Jorge Madruga
Ceo
Founder
Maddd Equities
Developer, Owner
Maddd Equities NYC portfolio
$1.3 billion -development 32%, industrial 16%, condo 14%; Manhattan 51%, Bronx 47%, Brooklyn 1%*
170th largest portfolio by dollar value
1,791,871 sqft – condo 35%, office 19%, retail 10%; Bronx 77%, Manhattan 16%, Brooklyn 6%
263th largest by SF
37 properties – Bronx 78%, Manhattan 19%, Brooklyn 2%
261th largest
1,223 residential units – Manhattan 50%, Brooklyn 38%, Bronx 11%
284th largest by residential units
0 foreclosures, 0 bankruptcies, 7 other court cases.
Person Activity past 24 months:
Buyer signatory: 5 for $88.7 million
Borrower signatory: 5 for $104 million
Developer (new building or major alteration): 34 for 356,463 square feet
Top Ten Associated Companies:
LibreMax Capital (4), Metropolitan Commercial Bank (2), Bristol Group (1), WRA Properties (1), Webster Bank (1), Success Academy Charter Schools (1), Maddd Equities (1), Lakeland Bank (1), DREAM Charter School (1), Raz Itzhaki (1)
Top Ten Associated People:
Frank Bruttomesso (2), Jeffrey S. Kott (1), Todd McLay (1), Frank T. Chiarello (1), Lisa McGorty (1), Shablar Ahmed (1), Robert Surovich (1), Richard Berlin (1), Raz Itzhaki (1), Eyal Golan (1)
Recent activity as signatory:
• Maddd Equities borrowed $36 million from LibreMax Capital for 582 Grand Concourse on June 23, 2026.
• Raz Itzhaki, Eyal Golan, Jason Friedland, Benjamin Friedland and Michael Friedland sold 825 East 140 Street for $6.8 million to Maddd Equities on May 04, 2026.
• Maddd Equities borrowed $5 million from First Federal Savings of Middletown for 825 East 140 Street on May 04, 2026.
• Jorge Madruga filed plans for major alteration for 53,785 sqft in Concourse Village, Bronx, on March 27, 2026.
• Bristol Group sold 582 Grand Concourse for $44 million to Maddd Equities on July 03, 2025.
• Maddd Equities borrowed $31 million from LibreMax Capital for 582 Grand Concourse on July 03, 2025.
• Maddd Equities and Stagg Group borrowed $27 million from LibreMax Capital for 2776 Webster Avenue on April 16, 2025.
• The seller sold 2776 Webster Avenue for $21.2 million to Maddd Equities and Stagg Group on April 16, 2025.
• Edward Nerenberg sold 2740 Webster Avenue for $8.7 million to Maddd Equities and Stagg Group on April 16, 2025.
• Maddd Equities borrowed $5 million from Progress Capital for 2552 Grand Concourse on January 15, 2025.
Latest Stories:
• Maddd Equities pays $6.8M for likely dev site in Mott Haven (May 20, 2026)
• Maddd Equities, Stagg Group pay $29.965M for dev site in Fordham Manor (May 09, 2025)
• 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)
• 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 Equities SoBro pay $44M to Altmark Group for property in Mott Haven (March 22, 2023)
• Success Academy pays $105M to MADDD Equities for dev site in Concourse (January 25, 2022)