Maheshchand Ratanji
(Mahesh M. Ratanji, Maheshchand M. Ratanji, Mahesh Ratanji)
Owner
1300 Tonnelle Ave North Bergen, NJ 07047
Maheshchand Ratanji NYC portfolio
$497.1 million -hotel 80%, development 13%, office 6%; Brooklyn 49%, Bronx 23%, Manhattan 18%*
447th largest portfolio by dollar value
850,423 sqft – hotel 90%, development 5%, H3 1%; Brooklyn 50%, Bronx 25%, Manhattan 15%
554th largest by SF
36 properties – Brooklyn 52%, Bronx 27%, Manhattan 11%
272th largest
225 residential units – Brooklyn 100%
1074th largest by residential units
Person Activity past 24 months:
Buyer signatory: 5 for $94.8 million
Borrower signatory: 12 for $165.8 million
Top Ten Associated Companies:
State Bank of Texas (11), PCSB Bank (6), Webster Bank (5), Sterling National Bank (2), Parke Bank (2), Crown Bank (2), Customers Bank (2), Ponce Bank (2), Rajendra R. Patel (2), Mamraben R. Patel (2)
Top Ten Associated People:
Stephanie Melowsky (4), Melody Collins (3), Grace Sabino (3), Sushil Patel (3), Andrew Edge (2), Vincent Micco (2), Jin Sup An (2), Rajendra R. Patel (2), Tejpal Sandhu (1), Matthew Furay (1)
Recent activity as signatory:
• Maheshchand Ratanji borrowed $9.7 million from Crown Bank for 1164 Wheeler Avenue, Soundview, Bronx on June 25, 2026.
• Maheshchand M. Ratanji borrowed $2.9 million from Customers Bank for None on April 24, 2026.
• Maheshchand M. Ratanji borrowed $23 million from State Bank of Texas for 1 Duryea Place on April 22, 2026.
• Andrew Roufail sold 540 West 48 Street for $49.6 million to Maheshchand Ratanji on December 23, 2025.
• Maheshchand Ratanji borrowed $30 million from Webster Bank for 540 West 48 Street on December 23, 2025.
• Maheshchand M. Ratanji borrowed $20 million from Crown Bank for 869 Concourse Village West on December 22, 2025.
• Maheshchand Ratanji borrowed $11.7 million from State Bank of Texas for 156 Bruckner Boulevard on November 26, 2025.
• Maheshchand Ratanji borrowed $12 million from Parke Bank for 181 Empire Boulevard on November 12, 2025.
• Maheshchand Ratanji borrowed $10 million from State Bank of Texas for 2384 Atlantic Avenue on July 08, 2025.
• SMA Group NYC sold 449 West 36 Street for $14 million to Maheshchand Ratanji on December 30, 2024.
Latest Stories:
• Maheshchand Ratanji signs $23M construction loan for hotel project in Flatbush (May 07, 2026)
• Maheshchand Ratanji buys hotel in Hell’s Kitchen for $49.625M (January 08, 2026)
• Maheshchand Ratanji pays $14M to SMA Group NYC for hotel in Hudson Yards (January 15, 2025)
• Maheshchand Ratanji pays $22M for hotel in Bedford Stuyvesant (October 18, 2024)
• M&R Hotel signs $38.7M refi for hotel in Hell’s Kitchen (September 05, 2024)
• Maheshchand Ratanji pays $9.2M for formerly foreclosed hotel in Gowanus (August 23, 2024)
• Maheshchand Ratanji signs $15M refi for new hotel in East Morrisania (July 24, 2024)
• Lender acquires Union Hotel in Gowanus through $8M foreclosure transfer (December 15, 2023)
• Maheshchand Ratanji pays $6M for 85-room hotel in Concourse Village (March 17, 2023)