Parag Sawhney
Penn South Capital
501 Madison Ave Suite 402 New York, NY 10022
Penn South Capital|Vishvass|VRH Inc. 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
Person Activity past 24 months:
Buyer signatory: 13 for $70.9 million
Seller signatory: 4 for $21.4 million
Borrower signatory: 2 for $17.1 million
Top Ten Associated Companies:
Kushner Companies (4), Musano family (3), KeyBank (3), Michael Keefe (2), MidCap Financial (1), Moon Capital Management Group (1), Morris Harary (1), Benefit Street Partners (1), Joseph Hon Yu (1), Ho-Chu Yao (1)
Top Ten Associated People:
Matthew Burrows (4), Alvaro Jinete (3), Cynthia M. Milioto (3), Michael Keefe (2), Allison Schifini (2), Won Moon (1), Morris Harary (1), Micah Goodman (1), Joseph Hon Yu (1), Ho-Chu Yao (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.
• Avi Sacks sold 137 Orchard Street, Lower East Side, Manhattan for $2.5 million to Gorjian Real Estate Group and VRH Inc. on December 10, 2024.
• Vishwaas sold 76-78 Carmine Street, Greenwich Village, Manhattan for $8.5 million to Harkham Ventures on November 27, 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.
Latest Stories:
• Penn South Capital pays $3.1M for 4-unit in Williamsburg (January 22, 2025)
• Penn South Capital pays $3.4M for 15-unit walkup in East Village (April 24, 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)