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    Home»Real Estate Analysis»Chetrits’ Hotel Carter in Times Square to Be Auctioned

    Chetrits’ Hotel Carter in Times Square to Be Auctioned

    Team_WorldEstateUSABy Team_WorldEstateUSAMarch 9, 2026No Comments3 Mins Read
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    After years of decay and blight, the Resort Carter in Instances Sq. is poised to have a brand new proprietor in a matter of months.

    The vacant property at 250 West forty third Avenue is being put up for public sale with the Manhattan sheriff’s workplace on Might 6, the New York Put up reported. The event was posted in a authorized discover; the sheriff didn’t reply to a request for remark from the publication.

    Lower than a yr in the past, the town filed a civil lawsuit in opposition to brothers Meyer and Joseph Chetrit, claiming they did not correctly keep the property, making it a public nuisance.

    The town alleged the Chetrits racked up greater than 155 violations on the 120-year-old property, claiming the brothers “deserted this challenge” after defaulting on a $233 million mortgage earlier within the yr. 

    Alleged violations included a primary ground and cellar that had been fully demolished with out correctly sealing off the inside to the general public, “disconnected parapet panels at risk of falling; lacking and indifferent panels; hanging wires; rotten plywood; out-of-plumb components leaning towards parked vehicles; inoperable lights underneath the shed; insufficient signage; and visibility hazards, making a danger {that a} automobile could strike the shed.”

    Moreover, the town alleged the Chetrits deserted the property. The earlier summer season, lender Mack Actual Property Group sued Meyer and Joseph looking for to gather a $6.5 million private assure on their mezzanine mortgage.

    On the time of the swimsuit, a spokesperson for the household mentioned it will work with the town to repair the violations. A household spokesperson didn’t reply to The Actual Deal’s request for touch upon the public sale.

    The Chetrits paid $192 million in 2015 to purchase the resort, which TripAdvisor as soon as named the dirtiest within the metropolis. The Observer, in the meantime, wrote it was “undeniably, unequivocally, the worst resort” within the Massive Apple.  

    It has been closed for six years.

    Meyer and Joseph Chetrit have extra issues to take care of than the squalid resort. The brothers are facing criminal tenant harassment charges that might see the landlords serve jail time. The brothers pleaded not responsible a number of months in the past to 2 counts of tenant harassment.

    They’re due again in court docket April 29.

    — Holden Walter-Warner

    Learn extra

    City sues Chetrits over conditions at “dirtiest” hotel


    Meyer Chetrit and Joseph Chetrit

    Meyer Chetrit appears in court on tenant harassment charges


    Joe Chetrit Defaults on Hotel Carter 250 West 43rd Street

    Joe Chetrit defaults on NYC’s former “dirtiest” hotel in Times Square






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