Penn South Capital

501 Madison Ave Suite 402 New York, NY 10022

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pennsouthcapital.com

People:

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Penn South Capital portfolio

$74.6 million* – walkup 73%, C3 8%; Manhattan 87%, Brooklyn 12%

714th largest portfolio by dollar value

160,642 sqft – walkup 64%, C3 9%;

1423th largest by SF

24 properties – Manhattan 75%, Brooklyn 25%

400th largest

225 residential units – Manhattan 89%, Brooklyn 10%

816th largest by residential units

Company Activity past 24 months:

Buyer company: 12 for $68.4 million

Seller company: 5 for $24.7 million

Borrower company: 2 for $17.1 million

Top Ten Associated People:

Matthew Burrows (4), Alvaro Jinete (3), Cynthia M. Milioto (3), Morris Harary (2), Michael Keefe (2), Allison Schifini (2), Won Moon (1), Micah Goodman (1), Daniel Gutierrez (1), Nicholas J. Nouvel (1)

Recent activity as company:

• Abraham Bernat sold 175 South 4th Street, Williamsburg, Brooklyn for $3.1 million to Penn South Capital on January 21, 2025.

• Penn South Capital sold 347 Warren Street, Boerum Hill, Brooklyn for $2.5 million to Yelizaveta Davydova on January 15, 2025.

• Penn South Capital sold 137 West 14th Street, Chelsea, Manhattan for $5.2 million to People’s Forum on January 06, 2025.

• Penn South Capital borrowed $7 million from KeyBank for 174 Hester Street, Little Italy, Manhattan on January 06, 2025.

• Penn South Capital sold 72 Henry Street, Brooklyn Heights, Brooklyn for $4.1 million to company on September 13, 2024.

• Bernice Harris sold 430 East 13th Street, East Village, Manhattan for $3.4 million to Penn South Capital on April 23, 2024.

• Kushner Companies sold 99 East 3rd Street, East Village, Manhattan for $4.8 million to Penn South Capital on February 12, 2024.

• Kushner Companies sold 170 East 2nd Street and 174 East 2nd Street, Alphabet City, Manhattan for $22 million to Penn South Capital on February 08, 2024.

• Kushner Companies sold 325 East 10th Street, Alphabet City, Manhattan for $9.6 million to Penn South Capital on February 06, 2024.

• Kushner Companies sold 23 Avenue A, East Village, Manhattan for $5.1 million to Penn South Capital on February 06, 2024.

Latest Stories:

• Penn South Capital pays $3.1M for 4-unit in Williamsburg (January 22, 2025)

• Harkham Ventures pays $8.5M to Vishwaas for 19-unit rental in Greenwich Village (November 29, 2024)

• Penn South Capital pays $3.4M for 15-unit walkup in East Village (April 24, 2024)

• Penn South pays $4.8M to Kushner for mixed-use in East Village, part of $41M portfolio deal (February 13, 2024)

• Penn South pays $22M to Kushner for walkups in Alphabet City, part of $41M deal (February 09, 2024)

• Penn South Capital pays $14.7M to Kushner for two walkups in Alphabet City (February 07, 2024)

• Penn South Capital pays $6M for mixed-use in Williamsburg (January 23, 2024)

• Penn South Capital pays $3.2M for 4-unit building in Greenpoint (December 14, 2023)

• RockSolid Ventures pays $7.8M to Penn South Capital for 10-unit walkup in Alphabet City (October 05, 2023)

• Penn South Capital pays $3M for 4-family in Williamsburg (October 03, 2023)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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