84-23 37 Avenue

Owner: Ashok Patel

Debt: March 04, 2024, $12.5 million

Built: 1946

Renovated: 2019

SF: 47,661

Dwelling units: 40

No. of buildings: 1

Class: Semi-Fireproof With Stores (D7)

Floors: 5

Transactions:

• Company sold 35-64 85th Street, 84-11 37th Avenue, and 84-11 37th Avenue, Jackson Heights, Queens for $0 to company on May 30, 2025.

• Ashok Patel borrowed $12.5 million from Bethpage Federal Credit Union for 35-64 85th Street, Jackson Heights, Queens on March 04, 2024.

• Ashok Patel borrowed $7 million from Lancewood Capital for 84-11 37th Avenue, Jackson Heights, Queens on November 28, 2022.

• Ashok Patel borrowed $5 million from Spruce Capital for 84-11 37th Avenue, Jackson Heights, Queens on September 20, 2021.

Development:

• Ashok Patel filed plans for alteration in Jackson Heights, Queens, on October 08, 2024.

• Mike Gregor filed plans for alteration in Jackson Heights, Queens, on September 25, 2024.

• Ashok Patel filed plans for alteration in Jackson Heights, Queens, on June 26, 2024.

• Ashok Patel filed plans for alteration in Jackson Heights, Queens, on February 16, 2024.

• Ashok Patel filed plans for alteration in Jackson Heights, Queens, on September 28, 2023.

Violations:

According to city public data, the properties have received $130 in OATH penalties in the last year.