Jed Resnick
Chief Executive Officer
Douglaston Development
(Levine Builders, Clinton Management)
7 Penn Plaza, Suite 600 New York, NY 10001
42-09 235th Street, Douglaston, NY 11363
Douglaston Development NYC portfolio
$2.7 billion -elevator 74%, industrial 11%, retail 7%; Brooklyn 47%, Manhattan 38%, Bronx 14%*
101th largest portfolio by dollar value
5,221,663 sqft – elevator 89%, D6 4%, condo 2%; Brooklyn 62%, Manhattan 26%, Bronx 11%
94th largest by SF
28 properties – Brooklyn 55%, Bronx 24%, Manhattan 20%
418th largest
5,317 residential units – Brooklyn 64%, Manhattan 22%, Bronx 12%
68th largest by residential units
Person Activity past 24 months:
Borrower signatory: 3 for $706 million
Top Ten Associated Companies:
NYC Housing Development Corporation (6), New York Botanical Garden (2), Wells Fargo (2), New York City Housing Authority (1), Investors Bank (1), M&T Bank (1), BankUnited (1), BEB Capital (1), Ofer Cohen (1), Tucker Reed (1)
Top Ten Associated People:
J.V. Cossaboom (2), Jonathan Gouveia (1), Ruth Moreira (1), Ingrid Alfred (1), Lee J. Brodsky (1), Ofer Cohen (1), Tucker Reed (1), Aldin Reynolds (1), Brian Cheigh (1)
Recent activity as signatory:
• 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 $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.
• Douglaston Development borrowed $106.8 million from NYC Housing Development Corporation for 513 West 48 Street on February 02, 2024.
• Douglaston Development and Ares Management borrowed $185 million from Wells Fargo, M&T Bank and BankUnited for 1051 Atlantic Avenue on May 26, 2023.
• BEB Capital, Ofer Cohen, Tucker Reed and Vivian Liao sold 1051 Atlantic Avenue for $65 million to Douglaston Development and Ares Management on May 26, 2023.
• New York City Housing Authority ground leased Linden houses valued at $13.7 million to L+M Development Partners on December 28, 2021.
• L+M Development Partners borrowed $391 million from NYC Housing Development Corporation for Linden houses on December 28, 2021.