Steven Charno

(Steve Charno)

Douglaston Development

Developer, Owner

Douglaston Development portfolio

$654.4 million* – elevator 91.0%, development 5.0%; Brooklyn 50.0%, Manhattan 44.0%

87th largest portfolio by dollar value

2,969,766 sqft – elevator 90%, walkup 3%;

113th largest by SF

18 properties – Bronx 38%, Brooklyn 38%

497th largest

3,210 residential units – Brooklyn 47%, Manhattan 32%

56th largest by residential units

Person Activity past 24 months:

Buyer signatory: 2 for $124.5 million

Borrower signatory: 1 for $270.5 million

Developer (new building or major alteration): 42.0 for 393,061 square feet

Top Ten Associated Companies:

Valeray Real Estate (2), MSD Partners (1)

Top Ten Associated People:

Marjorie E. Nesbitt (2)

Recent activity as company:

Douglaston Development borrowed $270.5 million from MSD Partners for 170 East 83rd Street and 175 East 82nd Street, Carnegie Hill, Manhattan on June 07, 2024.

Valeray Real Estate sold 170 East 83rd Street, Carnegie Hill, Manhattan for $10 million to Douglaston Development on June 07, 2024.

Valeray Real Estate sold 175 East 82nd Street, Carnegie Hill, Manhattan for $114.5 million to Douglaston Development on June 07, 2024.

Steven Charno filed plans for new building for 245,337 sqft in Manhattan, on February 26, 2024.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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