What Bushburg Properties does

Bushburg Properties is a privately held, vertically integrated real estate development and management company founded in 2000 by Joseph Hoffman and headquartered at 1 Pennsylvania Plaza in Midtown Manhattan. The company acquires undervalued properties in emerging New York metropolitan submarkets — primarily Brooklyn, Manhattan's Financial District, and Jersey City — and repositions them through adaptive reuse, ground-up development, and historic preservation, holding a 30-property, 9+ million square foot portfolio with $4+ billion in total assets. Revenue is generated through three streams: recurring residential leasing of studio-to-3-bedroom apartments at monthly rents ranging from $2,400 to $8,500 across properties such as The Highland, Westmark, Orchard, PLG, Pearl & Pine, and the planned 100 William conversion; recurring commercial leasing including a 1.35 million square foot Class A office tower at 101 Hudson anchored by Bank of America Merrill Lynch, Jefferies, Verizon, State Farm, FedEx, Maersk, Schenker, and First-Service; and one-time development economics from ground-up and conversion projects. The company operates a direct sales-led go-to-market model using in-house leasing teams, property-specific websites, a tenant portal (bushburgcommunity.com), social channels, and broker partnerships, and is backed by a broad lender syndicate spanning OakNorth, JPMorgan Chase, Wells Fargo, Freddie Mac, Capital One, Bank of China, Berkadia, and others that has supported acquisitions and construction loans including a recent $78 million redevelopment facility and a $320 million construction loan.

Name

Bushburg Properties

Legal name

Bushburg Properties Inc.

Website

https://bushburg.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Bushburg Properties is a privately held, vertically integrated real estate developer and manager that acquires undervalued properties in emerging New York and New Jersey submarkets and repositions them through adaptive reuse and ground-up development, operating a 30-property, 9+ million square foot portfolio.

Ownership category

akta.pro rank

Product category

Real Estate Development & Property Management

NAICS

Lessors of Residential Buildings and Dwellings (531110), Lessors of Residential Buildings and Dwellings (53111), Nonresidential Property Managers (531312), Lessors of Real Estate (5311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Real estate development
• Property management
• Adaptive reuse
• Mixed-use development
• Commercial leasing

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Residential Leasing & Property Management: Bushburg generates revenue through leasing and managing residential apartment units across its portfolio of properties in Brooklyn and Jersey City. The company offers residential units ranging from studios to 3-bedroom apartments with amenities, collecting monthly rent payments.
2. Commercial Leasing & Property Management: Revenue is generated from leasing commercial spaces including retail, office, and industrial units across the company's commercial properties portfolio. Major commercial tenants include financial institutions and logistics companies.
3. Real Estate Development & Sales: The company undertakes ground-up development and adaptive reuse projects, converting office buildings to residential use, creating value through repositioning undervalued properties in emerging markets.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Bushburg Properties is a vertically integrated real estate development and management company that invests in transformative projects in overlooked and emerging markets across New York City and New Jersey. The company develops, owns, and operates a diversified portfolio of residential, commercial, and mixed-use properties—generating recurring rental income from leasing apartments, office, retail, and industrial spaces, while also executing ground-up construction and adaptive reuse projects (such as office-to-residential conversions) to create long-term value in undervalued neighborhoods.

Product overview

Bushburg Properties is an integrated real estate development and management company operating a diversified portfolio of residential, commercial, and mixed-use properties across New York and New Jersey. The company's product portfolio includes flagship residential properties such as Pearl & Pine (a 42-story, 718-unit tower in Manhattan's Financial District), The Highland (a landmarked 14-story building in Brooklyn), Orchard (a 285-unit mixed-use property in Jersey City), and Westmark (a mixed-use community in Brooklyn's Gowanus). Commercial holdings include 101 Hudson (a 1.35M SF Class A office tower in Jersey City), Briq, Grattan, and The Loom. The company also operates a resident tenant portal for community management. The portfolio spans key New York metro markets including Manhattan, Brooklyn, and Jersey City, with Total Assets exceeding $4 billion across 30+ properties and 9+ million square feet.

Differentiator

Problem solved

Functional benefit

Products and services

• Orchard A 16-story mixed-use property at 55 Orchard Street in Jersey City's McGinley Square neighborhood offering 285 residential units ranging from studios to three-bedrooms, with amenities including fitness center, dog run, rooftop lounges, co-working space, bike storage, and 5,000+ sq ft of commercial space. Designed by MHS Architecture.
• Pearl & Pine
• Westmark A residential community at 395 Carroll Street in Brooklyn's Gowanus neighborhood offering studio, 1, and 2-bedroom residences with amenities including The Parlor (lounge), Market Square (outdoor courtyard), cinema, training studio, yoga studio, coworking lounge, library/game room, kids playroom, and concierge services.
• The Highland A 14-story landmarked residential building at 2840 Atlantic Avenue in Brooklyn (formerly Empire State Dairy Company) offering studio, 1, 2, and 3-bedroom homes with amenities including rooftop lounge, fitness center, business center, coworking lounge, and children's play areas.
• 101 Hudson
• 100 William A 21-story Class A office building in Manhattan's Financial District being converted into a residential complex with over 400 apartment units, with approximately 25% designated as affordable housing. Purchased in December 2025 for $70 million (versus a 2011 valuation of $167 million), with OakNorth and Oak Funding providing a $78 million co-loan for purchase and redevelopment.
• PLG A residential property at 123 Linden Blvd in Brooklyn offering units ranging from $2,575 to $5,314/month across studio to 2-bedroom configurations.
• The Rocklyn A residential property at 20 Rockwell Place in Brooklyn offering units ranging from $3,654 to $7,462/month.
• The Alexey A mixed-use property at 635 4th Avenue in Brooklyn featuring both residential and commercial spaces.
• Bergen Royal A residential property in Brooklyn.
• Briq A commercial property located at 132 32nd Street in Brooklyn's Industry City area.
• Grattan A commercial property at 117 Grattan Street in Brooklyn.
• Hancock A property in Brooklyn.
• Linq A commercial property in Rosedale, NY.
• The Loom A mixed-use property at 1087 Flushing Avenue in Brooklyn.
• Norman A commercial property at 252 Norman Avenue in Brooklyn.
• Porter A commercial property in Brooklyn.
• The Ridgewood Theatre A property in Brooklyn.
• Troutman A property in Brooklyn.
• Van Dyke A property in Brooklyn.
• Westview A property under development in Jersey City, NJ.
• Resident Portal An online tenant portal (bushburgcommunity.com) for residents to access community information, submit maintenance requests, and manage their accounts.

Quantifiable outcome

• Transformed 21-story Class A office building at 100 William Street into 400+ residential units
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• MHS ArchitecturecoreStrategic or Co-development PartnerArchitecture firm that designed the Orchard property in Jersey City. 16-story, 285-unit mixed-use development showcasing design partnership approach.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rudin Management Company: New York-based, family-owned vertically integrated real estate developer and owner of office, residential, and mixed-use properties. Bushburg acquired 80 Pine Street from Rudin in 2024, making them a directly comparable owner-operator in the same NYC market.
• Two Trees Management: Brooklyn-based real estate developer focused on transformative projects in emerging neighborhoods (e.g., DUMBO, Williamsburg). Closely comparable to Bushburg given shared Brooklyn focus, adaptive reuse expertise, and development-to-management vertical integration.
• The Naftali Group: NYC-focused residential and mixed-use developer with a track record of luxury and market-rate multifamily projects. Comparable to Bushburg on product type (luxury residential towers) and Manhattan/Brooklyn geographic focus.
• The Gotham Organization: New York-based real estate developer focused on luxury residential and mixed-use properties, with active ground-up and adaptive reuse projects. Comparable to Bushburg on NYC focus, residential product mix, and development-to-management model.
• Taconic Investment Partners: NYC-focused real estate investment and development firm with deep multifamily and mixed-use portfolio. Comparable to Bushburg given shared focus on emerging NYC neighborhoods and office-to-residential conversion strategies.
• Brodsky Organization: NYC-based multifamily owner, developer, and operator with a portfolio of residential and mixed-use assets. Comparable to Bushburg on product type (multifamily residential), NYC focus, and integration of development and property management.
• Pratt Institute / Time Square / Thor Equities (Gregory Sokolowski): NYC-focused real estate developer with mixed residential, commercial, and hotel holdings. Comparable to Bushburg on full-stack real estate development in New York and product mix across asset classes.

Broad incumbents

• Related Companies: Large, established national real estate developer with significant NYC presence spanning affordable housing, luxury residential, and commercial. Comparable to Bushburg on NYC residential development expertise but at materially larger scale including Hudson Yards.
• LeFrak (LeFrak Organization): Long-standing NYC/NJ real estate family-owned developer with massive multifamily and mixed-use portfolio. Comparable to Bushburg on the founder-owned, vertically integrated, NY/NJ-focused development and management model, though at significantly larger scale.
• Silverstein Properties: Major NYC real estate developer with a portfolio spanning commercial office, residential, and mixed-use, including large adaptive reuse projects. Comparable to Bushburg on NYC office-to-residential conversion themes and product mix, though at larger institutional scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/westmark_bk
• LinkedInlinkedin.com/company/bushburg-properties-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bushburg Properties