Maddd Equities

People:

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Maddd Equities portfolio

$234.7 million* – specialty 27%, hotel 25%; Manhattan 53%, Bronx 41%

263th largest portfolio by dollar value

1,305,225 sqft – condo 30%, office 26%;

260th largest by SF

34 properties – Bronx 73%, Manhattan 23%

289th largest

1,099 residential units – Manhattan 55%, Brooklyn 42%

218th largest by residential units

0 foreclosures, 0 bankruptcies, 7 other court cases.

Company Activity past 24 months:

Buyer company: 5 for $76.7 million

Seller company: 1 for $8.6 million

Borrower company: 10 for $600.6 million

Top Ten Associated People:

Victor Brown (3), Roger Rofe (2), Shablar Ahmed (1), Lisa McGorty (1), Michael Harrington (1), Fatin Salhut (1), Mohammad Salhut (1), Barry Altmark (1), Christopher D. McDonald (1), Robert Surovich (1)

Recent activity as company:

Maddd Equities borrowed $5 million from Progress Capital for 2532 Grand Concourse, Fordham Manor, Bronx on January 23, 2025.

Matthew Bloomfield sold 2532 Grand Concourse, Fordham Manor, Bronx for $8 million to Maddd Equities and Eli Weiss on January 23, 2025.

Maddd Equities for Jorge Madruga filed plans for new building for 136,246 sqft in East Harlem, Manhattan, on November 19, 2024.

Maddd Equities for Jorge Madruga filed plans for new building for 117,887 sqft in Mt Hope, Bronx, on October 15, 2024.

• Joy Construction Group and Maddd Equities borrowed $8.2 million from Webster Bank for 1169 River Avenue, Concourse, Bronx on July 15, 2024.

Community Access sold 1169 River Avenue, Concourse, Bronx for $4.8 million to Joy Construction Group and Maddd Equities on July 15, 2024.

Maddd Equities and Joy Construction borrowed $12.7 million from Low Income Investment Fund and Community Preservation Corporation for 1184 River Avenue, 1164 River Avenue, 1164 River Avenue, 1184 River Avenue, 1164 River Avenue, and others, Concourse, Bronx on March 26, 2024.

Maddd Equities for Jorge Madruga filed plans for new building for 147,313 sqft in Mott Haven, Bronx, on December 22, 2023.

Maddd Equities borrowed $12.2 million from Arctaris Impact Investors for 2516-2530 Grand Concourse, Fordham Manor, Bronx on December 18, 2023.

Arker Companies, Radson Development and Maddd Equities sold 950 Westchester Avenue and 950 Westchester Avenue, Longwood, Bronx for $8.6 million to Yechiel Newhouse on October 30, 2023.

Latest Stories:

• Maddd Equities, partners, pay $8M for office in Fordham Manor (January 24, 2025)

• Success Academy signs $150M construction loan for school in Concourse (November 26, 2024)

• Vantage Elevation signs $45M loan for six properties in Concourse (October 03, 2023)

• Maddd Equities signs $42.5M refi for grocery retail under Queensboro Bridge (July 11, 2023)

• Maddd Equities, SoBro pay $16M to Tiffany Lumber for dev site in Morrisania (July 10, 2023)

• Maddd, Joy Construction sign $143M construction loan for 465-unit development in Downtown Brooklyn (May 19, 2023)

• Maddd Equities SoBro pay $44M to Altmark Group for property in Mott Haven (March 22, 2023)

• Maddd, Joy sign $302.7M construction loan for 611-unit project in Inwood (February 09, 2023)

• Maddd Equities signs ground lease valued at $4M for dev site in Mt Hope (February 09, 2023)

• Joy Construction, MADDD sign $50M refi with Valley National Bank for hotel in Hell’s Kitchen (February 01, 2023)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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