Canvas Property Group

215 Lexington Avenue 20th Floor New York, NY 10016

People:

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Canvas Property Group portfolio

$66.5 million* – elevator 80%, walkup 19%; Manhattan 86%, Brooklyn 13%

781th largest portfolio by dollar value

180,493 sqft – elevator 70%, walkup 29%;

1311th largest by SF

5 properties – Manhattan 60%, Brooklyn 40%

1498th largest

254 residential units – Manhattan 86%, Brooklyn 13%

736th largest by residential units

Company Activity past 24 months:

Buyer company: 1 for $104.5 million

Seller company: 2 for $37.5 million

Borrower company: 2 for $73.4 million

Top Ten Associated Companies:

Greystone & Co. (2), Meadow Partners (1), One Wealth Partners (1), PGIM Real Estate (1), Tokyu Land Corporation (1)

Top Ten Associated People:

Ann Sutton (1), Jeffrey Kaplan (1), Steven M. Dark (1), Lynn deCastro (1), Tadashi Yoshimi (1)

Recent activity as company:

Canvas Property Group borrowed $63 million from Tokyu Land Corporation for 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan on October 21, 2024.

PGIM Real Estate sold 220 East 22nd Street and 210 East 22nd Street, Gramercy, Manhattan for $104.5 million to Canvas Property Group on October 21, 2024.

Morgenstern Capital and Canvas Property Group sold 118 2nd Avenue, East Village, Manhattan for $14.4 million to One Wealth Partners on January 23, 2024.

Morgenstern Capital and Canvas Property Group sold 203 10th Avenue, 205 10th Avenue, 505 West 22nd Street, and 207 10th Avenue, Chelsea, Manhattan for $23 million to Meadow Partners on September 12, 2023.

Canvas Property Group borrowed $10.4 million from Greystone & Co. for 245 Eldridge Street, Lower East Side, Manhattan on August 11, 2023.

Canvas Property Group borrowed $22 million from Greystone & Co. for 1381 Myrtle Avenue and 347 Lorimer Street, Bushwick, Brooklyn on September 27, 2021.

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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