Jai Patel
Owner
Jai Patel portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$9.4 million – hotel 100%; Queens 58%, Bronx 41%
2712th largest portfolio by dollar value
43,877 sqft – hotel 100%;
3022th largest by SF
2 properties – Bronx 50%, Queens 50%
155th largest
8 residential units – Bronx 100%, Manhattan 0%
790th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $30 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Metro City Bank (1), Crown Bank (1), NewBank (1)
Top Ten Associated People:
Michelle Lee (1)
Recent activity as signatory:
• PrideHospitalityGroup borrowed $30 million from Metro City Bank for 149-03 Archer Avenue, Jamaica, Queens on January 10, 2024.
• Jai Patel filed plans for new building for 23,383 sqft in East Flatbush, Brooklyn, on May 03, 2022.
• Jai Patel filed plans for new building for 26,192 sqft in Parkchester, Bronx, on April 15, 2022.
• Jai Patel borrowed $5 million from Crown Bank for 1275 Pugsley Avenue, Unionport, Bronx on October 06, 2021.
• Pride Hospitality Group borrowed $5 million from NewBank for 4387 3rd Avenue, Tremont, Bronx on April 28, 2021.
Latest Stories:
• Jai Patel signs $30M refi with Metro City Bank for Aloft hotel in Jamaica January 11, 2024