116 Suffolk Street

Owner: Penn South Capital

Debt: September 14, 2021, $5.2 million

Built: 1910

Renovated: 2009

SF: 9,000

Dwelling units: 8

No. of buildings: 1

Class: Old Law Tenements (C4)

Floors: 5

HPD Ownership Registration Information

Last registered: 2025-10-11 (expires 2026-09-01)

Transactions:

• Penn South Capital borrowed $5.2 million from Kearny Bank for 116 Suffolk Street, Lower East Side, Manhattan on September 14, 2021.

• Penn South Capital borrowed $8.7 million from Shelter Growth Capital Partners for 116 Suffolk Street and 155 Rivington Street, Lower East Side, Manhattan on September 14, 2021.

• Penn South Capital borrowed $10 million from Shelter Growth Capital Partners for 116 Suffolk Street, 155 Rivington Street, Lower East Side, Manhattan on December 19, 2019.

Development:

• Raymond Chera filed major alteration job 140943148 for 7,107 sqft R-2 building with 8 apartments in Lower East Side, Manhattan, on August 24, 2020.

• Raymond Chera filed major alteration job 140943120 for 7,107 sqft R-2 building with 8 apartments in Lower East Side, Manhattan, on August 24, 2020.

• Raymond Chera filed alteration job M00980947 for 240 sqft R-3 building with 8 apartments in Lower East Side, Manhattan, on December 22, 2023.

• Raymond Chera filed alteration job M00814120 for 1 sqft R-2 building with 8 apartments in Lower East Side, Manhattan, on March 01, 2023.

• Raymond Chera filed alteration job M00494444 for 3,700 sqft R-2 building with 8 apartments in Lower East Side, Manhattan, on April 30, 2021.

• Raymond Chera filed alteration job M00318108 for 290 sqft R-2 building with 8 apartments in Lower East Side, Manhattan, on March 02, 2020.

• Raymond Chera filed alteration job 123050214 for R-2 building with 8 apartments in Lower East Side, Manhattan, on January 31, 2020.

Violations:

According to city public data, the properties have received $150 in OATH penalties in the last year.