Daughter of deceased Gambino Boss John Gotti is selling nearly $40M in properties
Victoria Gotti, daughter of the notorious mobster John Gotti, has put nine of her New York City properties up for sale, The Post has learned.
However, despite sales listings being active for them, Gotti asserts that she isn’t particularly keen on selling the commercial properties unless there’s an offer she simply can’t refuse.
“I have 17 properties, a $36 million portfolio, and nothing is for sale,” Gotti, 61, told The Post. “I receive offers every single week, almost every other day. I had a tiny offer yesterday. This is an everyday thing.”
The genesis of these holdings — comprising retail and automotive structures — dates back to her 2002 divorce from ex-husband Carmine Agnello.
She inherited them from him during their contentious separation.
“This listing has been active for 2 years, I get calls on these properties every week, from brokers, buyers, but none of my properties are for sale,” Gotti added.
“I get offers all the time. If one catches my eye, I might consider it,” she said.
Yet, the upkeep costs for these properties, scattered throughout Queens, are far from chump change. As of October, Gotti currently faces more than $635,000 in property taxes that she still owes, records obtained by The Post show.
One notable offering is a three-lot assemblage on Liberty Avenue, boasting 80-plus feet of frontage, which recently re-listed last month. Additionally, a three-property assemblage with more than 200 feet of frontage, previously utilized for automobile-related businesses, is also up for grabs.
Another property, at 120-01 Sutphin Blvd., has lingered on the market since 2022. This “rare” block-front site, ideal for various developments, comes with approximately 40,000 buildable square feet.
Asking prices aren’t present on the listing pages, as tends to be typical for local commercial property. Instead, interested parties are encouraged to “request your own specific terms when submitting a non-binding offer.”
Richard Libbey of Atlantic Beach Associates, the broker repping these listings, revealed to The Post the influx of offers, including a recent $5 million bid.
However, the road to selling these pieces of real estate hasn’t been without its challenges.
Libbey highlighted the difficulties faced by landlords, especially during the pandemic, citing an instance when tenants failed to pay rent even after a property was sold on behalf of Gotti in 2020, leading to legal battles for eviction.
With these properties, some sitting on the market for more than 550 days, Libbey insists that any serious offers must come with proof of financing.
Referring to them as “legacy listings,” he stressed the necessity for substantial financial backing for any potential deal to materialize.
The backdrop to these sales hints at a legacy intertwined with the infamous John Gotti, known as the “Teflon Don,” who orchestrated Agnello’s induction into the Gambino family upon marrying his daughter.
The former couple share three children, sons Carmine Gotti Agnello, John Gotti Agnello and Frank Gotti Agnello.
https://nypost.com/2023/12/05/real-estate/john-gottis-daughter-unloading-nyc-properties-worth-36m/
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