What The Daten Group does

The Daten Group LLC is a privately held, founder-led real estate investment and development firm founded in 2001 by David T. Ennis and headquartered at 276 Fifth Avenue in New York City. The firm specializes in ground-up construction, renovation, and repositioning of residential — and selectively commercial and industrial — properties across the New York metropolitan area, with a disciplined approach that targets acquisition sizes between $3M and $20M and typically runs only a handful of projects concurrently. Its delivered portfolio includes luxury condominiums (48 Laight Street, 72 Poplar Street, 575 4th Avenue, 856 Washington Street) and luxury rental buildings (840 Fulton Street, 600 Harrison Street in Hoboken, and the flagship 540 Waverly Avenue — a 135-unit asset completed in 2022), with notable joint ventures alongside Lighthouse Enterprises LLC (White Plains portfolio) and Valryian Development Partners (856 Washington), and marquee institutional financing from SL Green, H.I.G. Realty Credit Partners, CBRE and Valley National Bank.

The business model blends two revenue mechanics. First, a development-for-sale stream captures gains on completed condominiums and portfolio dispositions (e.g., the 2018 White Plains portfolio sale to a private investor, and 1462 2nd Avenue sold in 2015). Second, a stabilized rental-income stream now generates recurring cash flow from the 540 Waverly, 840 Fulton, and 600 Harrison assets — collectively roughly 220 units — supplemented by ground-floor retail and a 421A affordable housing component at 840 Fulton Street. GTM is sales-led and relationship-driven: the firm identifies undervalued assets directly, underwrites with its principal and a small 1–10 person team (including Director of Acquisitions Craig Rosenman and CFO Courtney Stephenson), and either invests as sole principal or enters joint-venture arrangements; rental units are distributed via the company website and third-party listing platforms such as Apartments.com, StreetEasy, and MNS.com.

Pricing is not publicly disclosed and varies by deal, with financing structured individually per project (construction loans from banks, refinancing via private credit). The firm has no proprietary technology platform, no app, and no disclosed AI/ML capability — its competitive position rests on Ennis's 30-year industry tenure, a 23+ year track record, and a reputation for project execution integrity that supports repeat institutional capital access.

Name

The Daten Group

Legal name

The Daten Group LLC

Website

https://datengroup.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

The Daten Group is a privately held, founder-led real estate investment and development firm founded in 2001 that acquires, develops, and manages luxury residential rental and condominium properties across the New York and New Jersey metropolitan area.

Ownership category

akta.pro rank

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, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Property Development and Sales: The company generates revenue through ground-up development and renovation of residential, commercial, and industrial properties. Properties are sold upon completion or stabilization as part of portfolio sales.
2. Residential Rental Income: Revenue generated from rental properties including 540 Waverly Avenue (135 units), 840 Fulton Street (39 units), and 600 Harrison Street Hoboken (46 units). Properties feature amenities such as doorman services, gyms, and roof decks.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

The Daten Group is a full-service real estate investment and development firm that acquires, develops, and operates residential properties in the NY/NJ metropolitan area. The company specializes in ground-up construction, renovation, and property repositioning of multifamily rental buildings and boutique condominiums, deploying capital as sole principal or through joint-venture arrangements with acquisition targets in the $3M–$20M range.

Product overview

The Daten Group is a full-service real estate investment and development firm specializing in residential properties throughout the New York metropolitan area since 2001. The company focuses on ground-up construction, renovation, and property repositioning. Their portfolio includes luxury residential rental properties (540 Waverly Avenue, 840 Fulton Street, 600 Harrison Street), residential condominiums (575 4th Avenue, 72 Poplar Street, 48 Laight Street), and mixed-use commercial/residential developments. The company operates as a sole principal or through joint-venture arrangements and targets acquisition sizes from $3M to $20M.

Differentiator

Problem solved

Functional benefit

Products and services

• 540 Waverly Avenue Luxury 135-unit multifamily rental building in Clinton Hill, Brooklyn featuring doorman services, full gym, pet spa, indoor lounge and gameroom, two roofdeck lounges, and onsite parking. Targeted at high-income residential renters.
• 575 4th Avenue Luxury 70-unit residential condominium in Park Slope, Brooklyn with imported custom finishes by an award-winning interior designer, roof deck with Manhattan views, concierge, private outdoor park, lounge, kids playroom, music room, gym, and onsite parking. Unit sizes range from 1,000 SF to over 2,700 SF. Targeted at affluent individual condominium buyers.
• 840 Fulton Street 39-unit luxury residential rental building in Clinton Hill, Brooklyn developed from a former gas station site. Features include virtual/cyber doorman, gym, lounge, outdoor roofdeck, and onsite storage. Twenty percent of units are affordable under the 421A program.
• 600 Harrison Street 46-unit multi-family luxury rental building on the Hudson River in Hoboken, NJ. Features modern finishes, gym, outdoor deck, parking, and cyber-doorman, with NYC skyline views. Targeted at high-income renters commuting to Manhattan.
• 72 Poplar Street Landmark-designated redevelopment in Brooklyn Heights converting a former police precinct into 13 family-sized condominium apartments plus a free-standing ultra-luxury 3-story townhouse. Construction financed by Valley National Bank.
• 48 Laight Street Boutique NYC Landmark-approved condominium in Tribeca, Manhattan featuring 9 custom-designed homes. Daten's first ground-up development in the NYC market, completed in 2005-2006, and 100% pre-sold during construction.

Named customers7 records

Segments4 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Lighthouse Enterprises LLCcoreStrategic or Co-development PartnerJoint-venture development partner with Daten Group on multiple White Plains projects including 40-42 Waller Avenue (24-unit mixed-use building), 10 Dekalb Avenue (56-unit luxury residential), and 112 North Broadway (23-unit apartment building). Properties sold in 2018 as part of portfolio sale.
• Valryian Development PartnersminorStrategic or Co-development PartnerProject partner with Daten for 856 Washington Street in Prospect Heights - a 14-story 26-unit condominium with luxury finishes and sweeping NYC sightlines. Closings began in 2020 with final apartment selling in 2023.
• Blumenfeld Development GroupminorStrategic or Co-development PartnerJoint venture partner for 1753 Park Avenue in East Harlem - a 30,000 square foot commercial building built in 2008. Building is currently 100% occupied by original tenants Fat Witch Bakery and Safe Horizon.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• L+M Development Partners: NYC-based affordable and market-rate multifamily developer with deep involvement in NY 421A and other affordable housing programs. Directly comparable given reliance on 421A tax abatements and similar multifamily development product.
• Extell Development Company: NYC-focused luxury residential and mixed-use developer known for high-end ground-up condominium and rental developments in Manhattan and Brooklyn. Direct peer given similar product type (luxury condos, ground-up construction, repositioning) and overlapping submarkets.
• Two Trees Management: Brooklyn-based residential and commercial developer best known for the Domino Sugar Factory project and DUMBO. Direct comparable given similar focus on Brooklyn multifamily rental/condo ground-up development and value-add repositioning.
• The Brodsky Organization: Privately-held NYC real estate developer and owner focused on multifamily residential, mixed-use, and office properties in Manhattan and Brooklyn. Highly comparable in asset class focus (multifamily rentals, condos, ground-up + value-add) and New York metropolitan submarket overlap.
• Gotham Organization: NYC-based developer of luxury residential rental, condo, and mixed-use properties, with major projects in Manhattan and Brooklyn. Comparable in luxury multifamily and ground-up development focus.
• BFC Partners: NYC-based developer of affordable, mixed-income, and market-rate multifamily housing across the five boroughs. Comparable given similar product type (multifamily rentals, mixed-use) and shared reliance on NYC affordable housing programs.
• Naftali Group: NYC-focused residential and mixed-use developer active in Manhattan and Brooklyn luxury condo and rental development. Direct peer given product type and target submarket overlap.
• The Clarett Group: NYC-based real estate development and investment firm focused on ground-up residential and mixed-use projects. Comparable in scale band, product type, and New York metropolitan submarket focus.
• Taconic Investment Partners: NYC-focused real estate investment and development firm operating multifamily, office, and mixed-use assets. Comparable in product mix (residential rentals, ground-up, value-add repositioning) and geographic concentration in Manhattan and Brooklyn.

Broad incumbents

• The Related Companies: One of the largest privately-held real estate developers in the U.S. with significant NYC residential (Affordable + market rate), commercial, and mixed-use development activity. Comparable in product type (luxury residential rentals, condos) and market (Manhattan, Brooklyn), but operates at vastly greater scale with institutional capital structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/daten-group-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 The Daten Group