Hotel Carter Headed to Sheriff's Auction in Manhattan

"The Carter's woes are no secret. New York City attorneys sued Meyer and Joseph Chetrit last year, alleging that the 120-year-old building had piled up more than 155 violations and had effectively been "abandoned" by its owners, while lenders pushed for repayment and foreclosure, according to The Real Deal."

"A legal notice schedules an all-cash sale at the Manhattan Sheriff's Office on May 6, 2026, as reported by the New York Post. The notice specifies that the auction will be cash only, a format that typically favors investors who can act quickly."

"Neighbors say the endless sidewalk shed and scaffolding have turned into a magnet for trouble after dark. Tom Harris, who owns property nearby, told the New York Post, "let's hope we get an owner who can get something good built.""

The Hotel Carter, a 25-story Times Square building at 250 West 43rd Street, has been closed and wrapped in scaffolding for years. The property is now headed to a sheriff's sale scheduled for May 6, 2026, conducted on an all-cash basis. The previous owners, the Chetrits, purchased the 120-year-old hotel in 2015 but repeatedly delayed renovation plans as debt accumulated. The building accumulated over 155 violations, prompting New York City attorneys to sue for abandonment. Neighbors and local business owners express cautious optimism that a well-funded buyer will complete construction and remove the problematic sidewalk shed that has become a nuisance.

Read at Hoodline