Penn South Capital
501 Madison Ave Suite 402 New York, NY 10022
People:
Penn South Capital NYC portfolio
$214.4 million -walkup 54%, C6 19%, mixed-use 8%; Manhattan 83%, Brooklyn 16%*
1014th largest portfolio by dollar value
213,612 sqft – walkup 58%, C6 14%, mixed-use 7%; Manhattan 78%, Brooklyn 21%
1577th largest by SF
29 properties – Manhattan 75%, Brooklyn 24%
392th largest
307 residential units – Manhattan 80%, Brooklyn 19%
898th largest by residential units
Notes
Parag Sawhney leads three investment companies, VRH Inc. for himself; Penn South Capital for one group of partners and Vishwaas for another group of partners.
Company Activity past 24 months:
Buyer company: 6 for $40.9 million
Seller company: 8 for $59.7 million
Borrower company: 6 for $72.7 million
Developer (new building or major alteration): 1 for 9,696 square feet
Top Ten Associated Companies:
KeyBank (3), Shelter Growth Capital Partners (2), JPMorgan Chase (2), Midcap Financial (1), People’s Forum (1), RockSolid Ventures (1), Hiyoshi Systems Co. (1), Son Nguyen (1), Belkin Burden Goldman registered (1), Carlyle Group (1)
Top Ten Associated People:
Cynthia M. Milioto (3), Michael A. Mulia (3), Elie Tahari (1), Sandor Krauss (1), Son Nguyen (1), Ursula Flores (1), Jennifer Lico (1), Jennifer Smith (1), Steve Spanolios (1), Craig Dix (1)
Recent activity as company:
• Penn South Capital sold 191 East 7 Street for $4.7 million to Hiyoshi Systems Co. on March 25, 2026.
• Penn South Capital and Gorjian Real Estate Group borrowed $35.5 million from Bridge Investment Group for 262 Elizabeth Street on February 27, 2026.
• Penn South Capital sold 133 Java Street for $4.7 million to Okada Denki Sangyo Co. on February 11, 2026.
• Penn South Capital and Robert Rahmanian borrowed $6.8 million from Goldman Sachs for 110 South 2 Street on December 19, 2025.
• Penn South Capital borrowed $5.5 million from JPMorgan Chase for 32 Cornelia Street on October 03, 2025.
• Vishwaas and Dan Irroni sold 135 West 24 Street for $12.5 million to Penn South Capital and WB Property Group on October 03, 2025.
• Vishwaas and Dan Irroni sold 32 Cornelia Street for $8 million to Penn South Capital on October 03, 2025.
• Penn South Capital and WB Property Group borrowed $9.7 million from Derby Copeland Capital for 135 West 24 Street on October 03, 2025.
• Penn South Capital sold 20 East 13 Street for $24.9 million to Belkin Burden Goldman registered on August 21, 2025.
• Penn South Capital sold 138 Noble Street for $5.6 million to Carlyle Group and Greenbrook Partners on August 20, 2025.
Latest Stories:
• Japanese firm pays $4.7M to Penn South Capital for 3-family in Greenpoint (March 02, 2026)
• Penn South buys 2 Manhattan rentals from Vishvass for $20.5M (October 17, 2025)
• Penn South Capital pays $11M to Kushner, C-III, for two walkups in Boerum Hill (May 21, 2025)
• Son Nguyen pays $8.1M to Penn South Capital for 9-unit walkup in East Village (April 25, 2025)
• Penn South Capital pays $2.8M for 3-family in Greenpoint (February 27, 2025)
• Penn South Capital pays $3.1M for 4-unit in Williamsburg (January 22, 2025)
Properties: