Jasmin Patel
Owner
Individual
Jasmin Patel portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$46.2 million – hotel 100%; Queens 72%, Manhattan 27%
984th largest portfolio by dollar value
229,036 sqft – hotel 100%;
1059th largest by SF
4 properties – Queens 75%, Manhattan 25%
153th largest
Person Activity past 24 months:
Buyer signatory: 2 for $57.5 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $25 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Dime Community Bank (1), James Juhn (1), George Baharestani (1), McSam Hotel Group (1), Metro City Bank (1), Zhidong Wu (1)
Top Ten Associated People:
Mario Colon (1), James Juhn (1), George Baharestani (1), Sam Chang (1), Farid Tan (1), Zhidong Wu (1)
Recent activity as signatory:
• Jasmin Patel borrowed $25 million from Metro City Bank for 38-11 10th Street, Long Island City, Queens on March 28, 2024.
• McSam Hotel Group sold 38-11 10th Street, Long Island City, Queens for $40.5 million to Jasmin Patel on March 28, 2024.
• James Juhnand George Baharestani sold 38-60 13th Street, Long Island City, Queens for $17 million to Jasmin Patel on July 07, 2023.
• Jasmin Patel borrowed $24.9 million from Dime Community Bank for 16-18 East 30th Street, NoMad, Manhattan on August 10, 2022.
• Jasmin Patel sold 45-17 Davis Street, Long Island City, Queens for $11 million to Zhidong Wu on July 30, 2021.
• Jasmin Patel filed plans for new building for 44,243 sqft in Garment District, Manhattan, on December 11, 2014.
• Jasmin Patel filed plans for new building for 37,020 sqft in NoMad, Manhattan, on November 09, 2013.
Latest Stories:
• Jasmin Patel pays $17M for LIC hotel that was facing foreclosure July 10, 2023
• Letap Group signs contract to buy from McSam Hotel Group LIC hotel project January 09, 2023
• Jasmin Patel signs $24.9M refi loan with Dime Community Bank for hotel in NoMad August 11, 2022
• Zhi Dong Wu pays $11M to Jasmin Patel for industrial in Long Island City August 02, 2021
• Jasmin Patel paid $10M to JTC Industries August 19, 2019
• McSam Hotel Group obtained financing of $8M from Sterling National Bank July 25, 2019