Richard Mack Of Mack Real Estate Group Purchases Development Site From Joseph Chetrit For $94M

A development site located at 545 West 37th Street in Hudson Yards, Manhattan, was sold for $94,000,000. The property encompasses 172,810 square feet, resulting in a price per square foot of $544.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $94,000,000
• Buyer: Richard Mack - Mack Real Estate Group
• Seller: Joseph Chetrit - Chetrit Group
• BSF: 172,810
• PPBSF: $544

Richard Mack, representing Mack Real Estate Group, acquired the property from Joseph Chetrit, who is affiliated with Chetrit Group. The transaction took place on December 18, 2025.