Gotham Organization
People:
Gotham Organization portfolio
$212.1 million* – condo 75.0%, D6 14.0%; Manhattan 83.0%, Queens 14.0%
289th largest portfolio by dollar value
1,294,268 sqft – elevator 35.0%, condo 30.0%;
269th largest by SF
16 properties – Manhattan 87%, Brooklyn 6%
547th largest
1,701 residential units – Manhattan 73.0%, Queens 26.0%
131th largest by residential units
0 foreclosures, 0 bankruptcies, 5 other court cases.
Company Activity past 24 months:
Buyer company: 4 for $465.4 million
Seller company: 3 for $206.6 million
Borrower company: 5 for $687.4 million
Top Ten Associated Companies:
Wells Fargo (5), Chinese-American Planning Council (2), Gotham Organization (2), Covenant House (1), A&R Kalimian Realty (1), MF1 Capital (1), Christian Cultural Center (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), (1)
Top Ten Associated People:
Deirdre Cronin (1), Albert Kalimian (1), Wayne Ho (1), James Halek (1), Patrick Love (1), David L. Picket (1), Christian Adrian (1), Isidore Godinger (1)
Recent activity as company:
• Gotham Organization borrowed $43.5 million from Wells Fargo for 550 10th Avenue, 550 10th Avenue, 475 West 40th Street, and 470 West 41st Street, Hudson Yards, Manhattan on September 25, 2024.
• Goldman Sachs and Gotham Organization sold 55 Suffolk Street and 55 Suffolk Street, Lower East Side, Manhattan for $171.4 million to Blackstone Group and Gotham Organization on May 22, 2024.
• Gotham Organization borrowed $200.6 million from Wells Fargo for 55 Suffolk Street and 55 Suffolk Street, Lower East Side, Manhattan on May 16, 2024.
• Gotham Organization sold 199 Broome Street, Lower East Side, Manhattan for $15 million to Gotham Organization on May 15, 2024.
• Gotham Organization, Christian Cultural Center and Monadnock Development borrowed $217.4 million from NYS Housing Finance Agency and NYC Department of Housing Preservation and Development for 30 Inspiration Lane, East New York, Brooklyn on April 08, 2024.
• Christian Cultural Center sold N/A Flatlands Avenue, East New York, Brooklyn for $13.9 million to Gotham Organization, Christian Cultural Center and Monadnock Development on April 01, 2024.
• Carlyle Group and Gotham Organization borrowed $216 million from MF1 Capital for 150 Amsterdam Avenue, 150 Amsterdam Avenue, and 150 Amsterdam Avenue, Lincoln Square, Manhattan on March 22, 2024.
• Gotham Organization sold 207 Broome Street, Lower East Side, Manhattan for $20.2 million to Chinese-American Planning Council on March 15, 2024.
• A&R Kalimian Realty sold 150 Amsterdam Avenue, 150 Amsterdam Avenue, and 150 Amsterdam Avenue, Lincoln Square, Manhattan for $265 million to Carlyle Group and Gotham Organization on February 09, 2024.
• Gotham Organization for David Picket filed plans for new building for 470,902 sqft in East New York, Brooklyn, on April 14, 2023.
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 in contract to pay up to $33.7M for Greenpoint air rights (February 16, 2024)
• 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)
Court Records:
Properties: