Our success is rooted in our understanding of the development process and our application of creative solutions to complex situations. Whether navigating the technicalities of land assemblage, leasing up vacant properties, crafting financing solutions, or negotiating with governmental agencies over zoning and environmental issues, our experience and attention to detail enable us to achieve successful results. 

BROOKLYN COMMUNITY LANDS $63M REFINANCING

March 7, 2023 | PRESS RELEASE

H.I.G. Realty Credit Partners originated the loan on behalf of The Daten Group.

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540 WAVERLY AVENUE COMPLETES CONSTRUCTION IN CLINTON HILL, BROOKLYN

March 7, 2023 | PRESS RELEASE

Construction is complete on 540 Waverly Avenue, a nine-story residential building in Clinton Hill, Brooklyn.

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SL GREEN LENDS $59M FOR MIXED-USE BROOKLYN PROJECT 

January 22, 2020 | PRESS RELEASE

The Daten Group has landed $58.5 million in financing from SL Green for a mixed-use building Daten is planning in Clinton Hill, the company announced Tuesday.

The firm purchased 540 Waverly Avenue from Verizon in December for $17.25 million. It plans to build a nine-story apartment building at the site with 6,000 square feet of retail space and a 56-car enclosed parking garage.

The project will stand 95 feet tall and span 117,000 square feet including 91,900 square feet of residential space. Of its 135 rental units, 95 will be market-rate.

Construction should begin this spring and finish in mid 2022, according to the Daten Group. Daten has also worked on Brooklyn projects at 840 Fulton Street in Clinton Hill, 575 Fourth Avenue in Park Slope, 72 Poplar Street in Brooklyn Heights and 856 Washington Street in Prospect Heights.

As reported by The Real Deal

DATEN GROUP CLOSES ON 540 WAVERLY AVENUE

January 17, 2020 | PRESS RELEASE

The Daten Group has closed on 540-554 Waverly Avenue in the Clinton Hill neighborhood of Brooklyn this week according to city records.

The commercial real estate lot was sold by Verizon New York, Inc. for a sticker price of $17.5 million.

Daten has consolidated the zoned lots on the block that runs adjacent to Atlantic Avenue and Clinton Avenue.

A new nine-story mixed use building will be built on what was an under utilized parking lot. The building will yield 91,900 s/f for residential space with ample low-income housing as part of the development with an additonal 6,400 s/f of commercial space. This will yield a total of 135 residential units with 40 of those being reserved for low-income housing. Additionally, the plans include 56 enclosed parking spaces. SL Green Realty provided financing for the project.  

Daten expects to start demolition of a small existing building on lot in the next month with construction to follow closely after that.

40-42 Waller Avenue, White Plains, NY

Located in a revitalized part of downtown White Plains, Daten and Lighthouse Enterprises LLC constructed a 24-unit, 4-story mixed-use building with 2,100 square feet of retail on the ground floor, accompanied by 25 on-grade parking spaces. The apartments were designed with a contemporary feeling featuring gourmet kitchens with quartz countertops and clean-line fixtures. Purchased at the end of 2012, construction was completed in 2015 and the property was sold in 2018 as part of a portfolio sale. 

10 Dekalb Avenue, White Plains, NY

10 Dekalb Avenue, White Plains, NY is a 56-unit, 5-story luxury residential apartment building with 76 parking spaces. The building features a doorman/concierge, kids playroom, gym, lounge and outdoor spaces. Daten and Lighthouse Enterprises LLC, as part of a joint-venture development, acquired the property in 2013 and construction was completed in 2016. The building was sold in 2018 as part of a portfolio sale.

112 North Broadway, White Plains, NY

Located near downtown White Plains, Daten and Lighthouse Enterprises LLC began construction on this 23-unit, 3-story apartment building in December 2013. Accompanied by 3,000 square feet of amenity space, the apartments featured gourmet kitchens with quartz countertops and contemporary fixtures. Completed in 2015, the property was sold in May 2018 as part of a portfolio sale.

540 Waverly Avenue, Clinton Hill, NY

Located in Clinton Hill, Brooklyn adjacent to the Pacific Park and Barclays Center developments, Daten purchased this site from Verizon in 2019 and commenced construction on a 135-unit rental building in October 2020.  The project was completed on-time and on-budget with the first occupancy of residents occurring in October 2022.  The building features a doorman/concierge, two roof decks, gym, live-work lounge, pet washing station and onsite parking.

 

856 Washington Street, Prospect Heights, NY

Daten, with project partner Valryian Development Partners, acquired 856 Washington in January 2015 and subsequently purchased air-rights from the neighboring property. This allowed for construction of a 14-story 26-unit condominium with luxury finishes and sweeping sightlines of NYC. Closings began in 2020 with the final apartment selling in 2023. 

Architectural Concept Drawing of Future Building, Featuring Sleek Design and Eco-Friendly Elements

575 4th Avenue, Park Slope, NY

In November 2015, Daten acquired several vacant parcels in Park Slope to develop into 70 residential condominium units with street-level retail stores and an on-site parking garage. Each apartment has been completed with imported custom finishes designed by an award-winning interior design architect. The building’s first-class amenity package includes an outdoor park and separate roof deck lounge, gym, yoga room, music studio, children’s playroom and indoor lounge.

New Apartment Building on Street Corner, Modern Design With Large Windows

840 Fulton Street, Clinton Hill, NY

In 2019, Daten completed this ground-up development of a former gas station site into a 39-unit luxury residential rental building. The building features contemporary finishes with amenities that includes a gym, rooftop deck with sweeping views of Brooklyn and Manhattan, live-work lounge, storage units and a cyber doorman. The building was completed under New York’s 421A program which, sets aside twenty (20%) percent of the units for affordable living while providing a 25-year RE Tax abatement.

Building In 600 Harrison Street Hoboken New Jersey

600 Harrison Street, Hoboken, NJ

Located on the Hudson River in Hudson County, NJ, Hoboken is a 1-square mile city with unparalleled views and access to Manhattan. In 2018, Daten completed construction on this 46-unit multi-family rental building utilizing a local architect to create a unique and well received design on both the interior finishes and exterior façade. The building features modern finishes, gym, outdoor deck, parking and cyber-doorman.    

An Urban High-Rise Featuring a Multitude of Windows

1462 2nd Avenue, Upper East Side, NY

Purchased in February 2011, this 5-story walk-up building is well located on 2nd Avenue just off 76th St. in the heart of the renowned Upper East Side.  The building was completely gut-renovated with all new services and interiors and the vacant retail space was leased to The Meatball Shop. Upon completion and stabilization, the property was sold in July 2015 to a private investor.

A Tall Building With Numerous Windows, Reflecting Sunlight

63 West 38th Street, Bryant Park, NY

In July 2004, Daten acquired an under-performing 1920’s era office building in midtown Manhattan consisting of 130,000 square feet with an additional 40,000 square feet of development rights. Daten created a development plan that consisted of vacating the entire building through lease cancellations and buyouts to redevelop the asset as a mixed-use commercial and residential condominium. The plan entailed sophisticated engineering to add six additional floors to the existing 12-story structure. Daten subsequently sold the asset to a hotel developer in 2007.

1753 Park Avenue, East Harlem, NY

Located on Park Avenue between 121st and 122nd Streets, this 30,000 square foot commercial building was built in 2008 by Daten in a joint venture with Blumenfeld Development Group. The building is currently 100% occupied by its original tenants, Fat Witch Bakery and Safe Horizon.

A Street With a Building and a Tree on Opposite Sides.

72 Poplar Street, Brooklyn Heights, NY

Acquired in May 2011, this NYC Landmark Designated 100-year old former police precinct was redeveloped into thirteen family-sized condo apartments while the adjoining “horse and carraige” stable was completly rebuilt as a free standing ultra-luxury 30′ wide 3-story townhouse. This complicated conversion required approvals from the NYC Landmarks Commission and involved preserving and restoring and the front facade while completely demolishing the rear and interior of the 3-story heavy timber building and rebuilding it into a 5-story steel and concrete structure. To create legal light and air for the rear facing apartments, the building was pulled in by eight feet. This thoughfully designed project sold out during construction at record prices with the first move-ins occurring in Q4 2015. Valley National Bank provided the construction financing. 

48 Laight Street, Tribeca, NY

Acquired in 2002, 48 Laight Street was Daten’s first ground-up development in the NYC market. Located in the historic neighborhood of Tribeca, this boutique NYC Landmark approved condominium featured 9 custom designed homes. The building was well received as it was 100% pre-sold during construction with apartments delivered in 2005-2006. 

600 Harrison Street, Hoboken, NJ

Located in Hoboken, NJ, this boutique 46-unit luxury apartment complex offers modern finishes, onsite parking, gym, outdoor recreation space and views of the NYC skyline. The building features 1-bed, 2-bed and 3-bed apartments with several different layout styles.

840 Fulton Street, Brooklyn NY

Located in one of Brooklyn’s most dynamic neighborhoods – Clinton Hill, 840 Fulton is a boutique residential rental building developed by Daten and completed in 2019.  Containing 39 apartment units with a mix of sizes and layouts, the building features a virtual doorman, gym, lounge, outdoor roofdeck and onsite storage.   

540 Waverly Avenue, Brooklyn, NY

540 Waverly is The Daten Group’s newest luxury rental property. Located in the bustling Clinton Hill neighborhood of Brooklyn, this modern 135-unit building features amenities such as doorman services, full gym, pet spa, indoor lounge and gameroom, two roofdeck lounges and onsite parking.  Located near the Clinton-Washington Avenue subway station, serviced by the C train, 540 Waverly has close proximity to the BAM Cultural District, the Barclays Center, Downtown Brooklyn, Prospect Park, the Brooklyn Museum and the Brooklyn Botanic Garden and will appeal to those who seek a live-work-play lifestyle within New York’s most dynamic borough.

575 4th Avenue, Brooklyn, NY

Located in Park Slope, this luxury condominium was completed by Daten in 2020.  With 70 exquisitely designed apartments ranging from 1,000 SF to just over 2,700 SF, the building contains an unrivaled amenities package for the residents. It features a roofdeck with sweeping views of the harbor from the Statue of Liberty to Midtown Manhattan; concierge; private outdoor park with large “green space”; lounge; kids playroom; music room; gym and, onsite parking garage.    

540 Waverly Avenue, Brooklyn, NY

540 Waverly is Daten’s newest luxury rental property. Located in the bustling Clinton Hill neighborhood of Brooklyn, this modern 135-unit building features amenities such as doorman services, full gym, pet spa, indoor lounge and gameroom, two roofdeck lounges and onsite parking.  Located near the Clinton-Washington Avenue subway station, serviced by the C train, 540 Waverly has close proximity to the BAM Cultural District, the Barclays Center, Downtown Brooklyn, Prospect Park, the Brooklyn Museum and the Brooklyn Botanical Garden and will appeal to those who seek a live-work-play lifestyle within New York’s most dynamic borough.

540 WAVERLY AVENUE, BROOKLYN NY

600 Harrison Street, HOBOKEN NJ

David Ennis

DAVID T. ENNIS

Founder and Principal

David T. Ennis is a 30-year industry veteran who started his career in real estate working for a Miami based RE development firm.  From there, he joined a NY based RE group working on acquisitions and new development prior to forming the Daten Group LLC in 2001.  Under David’s watchful eye, the company has built a reputation as a prudent investor in the super-competitive NYC market. He is involved in several notable charities and real estate organizations and is a 1990 graduate of the University of Miami’s Business School with a BA in Finance and a minor in Real Estate.

Craig Rosenman

CRAIG ROSENMAN

Director of Acquisitions

After serving as Principal of Stuyvesant Fuel Service Corp., Mr. Rosenman joined Daten in 2009. He now heads up Acquisitions through the implementation of Daten’s first real estate fund. The fund focuses on purchasing strategic and undervalued assets in the New York City metropolitan area. Craig is an NYU graduate with a Masters in Real Estate from NYU’s Schack Institute of Real Estate.  

Stephenson

COURTNEY STEPHENSON

Chief Financial officer

Courtney started in real estate working at a family office in Virginia engaged in lot development and revitalizing dated office properties. In 2009 he moved to New York working in a similar capacity and attending classes at NYU. In 2011 he joined The Daten Group as an analyst and now oversees the financial activities of all Daten projects as its CFO. Courtney is a 2005 graduate of Virginia Tech holding a degree in Finance and Accounting.

The Daten Group Team

David Ennis

DAVID T. ENNIS, Founder and Principal

Craig Rosenman

Craig Rosenman, Director of Acquisitions

Stephenson

Courtney Stephenson, Chief Financial officer

DAVID T. ENNIS, Founder and Principal

DAVID T. ENNIS, Founder and Principal  

David T. Ennis is a 30-year industry veteran who started his career in real estate working for a Miami based owner/developer.  From there, he joined a NY based developer working on acquisitions and new development prior to forming the Daten Group LLC in 2001.  Under David’s watchful eye, the company has built a reputation as a prudent investor in the super-competitive NYC market. He is involved in several notable charities and real estate organizations and is a 1990 graduate of the University of Miami’s Business School with a BA in Finance and a minor in Real Estate.

 

CRAIG ROSENMAN, Director of Acquisitions and Principal

After serving as Principal of Stuyvesant Fuel Service Corp., Mr. Rosenman joined Daten in 2009. He now heads up Acquisitions through the implementation of Daten’s first real estate fund. The fund focuses on purchasing strategic and undervalued assets in the New York City metropolitan area. Craig is an NYU graduate with a Masters in Real Estate from NYU’s Schack Institute of Real Estate.  

COURTNEY STEPHENSON, Chief Financial Officer

Courtney started in real estate working at a family office in Virginia engaged in lot development and revitalizing dated office properties. In 2009 he moved to New York working in a similar capacity and attending classes at NYU. In 2011 he joined The Daten Group as an analyst and now oversees the financial activities of all Daten projects as its CFO. Courtney is a 2005 graduate of Virginia Tech holding a degree in Finance and Accounting.

 

Architectural Concept Drawing of Future Building, Featuring Sleek Design and Eco-Friendly Elements

575 4th Avenue, Brooklyn NY

New Apartment Building on Street Corner, Modern Design With Large Windows
840 Fulton Street Clinton Hill, NY

840 FULTON STREET, BROOKLYN NY

600 Harrison Street, HOBOKEN NJ

600 Harrison Street, HOBOKEN NJ

A Modern Apartment Building With Lights Shining Against a Dark Sky at Dusk
600 Harrison Street Hoboken, NJ

600 Harrison Street, HOBOKEN NJ

Proposed Building on Street Corner, Contemporary Architecture
P4

540 WAVERLY AVENUE, BROOKLYN NY

THE DATEN GROUP TO BUILD 135-UNIT MIXED-USE RENTAL BUILDING IN CLINTON HILL, BROOKLYN
SL GREEN PROVIDES $58.5M in FINANCING 

New York, NY – Jan. 22, 2020 — The Daten Group announced plans to build a nine-story,135-unit mixed-use rental building at 540 Waverly Avenue in Clinton Hill, Brooklyn at the intersection of Atlantic & Waverly Avenues. The 24,000 square foot site will also feature 6,000 square feet of retail and a 56-car enclosed parking garage. The developer purchased the site — located just outside the Pacific Park redevelopment area — from Verizon New York for $17.25 million in December 2019. According to the developer, Verizon retained a building on the site while selling its underutilized parking lot and storage buildings. It is expected that Verizon will continue to use its portion of the property as a central office.

SL Green Realty Corp. (NYSE: SLG) provided $58.5 million in financing towards the project. The proposed 95-foot-tall development totals 117,000 square feet with 91,900 square feet of residential space. The project will contain 40 affordable apartments, as part of the Affordable New York and Voluntary Inclusionary Housing programs. The remaining 95 apartments will be market rate, and with an abundant amenity package, are expected to be in high demand.

“This is a core project for the Daten Group as we are focused on residential developments with a strong emphasis on Brooklyn,” said Daten Group’s President David Ennis. “We just completed (840 Fulton Street), a similar building a few blocks from 540 Waverly, and we see brisk rental activity and tremendous potential in this vibrant and growing neighborhood. We are confident this building with condo-level amenities will be well received when it comes to market in 2022.” The Daten Group has hired Daniel Bernstein of Kutnicki Bernstein Architects as the architect of record for the new building.

Construction for 540 Waverly is scheduled to commence in the spring of 2020 with an anticipated completion date of mid-2022. The lot is located near the Clinton-Washington Avenue subway station, serviced by the C train.The Building also has close proximity to the BAM Cultural District, the Barclays Center, Downtown Brooklyn, Prospect Park, the Brooklyn Museum and the Brooklyn Botanic Garden and will appeal to those who seek a live-work-play lifestyle within New York’s most dynamic borough.