288 5 Avenue
Penn Plaza, Manhattan
Parcel ID (BBL): 1008320041
Owner: Jack Aini
Debt: September 16, 2022, $19 million
Built: 1910
Renovated: 1989
SF: 44,380
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 7 to 19 stories (O6)
Floors: 12
Transactions:
• Jack Aini borrowed $19 million from Signature Bank for 286 Fifth Avenue, Penn Station, Manhattan on September 16, 2022.
Development:
• David Chetrit filed major alteration job M01389450 for 43,068 sqft E building with 0 apartments in Penn Plaza, Manhattan, on April 20, 2026.
• David Chetrit filed major alteration job M00769000 for 50,004 sqft E building with 0 apartments in Penn Station, Manhattan, on August 11, 2022.
• David Chetrit filed alteration job M01327730 for 4,250 sqft E building with 0 apartments in Penn Plaza, Manhattan, on December 05, 2025.
• David Chetrit filed alteration job M00971796 for 42 sqft building with 0 apartments in Penn Plaza, Manhattan, on December 08, 2023.
• David Chetrit filed alteration job M00841179 for 70 sqft building with 0 apartments in Penn Station, Manhattan, on March 09, 2023.
• David Chetrit filed alteration job M00758510 for 300 sqft COM building with 0 apartments in Penn Station, Manhattan, on June 22, 2022.
• David Chetrit filed alteration job M00758489 for 150 sqft COM building with 0 apartments in Penn Station, Manhattan, on June 22, 2022.
Litigation:
• Blackstone Group and Rialto Capital Advisors filed a $19 million pre-foreclosure 850014/2026 on January 13, 2026, against Aini & Associates, AB & Sons Group, Eli Chetrit and Isaac Chetrit at 286 5 Avenue.
Violations:
According to city public data, the properties have received $700 in OATH penalties in the last year.