Canvas Investment Partners and Tokyu Land US have closed on the $112.8-million acquisition of 436 Albee Square, a 150-unit multifamily property located in Downtown Brooklyn. The seller was Spencer Equity, Less than a month ago, the partnership between Canvas and Toyku Land US purchased 210-220 E. 22nd St. in Manhattan for $104.5 million from PGIM…
Canvas Investment Partners and Tokyu Land US buy 436 Albee Square Robert Morgenstern shelled out $113 million for a big rental tower in Downtown Brooklyn — his second nine-figure deal in the past few weeks. Morgenstern’s Canvas Investment Partners and partner Tokyu Land US paid $112.8 million for the 150-unit Azure tower at 436 Albee…
Canvas Property Group is taking over The Azure, a luxury residential tower in Downtown Brooklyn. The property management company bought the 28-story, 150-unit building at 436 Albee Square West in a joint venture with Tokyu Land U.S. from Spencer Equity Group for $112.8 million, according to broker Rosewood Realty Group. The transaction closed at a…
The partnership between Canvas and Toyku Land US has been active in Manhattan recently as well. Canvas Investment Partners and Tokyu Land US have acquired 436 Albee Square, a 150-unit mixed-use high-rise in Brooklyn, for $112.8 million. The property, also known as The Azure, was sold by Spencer Equity Group. The 28-story property on 3.6…