Penn South Capital pays $4M in East Village

Penn South Capital through the entity 73 E 2nd Manhattan LLC paid Tesoruccia Inc. $4.0 million for 73 East 2nd Street in East Village. The deal closed on September 21, 2020, and was recorded on October 1, 2020. The transaction consists of 1 parcel, including the tax class multifamily, old law tenements (C4) and containing 10 residential units. The property is 6,825 square feet. The parcel(s) have total development potential of 6,825 square feet.
The average sale price per square foot is $586.

The contract date was June 30, 2020. Parag Sawhney is founder of Penn South.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Parag Sawhney

Update: At the request of an individual, a signatory’s name was removed from the article.