Gotham Organization

Gotham Organization portfolio

$212.1 million – condo 75.0%, D6 14.0%; Manhattan 83.0%, Queens 14.0%

273th largest portfolio by dollar value

1,294,268 sqft – elevator 35.0%, condo 30.0%;

258th largest by SF

16 properties – Manhattan 87%, Brooklyn 6%

141th largest

1,701 residential units – Manhattan 73.0%, Queens 26.0%

121th largest by residential units

0 foreclosures, 0 bankruptcies, 5 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $15 million

Seller company: 2 for $35.2 million

Borrower company: 2 for $244.1 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated People:

Deirdre Cronin (1), Wayne Ho (1), David L. Picket (1), Christian Adrian (1), Isidore Godinger (1)

Latest Stories:

• Blackstone buys $171.4M Goldman Sachs stake in The Suffolk in Lower East Side (May 23, 2024)

• Chinese-American Planning Council pays $20.2M to Gotham in structured LES sale (March 18, 2024)

• Gotham Organization signs $211.5M construction loan with Wells Fargo for 453-unit rental in Hell’s Kitchen (December 15, 2021)

• Gotham Organization pays $79M to Covenant House for Hell’s Kitchen dev site (November 30, 2021)

• Gotham signs $45M construction loan with Wells Fargo for LES dev site (May 17, 2021)

• Gotham Organization gets $162M construction loan from Wells Fargo for LES development (January 21, 2021)

• Gotham pays $52.2M to Chinese-American Planning Council for parcel in LES development (January 20, 2021)

• Gotham Organization buys LES development site for $12M where large project planned (January 11, 2021)

• Gotham files to demolish Covenant House residences in Clinton to make way for mixed-use project (September 04, 2020)

• Gotham Organization files plans for construction of second tower on Norfolk Street (April 13, 2020)

Litigation:

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Properties:

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