Canvas Property Group
215 Lexington Avenue 20th Floor New York, NY 10016
People:
Canvas Property Group NYC portfolio
$129 million -elevator 83%, walkup 16%; Manhattan 83%, Brooklyn 16%*
1282th largest portfolio by dollar value
166,332 sqft – elevator 76%, walkup 23%; Manhattan 76%, Brooklyn 23%
1754th largest by SF
4 properties – Manhattan 50%, Brooklyn 50%
2210th largest
244 residential units – Manhattan 86%, Brooklyn 13%
980th 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: 1 for $63 million
Top Ten Associated Companies:
Greystone & Co. (2), One Wealth Partners (1), Meadow Partners (1), Jade Century Properties (1), Sun Frontier Fudousan Co. (1), Tokyu Land Corporation (1)
Top Ten Associated People:
Steven M. Dark (1), Jeffrey Kaplan (1), Xiaorong Zhai (1), Michael A. Mulia (1), Tadashi Yoshimi (1), Ann Sutton (1)
Recent activity as company:
• 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.
• Canvas Property Group borrowed $63 million from Tokyu Land Corporation for 224 East 22 Street on October 16, 2024.
• PGIM Real Estate sold 224 East 22 Street for $104.5 million to Canvas Property Group 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: