Gotham Organization

What Gotham Organization does

Gotham Organization is a privately held, vertically integrated real estate developer, owner, and manager headquartered at 111 5th Avenue, New York City. Founded in 1912 by the Picket family on the Lower East Side, the company has built approximately 40 million square feet of property over its 100+ year history and currently operates as developer, owner, and manager across roughly 4 million square feet spanning 3,700 managed residential units. The firm's portfolio spans luxury market-rate rentals (The Maybury at Hudson Yards, The Ashland in Brooklyn, Gotham Point in Queens, The Suffolk on the Lower East Side), large-scale affordable and mixed-income housing (Urban Innovative Village in East New York with up to 2,000 affordable units; Arras in Jamaica, Queens with 400+ affordable units), and major mixed-use waterfront developments secured through public-private partnerships (Monitor Point in Greenpoint, 1,324 units; Intrepid project in Hell's Kitchen, 1,127 units).

The company's business model is built around two integrated revenue streams: (1) one-time real estate development revenue from apartment sales, condo conversions, and the creation of new build-to-rent or build-to-sell assets, and (2) recurring property management fee and rental income from its owned and operated portfolio. Gotham monetizes its development pipeline through a combination of long-term hold (rental operations), condominium conversion, and selective dispositions. Pricing is not publicly disclosed and varies by property, submarket, and regulatory regime (market-rate vs. AMI-restricted affordable). Distribution is direct-to-tenant via the company-operated Gotham Properties leasing platform and via third-party brokerage for commercial tenancies.

Gotham goes to market primarily through enterprise-style field engagement with municipal and state government entities (NYC Council, Governor's office, MTA, HPD) to win competitive public-private partnership RFPs for state- or MTA-owned land, supplemented by joint ventures with established developers (Monadnock Development, Fisher Brothers, MURAL Real Estate) and nonprofit partners (Christian Cultural Center). The customer base spans three horizontal segments: affordable housing seekers (households earning 40%-130% of AMI, including teachers, nurses, and first responders), market-rate luxury renters, and retail/commercial tenants leasing ground-floor space in mixed-use developments. The company recently expanded beyond New York for the first time with a 400-unit public-private partnership project in Downtown Clearwater, Florida, and maintains a presence in Philadelphia via the Avira development. Family control remains intact across five generations, with David L. Picket serving as CEO since 1991 and third-generation siblings Matthew, Nicole, and Ben Picket entering senior leadership in 2025.

Name

Gotham Organization

Legal name

Gotham Properties

Website

https://gothamorganization.com

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

101–250 employees

Short description

Gotham Organization is a privately held, family-controlled real estate developer, owner, and manager headquartered in New York City, founded in 1912. It develops, owns, and operates residential and mixed-use properties across NYC, Philadelphia, and Florida, serving affordable, market-rate, and luxury renters through public-private partnerships.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (2361)

SIC

Operators Of Apartment Buildings (6513), Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro industry

PRIMARYBPAJAFAA

Multifamily Apartment Property Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

Keywords

• Residential real estate development
• Mixed-use property development
• Affordable housing development
• Luxury rental apartments
• Property management services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure

Revenue model

1. Real Estate Development: Development of residential and mixed-use properties for sale or long-term ownership. Revenue generated from apartment sales, condo conversions, and rental income from owned properties.
2. Property Management: Ongoing property management services for owned and managed portfolio of residential buildings. Revenue from management fees and rental operations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Gotham Organization develops, owns, and manages residential and mixed-use real estate projects, primarily in New York City, with selective expansion into Philadelphia and Florida. The company operates a vertically integrated platform that takes on complex, large-scale developments—including luxury rental towers, affordable and mixed-income housing, and waterfront mixed-use projects—and retains long-term ownership and management of the completed properties.

Product overview

Gotham Organization is a vertically integrated real estate developer, owner, and manager offering residential and mixed-use developments across multiple markets. The company's portfolio includes luxury rental towers (The Suffolk, Gotham Point, The Ashland, The Maybury, Avira), large-scale affordable housing projects (Urban Innovative Village, Arras), and major mixed-use waterfront developments (Monitor Point, Intrepid Mixed-Use Project). With over 4 million square feet of managed property and 3.8 million square feet in development pipeline, Gotham Organization operates as both developer and long-term property manager across its portfolio, serving market-rate renters, luxury residential tenants, and affordable housing residents.

Differentiator

Problem solved

Functional benefit

Products and services

• The Suffolk

Quantifiable outcome

• 662 affordable units secured through negotiations, representing 50% of Monitor Point project
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, minor and major.

• Fisher BrotherscoreStrategic or Co-development Partner · 15 July 2026Selected by Governor Hochul alongside Gotham Organization and MURAL Real Estate Group to develop a 50,584-square-foot state-owned parking lot near the Intrepid Museum into two residential towers containing 1,127 housing units. The partnership represents a major public-private development initiative in Hell's Kitchen.
• MURAL Real Estate GroupcoreStrategic or Co-development Partner · 15 July 2026Co-developer with Gotham Organization and Fisher Brothers selected by Governor Hochul for the Intrepid Museum area redevelopment project. The team was chosen through a competitive state process to transform underutilized state property into mixed-income housing.
• Lee & Associates NYCminorChannel Partner/ Reseller/ Distributor · 9 July 2026Commercial real estate brokerage that arranged a 15-year retail lease for Breeze restaurant at Gotham Organization's 590 Fulton Street property in Downtown Brooklyn. Represents ongoing tenant placement services for Gotham's commercial spaces.
• Greater Jamaica Development CorporationmajorStrategic or Co-development Partner · 28 October 2025Joint partnership for the Arras development project in Downtown Jamaica, Queens. The $200 million development will include two 14-story mixed-use buildings with over 400 affordable housing units, combining public and private resources for urban revitalization.
• Monadnock DevelopmentmajorStrategic or Co-development Partner · 28 October 2025Long-standing development partner with Gotham Organization on multiple affordable housing projects including Urban Village in East New York and Arras in Jamaica, Queens. The partnership has secured over $270 million in construction financing for East New York projects.
• Moses Sole RealtyminorStrategic or Co-development Partner · 28 October 2025Partner in the Arras affordable housing development project in Downtown Jamaica, Queens. Contributing to the joint venture development alongside Gotham Organization, Greater Jamaica Development Corporation, and Monadnock Development.
• Christian Cultural CentermajorStrategic or Co-development PartnerNonprofit partner in the Urban Innovative Village affordable housing project in East New York. The partnership scored $270 million in construction financing for the 12020 Flatlands Avenue development, representing collaboration between for-profit and nonprofit developers for community benefit.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Monadnock Development: Affordable housing developer and long-standing Gotham joint venture partner on Urban Village and Arras projects. Similar affordable housing focus, NYC geography, and reliance on public-private partnerships for project pipeline.
• The Durst Organization: Family-run NYC real estate developer and owner with a similar vertically integrated model spanning multifamily, commercial, and mixed-use projects. Both Gotham and Durst are long-tenured New York developer-owner-operators with reputations for trophy large-scale residential and mixed-use developments.
• Tishman Speyer: Global real estate developer and owner-operator with a strong NYC multifamily and mixed-use portfolio. Compares to Gotham on large-scale, vertically integrated residential development in NYC though Tishman Speyer is more institutionally owned.
• BRP Companies: NYC affordable and mixed-income housing developer with a similar pipeline of large multifamily projects. Comparable to Gotham in affordable housing mandate, reliance on public financing, and similar project scale in NYC.
• Jonathan Rose Companies: Affordable and mixed-income housing developer with presence in NYC and other metros. Comparable to Gotham on affordable housing focus, mixed-income project structure, and reliance on public-private partnerships for project financing.
• Two Trees Management: Brooklyn-based residential and mixed-use developer with a comparable pipeline of large-scale multifamily and waterfront projects. Overlaps with Gotham on Brooklyn geography, mixed-use development approach, and pipeline scale.
• Taconic Investment Partners: NYC-focused real estate developer active in multifamily residential and mixed-use projects. Comparable to Gotham on geographic focus, mixed-income residential development, and project scale in the New York metro area.
• Fisher Brothers: Long-tenured NYC real estate developer and joint venture partner on Gotham's Intrepid project. Comparable to Gotham on NYC geography, mixed-use large-scale development, and family-controlled operation style.
• L+M Development Partners: NYC-focused affordable and mixed-income housing developer. Closely comparable to Gotham on affordable housing mandate, public-private partnership reliance, and similar pipeline scale in NYC's affordable and workforce housing segment.
• Related Companies: Major NYC-based developer of mixed-income residential and mixed-use projects, including affordable housing. Comparable to Gotham in scale, mixed-income focus, and reliance on public-private partnerships for large master-planned developments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GothamOrg
• LinkedInlinkedin.com/company/gotham-organization-inc-
• Instagraminstagram.com/gothamorg

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gotham Organization