427 East 188 Street

Owner: Kaushik Patel

Acquired: August 26, 2020, $2.2 million

Debt: April 21, 2022, $5 million

Built: 2021

Renovated: 2020

SF: 22,396

Dwelling units: 0

No. of buildings: 1

Class: Miscellaneous (H9)

Floors: 6

Transactions:

• Kaushik Patel borrowed $5 million from Hanover Community Bank for 427 East 188th Street, Belmont/Little Italy, Bronx on April 21, 2022.

• Lloyd Comrie sold 4720 Park Avenue, Tremont, Bronx for $2.2 million to Park Hotel Bronx LLC on August 26, 2020.

Development:

• Arpitkumar Patel filed plans for alteration in Belmont/Little Italy, Bronx, on October 10, 2022.

• Kaushik Patel filed plans for A3 in Belmont/Little Italy, Bronx, on August 16, 2022.

• Lucio Gil Rumaldo filed plans for alteration in Belmont/Little Italy, Bronx, on February 03, 2022.

• Arpitkumar Patel filed plans for alteration in Belmont/Little Italy, Bronx, on January 27, 2022.

• Kaushik Patel filed plans for alteration in Belmont/Little Italy, Bronx, on November 30, 2021.

Violations:

According to city public data, the properties have received $3,750 in ECB penalties and $3,800 in OATH penalties in the last year.