Ben Rieder
Chestnut Holdings of New York
(Chestnut Holdings)
5676 Riverdale Avenue, Suite 307 Bronx, NY 10471
PO Box 1402 Bronx, NY 10471
Chestnut Holdings of New York portfolio
$441.6 million* – elevator 55%, walkup 42%; Bronx 72%, Manhattan 19%
148th largest portfolio by dollar value
6,450,011 sqft – elevator 61%, walkup 37%;
44th largest by SF
151 properties – Bronx 74%, Manhattan 14%
53th largest
6,519 residential units – Bronx 82%, Manhattan 9%
25th largest by residential units
1 foreclosure, 0 bankruptcies, 1 other court case.
Person Activity past 24 months:
Buyer signatory: 1 for $3.4 million
Top Ten Associated Companies:
New York Community Bank (10), JPMorgan Chase (8), Hysen Mehmetaj (2), Neil Fink (2), Casablanca Management (2), Buckingham Properties (1), Jason Korn (1), Bryan W. Kishner (1), Ryan Miller (1), Morris Weinberg (1)
Top Ten Associated People:
Ursula Flores (5), Hysen Mehmetaj (2), Neil Fink (2), Mark Mehlman (2), Anthony Simari (2), Richard Cohen (1), Jason Korn (1), Bryan W. Kishner (1), Ryan Miller (1), Jeffrey Zwick (1)
Recent activity as company:
• Joseph Podolski sold 562 West 193rd Street, Washington Heights, Manhattan for $3.4 million to Chestnut Holdings on October 24, 2023.
• Chestnut Holdings borrowed $5.7 million from JPMorgan Chase for 50-68 West Fordham Road, University Heights, Bronx on September 19, 2022.
• Chestnut Holdings borrowed $5.7 million from New York Community Bank for 2700 Grand Concourse, Fordham Manor, Bronx on September 14, 2022.
• Chestnut Holdings borrowed $5.5 million from JPMorgan Chase for 2821-2825 Grand Concourse, Bedford Park, Bronx on September 09, 2022.
• Thor Equities sold 17 West 125th Street, Harlem, Manhattan for $21.2 million to Denali Management on July 29, 2022.
• Bijan Noghrei and Shaban Simaee sold 762 Union Avenue, 770 Union Avenue, and 766 Union Avenue, Longwood, Bronx for $4.8 million to Chestnut Holdings on July 08, 2022.
• East Coast Holdings sold 1809 Marmion Avenue, East Morrisania, Bronx for $3.1 million to Chestnut Holdings on May 26, 2022.
• Mark Mehlman sold 1801 Marmion Avenue, East Morrisania, Bronx for $3.5 million to Chestnut Holdings on May 25, 2022.
• Chestnut Holdings borrowed $6 million from JPMorgan Chase for 1125-1127 Sheridan Avenue, Concourse Village, Bronx on May 23, 2022.
• Morris Weinberg and David Kleiner sold 1125 Sheridan Avenue, Concourse Village, Bronx for $8 million to Chestnut Holdings on May 23, 2022.
Latest Stories:
• Chestnut Holdings pays $3.4M for 46-unit walkup in Washington Heights (October 25, 2023)
• Chestnut Holdings pays $8M for residential walkup in Concourse Village (May 24, 2022)
• Chestnut Holdings pays $14.5M for 83-unit elevator rental in Elmhurst (April 06, 2022)
• Denali Management pays $6.2M for 39-unit walkup in Bedford Park (March 10, 2022)
• Chestnut Holdings pays $8M to Jason Korn for rental in Crown Heights (January 05, 2022)
• Chestnut Holdings pays $10.9M to Warren Cohen for rental in East Flatbush (December 08, 2021)