Episode 028: Jeff Levine

Introduction:


Today it is my honor to have as our guest the founder and
chairman of Douglaston Development, Levine Builders and Clinton
Management - yes, my real estate brethren - the Brooklyn born and
legendary ... and of course effervescent, Jeff Levine. A true
renaissance man, Jeff is someone who not only has made a lasting
imprint on the affordable, senior and market rate housing markets
both here in New York as well as nationally, but also a man who
strives for balance in life, given his commitment to family and
the lasting impact he has made in the community. Playing off of a
song title of The Rolling Stones, “Time Is [not] on My Side” to
describe the seemingly countless awards that Jeff has received
for making a difference, but with that said, it is my pleasure to
introduce to you the Real Estate Board of New York’s 2016
recipient of the Kenneth R. Gerrety Humanitarian Award.



Episode Notes:


At 2:14, Jeff Levine discusses growing up in Brooklyn, and how,
by replying to a 2-line classified ad in the New York Times, he
truly “started from the bottom.” At 4:23, Jeff talks about adding
value, as well as creating relationships with vendors, lenders
and professionals that “make it right.” At 5:47, Levine suggests
that one must have a high threshold for aggravation in
development, and must survive his or her (and not repeat) past
mistakes. At 7:28, he touches upon the process of development
being a 3-legged stool. At 9:16, Jeff speaks about passion,
commitment and the sense of accomplishment he feels in creating
something. At 10:24, Levine believes that reputation is something
that is well deserved. At 11:53, he dives into the companies that
sit under The Douglaston Companies umbrella: Douglaston
Development, Levine Builders, and Clinton Management, as well as
the importance in hiring the right people and delegation. At
14:59, Levine shares a few thoughts about his youth growing up
living in NYC housing projects, and his thoughts on affordable
housing. At 16:38, he talks about Sam LeFrak and shares a story
from his childhood. At 18:11, Jeff notes the critical components
needed in residential buildings in order to seduce and attract
tenants. At 20:43, Levine mentions his respect for, and for those
who put in, a hard day’s work. At 22:27, Jeff touches upon making
a difference in the public housing sector. At 23:56, he discusses
NYCHA. At 25:53, Levine touches upon owning neighborhood retail
centers which serve the community. At 27:39, he provides his
thoughts on Amazon recently backing out of its planned LIC
headquarters. At 29:24, Jeff imparts his love of NYC’s
unparalleled charm and diversity in culture. At 31:06, Levine
dishes on why Douglaston Development has not made any
acquisitions in NYC over the past 5 years. At 33:11, Jeff touches
upon the correlation between hard work and good luck. At 34:58,
Jeff conveys his thoughts on the connection between success and
passion. At 36:36, Jeff Levine closes out the podcast with a
message on how he would like to be remembered.