Jorge Madruga
Ceo
Founder
Maddd Equities
Developer, Owner
Maddd Equities NYC portfolio
$1.3 billion* – development 44%, condo 15%, hotel 9%; Manhattan 46%, Bronx 39%, Brooklyn 14%
131th largest portfolio by dollar value
1,312,725 sqft – condo 30%, office 26%, W3 11%;
260th largest by SF
32 properties – Bronx 76%, Manhattan 20%, Brooklyn 2%
287th largest
1,099 residential units – Manhattan 55%, Brooklyn 42%, Bronx 2%
228th largest by residential units
0 foreclosures, 0 bankruptcies, 7 other court cases.
Person Activity past 24 months:
Buyer signatory: 3 for $38 million
Seller signatory: 1 for $8.6 million
Borrower signatory: 5 for $99 million
Developer (new building or major alteration): 45 for 419,827 square feet
Top Ten Associated Companies:
Metropolitan Commercial Bank (2), LibreMax Capital (2), TD Bank (1), Arctaris Impact Investors (1), Matthew Bloomfield (1), Yechiel Newhouse (1), Patricia Karetzky (1), Edward Nerenberg (1), WRA Properties (1), Webster Bank (1)
Top Ten Associated People:
Uche S. Osuji (1), Matthew Bloomfield (1), Yechiel Newhouse (1), Patricia Karetzky (1), Edward L. Nerenberg (1), Frank Bruttomesso (1), Frank T. Chiarello (1), Lisa McGorty (1), Shablar Ahmed (1), Richard Berlin (1)
Recent activity as signatory:
• Maddd Equities and Stagg Group borrowed $27 million from LibreMax Capital for 2768 Webster Avenue, 2740 Webster Avenue, 2752 Webster Avenue, 2742 Webster Avenue, and N/A Webster Avenue, Fordham Manor, Bronx on April 16, 2025.
• Patricia Karetzky sold 2768 Webster Avenue and 2752 Webster Avenue, Fordham Manor, Bronx for $21.2 million to Maddd Equities and Stagg Group on April 16, 2025.
• Edward Nerenberg sold 2740 Webster Avenue and N/A Webster Avenue, Fordham Manor, Bronx for $8.7 million to Maddd Equities and Stagg Group on April 16, 2025.
• Maddd Equities borrowed $5 million from Progress Capital for 2532 Grand Concourse, Fordham Manor, Bronx on January 15, 2025.
• Matthew Bloomfield sold 2532 Grand Concourse, Fordham Manor, Bronx for $8 million to Maddd Equities and Eli Weiss 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.
• 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 07, 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 September 29, 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)
• 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)
• Maddd Equities pays $15M to DREAM Charter School for property in East Harlem (November 25, 2020)