94 Avenue A

Owner: Penn South Capital

Debt: July 26, 2022, $11 million

Built: 1920

Renovated: 1999

SF: 12,280

Dwelling units: 9

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 5

HPD Ownership Registration Information

Last registered: 2025-10-03 (expires 2026-09-01)

Transactions:

• Penn South Capital borrowed $11 million from Cathay Bank for 94-96 Avenue A, Alphabet City, Manhattan on July 26, 2022.

Development:

• Parag/Raymond Sawhney/Chera filed major alteration job M01239155 for 8,304 sqft R-2 building with 9 apartments in Alphabet City, Manhattan, on July 03, 2025.

• Raymond Chera filed major alteration job 123901652 for 10,151 sqft R-2 building with 9 apartments in Alphabet City, Manhattan, on May 17, 2019.

• Parag/Raymond Sawhney/Chera filed alteration job M01387758 for 520 sqft R-2 building with 9 apartments in Alphabet City, Manhattan, on April 28, 2026.

• Parag/Raymond Sawhney/Chera filed alteration job M01244056 for 1 sqft RES building with 9 apartments in Alphabet City, Manhattan, on June 26, 2025.

• Raymond Chera filed alteration job M00789505 for 1 sqft building with 9 apartments in Alphabet City, Manhattan, on August 16, 2022.

• Raymond Chera filed alteration job 140955303 for RES building with 11 apartments in Alphabet City, Manhattan, on September 21, 2020.

• Raymond Chera filed alteration job 140938939 for R-2 building with 11 apartments in Alphabet City, Manhattan, on August 13, 2020.

Violations:

According to city public data, the properties have received one housing violation and $1,075 in OATH penalties in the last year.