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%
766th largest portfolio by dollar value
240,721 sqft – hotel 95%, walkup 4%;
1042th largest by SF
5 properties – Queens 60%, Manhattan 40%
1520th largest
16 residential units – Manhattan 100%, Bronx 0%
3444th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $57.5 million
Borrower signatory: 2 for $63 million
Developer (new building or major alteration): 11 for 46,094 square feet
Top Ten Associated Companies:
Industrial and Commercial Bank of China (1), Metro City Bank (1), Zhidong Wu (1), James Juhn (1), George Baharestani (1), Dime Community Bank (1), McSam Hotel Group (1)
Top Ten Associated People:
Farid Tan (1), Zhidong Wu (1), James Juhn (1), George Baharestani (1), Mario Colon (1), Sam Chang (1)
Recent activity as signatory:
• Jasmin Patel borrowed $38 million from Industrial and Commercial Bank of China for 319-321 West 38th Street, Garment District, Manhattan on March 18, 2025.
• Jasmin Patel borrowed $25 million from Metro City Bank for 38-11 10th Street, Long Island City, Queens on March 28, 2024.
• McSam Hotel Group sold 38-11 10th Street, Long Island City, Queens for $40.5 million to Jasmin Patel on March 28, 2024.
• James Juhn and George Baharestani sold 38-60 13th Street, Long Island City, Queens for $17 million to Jasmin Patel on July 07, 2023.
• Jasmin Patel borrowed $24.9 million from Dime Community Bank for 16-18 East 30th Street, NoMad, Manhattan on August 10, 2022.
• Jasmin Patel sold 45-17 Davis Street, Long Island City, Queens for $11 million to Zhidong Wu on July 30, 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 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)
• Jasmin Patel paid $10M to JTC Industries (August 19, 2019)
• McSam Hotel Group obtained financing of $8M from Sterling National Bank (July 25, 2019)
Properties: