Alongside his brother Judah, Jacob led the Chetrit Corporation, which had notable properties, including a 366,000 square foot building at 1 Whitehall Street in New York’s Financial District. The two also had high hopes going on in Pompano Beach and Hollywood Beach in Florida.
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Jacob Chetrit, a prominent New York investor and member of the influential Chetrit family, has died, The Real Deal reported Saturday. His death was announced by the Ohel Moshe Synagogue, and funeral services were held on Sunday, Jan. 5 in Israel.
As one of the four Chetrit brothers, Jacob was a major investor in Manhattan and South Florida real estate.
Alongside his brother Judah, he led the Chetrit Corporation, which had notable properties, including a 366,000 square foot building at 1 Whitehall Street in New York’s Financial District. The two also had high hopes going on in Pompano Beach and Hollywood Beach in Florida.
The Chetrit brothers – Joseph, Jacob, Meyer and Judah – initially worked under the Chetrit Group until they split in 2010. Despite the separation, they continued to work together in certain departments.
Jacob remained a force in the industry in his later years. In 2020, he made headlines for an $815 million deal to buy the Daily News building from SL Green, a deal that ended up falling through the cracks.
He also sold the company’s 617,000-square-foot building at 850 Third Avenue in 2023.
Recently, the Chetrit Organization has faced financial challenges, with foreclosure proceedings at its Whitehall Street and 428 Broadway properties. However, refinancing efforts have saved its Hollywood Beach and Pompano Beach projects from a similar fate.
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