Joy Construction | The Real Deal New York

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Joy Construction

40 Fulton Street, 21st Floor
New York, NY 10038
(212) 766-9651
Website

Joy Construction is a real estate developer based in the Bronx. The company was formed in 1995 by Amnon Shalhov and has developed more than 70 buildings around New York City, mainly in the Bronx. Joys historic approach has been to concentrate on large-scale projects. In addition to developing such buildings, Joy also owns some as well. Among the buildings owned by the developer are 411-420 West 35th Street, 433-439 West 37th Street, and 444 Tenth Avenue. It also helped develop the five-bulding Webster Commons apartment complex in Norwood. Joy Construction has long-term ties with several real estate firms, including Maddd Equities, with which the developer has worked on several affordable housing projects, and YYY Third Avenue LLC, one of its joint affiliates. Joy has worked on several affordable housing projects. One of its most recent is 1825 Boston Road, for which Joy filed permits in 2014 and planned to built an eight-story building. But it has also dealt with luxury projects, such as properties near Hudson Yards in Manhattan.


10/11/18
...with it or anything,’” said Eli Weiss of Joy Construction, Madruga’s longtime business partner and friend. “He just said he knew it didn...


09/18/18
...in Clinton Hill with partners Maddd Equities and Joy Construction Group. Prime Group, which is headed by Robert Moser, made deals with Madison Development...

09/12/18
...Hill. The company, along with its frequent partner Joy Construction and Cayre Equities, purchased 235 Park Avenue in Brooklyn for about $27 million, according to property...

09/05/18
...get. The Inwood project from Maddd Equities and Joy Construction at 3875 Ninth Avenue topped the list for August at about 582,000 square feet. The City...

08/31/18
...partnering on the project with its frequent collaborator Joy Construction. The City Council passed a rezoning of Inwood earlier this month that will allow...

08/22/18
...last two or three decades.” Eli Weiss of Joy Construction, who is consulting for Maddd Equities on the two projects, said his client wanted...

08/20/18
...Jorge Madruga’s Maddd Equities and Eli Weiss’ Joy Construction have closed on their purchase of the Downtown Brooklyn site at 202 Tillary Street for...

...last two or three decades.” Eli Weiss of Joy Construction, who is consulting for Maddd Equities on the two projects, said his client wanted...

07/25/18
...was the No. 1 contractor, with 1.6 million square feet. Joy Construction, which also builds a lot of work in the sector, ranked second with 1.5 million...

07/17/18
...donors include the partnership of Maddd Equities and Joy Construction that's attempting to build a soccer stadium in the Bronx. It gave $10,000. And Triangle...

07/12/18
...part of a project from Maddd Equities and Joy Construction by East 153rd Street and River Avenue, according to the New York Times. The...

05/25/18
...was the No. 1 contractor, with 1.6 million square feet. Joy Construction, which also builds a lot of work in the sector, ranked second with 1.5 million...

05/24/18
...was the No. 1 contractor, with 1.6 million square feet. Joy Construction, which also builds a lot of work in the sector, ranked second with 1.5 million...

05/23/18
...was the No. 1 contractor, with 1.6 million square feet. Joy Construction, which also builds a lot of work in the sector, ranked second with 1.5 million...

05/11/18
...was the No. 1 contractor, with 1.6 million square feet. Joy Construction, which also builds a lot of work in the sector, ranked second with 1.5 million...

...was the No. 1 contractor, with 1.6 million square feet. Joy Construction, which also builds a lot of work in the sector, ranked second with 1.5 million...

03/30/18
...Real Deal) Jorge Madruga’s Maddd Equities and Joy Construction Corporation have locked in an $86 million refinancing from KKR for its newly opened Hudson...

02/26/18
...week, a joint venture between Maddd Equities and Joy Construction Group bought an Inwood development site and Four Corners Development led a group of...

01/12/18
...and contains 186 rental units, according to YIMBY. Bronx-based Joy Construction and Jorge Madruga’s MADDD Equities developed the project, while Douglas Elliman is handling...

09/13/17
...Lenox Hill for 100,000 square feet of office space. Joy Construction and Maddd Equities are the landlords of the property. 8) Triangle Services, 1301 Metropolitan Avenue, East...

08/30/17
...Kettering Cancer Center signed a 48-year lease for Joy Construction and Maddd Equities' medical development at 330 East 62nd Street. The deal, which covers the...

...projects. The company teamed with Amnon Shalhov’s Joy Construction Corporation to build Atelier Williamsburg, a six-story, 120-unit rental building that the joint venture...

07/29/16
...deal, like transfer tax,” said Eli Weiss of Joy Construction. Developers often use title as a tool to fully vet a site, he said...

04/01/16
...told The Real Deal. Fortis Property Group and Joy Construction Corporation opened the six-story, roughly 68,000-square-foot property at 239 North 9th Street at the corner...
  • Event Financing
  • Address 445 West 35th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 98,576
  • Price $ 45,000,000
  • Publication Date 10/15/2018
  • Event Date 10/08/2018
  • Party 1 Maddd Equities, Joy Construction
  • Party 2 Bank Leumi
notes
The lender issued a loan of $45 million for the Hudson Yards property.
  • Event Sales
  • Address 235 Park Avenue
  • Neighborhood Clinton Hill
  • Borough Brooklyn
  • Square feet 67,000
  • Price $ 27,000,000
  • Publication Date 09/17/2018
  • Event Date 09/12/2018
  • Party 1 45 Clinton Avenue LLC
  • Party 2 Maddd Equities, Joy Construction, Cayre Equities
notes
The buyer purchased the Clinton Hill property for $27 million.
  • Event Sales
  • Address 202 Tillary Street
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 115,000
  • Price $ 30,000,000
  • Publication Date 08/27/2018
  • Event Date 08/20/2018
  • Party 1 Warren Diamond
  • Party 1 Brokerage Douglas Elliman
  • Party 1 Broker Neal Sroka
  • Party 2 Maddd Equities, Joy Construction
  • Party 2 Brokerage Douglas Elliman
  • Party 2 Broker Neal Sroka
notes
The buyer purchased the Fort Greene portfolio for $30 million.
  • Event Financing
  • Address 202 Tillary Street
  • Neighborhood Fort Greene
  • Borough Brooklyn
  • Square feet 115,000
  • Price $ 51,000,000
  • Publication Date 08/27/2018
  • Event Date 08/20/2018
  • Party 1 Maddd Equities, Joy Construction
  • Party 1 Brokerage Progress Capital
  • Party 1 Broker Brad Domenico
  • Party 2 Natixis
notes
The buyer secured an acquisition/construction loan of $51 million for the Fort Greene portfolio.
  • Event Financing
  • Address 411 West 35th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 178,414
  • Price $ 86,000,000
notes
The partnership secured an $86 million refinancing for the Hudson Yards property.
  • Event Financing
  • Address 330 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 86,250,000
notes
The partnership acquired a $86.25 million new construction loan for the Lenox Hill building.
  • Event Office Leasing
  • Address 330 East 62nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 100,000
notes
The cancer center signed a 48-year lease.
  • Event Sales
  • Address 239 North 9th Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 68,000
  • Price $ 80,000,000
  • Price per foot $ 1,176.47
notes
The multifamily residential building sold for $80 million.
  • Event Office Leasing
  • Address 40 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 6,143
  • Price per foot $ 37.00
notes
The construction company signed a long-term lease renewal and expansion on the 21st floor.
  • Event Office Leasing
  • Address 40 Fulton Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 6,143
  • Price per foot $ 37.00
notes
The construction company signed a long-term lease renewal and expansion on the 21st floor.
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