advanced search 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. Maddd's 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 is the Four Points Hotel at 444 Tenth Avenue. The firm has also built other 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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- Event Financing
- Address 330 East 62nd Street
- Neighborhood Upper East Side
- Borough Manhattan
- Price $ 130,000,000
- Publication Date 12/27/2019
- Event Date 12/19/2019
- Party 1 Joy Construction, Maddd Equities
- Party 2 Natixis
notes
The lender issued a loan of $130 million for the Upper East Side property.
- Event Financing
- Address 330 East 62nd Street
- Neighborhood Upper East Side
- Borough Manhattan
- Square feet 90,000
- Price $ 130,000,000
- Publication Date 12/06/2019
- Event Date 12/06/2019
- Party 1 Maddd Equities, Joy Construction
- Party 1 Brokerage Progress Capital
- Party 1 Broker Brad Domenico
- Party 2 Natixis
notes
The lender issued a loan of $130 million for the Upper East Side property.
- Event Financing
- Address 1184 River Avenue
- Neighborhood Longwood Melrose
- Borough Bronx
- Price $ 64,000,000
- Publication Date 07/05/2019
- Event Date 07/02/2019
- Party 1 Maddd Equities, Joy Construction
- Party 2 Wells Fargo
notes
The lender issued a construction loan of $64 million for the Longwood Melrose portfolio.
- 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, 10452
Madd Equities, MADDD EQUITIES
Madd Equities, MADDD EQUITIES
This property is a new development. The developer(s) filed plans in May 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...
03/12/2019
âItâs the architect as quarterback,â said Ariel Aufgang, founder and head of Aufgang Architects, a 44-person design firm based in Suffern, New York, which worked on Joy Construction and Maddd Equitiesâ mixed-use development at 411 West 35th Street...
Bronx, 10452
Madd Equities, MADDD EQUITIES
Madd Equities, MADDD EQUITIES
This property is a new development. The developer(s) filed plans in May 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...