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
$2.8 billion -elevator 71%, industrial 10%, retail 7%; Brooklyn 45%, Manhattan 40%, Bronx 14%*
74th largest portfolio by dollar value
4,944,566 sqft – elevator 94%, walkup 2%, condo 2%; Brooklyn 65%, Manhattan 22%, Bronx 12%
80th largest by SF
27 properties – Brooklyn 59%, Bronx 25%, Manhattan 14%
359th largest
5,087 residential units – Brooklyn 67%, Manhattan 19%, Bronx 13%
44th largest by residential units
Company Activity past 24 months:
Buyer company: 2 for $124.5 million
Borrower company: 8 for $2 billion
Developer (new building or major alteration): 1 for 131,661 square feet
Top Ten Associated Companies:
NYC Housing Development Corporation (5), 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), Aldin Reynolds (1), Brian Cheigh (1)
Recent activity as company:
• 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.
• Valeray Real Estate sold 1446 3 Avenue for $114.5 million to Douglaston Development 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: