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%*
78th largest portfolio by dollar value
5,248,938 sqft – elevator 89%, D6 4%, condo 2%; Brooklyn 62%, Manhattan 26%, Bronx 11%
77th largest by SF
28 properties – Brooklyn 55%, Bronx 24%, Manhattan 20%
372th largest
5,317 residential units – Brooklyn 64%, Manhattan 22%, Bronx 12%
46th largest by residential units
Company Activity past 24 months:
Borrower company: 4 for $786.4 million
Developer (new building or major alteration): 1 for 131,661 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (6), Wells Fargo (3), NYS Housing Finance Agency (1), MSD Partners (1), M&T Bank (1), BankUnited (1), Goldman Sachs (1), Metropolitan Commercial Bank (1), KKR & Co. (1)
Top Ten Associated People:
Lauren Connors (1), Aldin Reynolds (1), Brian Cheigh (1), Ingrid Alfred (1), Steve Pack (1), Jeffrey L. Cirillo (1), Dennis Graham (1), Ross Dahmen (1), Patrick Mattson (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, Asland Capital Partners and Breaking Ground borrowed $222.1 million from NYC Housing Development Corporation for 712 Croes Avenue on June 26, 2024.
• Douglaston Development borrowed $98.8 million from NYC Housing Development Corporation for 712 Croes Avenue on June 26, 2024.
• Douglaston Development borrowed $270.5 million from MSD Partners for 1460 3 Avenue on June 05, 2024.
• Valeray Real Estate sold 1446 3 Avenue for $114.5 million to Douglaston Development on June 05, 2024.
• Valeray Real Estate sold 1460 3 Avenue for $10 million to Douglaston Development on June 05, 2024.
• Douglaston Development for Steven Charno filed plans for new building for 245,337 sqft in Manhattan, on February 26, 2024.
• Douglaston Development borrowed $106.8 million from NYC Housing Development Corporation for 513 West 48 Street on February 02, 2024.
• Douglaston Development and Ares Management borrowed $185 million from Wells Fargo, M&T Bank and BankUnited for 1051 Atlantic Avenue on May 26, 2023.
• BEB Capital, Ofer Cohen, Tucker Reed and Vivian Liao sold 1051 Atlantic Avenue for $65 million to Douglaston Development and Ares Management on May 26, 2023.
• Douglaston Development for Russell Lang filed plans for new building for 250,339 sqft in Fordham Manor, Bronx, on October 24, 2022.
• Wayne Finkelstein sold 53 Exterior Street for $16.1 million to Phipps Houses and Douglaston Development on March 17, 2022.
• Douglaston Development borrowed $6.4 million from Metropolitan Commercial Bank for 34 North 6th Street, 34 North 7th Street, 22 North 6th Street, and 27 North 6th Street, Williamsburg, Brooklyn on February 25, 2022.
• Douglaston Development for Joel Kolkmann filed plans for new building for 140,239 sqft in Hell’s Kitchen, Manhattan, on August 31, 2021.
• Douglaston Development for Joel Kolkmann filed plans for new building for 140,239 sqft in Hell’s Kitchen, Manhattan, on July 29, 2021.
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: