Parag Sawhney Of Penn South Capital Acquires Mixed-use Property For $5.1M In Manhattan
238 East 77th Street
$5,100,000
$728/SF
Building Size
7,000 SF
Asset Type
Mixed-use
Closing
Sep 14, 2026
About this deal
AI
A mixed-use property located at 238 East 77th Street in Manhattan’s Lenox Hill neighborhood was sold for $5.1 million. The property encompasses 7,000 square feet, resulting in a valuation of approximately $729 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,100,000
- Buyer: Parag Sawhney
- Buyer’s Company: Penn South Capital
- Seller: Richard H. Kaplowitz
- Transaction Date: September 14, 2026
- Market: Lenox Hill, Manhattan
- Square Footage: 7,000
- Price Per Square Foot: $729
Parag Sawhney represented Penn South Capital in acquiring the property from seller Richard H. Kaplowitz. This transaction highlights the engagement of notable individuals in the real estate market within Manhattan.
On the Map
$5,100,000
$728/SF
Mixed-use
View full map
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Parag Sawhney to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93