Robert Morgenstern
Founder And Ceo
Canvas Property Group
Owner
215 Lexington Avenue 20th Floor New York, NY 10016
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
Person Activity past 24 months:
Buyer signatory: 2 for $217.3 million
Seller signatory: 4 for $108.5 million
Borrower signatory: 2 for $117 million
Top Ten Associated Companies:
Greystone & Co. (2), MUFG Bank (1), One Wealth Partners (1), Meadow Partners (1), Tokyu Land US (1), Four Winds Real Estate (1), Alan Lerner (1), Erica Lerner (1), Elynn Lerner (1), Spencer Equity Group (1)
Top Ten Associated People:
Masahiro Masuyama (1), Steven M. Dark (1), Jeffrey Kaplan (1), Tadashi Yoshimi (1), David Schneiderman (1), Joel Gluck (1), Xiaorong Zhai (1), Michael A. Mulia (1), Ann Sutton (1), Lynn deCastro (1)
Recent activity as signatory:
• 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 Investment Partners and Tokyu Land US borrowed $60 million from MUFG Bank for 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn on February 28, 2025.
• Canvas Investment Partners and Tokyu Land US borrowed $57 million from Tokyu Land US for 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn on November 14, 2024.
• Spencer Equity Group sold 430 Albee Square and 430 Albee Square, Downtown Brooklyn, Brooklyn for $112.8 million to Canvas Investment Partners and Tokyu Land US on November 14, 2024.
• PGIM Real Estate sold 224 East 22 Street for $104.5 million to Canvas Property Group on October 16, 2024.
• Morgenstern Capital and H.I.G. Capital sold 47 East 34 Street for $68 million to Four Winds Real Estate, Alan Lerner, Erica Lerner and Elynn Lerner on May 21, 2024.
• Morgenstern Capital sold 355 Lorimer Street for $15 million to Yong Hong Guan on May 17, 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.
Latest Stories:
• Jade Century Properties pays $9M to Canvas for 22-unit walkup in Park Slope (June 04, 2025)
• Canvas, Tokyu sign $60M refi with MUFG Bank in Downtown Brooklyn (March 07, 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)