Wagswoofs – Victoria Gotti, the daughter of the infamous mobster John Gotti, has recently listed nine of her properties in New York City for sale, according to The Post.
Gotti, on the other hand, emphasizes that while the commercial properties are listed for sale, she is not actively looking to sell them unless she receives an irresistible offer.
“I own 17 properties, with a portfolio worth $36 million, and I have no intention of selling any of them,” stated Gotti, 61, in an interview with The Post. He continued, “I receive offers regularly, almost every other day. Just yesterday, I had a small offer. It’s a common occurrence in my daily life.”
The origins of these properties, which include retail and automotive buildings, can be traced back to her divorce from ex-husband Carmine Agnello in 2002.
During their bitter separation, she acquired the possessions from him.
Gotti revealed that despite the fact that his listing has been active for two years, he receives frequent inquiries from brokers and potential buyers. However, he clarified that none of his properties are currently available for sale.
“I receive offers frequently, and if one catches my attention, I may consider it,” she remarked.
The maintenance expenses for these properties, spread across Queens, are anything but insignificant. According to records obtained by The Post, as of October, Gotti still owes over $635,000 in property taxes.
There is an interesting property available on Liberty Avenue that consists of three lots. This property has over 80 feet of frontage and was recently listed again last month. Another opportunity is a collection of three properties with over 200 feet of frontage. These properties were previously used for automobile-related businesses and are now available for purchase.
A property located at 120-01 Sutphin Blvd. has been on the market since 2022, without finding a buyer. This particular property is considered to be a rare find due to its block-front location and its potential for various types of developments. It offers approximately 40,000 buildable square feet, making it an attractive investment opportunity.
On the listing pages for local commercial property, you won’t find any asking prices. Instead, the approach is to ask interested parties to submit a non-binding offer with their own specific terms.
Richard Libbey, the broker representing these listings for Atlantic Beach Associates, disclosed to The Post that there has been a surge of offers, with a recent bid of $5 million.
Selling these pieces of real estate has not been an easy journey.
During the pandemic, landlords, like Libbey, faced numerous challenges. Libbey recounted a specific incident in 2020 where tenants neglected to pay rent, even after a property was sold on behalf of Gotti. This resulted in legal disputes and the need for eviction proceedings.
Libbey requires potential buyers to provide proof of financing before considering any serious offers for their properties, many of which have been on the market for over 550 days.
In emphasizing the importance of substantial financial support, he referred to these listings as “legacy listings.” He highlighted that for any potential deal to come to fruition, significant funding is necessary.
The sales are set against a backdrop that is closely linked to the notorious John Gotti, also known as the “Teflon Don.” It was under Gotti’s influence that Agnello became a member of the Gambino family when he married Gotti’s daughter.
Carmine Gotti Agnello, John Gotti Agnello, and Frank Gotti Agnello are the three children shared by the former couple.