LMXD
(L+M Development Partners)
2 Park Avenue, Floor 23 New York, NY 10016
People:
LMXD NYC portfolio
$7.8 billion -elevator 51%, condo 13%, development 12%; Manhattan 46%, Brooklyn 26%, Bronx 11%*
18th largest portfolio by dollar value
23,846,936 sqft – elevator 71%, walkup 11%, condo 10%; Manhattan 40%, Brooklyn 38%, Bronx 12%
11th largest by SF
277 properties – Manhattan 51%, Brooklyn 35%, Bronx 8%
10th largest
25,313 residential units – Manhattan 41%, Brooklyn 39%, Bronx 9%
4th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Notes
Website: LMXD is the mixed-income and market-focused member of the L+M family of companies.
Company Activity past 24 months:
Buyer company: 3 for $166.5 million
Seller company: 1 for $17.8 million
Borrower company: 2 for $166.6 million
Developer (new building or major alteration): 2 for 651,403 square feet
Top Ten Associated Companies:
Bank OZK (1), Prime Finance (1), Harlem Children’s Zone (1)
Top Ten Associated People:
Jon W. Brayshaw (1), Kwame Owusu-Kesse (1)
Recent activity as company:
• Joseph Klyde sold 35-10 43 Street for $6.5 million to LMXD on March 03, 2026.
• LMXD sold 2037 5 Avenue for $17.8 million to Harlem Children’s Zone on February 11, 2026.
• LMXD borrowed $85.6 million from Prime Finance for 2037 5 Avenue on November 25, 2025.
• Park Tower Group sold West street for $160 million to Park Tower Group, Domain Companies and LMXD on August 13, 2025.
• Park Tower Group, Domain Companies and LMXD borrowed $81 million from Bank OZK for West street on August 13, 2025.
• Joseph Klyde sold 35-10 43 Street for $0 to LMXD on August 20, 2024.
Latest Stories:
• LMXD pays $6.5M to long-time owners for dev site in Astoria (March 11, 2026)
• Harlem Children’;s Zone pays $17.8M to LMXD for commercial condo in Harlem (February 20, 2026)
• LMXD signs $85.6M refi with Prime Finance for 222-unit mixed-use in Harlem (December 15, 2025)
• LMXD signs contract to buy likely dev site in Astoria (December 12, 2025)
• L+M sues Santander for rejecting $12.25M Harlem deed-in-lieu (March 21, 2025)
Court Records:
Properties:
