Founded by Lucky Bhalla over 35 years ago, Ascot Properties NYC is a fully integrated New York-based real estate firm focused on investments in 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 5 boroughs of New York City, and nationwide.
As a developer, Ascot has focused on residential condominiums, coop conversions, and new construction. In New York City alone, the firm has converted upwards of 1,000 residential units and condominiums.
Lucky Bhalla has been a real estate investor, manager and financier in the New York City area for thirty five years. He has developed and acquired upwards of 3 million square feet of income producing assets and development sites.
Mr. Bhalla resides in Tribeca with his family.
Michael Brown has been with Ascot for over seven years and holds both Bachelor's and Masters degrees from Cornell University. He has worked in both the regulatory and entitlement fields at different locations around the world and is a member of the American Institute of Certified Planners.
Mr. Brown is a lifelong Brooklyn resident, where he resides with his family.