Joseph Chetrit

A 16-story building across the street from the Flatiron building and next to the Toy Building was sold for $235 million, according to city records.

Joseph Chetrit sold 1107 Broadway, at 24th Street, to Tessler Developments, a city-based real estate developer. Mr. Chetrit sold the Toy Building at 200 Fifth Avenue earlier this year for $480 million to L&L Holding Company and elected to hold off on selling 1107 Broadway--which is connected to 200 Fifth by a sky-bridge--until the summer. The deal went into contract in July and closed on Oct. 15, according to city records.

We’ll have much more on this sale—and what’s going to happen with 1107 Broadway—in Wednesday’s print edition of The Observer.

Lenox Hill Hospital is unloading some property.

The Upper East Side medical center recently sold six brownstones from 110-120 East 76th Street for $26 million, according to a spokesperson at the hospital. The buyer was the increasingly active Chetrit Group.

“These buildings were residential real estate owned by the hospital that had been sitting empty for a long time,” the spokesperson told The Observer. “They sit in a landmarked district and are in need of renovation.”  read more »

The Toy Building is a closed deal. L&L Holding Company paid $480 million for 200 Fifth Avenue to The Chetrit Group. The buy also includes a four-story building at 23 West 23rd Street, next-door to the Toy Building.  read more »

The Rise and Fall of Brooklyn Heights: Ghosts of a Neighborhood "The highly affluent neighborhood, whose renowned longtime resident Norman Mailer popularized the term "hipster" back in the '50s, isn't exactly the center of cool these days." Go to story by Chris Shott. Bruce T. and Chuck S. Rumble in Starrett City "Bruce Teitelbaum, the controversial former aide to Rudy Giuliani, has been scurrying behind the scenes to shore up David Bistricer's troubled bid for Starrett City in the past several weeks. And for good reason: Mr. Teitelbaum has money riding on it." Go to story by Matthew Schuerman. He Will Rock You, Noise Complaints Or Not "'If I have recourse, I'm gonna use it,' said Richard 'Handsome Dick' Manitoba. The owner of the eponymously named Manitoba's bar on Avenue B isn't sitting quietly after being so rudely shooshed by upstairs neighbors to the tune of $6,400 in fines." Go to Counter Espionage by Chris Shott. Broadway Partners Gobbles Two More Manhattan Towers "Is there anything more active than Scott Lawlor's Broadway Partners? The relentless real-estate investment firm is in contract to purchase another national portfolio from Beacon Capital Partners, which includes two Manhattan prizes, a source familiar with the deal said." Joseph Chetrit and Baruch Singer Strike a $140 M. Midtown South Deal "Two secretive and ambitious developers, Joseph Chetrit and Baruch Singer, have struck a deal in midtown south. Mr. Singer has sold Mr. Chetrit a series of buildings along Sixth Avenue for $140 million." Go to Commercial Breaks by John Koblin. $2.45 M. Tribeca Newlyweds' Spread for Bloomberg's Daughter "Emma Bloomberg and her new husband have paid $2.45 million for a condo at the Fischer Mills Building on Beach Street." Ex-NBC Head 'King of the World' With $10.69 M. Trump Place Buy "Weeks after stepping down as the longtime CEO of NBC, Bob Wright has a new $10,695,000 Hudson River apartment in Trump Place to boost his spirits." Go to Manhattan Transfers by Max Abelson. Edgy Brokers Get Big Whiff of Spring "Neil Binder has been in New York real estate since 1979, and this is the first year that a reason escapes him when it comes to explaining a market boom." Go to The Lab by Tom Acitelli. Where the Air Is Rarefied "'Look, you can see Britney Spears' former penthouse,' said real-estate agent Adam Modlin, pointing out one of 50 windows at the triplex penthouse at 704 Broadway." Go to Interiors by Toni Schlesinger. A Central Park Figure "'We're going to cut a ribbon on a new park four times a week every week this year,' says City Parks Commissioner Adrian Benepe. Is that a good thing?" Go to The Sit-Down by John Koblin. The Good, the Bad and the Gentrified "For the record, I don't care for shopping malls. Or Starbucks. In terms of my personal aesthetic preferences, I am with the contributors to The Suburbanization of New York, a new compilation of essays subtitled, 'Is the World's Greatest City Becoming Just Another Town?' But muddle-headed thinking is never so irritating as when it's deployed on behalf of a cause to which one is sympathetic." Go to book review by Adelle Waldman. Deeds and Deals A Week in New York Real Estate

Bucking a recent trend for media and publishing, Simon & Schuster isn’t moving. For now.  read more »