Jorge Madruga
Ceo
Founder
Maddd Equities
Developer, Owner
Maddd Equities NYC portfolio
$1.4 billion -development 41%, industrial 14%, condo 11%; Manhattan 44%, Bronx 42%, Brooklyn 13%*
151th largest portfolio by dollar value
1,699,861 sqft – condo 33%, office 20%, retail 11%; Bronx 79%, Manhattan 13%, Brooklyn 6%
287th largest by SF
35 properties – Bronx 79%, Manhattan 18%, Brooklyn 2%
272th largest
1,222 residential units – Manhattan 50%, Brooklyn 38%, Bronx 11%
279th largest by residential units
0 foreclosures, 0 bankruptcies, 7 other court cases.
Person Activity past 24 months:
Buyer signatory: 4 for $82 million
Borrower signatory: 3 for $63 million
Developer (new building or major alteration): 38 for 370,444 square feet
Top Ten Associated Companies:
LibreMax Capital (3), Metropolitan Commercial Bank (2), Edward Nerenberg (1), Bristol Group (1), WRA Properties (1), Webster Bank (1), Success Academy Charter Schools (1), Maddd Equities (1), DREAM Charter School (1), Lakeland Bank (1)
Top Ten Associated People:
Edward L. Nerenberg (1), Frank Bruttomesso (1), Jeffrey S. Kott (1), Todd McLay (1), Frank T. Chiarello (1), Lisa McGorty (1), Shablar Ahmed (1), Richard Berlin (1), Robert Surovich (1), Kathleen Anderson (1)
Recent activity as signatory:
• 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.
• 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 and Stagg Group borrowed $27 million from LibreMax Capital for 2776 Webster Avenue on April 16, 2025.
• Matthew Bloomfield sold 2552 Grand Concourse for $8 million to Maddd Equities and Eli Weiss on January 15, 2025.
• Maddd Equities borrowed $5 million from Progress Capital for 2552 Grand Concourse on January 15, 2025.
• Jorge Madruga filed plans for new building for 136,246 sqft in East Harlem, Manhattan, on November 19, 2024.
• Jorge Madruga filed plans for new building for 117,887 sqft in Mt Hope, Bronx, on October 15, 2024.
Latest Stories:
• 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)
• Maddd Equities pays $10.8M to WRA Properties for retail in East Harlem (March 29, 2021)