Gustavo Gordillo has opinions about what landlords should be allowed to earn. The New York City DSA co-chair also has a $1,457,000 Bed-Stuy rowhouse to live in, courtesy of his millionaire parents and the LLC they used to buy it.
During a July 17 interview with Martha MacCallum, Gordillo claimed New York landlords average a 12 percent return on their investments. RedState covered the exchange at the time.
Asked what landlords should be allowed to make, Gordillo answered, “We don’t think that anybody should have a constitutional right to double-digit returns on their investment.”
Read More: Watch: Show Host Wrecks NYC DSA Co-Chair Over Radical Goals in Brutal Interview
MacCallum asked what he was talking about. Gordillo answered that such returns were “not in the Constitution” before accusing landlords of crying that the city’s rent freeze would put them out of business.
The 38-year-old socialist has less experience worrying about rent than that Fox interview suggested.
Gordillo lives with his brother in a two-story, nearly 2,000-square-foot rowhouse that Chucuito LLC purchased for just under $1 million in 2019. Renovation plans filed in 2023 included work on the front facade and interior, new landscaping, and the addition of two decks. Work was still underway at the property Tuesday.
His father confirmed the arrangement.
“My son and my other son both live there. The LLC purchased the home, and then we did the renovations.”
A property document, as seen in Bredderman’s post, identifies the members of Chucuito LLC as the Gustavo E. Gordillo and Elizabeth E. Gordillo Living Trust of 2016 and Draftel Holdings Inc., a Florida corporation. The elder Gustavo Gordillo signed for the trust as trustee and for Draftel as its president; Elizabeth E. Gordillo also signed as co-trustee.
Chucuito LLC was also on the lease for Gordillo’s old Lower East Side apartment, which cost $2,600 a month from 2016 to 2019. His father, the founder of engineering and consulting firm Draftpros Inc., owns two more homes in Florida. One, a roughly 5,000-square-foot house in Boca Raton, is listed for $3.1 million. The other, in Weston, is worth about $3 million.
Gordillo arrived in New York in 2013 with a Yale degree and took a job in the art world. He later switched careers and became a union electrician. Bernie Sanders’ 2016 campaign changed his view of what socialism could become in the United States, and Gordillo joined DSA during Trump's first term, in 2017. The chapter he now co-leads has about 13,500 members.
That chapter helped push the pied-à-terre surcharge across the finish line. Reporter Will Bredderman spotted Chucuito LLC on the supplemental property roll published under the new law. The entry values the house at $1,457,000.
I wonder if @NYCDSA co-chair @unionGustavo's parents will pay the pied-a-terre tax on the rowhouse they bought him in Bed-Stuy (Gustavo *E.* Gordillo is the father of our local Gustavo *L.*). The home showed up on the list Mamdani's office released.
— Will Bredderman (@WillBredderman) August 18, 2026
Fair market value: $1,457,000 https://t.co/IpiZWK1tkY pic.twitter.com/eBrJOzDHF6
Will Gordillo’s parents have to pay the tax their son’s political allies pushed through?
Almost certainly not.
The $1,457,000 figure looks large until the type of property is taken into account. Department of Finance (DOF) rules set the starting point for one-, two-, and three-family homes at $5 million. The lower $1 million cutoff is for condos and co-ops.
The spreadsheet was never a list of people who definitely owed the surcharge. DOF put every one-, two-, and three-family home on it, along with a huge number of co-op and condo records. About 17,000 owners received notices. Most of the roughly 900,000 entries did not.
The residency rule would likely spare the family as well. DOF allows an exemption when the home is the primary residence of an owner, a tenant, an LLC’s majority owner, or that owner’s immediate family. The elder Gordillo said both sons live there.
Gordillo had dismissed criticism of the enormous property roll one day earlier, accusing critics of spreading “New York Post-style misinformation about the list of 900K people.”
Menin might be upset that her friends are getting taxed but that’s no reason to be out here spreading new york post-style misinformation about the list of 900K people. https://t.co/1ClWYaUDLC
— Gustavo (@unionGustavo) August 17, 2026
He got that part right. Chucuito LLC’s name on the roll says nothing by itself about whether a bill is coming.
His parents bought the house and handled the renovations, and the city’s rules will probably spare them the surcharge. Gordillo can keep talking about the 12 percent earned by landlords. The family LLC already took care of his housing.
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