Ashok Patel

Owner

Ashok Patel NYC portfolio

$16.6 million* – elevator 100%; Queens 100%, Manhattan 0%

3272th largest portfolio by dollar value

47,661 sqft – elevator 100%;

2939th largest by SF

40 residential units – Queens 100%, Manhattan 0%

2421th largest by residential units

Person Activity past 24 months:

Borrower signatory: 1 for $12.5 million

Developer (new building or major alteration): 10 for 0 square feet

Top Ten Associated Companies:

Lancewood Capital (1), Bethpage Federal Credit Union (1), Spruce Capital (1)

Top Ten Associated People:

Stephanie Platzman-Diamant (1)

Recent activity as company:

Ashok Patel borrowed $12.5 million from Bethpage Federal Credit Union for 35-64 85th Street, Jackson Heights, Queens on March 04, 2024.

Ashok Patel borrowed $7 million from Lancewood Capital for 84-11 37th Avenue, Jackson Heights, Queens on November 28, 2022.

Ashok Patel filed plans for new building for 24,033 sqft in North Corona, Queens, on September 20, 2022.

Ashok Patel borrowed $5 million from Spruce Capital for 84-11 37th Avenue, Jackson Heights, Queens on September 20, 2021.

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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