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%*
78th largest portfolio by dollar value
4,971,258 sqft – elevator 94%, condo 2%, walkup 2%; Brooklyn 65%, Manhattan 22%, Bronx 12%
80th largest by SF
28 properties – Brooklyn 55%, Bronx 24%, Manhattan 20%
354th largest
5,087 residential units – Brooklyn 67%, Manhattan 19%, Bronx 13%
48th largest by residential units
Person Activity past 24 months:
Borrower signatory: 5 for $1.1 billion
Top Ten Associated Companies:
NYC Housing Development Corporation (6), Wells Fargo (2), New York Botanical Garden (2), M&T Bank (1), BankUnited (1), BEB Capital (1), Ofer Cohen (1), Tucker Reed (1), Vivian Liao (1), Investors Bank (1)
Top Ten Associated People:
J.V. Cossaboom (2), Ingrid Alfred (1), Lee J. Brodsky (1), Ofer Cohen (1), Tucker Reed (1), Aldin Reynolds (1), Brian Cheigh (1), Jonathan Gouveia (1), Ruth Moreira (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.