184 Conover Street
Red Hook, Brooklyn
Parcel ID (BBL): 3005740001
Owner: Bungalow Projects
Acquired: May 01, 2024, $35.1 million
Debt: September 25, 2025, $64.1 million
Built: 0
Renovated: 2022
SF: 0
Dwelling units: 0
No. of buildings: 1
Class: Not Zoned Residential or Manhattan Below 110 St (V1)
Legacy BBLs: 3005740001
Transactions:
• Bungalow Projects and Bain Capital Real Estate borrowed $64.1 million from Farallon Capital Management for 63 Ferris Street, Red Hook, Brooklyn on September 25, 2025.
• Four Points sold 63-79 Ferris Street, 186-196 Conover Street, and 184 Conover Street, Red Hook, Brooklyn for $35.1 million to Bungalow Projects and Bain Capital Real Estate on May 01, 2024.
• Four Points borrowed $16.1 million from Ladder Capital for 145-65 Wolcott St, 186 Conover Street, and 184 Conover Street, Red Hook, Brooklyn on April 13, 2022.
• Gregory Iovine sold 63 Ferris Street, 184 Conover Street, 186 Conover Street, Red Hook, Brooklyn for $21.5 million to W-G Capital Advisors on September 10, 2019.
Development:
• Bungalow Projects filed new building job B01061966 for 155,069 sqft 58 building with 0 apartments in Red Hook, Brooklyn, on June 27, 2024.
• Draw Brooklyn filed new building job 321598482 for 300,000 sqft R-2 building with 210 apartments in Red Hook, Brooklyn, on October 14, 2020.
• Susi Yu filed alteration job B01367628 for building in Red Hook, Brooklyn, on March 17, 2026.
• Susi Yu filed alteration job B01362326 for 80,000 sqft building with 0 apartments in Red Hook, Brooklyn, on March 03, 2026.
• Jerry Adessa filed alteration job B01296354 for 232,612 sqft building with 0 apartments in Red Hook, Brooklyn, on October 02, 2025.
• Susi Yu filed alteration job B01216902 for 1,000 sqft 58 building with 0 apartments in Red Hook, Brooklyn, on April 29, 2025.
• Jerry Adessa filed alteration job B01187469 for 83,953 sqft building with 0 apartments in Red Hook, Brooklyn, on March 17, 2025.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received $2,530 in ECB penalties and $4,750 in OATH penalties in the last year.
Latest Stories:
• Bungalow Projects, Bain Capital file plans for 155K sf film studio in Red Hook (July 01, 2024)
• Bungalow Projects, Bain pay $35.1M to Four Points for industrial in Red Hook (May 02, 2024)
• W-G Capital files plans for 210-unit mixed-use building in Red Hook (October 16, 2020)
• W-G Capital Advisors paid $22M to Gregory Iovine (September 11, 2019)