Name

Douglaston Development

Legal name

Douglaston Development LLC

Website

https://douglastondevelopment.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Building Construction (2361), Land Subdivision (23721), Land Subdivision (237210), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH), Affordable & Public Housing Asset Management (BPAJAMAI), Senior Living Property Management (BPAJAGAI)

Keywords

• Real estate development
• Affordable housing
• Luxury residential rentals
• Mixed-use developments
• Senior housing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Property Development and Sales: Douglaston Development generates revenue through developing residential properties (market-rate condominiums, rentals, affordable housing, senior housing) and selling completed units or entire developments. Revenue is realized upon sale of condominium units or stabilization of rental properties.
2. Rental Income: Market-rate and affordable rental units generate recurring rental income. Properties are managed by affiliated company Clinton Management.
3. Construction Services: Levine Builders, the affiliated construction company, provides general contracting and construction management services, contributing to project economics internally.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Douglaston Development is a New York City-based real estate development company that develops, builds, and manages market-rate luxury rental and condominium properties, affordable and mixed-income housing, senior housing, mixed-use developments, and public housing rehabilitation projects. The company operates as part of The Douglaston Companies, an integrated platform that combines development (Douglaston Development), construction (Levine Builders), and property management (Clinton Management) to deliver residential and mixed-use assets across New York City.

Product overview

Douglaston Development is a New York City-based real estate development company offering a diversified portfolio of residential and mixed-use properties. The company's core products encompass market-rate luxury rentals and condominiums, affordable and mixed-income housing, senior housing, hospitality properties, and large-scale public housing rehabilitation projects. Key brand products include 3Eleven (938-unit luxury rental in Chelsea), Level BK (554-unit waterfront rental in Williamsburg), Atlantic BK (456-unit luxury rental in Bed-Stuy), and multiple affordable housing developments. The company operates as part of The Douglaston Companies alongside Levine Builders (construction) and Clinton Management (property management), providing integrated real estate development, construction, and asset management services across New York City, with select projects in Seattle and London.

Differentiator

Problem solved

Functional benefit

Products and services

• 3Eleven 60-story, 938-unit market-rate rental tower at the intersection of West Chelsea, the High Line, and Hudson Yards in Manhattan. 75% market rate (703 units) and 25% affordable (235 units). Includes approximately 60,000 square feet of indoor and outdoor amenities and 12,000 square feet of ground floor retail.
• Level BK 40-story market rate multi-family rental tower with 554 luxury rental units on the East River waterfront in North Williamsburg, Brooklyn. Features ferry service to Midtown and Wall Street, social lounge, fitness center, outdoor pool, spa, and extensive outdoor space.
• Crossroads Plaza 425-unit phased mixed-income, mixed-use development in Mott Haven, the Bronx. Includes three affordable housing buildings, a 20,000-square-foot pedestrian plaza, three retail spaces totaling 60,000 square feet, and a children's playground. Community benefit tenants include a healthcare facility, Universal Pre-Kindergarten program, and The Foundling social services.
• 2850 Webster Ave. 188-unit affordable senior housing development in Bedford Park, Bronx adjacent to the New York Botanical Garden. 12-story, 133,000 square foot building meeting Enterprise Green Communities and Energy Star Multifamily New Construction standards, with 12,000 square feet of ground floor retail for Cherry Valley Marketplace grocer.
• Rialto West 158-unit mixed-income affordable housing development in Hell's Kitchen, Manhattan developed in partnership with the Entertainment Community Fund. Features on-site laundry, bicycle storage, fitness room, and approximately 6,000 square foot affordable rehearsal and co-working space for artists operated by IndieSpace.
• Atlantic BK 456-unit luxury multifamily rental property at 1057 Atlantic Avenue in Bed-Stuy, Brooklyn. 17-story building with fitness center, game room, lounge, golf simulator, screening room, landscaped roof deck, 31,000 square feet of ground floor retail, and underground parking garage. 137 apartments designated permanently affordable under the Affordable New York Housing Program (421-a).
• 1 North 4th Place 41-story market rate multi-family rental tower with 509 units on the East River in North Williamsburg, Brooklyn. Features living lobby, resident lounge, fitness center, roof deck, and outdoor pool. Located on a point of land extending into the East River with direct access to esplanade, waterfront parks, and ferry service.
• OHM 369-unit mixed income rental building at 30th Street and 11th Avenue in Chelsea, Manhattan. One of the first projects built after the 2005 West Chelsea rezoning. Features include 3,400-square-foot lounge, 2,100-square-foot fitness center, arcade, 4,100-square-foot garden terrace, and over 5,000 square feet of ground floor retail occupied by a fresh food market.
• 555 West 23rd Street 336-unit luxury condominium in the West Chelsea/Gallery District of Manhattan. Features stylish residences with personal medicine lock boxes, smart wiring, wall safes, fully-equipped open kitchens, wood cabinets and floors, and washer/dryers. Includes 11,000 square feet of retail including art galleries.
• 325 5th Avenue 250-unit, 50-story residential condominium tower across from the Empire State Building in Manhattan, completed in 2007. Features include two-story lobby with bamboo forest and water wall, residences with floor-to-ceiling windows and private terraces, and building amenities including 5th Avenue Club with indoor pool, fitness center, screening room, children's room, and lounge.
• 75 Greene Ave. 435-unit landmarked condominium conversion in Fort Greene, Brooklyn. Historic renovation of two buildings (the Chancery built in 1929 and Chancery Residence built in 1936) designed by Francis S. Berlenbach & Sons and Henry V. Murphy respectively. Combines traditional architecture with modern finishes and chef quality kitchens.
• Edge Condominiums 565-unit mixed-use project in Williamsburg, Brooklyn. One of the largest new construction mixed-use projects in NYC, occupying over seven acres along the East River waterfront. Features include two towers, 40,000+ square feet of amenities (indoor/outdoor pool, basketball court, golf simulator, spa), 60,000 square feet of community retail, waterfront piers with water taxi service, and 35,000 square feet of public park space. LEED Gold certified.
• Edge Community Apartments 347-unit moderate affordable housing development, the first phase of the Edge project in Williamsburg, completed in 2010. Part of the Greenpoint-Williamsburg Inclusionary Housing Program. Residents enjoy 35,000 square feet of public park space, on-site water taxi service, and riverside esplanade.
• The Curtain Hotel 120-room boutique hotel in Shoreditch, London with 76 suites, private member club facilities, lounge, spa, 24-hour fitness center, co-working space, and 6,000+ square feet of meeting/event space including ballroom and screening room. Featured Red Rooster restaurant by Marcus Samuelsson and an all-day taqueria. Hotel has been sold.
• Gansevoort Hotel - Park Avenue 249-room luxury hotel at 29th Street and Park Avenue in Manhattan's NoMad district. Features include rooftop pool and bilevel rooftop bar/lounge, onsite restaurant, spa and salon, luxury rooms and suites with Juliet balconies, and three-story atrium lobby with herringbone granite floors and Aubergine chandeliers.
• 5th & Virginia Planned 47-story mixed-use tower in the Belltown District of Downtown Seattle at 5th and Virginia Street. Anticipated to include 435 market rate multi-family rental units, two ground floor restaurants, and residential amenities including an indoor pool on the 12th floor. Project currently in development.
• Seaview 161-unit affordable senior housing development (Seaview Site C) in Todt Hill, Staten Island for seniors ages 62 and older. Two-wing 5-story building with free parking, indoor common spaces, outdoor amenities, and on-site social services provided by Staten Island Jewish Community Center. Made possible through 420(c) tax exemption, HPD SARA Program, and Low Income Tax Credits.
• Grand Concourse 94-unit affordable housing development at 2605 Grand Concourse in the Bronx. 12-story mixed-income building with Art Deco design, 5,000 square foot green roof, and on-grade parking. 25% of units affordable at or below 60% AMI, 75% affordable between 80-130% AMI.
• 2868 Webster Ave. 277-unit affordable multifamily building in the Bronx. Phase II of the NYBG ground lease project adjacent to Phase I (2850 Webster Ave.). 12-story, 250,000 square foot building with 8,000 square feet of ground floor retail (combined with Phase I to create 20,000 square foot grocery store). Residential portion serves families earning up to 80% AMI.
• Linden and Penn-Wortman Houses (Stanley Avenue Preservation) 1,922-unit public housing rehabilitation project in East New York, Brooklyn. Partnership with NYCHA to rehabilitate 24 mid- and high-rise residential towers, community center, boiler plant, and over 30 acres of grounds at Linden Houses and Penn-Wortman. $535 million transaction closed December 2021. Includes in-unit rehabilitation, mechanical upgrades, landscaping, sustainability retrofits, and carbon reduction.
• Sack Wern Houses 411-unit public housing rehabilitation project in Soundview, the Bronx. Partnership with NYCHA through Sack Wern Pact Partners (SWPP). Currently in predevelopment, focusing on 7 residential mid-rise buildings. Development plans include appliance upgrades, landscape revitalization, carbon emission reduction, upgraded security, and hazardous material abatement. Expected completion Summer 2026.

Quantifiable outcome

• Developed 938-unit 3Eleven project - Manhattan's largest new multifamily building
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Kinwood PartnerscoreStrategic or Co-development Partner · 31 October 2025Kinwood Partners, led by David Himmel, was selected by NYC EDC alongside Douglaston Development for the 590-unit Gansevoort Square project in the Meatpacking District. Kinwood is designated as an 'emerging developer' in this partnership.
• NYCHA (New York City Housing Authority)coreStrategic or Co-development Partner · 1 December 2021Douglaston Development formed Stanley Avenue Preservation partnership with NYCHA to rehabilitate and manage Linden Houses and Penn-Wortman, 1,922 units in East New York. Closed on $535 million transaction in December 2021.
• Entertainment Community FundcoreStrategic or Co-development PartnerThe Entertainment Community Fund (formerly Actors Fund) is partnered with Douglaston Development for Rialto West, an affordable housing development in Hell's Kitchen serving formerly homeless and low- to middle-income households.
• IndieSpacecoreStrategic or Co-development PartnerNon-profit organization that will operate approximately 6,000 square foot affordable rehearsal and co-working space for artists at Rialto West development.
• New York Botanical GardencoreStrategic or Co-development PartnerNYBG entered into 99-year ground leases with Douglaston Development for Webster Ave. developments (2850 and 2868 Webster Ave.), creating affordable senior and family housing adjacent to the Botanical Garden.
• Cherry Valley MarketplacecoreOthersLongstanding neighborhood grocer operating approximately 12,000-20,000 square feet of retail space at Webster Ave. developments, providing fresh food access for residents and the community.
• Fordham-Bedford Community ServicescoreStrategic or Co-development PartnerLocal housing and community development organization providing on-site social services for residents at 2850 Webster Ave. development.
• University SettlementminorStrategic or Co-development PartnerNon-profit partner providing counseling and financial literacy training as part of the Stanley Avenue Preservation NYCHA project.
• Levine BuilderscoreOthersFounding pillar of The Douglaston Companies, providing general contracting and construction management services for all Douglaston Development projects.
• Clinton ManagementcoreOthersAffiliated property management company managing the portfolio of properties developed by Douglaston Development and constructed by Levine Builders.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Related Companies: The largest privately-owned developer in NYC, with deep mixed-income and affordable housing pipelines (Hudson Yards, Abington House, etc.). Closest direct competitor to Douglaston in scale, government relationships, and integrated mixed-use execution.
• L+M Development Partners: NYC-focused affordable and mixed-income developer. Competes head-to-head for HPD/HDC/NYCHA designations and operates an integrated platform — directly analogous to Douglaston's affordable development strategy.
• Gotham Organization: Manhattan-based residential developer with both market-rate condos/rentals and affordable housing exposure. Comparable in product mix and in pursuit of mixed-use ground-up sites.
• Monadnock Development: NYC affordable and supportive housing developer participating in NYCHA preservation deals and HPD RFPs. Directly comparable in mission orientation and target segment.
• Taconic Investment Partners: NYC-focused mixed-use developer active in residential, commercial, and life-science conversions. Competes on similar mixed-income and mixed-use development RFPs.
• A&E Real Estate: NYC-based multifamily owner-operator and developer focused on rent-stabilized and market-rate residential. Overlapping segment in NYC residential with comparable rental-management orientation.

Broad incumbents

• The Durst Organization: Long-tenured NYC developer/owner-operator focused on large-scale commercial and residential (rental + condo) projects. Overlapping market-rate and rental-tenant overlap with Douglaston's portfolio.
• LeFrak: Multi-generational NYC real estate firm with large multifamily portfolio and ground-up development capability. Douglaston CEO Jed Resnick previously led real estate capital markets and acquisitions here, signaling a benchmark relationship.
• Extell Development Company: Major NYC luxury residential and mixed-use developer (One57, Central Park Tower). Comparable on the trophy market-rate/condo segment, particularly in Manhattan ground-up towers.
• Tishman Speyer: Global developer/owner of large-scale mixed-use projects with NYC landmark developments (The Spiral, etc.). Comparable in scale and integrated development-to-management operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/douglastondevelopment

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Douglaston Development