Penn South Capital
Overview
Penn South Capital is a real estate investment firm specializing in multifamily properties in New York City. Founded in 2014, the firm focuses on strategically acquiring, redeveloping, and repositioning undervalued mixed-use and multifamily properties in and around major cities. Their goal is to deliver superior and sustainable risk-adjusted returns to investors. Unlike its peers, the firm's founding members invest a significant amount of their own capital in each deal, ensuring an owner mentality in development, management, and leasing of the firm's portfolio. The firm's success is driven by its impeccable reputation in the mid-market value-add space, characterized by unmatched deal sourcing, strong lender relationships, a wide contractor pool, innovative leasing techniques, and an owner mentality. Their current portfolio is focused on New York City and New Jersey, with a total value of $226.9 million across 30 properties, including walkup buildings, C6 properties, and mixed-use developments. The portfolio comprises 330 residential units, with a majority located in Manhattan and Brooklyn. Recent activities include the sale of 191 East 7 Street for $4.7 million to Hiyoshi Systems Co. on March 25, 2026, and the borrowing of $35.5 million from Bridge Investment Group for 262 Elizabeth Street on February 27, 2026. The firm's leadership includes owner Parag Sawhney, who has been involved in multiple transactions totaling over $46 million in the past 24 months. Penn South Capital's approach combines an entrepreneurial mindset with institutional execution, aiming to create long-term value for its investors and partners.
Investment Focus
- Undervalued mixed-use and multifamily properties in and around major cities
- Properties with potential for redevelopment or repositioning
- Opportunities that can deliver superior and sustainable risk-adjusted returns
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Penn South Capital
What sectors does Penn South Capital invest in?
Penn South Capital invests in Real Estate, and is based in New York, United States. Penn South Capital is listed as a private investment firm in the ConnectSafely investor database.
What stage does Penn South Capital invest at?
Penn South Capital backs companies at Growth and Buyout.
Which regions does Penn South Capital invest in?
Penn South Capital invests across United States.
Who are the partners at Penn South Capital?
Team members listed for Penn South Capital include Parag Sawhney (founder & managing partner) and David Goldoff (General Partner).
What companies has Penn South Capital invested in?
Penn South Capital's portfolio includes 191 East 7 Street, 262 Elizabeth Street, 133 Java Street, 110 South 2 Street, 135 West 24 Street, 32 Cornelia Street, 20 East 13 Street and 138 Noble Street.
How do I contact Penn South Capital?
Penn South Capital's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
