Ketan Patel
Owner
Ketan Patel portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$7.1 million – hotel 100%; Queens 100%, Manhattan 0%
3178th largest portfolio by dollar value
31,500 sqft – hotel 100%;
3507th largest by SF
Person Activity past 24 months:
Buyer signatory: 1 for $18.1 million
Seller signatory: 2 for $44.8 million
Borrower signatory: 1 for $11.7 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Chaskel Landau (1), Royal Bank Of Canada (1), Citibank (1), Blackstone Group (1), KKR & Co. (1), Dalan Management (1), Wells Fargo (1), Slate Property Group (1), Edison Equities (1), Young Jun Ahn (1)
Top Ten Associated People:
Chaskel Landau (1), Tina Lin (1), Qahir Madhany (1), Daniel Rudin (1), Brianne Hanifin (1), Steve Krasman (1), Eli M. Dweck (1), Young Jun Ahn (1), Akbar Rizvi (1), Joseph Capra (1)
Recent activity as signatory:
• Ketan Pateland Prakashkumar Patel borrowed $11.7 million from Spring Bank for 42-24 Crescent Street, Long Island City, Queens on February 21, 2024.
• Young Jun Ahnand Daniel Chung Sung Ahnand Kwi-Won Y. Ahnand Ike Ahn sold 42-24 Crescent Street, Long Island City, Queens for $18.1 million to Ketan Pateland Prakashkumar Patel on February 21, 2024.
• Greenland USA sold 550 Vanderbilt Avenue, 550 Vanderbilt Avenue, and 550 Vanderbilt Avenue, Prospect Heights, Brooklyn for $5.8 million to Edison Equities on January 09, 2024.
• Brookfield Properties sold 54-39 100th Street, Corona, Queens for $39 million to Slate Property Group on July 07, 2023.
• Brookfield Properties sold 182 Duffield Street, Downtown Brooklyn, Brooklyn for $10 million to Chaskel Landau on December 27, 2022.
• Brookfield Properties sold 80 Dekalb Avenue, Fort Greene, Brooklyn for $190 million to KKR & Co.and Dalan Management on July 19, 2022.
• Brookfield Properties borrowed $98 million from Royal Bank Of Canada for 100 Myrtle Avenue, Downtown Brooklyn, Brooklyn on July 11, 2022.
• Nuveenand Brookfield Asset Management sold 8 Spruce Street, Financial District, Manhattan for $930 million to Blackstone Group on June 17, 2022.
• Brookfield Properties borrowed $175 million from Wells Fargo for 351 Jay Street, Downtown Brooklyn, Brooklyn on April 13, 2022.
• Brookfield Properties sold 303 Bridge Street, Downtown Brooklyn, Brooklyn for $185.5 million to Boyd Watterson Asset Management on February 22, 2022.
Latest Stories:
• Blackstone Group signs $550M refi for 899-unit 8 Spruce in FiDi December 12, 2024
• Atlas Capital pays $202.5M to KKR, Dalan for 365-unit rental in Fort Greene October 22, 2024
• Chaskel Landau files plans for 115-unit project in Downtown Brooklyn July 19, 2024
• Ketan Patel pays $18.1M for hotel in Long Island City February 22, 2024
• Edison Equities pays $5.8M for three retail condos in Prospect Heights January 10, 2024
• Slate pays $39M to Brookfield for 296-unit rental in Corona, includes dev potential July 10, 2023
• KKR, Dalan pay $190M to Brookfield for 365-unit rental tower in Fort Greene July 20, 2022
• Blackstone pays $930M to Nuveen, Brookfield for 8 Spruce in FiDi June 20, 2022