Penn South Capital
501 Madison Ave Suite 402 New York, NY 10022
People:
Penn South Capital NYC portfolio
$226.9 million -walkup 51%, C6 18%, mixed-use 8%; Manhattan 84%, Brooklyn 15%*
888th largest portfolio by dollar value
226,221 sqft – walkup 54%, C6 13%, mixed-use 7%; Manhattan 79%, Brooklyn 20%
1434th largest by SF
30 properties – Manhattan 76%, Brooklyn 23%
327th largest
330 residential units – Manhattan 81%, Brooklyn 18%
796th largest by residential units
Company Activity past 24 months:
Buyer company: 7 for $44.2 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), Okada Denki Sangyo Co. (1), Bridge Investment Group (1), ACRES Capital (1), MidCap Financial (1), Camelot Realty Group (1), Moon Capital Management Group (1), Benefit Street Partners (1)
Top Ten Associated People:
Michael A. Mulia (3), Cynthia M. Milioto (3), Jeehae Lee (1), David Goldoff (1), Won Moon (1), Micah Goodman (1), Nicholas J. Nouvel (1), Florence Chia (1), Yelizaveta Davydova (1), Elie Tahari (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.
• Vishvass and Dan Irroni sold 135 West 24 Street for $12.5 million to Penn South Capital and WB Property Group on October 03, 2025.
• Vishvass 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 borrowed $5.5 million from JPMorgan Chase for 32 Cornelia 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: