Eli Weiss
Maddd Equities
Maddd Equities|Joy Construction|Joy Construction|Joy Construction|MADDD Equities|Joy Construction|Azimuth Development Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$226.3 million – specialty 28%, hotel 25%; Manhattan 55%, Bronx 39%
258th largest portfolio by dollar value
1,255,225 sqft – condo 31%, office 23%;
268th largest by SF
33 properties – Bronx 72%, Manhattan 24%
124th largest
1,099 residential units – Manhattan 55%, Brooklyn 42%
203th largest by residential units
0 foreclosures, 0 bankruptcies, 7 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 4 for $663.6 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Valley National Bank (3), NYC Housing Development Corporation (2), Safehold Inc. (1), Bank Leumi (1)
Top Ten Associated People:
Victor Brown (3), Roger Rofe (2), Doug Heitner (1)
Recent activity as signatory:
• Joy Constructionand Azimuth Development Group borrowed $168 million from NYC Housing Development Corporation for 2069 Bruckner Boulevard, Unionport, Bronx on July 13, 2023.
• Maddd Equitiesand Joy Construction borrowed $143 million from Valley National Bank for N/A Tillary Street, Downtown Brooklyn, Brooklyn on May 18, 2023.
• Maddd Equitiesand Joy Construction borrowed $302.7 million from NYC Housing Development Corporation for 375 West 207th Street, Inwood, Manhattan on February 08, 2023.
• Joy Constructionand MADDD Equities borrowed $50 million from Valley National Bank for 305 West 48th Street, Hell’s Kitchen, Manhattan on January 31, 2023.
• Maddd Equitiesand Joy Construction borrowed $44 million from Valley National Bank for 444 10th Avenue, Hudson Yards, Manhattan on October 05, 2022.
• Joy Construction sold N/A Myrtle Avenue and 67 Prince Street, Downtown Brooklyn, Brooklyn for $33.2 million to Safehold Inc. on November 29, 2021.
• Joy Construction borrowed $30 million from Bank Leumi for N/A Myrtle Avenue and 67 Prince Street, Downtown Brooklyn, Brooklyn on November 29, 2021.
• Eli Weiss filed plans for new building for 436,610 sqft in Downtown Brooklyn, Brooklyn, on July 09, 2021.
Latest Stories:
• Joy, Azimuth sign $168M construction loan with NYC HDC for development in Unionport July 14, 2023
• Maddd, Joy sign $302.7M construction loan for 611-unit project in Inwood February 09, 2023
• Maddd Equities, Joy Construction double debt to $31M from Natixis in Fort Greene December 29, 2020
• Maddd Equities, Joy Construction pay $24.85M to NYCHA for property in Fort Greene June 30, 2020