Carrie Van Syckel
Chief Investment Officer
Partner
L+M Development Partners
(L&M Development Partners)
1865 Palmer Avenue, Floor 2 Larchmont, NY 10538
2 Park Avenue, Floor 23 New York, NY 10016
L+M Development Partners NYC portfolio
$7.6 billion -elevator 53%, condo 14%, development 13%; Manhattan 47%, Brooklyn 25%, Bronx 12%*
20th largest portfolio by dollar value
23,738,337 sqft – elevator 71%, condo 11%, walkup 11%; Manhattan 40%, Brooklyn 38%, Bronx 12%
11th largest by SF
268 properties – Manhattan 51%, Brooklyn 35%, Bronx 9%
10th largest
25,104 residential units – Manhattan 40%, Brooklyn 39%, Bronx 9%
5th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Other Links:
Person Activity past 24 months:
Seller signatory: 1 for $75 million
Top Ten Associated Companies:
NYC Housing Development Corporation (2), Lument (2), Nuveen (1), Williamsburg Montessori (1), Wells Fargo (1)
Top Ten Associated People:
Patricia Leung (1), Leon Kraus (1)
Recent activity as signatory:
• L+M Development Partners sold 202 Manhattan Avenue for $75 million to Nuveen on June 17, 2026.
• L+M Development Partners borrowed $20.2 million from Lument for 158 East 103 Street on September 15, 2023.
• L+M Development Partners borrowed $38.6 million from Lument for 1430 5 Avenue on March 31, 2023.
• L+M Development Partners sold 450 Kent Avenue, Williamsburg, Brooklyn for $4.3 million to Williamsburg Montessori on April 27, 2021.
• L+M Development Partners borrowed $13 million from NYC Housing Development Corporation for 413 East 156 Street on October 15, 2020.
• L+M Development Partners borrowed $17.9 million from NYC Housing Development Corporation for 500 East 165th Street, Morrisania, Bronx on October 15, 2020.
• L+M Development Partners borrowed $5.6 million from Wells Fargo for 898 East 163 Street on September 02, 2020.