David Dishy
Ceo
LMXD
(L+M Development Partners)
Owner
2 Park Avenue, Floor 23 New York, NY 10016
LMXD NYC portfolio
$7.8 billion -elevator 50%, condo 14%, development 12%; Manhattan 44%, Brooklyn 25%, Queens 15%*
34th largest portfolio by dollar value
23,566,604 sqft – elevator 70%, walkup 11%, condo 10%; Manhattan 39%, Brooklyn 38%, Bronx 13%
17th largest by SF
277 properties – Manhattan 51%, Brooklyn 35%, Bronx 8%
13th largest
24,922 residential units – Manhattan 40%, Brooklyn 39%, Bronx 9%
7th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Notes
LMXD is an affiliate of L+M Development Partners
Person Activity past 24 months:
Buyer signatory: 4 for $59.5 million
Seller signatory: 1 for $17.8 million
Borrower signatory: 2 for $166.6 million
Lender signatory: 1 for $200 million
Developer (new building or major alteration): 12 for 497,823 square feet
Top Ten Associated Companies:
NYS Housing Finance Agency (2), Estates of Beatrice and Faye Altschuler (2), Joseph Klyde (2), King Kullen (2), L+M Development Partners (1), AAG Management (1), PCCP (1), Bank OZK (1), Prime Finance (1), Harlem Children’s Zone (1)
Top Ten Associated People:
Julie M. Behrens (2), Joseph Klyde (2), Bernard P. Kennedy (2), Arnold Gumowitz (1), Nancy Zane (1), Joan Altschuhler (1), Jon W. Brayshaw (1), Kwame Owusu-Kesse (1), Michael E. Rosenberg (1)
Recent activity as signatory:
• King Kullen sold 35-10 Steinway Street, Astoria, Queens for $32.7 million to LMXD on July 27, 2026.
• King Kullen sold None for $20.3 million to LMXD on July 27, 2026.
• LMXD borrowed $200 million from New York Life Insurance Company for None on July 27, 2026.
• 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, 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.
• L+M Development Partners, Goldman Sachs and Taconic Partners borrowed $91.1 million from NYS Housing Finance Agency for 3862 9 Avenue on August 04, 2022.
• L+M Development Partners, Goldman Sachs and Taconic Partners borrowed $172.3 million from NYS Housing Finance Agency for 407 West 206 Street on August 04, 2022.
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)