Isaac Chetrit Makes Garment District Play

NEW YORK CITY-Isaac Chetrit, a relative of the real estate powerhouse Joseph Chetrit, has recently put two Garment District buildings under contract to buy in separate transactions. According to CB Richard Ellis VP Paul Walker, he is purchasing 989 Avenue of the Americas for $49 million and 240 W. 37th St. for about $43 million.

989 6th Ave. is 91,050-sf, 21-story building owned and managed by Himmel and Meringoff Properties. The fully occupied building’s tenants include Coleman Research Group LLC, National Jewish Outreach Program and United Alliance Foundation Inc. Azita Aghravi, senior director at Eastern Consolidated, is said to be Chetrit’s broker. Eastern Consolidated declined to comment.

Chetrit’s other buy lands him the 131,900-sf, 97.7%-occupied 240 W. 37th St. The 3,000 sf available in the building is on the market for $12 per sf, according to a source. Major tenants include Kesselman Trimmings Inc., Biana Liquidators and Auctioneers LLC and Rina Rossi Inc. Grubb & Ellis’ Vin Carrega and Neil Helman were marketing the property. They both declined to comment on the deal. Alan Helman of Walter and Samuel is said to be representing Chetrit in the deal. He did not return calls seeking comment about the pending sale.