planning 81 condominium units at the 14-story Beaux-Arts building, according to an offering plan filed Jan. 12 with the state’s Attorney General.

The property was once home to Emigrant Industrial Savings Bank and, in recent years, New York City government offices. Chetrit paid the city $89 million for the building in 2013.

Condominium units will range from one- to four-bedrooms. Plans filed with the Department of Buildings call for six condos on the second floor; seven units on floors three through nine; six apartments on floors 10 through 12; five on floor 14; and three on the 15th floor.

 

Read the full story at The RealDeal, by E.B. Solomont

 

READ MORE: Chetrit Group

Chetrit - Collins Park Hotel rendering sChetrit scores $55M loan for Miami Beach project

The Chetrit Group, a New York-based development firm, just closed on $55 million in financing to redevelop part of Collins Park: a group of Postwar modern and Art Deco properties in South Beach, some of More…

048-049 One57 se FINAL.indd

Prices for luxury condos are reaching to the sky, but unlike towers and skyscrapers, there seems to be no limit to how high they can go. Chetrit Group announced that it is charging $150 million for an ultra luxury More…

 

550 Madison

In January of last year Sony sold its 550 Madison headquarters for US$1.1 billion to investors led by the Chetrit Group. The 37 storey, Philip Johnson designed, post-modernist icon was built only in 1984 More…

245-247 West 34th Street  agorafy.com

– The group, owned by brothers Joseph and Meyer Chetrit, paid for $31.5 million for the buildings situated in Penn Plaza. –  – Joseph and Meyer Chetrit, owners of the Chetrit Group had a plan when they paid More…

Read more about: , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems