Isaac Chetrit to convert Stewart Hotel to residential – Robert Khodadadian

Isaac Chetrit and his partners are planning to shut down the Stewart Hotel across from the Madison Square Garden and convert it into apartments. Chetrit, along with his brother, Eli, and Ray and Jack Yadidi of Sioni Group are planning to build 625 apartments and 35,000 square feet of amenity space, according to a source familiar with the transaction. The building can be turned into a hotel as-of-right, meaning without new zoning. The developers expect

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, conversions, Hotel, isaac chetrit, Madison Square Garden The Real Deal New York Read More