Maheshchand Ratanji
(Maheshchand M. Ratanji, Mahesh Ratanji)
Owner
Maheshchand Ratanji portfolio
$130.2 million* – hotel 96%, development 2%; Brooklyn 53%, Bronx 30%
448th largest portfolio by dollar value
738,399 sqft – hotel 89%, development 6%;
447th largest by SF
32 properties – Brooklyn 53%, Bronx 28%
311th largest
181 residential units – Brooklyn 100%, Manhattan 0%
959th largest by residential units
Person Activity past 24 months:
Buyer signatory: 5 for $51.2 million
Borrower signatory: 10 for $115.3 million
Top Ten Associated Companies:
State Bank of Texas (8), PCSB Bank (6), Webster Bank (4), Ponce Bank (2), Rajendra R. Patel (2), Mamraben R. Patel (2), Yeshivat Darche Eres (1), Maheshchand M. Ratanji (1), Customers Bank (1), Parke Bank (1)
Top Ten Associated People:
Stephanie Melowsky (4), Sushil Patel (3), Grace Sabino (2), Andrew Edge (2), Jin Sup An (2), Rajendra R. Patel (2), Carlos P. Naudon (1), Joseph A. Giamartino (1), Christopher J. Fiorillo (1), Joseph Yunatanov (1)
Recent activity as company:
• Maheshchand Ratanji borrowed $9.8 million from State Bank of Texas for 449 West 36th Street, Hudson Yards, Manhattan on January 14, 2025.
• SMA Group NYC sold 449 West 36th Street, Hudson Yards, Manhattan for $14 million to Maheshchand Ratanji on January 14, 2025.
• Jin Sup An sold 449 West 36th Street, Hudson Yards, Manhattan for $0 to Maheshchand Ratanji on October 22, 2024.
• Maheshchand Ratanji borrowed $15 million from Rajendra R. Patel and Mamraben R. Patel for 1090 Myrtle Avenue, Bedford Stuyvesant, Brooklyn on October 17, 2024.
• Rajendra R. Patel and Mamraben R. Patel sold 1090 Myrtle Avenue, Bedford Stuyvesant, Brooklyn for $22 million to Maheshchand Ratanji on October 17, 2024.
• Maheshchand M. Ratanji borrowed $6.7 million from State Bank of Texas for 611 Degraw Street, Gowanus, Brooklyn on August 22, 2024.
• Series 2017-C6 sold 611 Degraw Street, Gowanus, Brooklyn for $9.2 million to Maheshchand M. Ratanji on August 22, 2024.
• Maheshchand M. Ratanji borrowed $15 million from State Bank of Texas for 1122 Southern Boulevard, East Morrisania, Bronx on July 23, 2024.
• Maheshchand M. Ratanji borrowed $15 million from State Bank of Texas for 2718 Fulton Street, Cypress Hills, Brooklyn on March 12, 2024.
• Maheshchand M. Ratanji borrowed $9 million from First Federal Savings of Middletown for 640 Gerard Avenue, Concourse, Bronx on February 05, 2024.
Latest Stories:
• Maheshchand Ratanji pays $14M to SMA Group NYC for hotel in Hudson Yards (January 15, 2025)
• Maheshchand Ratanji pays $22M for hotel in Bedford Stuyvesant (October 18, 2024)
• Maheshchand Ratanji pays $9.2M for formerly foreclosed hotel in Gowanus (August 23, 2024)
• Maheshchand Ratanji signs $15M refi for new hotel in East Morrisania (July 24, 2024)
• Lender acquires Union Hotel in Gowanus through $8M foreclosure transfer (December 15, 2023)
• Maheshchand Ratanji pays $6M for 85-room hotel in Concourse Village (March 17, 2023)
Properties: