Canvas Property Group
215 Lexington Avenue 20th Floor New York, NY 10016
People:
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.
Latest Stories:
• Canvas pays $104.5M to PGIM for two rentals with 210 units in Gramercy (October 22, 2024)
• Yong Hong Guan pays $15M to Morgenstern Capital for 18-unit rental in Williamsburg (May 31, 2024)
• Canvas Property Group sells 23-unit walkup in East Village for $14.4M (January 24, 2024)
• Meadow Partners pays $23M for four walkups in Chelsea (September 13, 2023)
• Maverick buys $21M notes on Morgenstern Capital Bushwick rentals (February 02, 2021)
Properties: