Gotham Organization

People:

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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 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)

• Gotham, Monadnock, church, sign $217.4M construction loan for 386 units in East New York (April 09, 2024)

• Gotham Org. acquires parcel from church valued at $13.9M for portion of Urban Village in East New York (April 02, 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)

• Carlyle, Gotham Organization pay $265M to A&R Kalimian for 310-unit rental Lincoln Square (February 12, 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)

Court Records:

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Properties:

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

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