214 East 21 Street
Flatbush, Brooklyn
Parcel ID (BBL): 3051010017
Owner: Chestnut Holdings Of New York
Acquired: March 15, 2024, $10.3 million
Debt: July 17, 2025, $7.8 million
Built: 1910
SF: 103,472
Dwelling units: 85
No. of buildings: 1
Class: Semi-fireproof (Without Stores) (D1)
Floors: 6
Transactions:
• Chestnut Holdings of New York borrowed $7.8 million from JPMorgan Chase for 555 Ocean Avenue, Flatbush, Brooklyn on July 17, 2025.
• Chestnut Holdings of New York borrowed $7.2 million from KMR Equity Partners for 555 Ocean Avenue, Flatbush, Brooklyn on March 15, 2024.
• Daniel Reifer sold 555 Ocean Avenue, Flatbush, Brooklyn for $10.3 million to Chestnut Holdings of New York on March 15, 2024.
• Camporeale Law Group registered on July 05, 2023 bought a loan with an original principal of $11.2 million from Ridgewood Savings Bank, signed by Thomas F. Kennedy, secured by 555 Ocean Avenue, Flatbush, Brooklyn, when owned by RMC Equities.
Development:
• Paramjit Kaur filed plans for alteration in Flatbush, Brooklyn, on November 19, 2025.
• Sefik Gunes filed plans for alteration in Flatbush, Brooklyn, on June 10, 2025.
• Sefik Gunes filed plans for alteration in Flatbush, Brooklyn, on May 07, 2025.
• Kamaljit Singh filed plans for alteration in Flatbush, Brooklyn, on January 16, 2025.
• Daniel Reifer filed plans for alteration in Flatbush, Brooklyn, on March 03, 2014.
Litigation:
• Daniel Reifer on April 27, 2023, filed a $13.3 million bankruptcy 1-23-41456-jmm for 555 Ocean Avenue that has creditor Ocean Lender LLC.
• Ocean Lender LLC filed a $11.2 million pre-foreclosure 519258/2022 on July 07, 2022, against Daniel Reifer and RMC Equities at 555 Ocean Avenue.
Violations:
According to city public data, the properties have received one DOB violation, $2,500 in ECB penalties, 111 housing violations, and $3,325 in OATH penalties in the last year.