Bungalow Projects
253 Church St #4a New York, NY 10013
People:
Bungalow Projects NYC portfolio
$256.5 million -specialty 43%, industrial 40%, mixed-use 7%; Brooklyn 99%*
809th largest portfolio by dollar value
242,325 sqft – hotel 49%, mixed-use 28%, industrial 20%; Brooklyn 100%
1368th largest by SF
20 properties – Brooklyn 100%
500th largest
155 residential units – Brooklyn 100%
1357th largest by residential units
Company Activity past 24 months:
Buyer company: 8 for $70.4 million
Seller company: 1 for $3.4 million
Borrower company: 2 for $147.5 million
Developer (new building or major alteration): 2 for 540,055 square feet
Top Ten Associated Companies:
Top Ten Associated People:
Abdallah Njeim (1), Joshua Dapice (1)
Recent activity as company:
• Bungalow Projects and Bain Capital Real Estate borrowed $64.1 million from Farallon Capital Management for 184 Conover Street on September 22, 2025.
• Bungalow Projects borrowed $83.4 million from Farallon Capital Management for 191 Moore Street on September 22, 2025.
• Bungalow Projects sold 196 Seigel Street for $3.4 million to Abdallah Njeim on April 24, 2025.
• Abdallah Njeim sold 187 Moore Street for $1,000,000 to Bungalow Projects on April 24, 2025.
• Mark Azerad sold 185 Moore Street for $4.7 million to Bungalow Projects on March 13, 2025.
• George Thomas Butter sold 250 Seigel Street for $4.7 million to Bungalow Projects on December 20, 2024.
• Alexandros Washburn sold 200 Conover Street, Red Hook, Brooklyn for $2.2 million to Bungalow Projects on December 17, 2024.
• Yuk Lau Leung sold 196 Seigel Street for $12 million to Bungalow Projects on December 13, 2024.
• O’Connell Organization sold 198 Conover Street for $3 million to Bungalow Projects on October 31, 2024.
• Bungalow Projects for Susi Yu filed plans for new building for 307,443 sqft in East Williamsburg, Brooklyn, on August 22, 2024.
Latest Stories:
• Bungalow Projects pays $1M for industrial in East Williamsburg, expected purchase (May 06, 2025)
• Abdallah Njeim pays $3.4M to Bungalow Projects for industrial in East Williamsburg (May 01, 2025)
• Bungalow Projects pays $7.8M to enlarge dev site in East Williamsburg (August 23, 2024)
• 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)
Properties: