Chestnut Holdings Of New York

(Chestnut Holdings)

5676 Riverdale Avenue, Suite 307 Bronx, NY 10471

PO Box 1402 Bronx, NY 10471

People:

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Chestnut Holdings Of New York portfolio

$573.2 million – elevator 50%, walkup 41%; Bronx 67%, Manhattan 22%

96th largest portfolio by dollar value

7,909,887 sqft – elevator 59%, walkup 38%;

29th largest by SF

197 properties – Bronx 74%, Manhattan 14%

27th largest

7,897 residential units – Bronx 79%, Manhattan 10%

15th largest by residential units

1 foreclosure, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Buyer company: 7 for $52.9 million

Seller company: 1 for $3 million

Borrower company: 2 for $20.7 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

JPMorgan Chase (32), New York Community Bank (9), Morgan Group (7), Signature Bank (6), Morris Joseph Knoll (4), Capital One (4), Katzenell family (4), Mordechai Rosenblum (3), Buckingham Properties (2), Hysen Mehmetaj (2)

Top Ten Associated People:

Scott Morgan (7), Ursula Flores (6), Morris Joseph Knoll (5), Jennifer A. Santelli (5), Joseph Spitzer (4), Mordechai Rosenblum (4), Charles L. Knoll (3), Richard Cohen (2), Hysen Mehmetaj (2), Mark Mehlman (2)

Latest Stories:

• Virginia doctor pays $11.8M to Kings Capital for 20-unit walkup in Hell’s Kitchen (December 18, 2024)

• Chestnut Holdings pays $2.9M for 35-unit rental in Mt Hope (November 19, 2024)

• Chestnut Holdings pays $4.7M for retail in Kingsbridge Heights (October 11, 2024)

• Scharfman Organization sells 76-unit rental in Parkchester for $9.3M, first sale in years (October 10, 2024)

• Chestnut Holdings pays $10.3M for 85-unit rental in Flatbush that was in bankruptcy (March 18, 2024)

• Chestnut Holdings acquires bankrupt 182-unit rental in Concourse valued at $18M (January 10, 2024)

• Chestnut Holdings pays $3.4M for 46-unit walkup in Washington Heights (October 25, 2023)

• Chestnut Holdings pays $4.3M to Alma Realty for 24-unit walkup in Belmont (June 08, 2023)

• $13M bankruptcy filed for 85-unit Flatbush rental (April 28, 2023)

• Chestnut Holdings pays $8M for residential walkup in Concourse Village (May 24, 2022)

Litigation:

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Properties:

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