Kaushik Patel
(Kaushikbhai M. Patel, Kaushikbhai Patel)
Developer, Owner
Kaushik Patel NYC portfolio
$56.6 million* – hotel 100%; Queens 58%, Bronx 41%
1690th largest portfolio by dollar value
173,316 sqft – hotel 100%;
1342th largest by SF
5 properties – Bronx 60%, Queens 40%
1562th largest
Person Activity past 24 months:
Buyer signatory: 1 for $2.2 million
Borrower signatory: 1 for $6.8 million
Developer (new building or major alteration): 1 for 0 square feet
Top Ten Associated Companies:
Unity Bank (1), Eileen Marquez (1), Queensboro Funding (1), Parke Bank (1), Hanmi Bank (1), Hanover Community Bank (1)
Top Ten Associated People:
Eileen Marquez (1)
Recent activity as company:
• Kaushik Patel borrowed $6.8 million from Parke Bank for 290 East 150th Street, Melrose, Bronx on August 20, 2024.
• Eileen Marquez sold 290 East 150th Street, Melrose, Bronx for $2.2 million to Kaushik Patel on October 17, 2023.
• Kaushik Patel borrowed $5 million from Hanover Community Bank for 427 East 188th Street, Belmont/Little Italy, Bronx on April 21, 2022.
• Kaushik Patel and Chandresh Patel borrowed $12 million from Unity Bank for 41-01 21st Street, Long Island City, Queens on March 08, 2022.
• Kaushik Patel borrowed $11 million from Queensboro Funding for 41-01 21st Street, Long Island City, Queens on May 19, 2021.
• Kaushik Patel borrowed $13 million from Hanmi Bank for 40-34 Crescent Street, Long Island City, Queens on July 06, 2020.
• Kaushik Patel filed plans for new building for 22,031 sqft in Melrose, Bronx, on March 12, 2020.
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)
Properties: