Jasmin Patel
(Jaz Patel)
Owner
Individual
39-34 21st St Long Island City, NY 11101
Jasmin Patel NYC portfolio
$196.7 million -hotel 74%, walkup 25%; Queens 57%, Manhattan 42%*
973th largest portfolio by dollar value
240,721 sqft – hotel 95%, walkup 4%; Queens 73%, Manhattan 26%
1378th largest by SF
5 properties – Queens 60%, Manhattan 40%
1851th largest
16 residential units – Manhattan 100%
4041th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $40.5 million
Borrower signatory: 2 for $63 million
Developer (new building or major alteration): 15 for 88,567 square feet
Top Ten Associated Companies:
Zhidong Wu (1), Dime Community Bank (1), Metro City Bank (1), McSam Hotel Group (1), Industrial and Commercial Bank of China (1), James Juhn (1), George Baharestani (1)
Top Ten Associated People:
Zhidong Wu (1), Mario Colon (1), Farid Tan (1), Sam Chang (1), James Juhn (1), George Baharestani (1)
Recent activity as signatory:
• Jasmin Patel borrowed $38 million from Industrial and Commercial Bank of China for 319 West 38 Street on February 27, 2025.
• Jasmin Patel borrowed $25 million from Metro City Bank for 38-11 10 Street on March 22, 2024.
• McSam Hotel Group sold 38-11 10 Street for $40.5 million to Jasmin Patel on March 22, 2024.
• James Juhn and George Baharestani sold 38-60 13 Street for $17 million to Jasmin Patel on June 30, 2023.
• Jasmin Patel borrowed $24.9 million from Dime Community Bank for 18 East 30 Street on August 03, 2022.
• Jasmin Patel sold 45-13 Davis Street for $11 million to Zhidong Wu on July 21, 2021.
• Jasmin Patel filed plans for new building for 44,243 sqft in Garment District, Manhattan, on December 11, 2014.
• Jasmin Patel filed plans for new building for 37,020 sqft in NoMad, Manhattan, on November 09, 2013.
Latest Stories:
• Jasmin Patel signs $38M construction loan for 187-key hotel in Garment District (March 20, 2025)
• Jasmin Patel pays $17M for LIC hotel that was facing foreclosure (July 10, 2023)
• Letap Group signs contract to buy from McSam Hotel Group LIC hotel project (January 09, 2023)
• Jasmin Patel signs $24.9M refi loan with Dime Community Bank for hotel in NoMad (August 11, 2022)
• Zhi Dong Wu pays $11M to Jasmin Patel for industrial in Long Island City (August 02, 2021)