SMJ Development

People:

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SMJ Development NYC portfolio

$546.1 million -elevator 69%, development 22%, walkup 7%; Brooklyn 69%, Queens 20%, Manhattan 10%*

413th largest portfolio by dollar value

2,080,858 sqft – elevator 96%, walkup 1%; Brooklyn 96%, Manhattan 2%

246th largest by SF

10 properties – Brooklyn 60%, Manhattan 30%, Queens 10%

1039th largest

2,136 residential units – Brooklyn 89%, Queens 5%, Manhattan 4%

149th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $6.9 million

Borrower company: 5 for $440.1 million

Top Ten Associated People:

Brian Cheigh (1), K. James Dittbrenner (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.

• SMJ Development borrowed $6.6 million from NYC Department of Housing Preservation and Development for 204 Avenue A on December 11, 2025.

• SMJ Development borrowed $19.8 million from Webster Bank for 351 West 45 Street on June 27, 2025.

• SMJ Development and Services for the UnderServed borrowed $30.2 million from Webster Bank for 351 West 45 Street on June 27, 2025.

• SMJ Development borrowed $6.3 million from Community Preservation Corporation for 535 East 12 Street on September 05, 2024.

• Neighborhood Restore sold 535 East 12 Street for $6.9 million to SMJ Development on September 05, 2024.

• Croman Real Estate sold 351 West 45 Street for $20 million to SMJ Development and Services for the UnderServed on June 26, 2024.

• SMJ Development and Settlement Housing Fund borrowed $85.1 million from NYC Housing Development Corporation for 85-11 68 Road on June 26, 2024.

• SMJ Development and Services for the UnderServed borrowed $19.2 million from Enterprise Community Partners for 351 West 45 Street on June 26, 2024.

• SMJ Development borrowed $13.7 million from Low Income Investment Fund for 85-11 68 Road on October 19, 2023.

• Peter Zuccarello, Damien Smith, Gandolfo DiFiore, Joseph Mazzola and Gerald Caliendo sold 85-11 68 Road for $12.5 million to SMJ Development on October 19, 2023.

• SMJ Development borrowed $14.6 million from Community Preservation Corporation for 204 Avenue A on December 18, 2019.

Properties:

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