Ved Parkash

Owner

Ved Parkash portfolio

$259.6 million* – elevator 96%, walkup 3%; Bronx 92%, Queens 7%

236th largest portfolio by dollar value

4,807,904 sqft – elevator 97%, walkup 2%;

60th largest by SF

72 properties – Bronx 88%, Queens 11%

134th largest

4,641 residential units – Bronx 93%, Queens 6%

37th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Borrower signatory: 6 for $61.8 million

Developer (new building or major alteration): 18.0 for 87,000 square feet

Top Ten Associated Companies:

Webster Bank (7), Morgan Group (3), Customers Bank (1), Sterling National Bank (1), Peapack-Gladstone Bank (1)

Top Ten Associated People:

Olga Bogrova (5), Scott Morgan (3), Sean Winchester (1), Martin J. Brady (1)

Recent activity as company:

• Ved Parkash borrowed $5.1 million from Webster Bank for 3039 Wallace Avenue, Williamsbridge, Bronx on March 29, 2024.

• Ved Parkash borrowed $7.5 million from Webster Bank for 751 Gerard Avenue, Concourse, Bronx on December 28, 2023.

• Ved Parkash borrowed $11.5 million from Webster Bank for 162-05 89th Avenue, 90-60 179th Place, 172-20 90th Avenue, and 90-23 171st Street, Jamaica, Queens on November 06, 2023.

• Ved Parkash borrowed $10.4 million from Webster Bank for 3764 Bronx Boulevard and 4769 White Plains Road, Olinville, Bronx on October 30, 2023.

• Ved Parkash borrowed $13.2 million from Webster Bank for 50 East 191st Street, 58 East 190th Street, and 2625 Grand Concourse, Fordham Manor, Bronx on October 19, 2023.

• Ved Parkash borrowed $14 million from Webster Bank for 2165 Ryer Avenue, 2000 Anthony Avenue, 125 Mt Hope Place, and 3525 Perry Avenue, Fordham Heights, Bronx on October 16, 2023.

• Ved Parkash borrowed $8.8 million from Webster Bank for 1630 Grand Avenue and 2325 Morris Avenue, Morris Heights, Bronx on November 04, 2022.

• Ved Parkash borrowed $12.8 million from Peapack-Gladstone Bank for 3873 Orloff Avenue, Kingsbridge Heights, Bronx on May 02, 2022.

• Morgan Group sold 124 East 177th Street, Tremont, Bronx for $6.3 million to Ved Parkash on April 08, 2021.

• Ved Parkash borrowed $19.3 million from Customers Bank for 2911 Barnes Avenue, 2910 Wallace Avenue, Bronxwood, Bronx on November 25, 2020.

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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