Maddd Equities pays $15M to DREAM Charter School for property in East Harlem

Jorge Madruga’s Maddd Equities through the entity Bruckner 125th Street LLC paid DREAM Charter School’s Dream On 125 LLC $15 million for 128 East 125th Street in East Harlem. The deal closed on November 13, 2020, and was recorded on November 24, 2020. The transaction consists of 1 parcel, including the tax class office building with two to six stories (O2). The property is 21,556 square feet. The parcel(s) have total development potential of 21,556 square feet.
The average sale price per square foot is $696.

The contract date was June 3, 2019. (The contract date was incorrectly written where the date of sale was supposed to be written.)

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