Douglaston Development
(Levine Builders, Clinton Management)
7 Penn Plaza, Suite 600 New York, NY 10001
42-09 235th Street, Douglaston, NY 11363
People:
Douglaston Development NYC portfolio
$2.7 billion -elevator 74%, industrial 11%, retail 7%; Brooklyn 47%, Manhattan 38%, Bronx 14%*
76th largest portfolio by dollar value
4,971,258 sqft – elevator 94%, condo 2%, walkup 2%; Brooklyn 65%, Manhattan 22%, Bronx 12%
79th largest by SF
28 properties – Brooklyn 55%, Bronx 24%, Manhattan 20%
362th largest
5,087 residential units – Brooklyn 67%, Manhattan 19%, Bronx 13%
46th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $124.5 million
Borrower company: 9 for $2 billion
Developer (new building or major alteration): 1 for 131,661 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (6), Wells Fargo (3), Goldman Sachs (1), M&T Bank (1), BankUnited (1), Metropolitan Commercial Bank (1), KKR & Co. (1), NYS Housing Finance Agency (1), MSD Partners (1)
Top Ten Associated People:
Steve Pack (1), Jeffrey L. Cirillo (1), Ingrid Alfred (1), Dennis Graham (1), Ross Dahmen (1), Patrick Mattson (1), Brian Cheigh (1), Aldin Reynolds (1), Lauren Connors (1)
Recent activity as company:
• Douglaston Development and Entertainment Community Fund borrowed $7.7 million from NYC Housing Development Corporation for 513 West 48 Street on April 28, 2026.
• L+M Development Partners, Douglaston Development and SMJ Development borrowed $377.3 million from NYC Housing Development Corporation for Linden houses on February 26, 2026.
• Douglaston Development and Ares Management borrowed $230 million from Wells Fargo for 1051 Atlantic Avenue on December 22, 2025.
• Douglaston Development borrowed $171.5 million from KKR & Co. for 1 North 4 Place on August 04, 2025.
• Douglaston Development borrowed $500 million from Goldman Sachs and Wells Fargo for 309 11 Avenue on July 26, 2024.
• Douglaston Development borrowed $153.5 million from NYC Housing Development Corporation for 410 Bedford Park Boulevard on June 28, 2024.
• Douglaston Development borrowed $98.8 million from NYC Housing Development Corporation for 712 Croes Avenue on June 26, 2024.
• Douglaston Development, Asland Capital Partners and Breaking Ground borrowed $222.1 million from NYC Housing Development Corporation for 712 Croes Avenue on June 26, 2024.
• Valeray Real Estate sold 1460 3 Avenue for $10 million to Douglaston Development on June 05, 2024.
• Douglaston Development borrowed $270.5 million from MSD Partners for 1460 3 Avenue on June 05, 2024.
Latest Stories:
• Douglaston, Phipps file plans for 183-unit rental in Mott Haven (December 18, 2025)
• Douglaston Development pays $65M for 456-unit dev site in Bedford Stuyvesant (June 07, 2023)
• Douglaston Development files plans for 279-unit building in Bronx (October 26, 2022)
Properties: