Jorge Madruga Of Maddd Equities Acquires Bronx Office Building For $8M

The property involved in the transaction is an office asset located at 2532-2552 Grand Concourse in the Bronx market. The sale price was $8,000,000, and the total area of the property is approximately 55,000 square feet, resulting in a price per square foot of $145.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,000,000
• Address: 2532-2552 Grand Concourse
• Market: Bronx
• Square Footage: 55,000
• Price per Square Foot: $145
• Buyer: Jorge Madruga - Maddd Equities
• Brokers: Richard Guarino, Jim Mann - Friedman-Roth Realty; Vincent Coratolo, Chris Agis & Michael Coratolo - Coratolo Associates LLC

The deal was facilitated by key brokerage representatives, including Richard Guarino and Jim Mann from Friedman-Roth Realty, as well as Vincent Coratolo, Chris Agis, and Michael Coratolo from Coratolo Associates LLC. A special note of thanks is extended to Chris McDonald Esq and Ira Nesenoff Esq for their contributions to the successful closure of the transaction.