Kaushik Patel

(Kaushikbhai M. Patel, Kaushikbhai Patel)

Developer, Owner

(NYC’s “Market Value,” 50% or less of actual value)

$21.1 million – hotel 100%; Queens 77%, Bronx 22%

1654th largest portfolio by dollar value

173,316 sqft – hotel 100%;

1328th largest by SF

5 properties – Bronx 60%, Queens 40%

152th largest

Buyer signatory: 1 for $2.2 million

Seller signatory: 0 for $0

Borrower signatory: 1 for $6.8 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

• Kaushik Patel borrowed $6.8 million from Parke Bank for 290 East 150th Street, Melrose, Bronx on August 20, 2024.

• Eileen Marquez sold 290 East 150th Street, Melrose, Bronx for $2.2 million to Kaushik Patel on October 17, 2023.

• Kaushik Patel borrowed $5 million from Hanover Community Bank for 427 East 188th Street, Belmont/Little Italy, Bronx on April 21, 2022.

• Kaushik Pateland Chandresh Patel borrowed $12 million from Unity Bank for 41-01 21st Street, Long Island City, Queens on March 08, 2022.

• Kaushik Patel borrowed $11 million from Queensboro Funding for 41-01 21st Street, Long Island City, Queens on May 19, 2021.

• Kaushik Patel borrowed $13 million from Hanmi Bank for 40-34 Crescent Street, Long Island City, Queens on July 06, 2020.

• Kaushik Patel filed plans for major alteration for 10,368 sqft in Melrose, Bronx, on May 01, 2020.

• Kaushik Patel filed plans for new building for 22,031 sqft in Melrose, Bronx, on March 12, 2020.

• Kaushik Patel filed plans for new building for 58,714 sqft in Jamaica, Queens, on October 21, 2015.

• Kaushik Patel filed plans for new building for 44,059 sqft in Jamaica, Queens, on October 21, 2015.

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