David Picket
(David L. Picket)
Gotham Organization
Gotham Organization portfolio
$226 million* – condo 70.0%, D6 13.0%; Manhattan 84.0%, Queens 13.0%
271th largest portfolio by dollar value
1,324,244 sqft – elevator 35.0%, condo 29.0%;
257th largest by SF
17 properties – Manhattan 88%, Brooklyn 5%
524th largest
1,701 residential units – Manhattan 73.0%, Queens 26.0%
130th largest by residential units
0 foreclosures, 0 bankruptcies, 5 other court cases.
Other Links:
Person Activity past 24 months:
Buyer signatory: 1 for $15 million
Seller signatory: 2 for $35.2 million
Borrower signatory: 4 for $450.6 million
Developer (new building or major alteration): 28.0 for 909,085 square feet
Top Ten Associated Companies:
Wells Fargo (4), Covenant House (1), Chinese-American Planning Council (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), (1), Gotham Organization (1), Citibank (1), Beth Hamedrash Hagogol of New York Restoration, Inc. (1), TD Bank (1)
Top Ten Associated People:
Deirdre Cronin (1), Wayne Ho (1), Patrick Love (1), David L. Picket (1), Christian Adrian (1), Alicia L. Mioli (1), Isidore Godinger (1)
Recent activity as company:
• Gotham Organization and Grid Properties borrowed $10 million from TD Bank for 261 West 125th Street, Harlem, Manhattan on February 04, 2025.
• Gatsby Enterprises borrowed $22.7 million from Citibank for 163 East 92nd Street, 159 East 92nd Street, and 155 East 92nd Street, Carnegie Hill, Manhattan on September 25, 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.
• Gotham Organization sold 207 Broome Street, Lower East Side, Manhattan for $20.2 million to Chinese-American Planning Council on March 15, 2024.
• David Picket filed plans for new building for 470,902 sqft in East New York, Brooklyn, on April 14, 2023.
• David Picket filed plans for new building for 438,183 sqft in East New York, Brooklyn, on April 14, 2023.
• Gotham Organization borrowed $211.5 million from Wells Fargo for 550 10th Avenue, Hell’s Kitchen, Manhattan on December 14, 2021.
• Covenant House sold 550 10th Avenue, Hell’s Kitchen, Manhattan for $79 million to Gotham Organization on November 29, 2021.
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)
• Gatsby Enterprises signs $22.2M refi for three walkups in Carnegie Hill (January 19, 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: