Age, Biography and Wiki

David Bistricer was born on 10 August, 1949 in Brussels, Belgium, is a David Bistricer is New York. Discover David Bistricer's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 74 years old?

Popular As N/A
Occupation Real Estate Developer
Age 74 years old
Zodiac Sign Leo
Born 10 August, 1949
Birthday 10 August
Birthplace Brussels, Belgium
Nationality Belgium

We recommend you to check the complete list of Famous People born on 10 August. He is a member of famous Founder with the age 74 years old group.

David Bistricer Height, Weight & Measurements

At 74 years old, David Bistricer height not available right now. We will update David Bistricer's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is David Bistricer's Wife?

His wife is Esther Bistricer

Family
Parents Elsa Bistricer Moric Bistricer
Wife Esther Bistricer
Sibling Not Available
Children Five

David Bistricer Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is David Bistricer worth at the age of 74 years old? David Bistricer’s income source is mostly from being a successful Founder. He is from Belgium. We have estimated David Bistricer's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Founder

David Bistricer Social Network

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Timeline

1922

One of Bistricer's latest ventures, in partnership with Chetrit Group, is the transformation of the shuttered four-building Cabrini Medical Center at 220 and 230 East 20th Street and 215 and 225 East 19th Street into a residential a condo project, Gramercy Square, with 223 units.

The Woods Bagot-designed development features a different style for each property: a modern, a prewar, a boutique and a tower building.

It also has about 38,000 square feet of amenities including a 75' sky-lit pool, a gym, a theater, a meditation room exclusively programmed by MNDFL and a wine cellar.

And there's ample green space with a courtyard, a greenhouse and landscaping around the buildings.

Bistricer was born in Brussels, Belgium to an Orthodox Jewish family, the son of Moric and Elsa Bistricer.

His mother was a prisoner at the Bergen-Belsen concentration camp in Germany during World War II while his father hid from the Nazis in Budapest.

1949

David Bistricer (born August 10, 1949) is a New York-based real estate developer and the founder and principal of Clipper Equity.

His firm focuses on the conversion of non-residential buildings to residential uses.

1951

In 1951, his family immigrated to New York City when Bistricer was two.

In New York, his parents invested in real estate primarily on West End Avenue and Fifth Avenue in Manhattan.

1970

Bistricer joined the family business in the 1970s.

1980

In the 1980s, the Bistricer family was heavily involved in the conversion of rental buildings in New York City into cooperatives.

1987

In 1987, in his first large transaction, Bistricer partnered with real estate investor Jacob Schwimmer and purchased a four-tower, 960 apartment complex at 101 Wadsworth Avenue in Washington Heights for $11 million.

Also in 1987, Bistricer purchased 30% of the Chicago-based electrical wire manufacturer, Coleman Cable (which went public in 2007).

1994

In 1994, they were charged with not disclosing sufficient information to the buyers of the units and in 1998, they were banned from selling co-ops and condos.

2001

In 2001, the restriction on the family business was partially lifted and in 2009, it was fully lifted.

2002

In 2002, he expanded into Brooklyn purchasing two Downtown Brooklyn office buildings for $40 million; and in 2005, he purchased the 27-story New York Telephone Company building in Downtown Brooklyn and converted the building into the 219-unit BellTel Lofts condominiums, one of the first large residential projects in Downtown Brooklyn.

2005

In 2005, Bistricer purchased the rent-regulated 59 building Vanderveer Estates Apartments in East Flatbush for $138.2 million with the intent to renovate them into a collection of spacious rental apartments, since renamed Flatbush Gardens.

At the time of purchase, the complex had over 12,000 housing code violations inherited by Bistricer.

2006

In 2006, Bistricer founded Clipper Equity.

A year later, his bid to purchase for $1.3 billion the rent regulated Starrett City complex in East New York failed, partly the result of bad publicity surrounding the Tishman Speyer Properties purchase of Stuyvesant Town–Peter Cooper Village.

2011

In 2011, partnering with Joseph Chetrit, he purchased the Chelsea Hotel for $80 million; they sold their interest in 2013.

2012

In 2012, Bistricer donated $70,000 to various nonprofit groups including Yeshiva Simchas Chaim in Sheepshead Bay.

Bistricer lives in Borough Park, Brooklyn with his wife Esther.

They have five children.

His son J.J. Bistricer is also active in the family business.

2013

In 2013, Bistricer began the restoration and reconversion to a hotel of the former Hotel Bossert in Downtown Brooklyn and the conversion of the Cabrini Medical Center in Manhattan into housing.

In 2013, in his largest transaction to date, Bistricer and his partner Joseph Chetrit, purchased the Sony Tower in New York City for $1.1 billion, intending to convert the building into condominiums.

2016

By 2016, Bistricer spent diligent effort and $20 million in renovations to effectively reduce those violations by over 95%.

Currently the complex is 97% occupied and considered a highly desirable place to reside.

They halted the project in 2016 due to fears of an over-supply of luxury housing, instead selling the building for $1.4B to the Olayan Group of Saudi Arabia.

Bistricer has a conservative investment methodology and typically minimizes the use of debt with no more than 70 percent debt to equity.