Maheshchand Ratanji

(Maheshchand M. Ratanji, Mahesh Ratanji)

Owner

1300 Tonnelle Ave, North Bergen, NJ 07047

Maheshchand Ratanji portfolio

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

$125.4 million – hotel 96%, development 2%; Brooklyn 55%, Bronx 27%

440th largest portfolio by dollar value

704,301 sqft – hotel 89%, development 6%;

452th largest by SF

31 properties – Brooklyn 54%, Bronx 25%

126th largest

181 residential units – Brooklyn 100%, Manhattan 0%

617th largest by residential units

Person Activity past 24 months:

Buyer signatory: 4 for $37.2 million

Seller signatory: 0 for $0

Borrower signatory: 8 for $90.7 million

Lender signatory: 0 for $0

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

Top Ten Associated Companies:

State Bank of Texas (7), PCSB Bank (6), Webster Bank (3), Ponce Bank (2), Rajendra R. Patel (2), Mamraben R. Patel (2), Yeshivat Darche Eres (1), Maheshchand M. Ratanji (1), Customers Bank (1), Parke Bank (1)

Top Ten Associated People:

Stephanie Melowsky (4), Grace Sabino (2), Sushil Patel (2), Rajendra R. Patel (2), Carlos P. Naudon (1), Joseph A. Giamartino (1), Christopher J. Fiorillo (1), Joseph Yunatanov (1), Melody Collins (1), Rajan Patel (1)

Recent activity as signatory:

• Jin Sup An sold 449 West 36th Street, Hudson Yards, Manhattan for $0 to Maheshchand Ratanji on October 22, 2024.

• Maheshchand Ratanji borrowed $15 million from Rajendra R. Pateland Mamraben R. Patel for 1090 Myrtle Avenue, Bedford Stuyvesant, Brooklyn on October 17, 2024.

• Rajendra R. Pateland Mamraben R. Patel sold 1090 Myrtle Avenue, Bedford Stuyvesant, Brooklyn for $22 million to Maheshchand Ratanji on October 17, 2024.

• Maheshchand M. Ratanji borrowed $6.7 million from State Bank of Texas for 611 Degraw Street, Gowanus, Brooklyn on August 22, 2024.

• Series 2017-C6 sold 611 Degraw Street, Gowanus, Brooklyn for $9.2 million to Maheshchand M. Ratanji on August 22, 2024.

• Maheshchand M. Ratanji borrowed $15 million from State Bank of Texas for 1122 Southern Boulevard, East Morrisania, Bronx on July 23, 2024.

• Maheshchand M. Ratanji borrowed $15 million from State Bank of Texas for 2718 Fulton Street, Cypress Hills, Brooklyn on March 12, 2024.

• Maheshchand M. Ratanji borrowed $9 million from First Federal Savings of Middletown for 640 Gerard Avenue, Concourse, Bronx on February 05, 2024.

• Maheshchand Ratanji borrowed $10 million from PCSB Bank for 2644 E 18th Street, Sheepshead Bay, Brooklyn on October 17, 2023.

• Maheshchand M. Ratanji borrowed $11 million from State Bank of Texas for 55 Sheffield Avenue and 51 Sheffield Avenue, Cypress Hills, Brooklyn on August 09, 2023.