Canvas Property Group
215 Lexington Avenue 20th Floor New York, NY 10016
People:
Canvas Property Group NYC portfolio
$138 million -elevator 84%, walkup 15%; Manhattan 84%, Brooklyn 15%*
1325th largest portfolio by dollar value
181,332 sqft – elevator 78%, walkup 21%; Manhattan 78%, Brooklyn 21%
1761th largest by SF
5 properties – Manhattan 60%, Brooklyn 40%
1988th largest
264 residential units – Manhattan 87%, Brooklyn 12%
1002th largest by residential units
Company Activity past 24 months:
Buyer company: 1 for $104.5 million
Seller company: 2 for $25.5 million
Borrower company: 2 for $69.8 million
Top Ten Associated Companies:
Greystone & Co. (2), Meadow Partners (1), One Wealth Partners (1), Sun Frontier Fudousan Co. (1), Jade Century Properties (1), Peapack Private Bank & Trust (1), Tokyu Land Corporation (1)
Top Ten Associated People:
Ann Sutton (1), Jeffrey Kaplan (1), Steven M. Dark (1), Michael A. Mulia (1), Xiaorong Zhai (1), Kenneth Stagnari (1), Tadashi Yoshimi (1)
Recent activity as company:
• Canvas Property Group borrowed $6.8 million from Peapack Private Bank & Trust for 156 Prince Street, SoHo, Manhattan on June 02, 2026.
• Canvas Property Group sold 245 Eldridge Street for $16.5 million to Sun Frontier Fudousan Co. on December 19, 2025.
• Canvas Property Group sold 308 1 Street for $9 million to Jade Century Properties on May 20, 2025.
• PGIM Real Estate sold 224 East 22 Street for $104.5 million to Canvas Property Group on October 16, 2024.
• Canvas Property Group borrowed $63 million from Tokyu Land Corporation for 224 East 22 Street on October 16, 2024.
• Morgenstern Capital and Canvas Property Group sold 118 2 Avenue for $14.4 million to One Wealth Partners on January 12, 2024.
• Morgenstern Capital and Canvas Property Group sold 203 10 Avenue for $23 million to Meadow Partners on September 07, 2023.
• Canvas Property Group borrowed $10.4 million from Greystone & Co. for 245 Eldridge Street on July 31, 2023.
• Canvas Property Group borrowed $22 million from Greystone & Co. for 186 Himrod Street on July 13, 2021.
Latest Stories:
• Jade Century Properties pays $9M to Canvas for 22-unit walkup in Park Slope (June 04, 2025)
• 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)
• Robert Morgenstern borrows $7M from Signature Bank for property in Park Slope (August 18, 2020)
Properties: