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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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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...
05/02/18
...and 1184 River Avenue (Credit: Google Maps)
Jorge Madruga's Maddd Equities is working on a pair of South Bronx developments that would bring about 750 new...
03/30/18
...Maurer for The Real Deal)
Jorge Madruga’s Maddd Equities and Joy Construction Corporation have locked in an $86 million refinancing from KKR for its...
02/26/18
...investment sales last week, a joint venture between Maddd Equities and Joy Construction Group bought an Inwood development site and Four Corners Development led...
01/12/18
...YIMBY. Bronx-based Joy Construction and Jorge Madruga’s MADDD Equities developed the project, while Douglas Elliman is handling leasing and marketing.
The Lewis spans...
09/13/17
...square feet of office space. Joy Construction and Maddd Equities are the landlords of the property.
8) Triangle Services, 1301 Metropolitan Avenue, East Williamsburg - 88,000 square...
08/30/17
...Rendering of 330 East 62nd Street (credit: Maddd Equities)
Memorial Sloan Kettering Cancer Center signed a 48-year lease for Joy Construction and Maddd...
06/21/17
...Street and 67-73 Prince Street (via NY YIMBY)
Maddd Equities has applied for a site on Tillary Street to be part of the Special...
05/17/17
...Tillary Street (Credit: Getty Images)
Jorge Madruga’s Maddd Equities is in contact to buy a self-storage warehouse at 202 Tillary Street in Downtown Brooklyn...
12/29/16
...show the LLC is listed as c/o MADDD Equities, an active developer in the Hudson Yards area. But when reached by email Thursday...
05/27/16
...filed on Friday show. Criterion and development partner Maddd Equities plan to build a 194-unit building on the former parking lot site.
Property records...
...property for $35 million from developer Jorge Madruga of Maddd Equities.
Madruga controls the property through 2113 under a 99-year lease. It’s unclear whether he...
- 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...
