Gotham West: A Fannie Mae Multifamily Success Story in NYC

What does affordable housing look like in the heart of Manhattan?

Meet the people and partners behind Gotham West, where mixed-income living is more than a concept—it’s a reality. Watch the short video and see first-hand how Fannie Mae helped make it happen with our partners.

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Trusted partners. Shared expertise. Skilled execution.

When affordability intersects with complexity, collaboration is essential. To structure the $460 million refinancing of Gotham West aimed at preserving sustainable housing, repeat borrower Gotham Organization trusted Fannie Mae. This partnership preserved over 680 rent-accessible units in the multifamily development located in New York City’s Midtown.

A thoughtful approach to a sophisticated transaction

Fannie Mae facilitated this deal through a standby credit enhancement and financing structure working alongside DUS lender Wells Fargo and New York State Housing Finance Agency — providing stability and robust support for a complex deal. The combination of market expertise and the certainty of execution of the DUS model enabled decisive action when it mattered most.

Creating more housing opportunities in high-cost areas

This large-scale, complex transaction ensured that 55% of this transformative property’s 1,238 units remain within reach across a wide range of area median income (AMI) levels. The deal supports New York’s diverse workforce while strengthening the community’s long-term resilience.

Fannie Mae continues to leverage our industry expertise, innovative solutions, and DUS lender partnerships to help borrowers maintain sustainable housing in challenging markets.