Chestnut Holdings of New York is a family-owned real estate investment and property management firm operating in New York City since 1997. The company follows a buy-and-hold investment strategy, focusing on acquiring, renovating, and managing multifamily residential properties. The firm purchased its first building in the Bronx in 1997 and continues to own and operate that property today. The company operates with in-house capabilities across acquisitions, property management, and capital improvements. The management team collectively holds over 150 years of real estate experience. Chestnut acquired the Sholem Aleichem Houses in 2013 for $22 million, consisting of 15 buildings across three properties totaling 235 residential units in Van Cortlandt Village in the Bronx. The firm also operates a commercial division managing retail and office properties throughout the Bronx, Brooklyn, Manhattan, and Yonkers. The company maintains banking relationships with financial institutions including JPMorgan Chase and New York Community Bank.