Kaushik Patel
(Kaushikbhai M. Patel, Kaushikbhai Patel)
Developer, Owner
Kaushik Patel NYC portfolio
$61.5 million -hotel 100%; Queens 54%, Bronx 45%*
1989th largest portfolio by dollar value
173,316 sqft – hotel 100%; Queens 57%, Bronx 42%
1720th largest by SF
5 properties – Bronx 60%, Queens 40%
1905th largest
Person Activity past 24 months:
Borrower signatory: 2 for $17.4 million
Developer (new building or major alteration): 1 for 0 square feet
Top Ten Associated Companies:
Parke Bank (1), Spring Bank (1), Hanover Community Bank (1), Queensboro Funding (1), Eileen Marquez (1), Hanmi Bank (1), Unity Bank (1)
Top Ten Associated People:
Akbar Rizvi (1), Eileen Marquez (1)
Recent activity as signatory:
• Kaushik Patel borrowed $10.5 million from Spring Bank for 290 East 150 Street on January 29, 2026.
• Kaushik Patel borrowed $6.8 million from Parke Bank for 290 East 150 Street on July 31, 2024.
• Eileen Marquez sold 290 East 150 Street for $2.2 million to Kaushik Patel on September 15, 2023.
• Kaushik Patel borrowed $5 million from Hanover Community Bank for 427 East 188 Street on March 30, 2022.
• Kaushik Patel and Chandresh Patel borrowed $12 million from Unity Bank for 41-09 21 Street on February 11, 2022.
• Kaushik Patel borrowed $11 million from Queensboro Funding for 41-09 21 Street on April 12, 2021.
• Kaushik Patel borrowed $13 million from Hanmi Bank for 40-34 Crescent Street on March 31, 2020.
• Kaushik Patel filed plans for new building for 44,059 sqft in Jamaica, Queens, on October 21, 2015.
• Kaushik Patel filed plans for new building for 58,714 sqft in Jamaica, Queens, on October 21, 2015.
• Kaushik Patel filed plans for new building for 58,715 sqft in Jamaica, Queens, on October 21, 2015.
Latest Stories:
• Kaushik Patel, Chandresh Patel sign $12M refi loan with Unity Bank for LIC hotel (March 09, 2022)
• Kaushick Patel signs $11M loan to refi new LIC hotel (May 20, 2021)