Smj Development
- Company typePrivate
- Founded2014
- HeadquartersBrooklyn, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Smj Development firmographics
Firmographics- Name
- Smj Development
- Legal name
- SMJ Development LLC
- Website
- https://smjdevelopment.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Smj Development industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116)
- SIC
- Operative Builders (1531)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Smj Development is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Smj Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D, Others
Revenue model
- Real Estate Development Fees: SMJ generates revenue through development fees earned on affordable housing projects. These fees are earned as the company manages projects from inception through completion, overseeing planning, construction, and delivery.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Smj Development product offering
Product offeringCore offering
SMJ Development is a project-based real estate developer that develops and rehabilitates affordable housing and mixed-income residential projects in New York City. The company identifies and undertakes complex affordable housing projects that other developers overlook due to perceived time or complexity constraints, managing each project from inception through planning, construction, and delivery under federal, state, and city housing programs (ELLA, PACT, M2, ANCP, SHOP, VIH, Year 15). Revenue is generated through development fees on a portfolio that has spanned preservation, rehabilitation, and new construction projects totaling over 2,000 housing units across Brooklyn, Queens, the Bronx, and Manhattan.
Product overview
SMJ Development is a real estate development company that specializes in complex affordable housing projects in New York City. The company's portfolio consists of multiple development projects including East Village ANCP (cooperative/rental housing), The Garnet (mixed-income housing), The Kira (affordable rental), St. Ann's Apartments (preservation/rehabilitation), Linden & Penn Wortman (public housing conversion), and Woodhaven ELLA (veteran/special needs housing). These projects span new construction and rehabilitation across Brooklyn, Queens, the Bronx, and Manhattan, utilizing various federal, state, and city housing programs.
Differentiator
Problem solved
Functional benefit
Products and services
- East Village ANCP (Affordable Neighborhood Cooperative Program)
- The Garnet
- The Kira
- St. Ann's Apartments
- Linden & Penn Wortman (Linden/PW PACT)
- Woodhaven ELLA
Quantifiable outcome
- Successfully completed 6-project portfolio including preservation of 90 units and new construction of 139, 120, 103, and 21 residential units across NYC
- +3 more outcomes
Companies that use Smj Development
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Smj Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Smj Development partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and secondary.
- L&M Development PartnerscoreFor-profit development partner in the Stanley Avenue Preservation LLC joint venture for the Linden/PW PACT project. Together with SMJ, Douglaston Development, and Dantes Partners, the team is transforming 1,922 units of public housing in East New York Brooklyn.
- Douglaston DevelopmentcoreFor-profit development partner in the Stanley Avenue Preservation LLC joint venture for the Linden/PW PACT project transforming public housing units.
- Dantes PartnerscoreFor-profit development partner in the Stanley Avenue Preservation LLC joint venture for the Linden/PW PACT project transforming public housing units.
- NYCHA (New York City Housing Authority)coreNon-profit partner and government housing authority in the Linden/PW PACT project. NYCHA works with the for-profit development team to modernize 21 buildings with tenants in place.
- BFC PartnerscoreFor-profit development partner on The Kira project (139 units in Jamaica, Queens). The founder previously spent over a decade at BFC Partners managing affordable housing deals.
- New Destiny HousingsecondaryNon-profit partner on The Kira project, providing affordable housing development expertise and mission alignment.
- Neighborhood RestoresecondaryNon-profit partner on the East Village ANCP project (21 units across two buildings), specializing in tenant interim lease programs.
- CAMBAsecondarySocial service partner for the Linden/PW PACT project, providing enhanced social services to the 21-building campus.
- University SettlementsecondarySocial service partner for the Linden/PW PACT project, contributing to tenant services and community programs.
- Millennium DevelopmentsecondarySocial service partner for the Linden/PW PACT project, supporting enhanced social services for residents.
- NYSAFAH (New York State Association for Affordable Housing)secondarySMJ is an active member of NYSAFAH, connecting with the broader affordable housing development community in New York State.
Scale indicators8 records
Recent moves5 records
Expansion highlights4 records
Smj Development competitors and assessment
Company assessmentDirect peers
- BRP Companies: BRP is a NYC affordable and mixed-income housing developer with a portfolio across HPD, HDC, and supportive housing programs. Comparable market positioning and program diversification.
- BFC Partners: BFC is SMJ's co-developer on The Kira and the firm where founder Juan Barahona previously spent 10+ years managing affordable housing deals. Same NYC geographic focus and multi-program affordable housing thesis.
- Monadnock Development: Monadnock is a Brooklyn-based affordable housing developer focused on sustainability, mixed-income, and preservation deals across NYC. Comparable in mission, geography, and focus on complex/under-served projects.
- Douglaston Development: Douglaston is a co-development partner with SMJ on the Linden/PW PACT conversion and operates as a for-profit affordable housing developer in NYC. Closely aligned in program selection and JV deal structure.
- Dantes Partners: Dantes Partners is the fourth member of the Stanley Avenue Preservation LLC joint venture alongside SMJ, L&M, and Douglaston. NYC-based affordable housing developer with similar program expertise.
- The Arker Companies: Arker is a NYC-based for-profit affordable housing developer with a large portfolio of HPD/HDC-financed multifamily and supportive housing projects. Comparable in program fluency and scale of NYC affordable pipeline.
- Phipps Houses: Phipps is one of NYC's largest nonprofit affordable housing developers building and managing thousands of units across the five boroughs. Directly comparable nonprofit developer using HPD/HDC programs.
- New Destiny Housing: New Destiny is SMJ's nonprofit co-development partner on The Kira and is itself a NYC affordable/supportive housing developer. Direct overlap on supportive housing and ELLA/VIH program execution.
- L&M Development Partners: L&M is SMJ's co-development partner on the $300M Linden/Penn Wortman PACT conversion and is one of NYC's largest affordable housing developers. Directly comparable as a mission-driven affordable/mixed-income developer using the same NYC HPD/HDC/NYCHA program stack.
Broad incumbents
- Related Companies: Related is a national real estate development giant with a substantial NYC affordable housing arm that participates in HPD/HDC programs. Broader incumbent that overlaps with SMJ's NYC affordable housing niche but at far greater scale and diversification.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Smj Development social profiles
Digital presenceSmj Development compliance and trust
Trust signalCompliance1 record
Smj Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Smj Development leadership team
Management profileNumber of profiles
Profiles1 record
Smj Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Smj Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Smj Development
What does Smj Development do?
SMJ Development is a project-based real estate developer that develops and rehabilitates affordable housing and mixed-income residential projects in New York City. The company identifies and undertakes complex affordable housing projects that other developers overlook due to perceived time or complexity constraints, managing each project from inception through planning, construction, and delivery under federal, state, and city housing programs (ELLA, PACT, M2, ANCP, SHOP, VIH, Year 15). Revenue is generated through development fees on a portfolio that has spanned preservation, rehabilitation, and new construction projects totaling over 2,000 housing units across Brooklyn, Queens, the Bronx, and Manhattan.
Is Smj Development a public or private company?
Smj Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Smj Development founded?
Smj Development was founded in 2014. It employs 1 to 10 people.
Where is Smj Development based?
Smj Development is headquartered in Brooklyn, United States, in the North America region.
How does Smj Development make money?
One revenue line is on record: real Estate Development Fees.
Who are Smj Development's main competitors?
Direct peers on record are BRP Companies, BFC Partners, Monadnock Development, Douglaston Development, Dantes Partners, The Arker Companies, Phipps Houses, New Destiny Housing and L&M Development Partners. Related Companies is listed as a broad incumbent.
Does Smj Development have an API?
No public API is recorded for Smj Development.
What industry is Smj Development in?
Smj Development's product category is Affordable Housing Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 236116 and its SIC code is 1531.