Ascot Properties NYC

Overview

Ascot Properties NYC is a fully integrated real estate firm specializing in investments across multi-family, office, and retail properties, as well as performing and non-performing real estate loans. The firm has also developed numerous residential and resort projects. Seeking to employ a buy and hold strategy and to create long-term value by growing its portfolio of real estate holdings, Ascot has significant property interests throughout the five boroughs of New York City and nationwide. As a developer, Ascot has focused on residential condominiums, cooperative conversions, and new construction. In New York City alone, the firm has converted upwards of 1,000 residential units and condominiums. The company's portfolio includes properties such as 121 Varick Street, 126 University Place, 131 Greene Street, and 138 Greene Street in Manhattan. Ascot Properties NYC is led by founder Amarjit 'Lucky' Bhalla, who established the firm over 30 years ago. The team also includes Michael L. Brown and Luca S. Bhalla. The firm's approach emphasizes a buy and hold strategy, aiming to create long-term value by expanding its real estate holdings across diverse sectors and locations.

Investment Focus

• Opportunistic investments in multi-family, office, and retail properties
• Performing and non-performing real estate loans
• Residential and resort development projects
• Buy and hold strategy for long-term value creation
• Significant property interests throughout New York City and nationwide

Portfolio Companies