Canvas Property Group, an entrepreneurial, tech-focused property, construction and asset management firm specializing in New York City multifamily real estate, recently announced that INSTRATA Brooklyn Heights and INSTRATA Park Slope are officially 100 percent leased. The two full-service luxury buildings have seen steady demand and generate rents above pre-pandemic rates.
INSTRATA Brooklyn Heights, at 75 Clinton Street, is steps away from chic shopping, a thriving cultural scene, buzzed-about restaurants, and exciting nightlife. INSTRATA Brooklyn Heights offers studios, one, two and three-bedrooms. Located at 150 Fourth Avenue is INSTRATA Park Slope, a 12-story building that is just steps from popular Prospect Park with 95 apartments ranging from studios to two-bedrooms that boast impressive views of the Manhattan skyline.
“The success of the buildings is a direct reflection of the high-quality product that INSTRATA Brooklyn Heights and INSTRATA Park Slope offer,” said Robert Morgenstern, Managing Principal of Canvas Property Group. “We collaborated with INSTRATA because the brand places value on building location, high quality design, top-tier amenities and thoughtfully developed home communities. We knew this was an ideal opportunity to partner with a firm that aligns with our goals.”
Canvas Property Group is applying its trademark cutting-edge technology to provide deeper levels of reporting, analysis, communication, and transparency for owners to utilize data. Canvas capitalizes on its proprietary business intelligence software tools to raise retention, drive rents, and increase transparency with its clients. Juliet Technologies was developed to cater to clients and partners who seek deeper information than a traditional income statement or traditional reports created by legacy accounting software.
Canvas Property Group has grown to three times its size since 2021, and now includes over 65 properties and nearly 2,000 multifamily units in New York City. “Our growth has been exponential despite the uncertainty that this last two years presented,” continues Morgenstern. Canvas also calls other elite institutional owners as its partners, including Meadow Partners, Benchmark Real Estate Group, and Clarion Partners.