Jacob, along with his brother Judah, headed the Chetrit Organization, which owned prominent real estate properties including a 366,000 square foot building at 1 Whitehall Street in New York’s Financial District. The couple also had big plans in Pompano Beach and Hollywood Beach, Florida.
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Jacob Chetrit, a prominent New York real estate investor and member of the influential Chetrit family, has died, The Real Deal reported on Saturday. His death was announced by the Ohel Moshe Synagogue and his funeral was held in Israel on Sunday, January 5th.
One of the four Chetrit brothers, Jacob was a major investor in real estate in Manhattan and South Florida.
Along with his brother Judah, he headed the Chetrit Organization, which owned prominent real estate including a 366,000 square foot building at 1 Whitehall Street in New York’s Financial District. The couple also had big plans in Pompano Beach and Hollywood Beach, Florida.
The Chetrit brothers (Joseph, Jacob, Mayer, and Judah) originally operated under the Chetrit Group, but were split in 2010. Despite the split, they continued to collaborate on select businesses.
Jacob remained active in the industry in his later years. In 2020, he made headlines for his $815 million deal to buy the Daily News building from SL Green, a deal that ultimately fell through amid the pandemic.
He also sold the company’s 617,000-square-foot office building at 850 Third Avenue in 2023.
Most recently, the Chetrit Organization faced financial difficulties with foreclosure proceedings on 428 properties at Whitehall Street and Broadway. However, refinancing efforts saved the Hollywood Beach and Pompano Beach projects from a similar fate.
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