Hemal C. Patel
Owner
Hemal C. Patel portfolio
$13.5 million* – hotel 100%; Queens 98%, Brooklyn 1%
2247th largest portfolio by dollar value
56,830 sqft – hotel 100%;
2680th largest by SF
2 properties – Brooklyn 50%, Queens 50%
3151th largest
Person Activity past 24 months:
Borrower signatory: 1 for $13.5 million
Top Ten Associated Companies:
Bank of Hope (1), Spring Bank (1), Alpine Capital Bank (1)
Top Ten Associated People:
Dan Kim (1)
Recent activity as company:
• Samie C. Patel and Hemal C. Patel borrowed $13.5 million from Bank of Hope for 12-02 37th Avenue, Long Island City, Queens on September 19, 2023.
• Arch Street Capital Advisors borrowed $5.6 million from Spring Bank for 2008 Webster Avenue, Tremont, Bronx on July 16, 2021.
• Hemal C. Patel borrowed $5.3 million from Alpine Capital Bank for 1755 Pitkin Avenue, Brownsville, Brooklyn on February 05, 2021.
Latest Stories:
Properties:
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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.