Maheshchand Ratanji
(Maheshchand M. Ratanji, Mahesh Ratanji, Mahesh M. Ratanji)
Owner
1300 Tonnelle Ave North Bergen, NJ 07047
Maheshchand Ratanji NYC portfolio
$493.9 million -hotel 79%, development 13%, office 6%; Brooklyn 49%, Bronx 23%, Manhattan 19%*
447th largest portfolio by dollar value
822,448 sqft – hotel 90%, development 5%, H3 1%; Brooklyn 52%, Bronx 22%, Manhattan 15%
558th largest by SF
35 properties – Brooklyn 54%, Bronx 25%, Manhattan 11%
271th largest
224 residential units – Brooklyn 100%
1056th largest by residential units
Person Activity past 24 months:
Buyer signatory: 5 for $94.8 million
Borrower signatory: 11 for $156.1 million
Top Ten Associated Companies:
State Bank of Texas (11), PCSB Bank (6), Webster Bank (5), Ponce Bank (2), Sterling National Bank (2), Parke Bank (2), Customers Bank (2), Rajendra R. Patel (2), Mamraben R. Patel (2), First Federal Savings of Middletown (1)
Top Ten Associated People:
Stephanie Melowsky (4), Sushil Patel (3), Grace Sabino (3), Melody Collins (3), Jin Sup An (2), Rajendra R. Patel (2), Andrew Edge (2), Himanshu Dadarwala (1), Joseph Yunatanov (1), Jack Braha (1)
Recent activity as signatory:
• Maheshchand M. Ratanji borrowed $2.9 million from Customers Bank for 134 22nd Street, Greenwood Heights, Brooklyn on April 24, 2026.
• Maheshchand M. Ratanji borrowed $23 million from State Bank of Texas for 1 Duryea Place on April 22, 2026.
• Maheshchand Ratanji borrowed $30 million from Webster Bank for 540 West 48 Street on December 23, 2025.
• Andrew Roufail sold 540 West 48 Street for $49.6 million to Maheshchand Ratanji 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.
• Maheshchand Ratanji borrowed $9.8 million from State Bank of Texas for 449 West 36 Street on December 30, 2024.
• 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)