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Maddd Equities
Maddd Equities is a real estate investment and development firm. Its focus is multifamily, commercial, and residential development and acquisitions in New York City, its surrounding area, and parts of South Florida. Cuban-born owner Jorge Madruga began as a parking lot owner and then transitioned into building affordable housing in the Bronx. Today, the Floral Park-based firm has been involved in the redevelopment of more than 1,500 units of rental housing and 200,000 square feet of commercial and office space. Maddds management arm, Verbena Management, handles 28 buildings and 750 parking spaces in the New York City metro area, including retail and residential rentals in Long Island. Among its most prized possessions are 431 West 37th Street, 74-84 Third Avenue, and 444 Tenth Avenue. The firm has also built Manhattan hotels and luxury rental buildings in recent years, in addition to condos and rental buildings in the Bronx. It also purchased the long-time site of the Newark Star-Ledger in 2014.
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12/31/18
...Avenue, a 30-story, 614-unit mixed-use project to Inwood. Maddd Equities and Joy Construction are developing the building, which is expected to span nearly 600,000 square...
12/24/18
...to improve their projects.
At Joy Construction and Maddd Equities’ 484-unit, five-building Webster Commons project in the North Bronx, for instance, Weiss said community...
12/19/18
...to rezone Inwood this August, Jorge Madruga’s Maddd Equities filed plans to bring a 30-story, 614-unit mixed-use project to the neighborhood. The building...
12/11/18
...link MADDD West 38 LLC to Jorge Madruga’s Maddd Equities, but Madruga previously told The Real Deal he had sold the LLC to landlord...
12/11/18
...Credit: Getty Images and IHG)
New York developers Maddd Equities and Joy Construction are adding some Massachusetts hotels to their portfolio.
The companies, along...
...to improve their projects.
At Joy Construction and Maddd Equities’ 484-unit, five-building Webster Commons project in the North Bronx, for instance, Weiss said community...
11/05/18
...known for being home to more than 1,000 LLCs.
Maddd Equities and Joy Construction are planning an affordable housing project north of the sites at...
10/31/18
...roughly 270,000 square feet.
3. 1150 River Avenue, approximately $29.9 million
Buyer: Maddd Equities, Joy Construction
Seller: River Avenue Realty Corp
Maddd Equities and Joy Construction purchased this...
10/11/18
...New York real estate developer. Today, his firm, Maddd Equities, controls a portfolio of about 3,000 residential units and 5 million square feet, according to Weiss...
10/08/18
...Joy Construction's Eli Weiss (purple) and Maddd Equities...
09/18/18
...a storage facility in Clinton Hill with partners Maddd Equities and Joy Construction Group.
Prime Group, which is headed by Robert Moser, made deals...
09/12/18
...Park Avenue, maybe with Maddd Equities CEO Jorge Madruga and 235 Park Avenue (Credit: Google Maps)
Maddd Equities’ latest purchase is...
09/05/18
...as one can get.
The Inwood project from Maddd Equities and Joy Construction at 3875 Ninth Avenue topped the list for August at about 582,000 square...
08/31/18
...th Avenue (Credit: Google Maps)
Jorge Madruga’s Maddd Equities is planning to bring a 30-story, 614-unit mixed-use project to Inwood.
The building at...
08/22/18
...planned for the area: two from Long Island-based Maddd Equities on River Avenue, totaling 750,000 square feet, and one from Manhattan developer Peter Fine near...
08/20/18
...Prince Street (via NY YIMBY)
Jorge Madruga’s Maddd Equities and Eli Weiss’ Joy Construction have closed on their purchase of the Downtown Brooklyn...
...planned for the area: two from Long Island-based Maddd Equities on River Avenue, totaling 750,000 square feet, and one from Manhattan developer Peter Fine near...
07/17/18
...notable real estate donors include the partnership of Maddd Equities and Joy Construction that's attempting to build a soccer stadium in the Bronx. It...
07/12/18
...stadium would be part of a project from Maddd Equities and Joy Construction by East 153rd Street and River Avenue, according to the New...
07/09/18
...Madruga and 1034 Flatbush Avenue (Google Maps)
1.) Jorge Madruga's Maddd Equities sold a three-story commercial building in Flatbush for $10.2 million. The 18,000-square-foot property, at 1034 Flatbush...
06/18/18
...did not respond to a request for comment.
Maddd Equities is also planning a pair of affordable housing projects in the rezoned area at...
06/05/18
...with the city in May.
Jorge Madruga’s Maddd Equities is planning a roughly 274,000-square-foot development at 1164 River Avenue. The 17-story building will contain...
05/29/18
...which the City Council approved earlier this year. Maddd Equities is planning a massive pair of affordable housing projects nearby within the rezoning area...
05/17/18
...Jorge Madruga and 1164 River Avenue (Credit: Google Maps)
Maddd Equities has pre-filed plans for one of the buildings at its massive 750-unit affordable housing...
05/17/18
...the Bronx, including a roughly 750-unit complex from Maddd Equities on River Avenue and 1,045-unit building from L+M Development Partners near Mill Pond...
- 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 Office Leasing
- Address 1825 Boston Road
- Neighborhood Charlotte Gardens
- Borough Bronx
- Square feet 9,270
- Publication Date 09/24/2018
- Event Date 09/14/2018
- Party 1 Maddd Equities
- Party 1 Brokerage KZA Realty Group
- Party 1 Broker Kathy Zamechansky
- Party 2 Montefiore Medical Center
- Party 2 Brokerage Lee & Associates NYC, Arvo Realty Advisors
- Party 2 Broker Richard Donohue, Jason Martin
notes
The medical center signed a lease for the Charlotte Gardens space.
- 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 Financing
- Address 139 Alexander Avenue
- Neighborhood Mott Haven
- Borough Bronx
- Price $ 4,157,000
- Publication Date 09/17/2018
- Event Date 09/12/2018
- Party 1 Maddd Equities
- Party 1 Brokerage Progress Capital
- Party 1 Broker Brad Domenico
- Party 2 Sterling National Bank
notes
The owner secured a construction loan of $4.16 million for the Mott Haven portfolio.
- 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
- Publication Date 04/02/2018
- Event Date 03/30/2018
- Party 1 Maddd Equities, Joy Construction Corporation
- Party 1 Brokerage HFF
- Party 1 Broker Andrew Scandalios, Steve Klein, Rory Sheppard
- Party 2 KKR
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
- Publication Date 02/28/2018
- Event Date 02/21/2018
- Party 1 Joy Construction, Maddd Equities
- Party 1 Brokerage Progress Capital
- Party 1 Broker Brad Domenico, Kathy Anderson
- Party 2 Natixis
notes
The partnership acquired a $86.25 million new construction loan for the Lenox Hill building.
- Event Financing
- Address 2526 Grand Concourse
- Neighborhood Fordham
- Borough Bronx
- Square feet 73,724
- Price $ 8,400,000
- Publication Date 02/21/2018
- Event Date 02/14/2018
- Party 1 Maddd Equities
- Party 1 Brokerage Progress Capital Advisors
- Party 1 Broker Brad Domenico
- Party 2 Lakeland Bank
notes
The owner secured an $8.4 mortgage for the Fordham building.
- Event Office Leasing
- Address 330 East 62nd Street
- Neighborhood Lenox Hill
- Borough Manhattan
- Square feet 100,000
- Publication Date 08/30/2017
- Event Date 08/30/2017
- Party 1 Joy Construction; Maddd Equities
- Party 2 Memorial Sloan Kettering Cancer Center
notes
The cancer center signed a 48-year lease.
Bronx, 10454
Maddd Equities, NA
Maddd Equities, NA
This property is a new development. The developer(s) filed plans in February of...
Bronx, 10454
Maddd Equities, NA
Maddd Equities, NA
This property is a new development. The developer(s) filed plans in February of...
Manhattan, 10065
MADDD EQUITIES, YYY 62ND STREET LLC
MADDD EQUITIES, YYY 62ND STREET LLC
This property is a new development. The developer(s) filed plans in September of...
Queens, 11101
MADDD EQUITIES, 11-55 49TH AVENUE LLC
MADDD EQUITIES, 11-55 49TH AVENUE LLC
This property is a new development. The developer(s) filed plans in March of...
Bronx, 10454
Maddd Equities, NA
Maddd Equities, NA
This property is a new development. The developer(s) filed plans in February of...
Bronx, 10454
Maddd Equities, NA
Maddd Equities, NA
This property is a new development. The developer(s) filed plans in February of...
Manhattan, 10065
MADDD EQUITIES, YYY 62ND STREET LLC
MADDD EQUITIES, YYY 62ND STREET LLC
This property is a new development. The developer(s) filed plans in September of...
Queens, 11101
MADDD EQUITIES, 11-55 49TH AVENUE LLC
MADDD EQUITIES, 11-55 49TH AVENUE LLC
This property is a new development. The developer(s) filed plans in March of...
