The City University Of New York Acquires 558 Grand Concourse Leasehold From Jorge Madruga For $200.92M

A leasehold interest of a post office located at 558 Grand Concourse in the Bronx was sold in a significant transaction. The sale was concluded for an amount of $200,920,880, which represents 94.55% of the leasehold interest in the property. This transaction reinforces the asset's value within a key commercial corridor in the borough.

Summary of transaction details:

• Property Type: Post Office
• Transaction Amount: $200,920,880
• Buyer: The City University of New York
• Seller: Jorge Madruga - Maddd Equities
• Transaction Date: September 18, 2026

The major acquisition made by The City University of New York expands their institutional presence in the Bronx. Jorge Madruga, as part of Maddd Equities, facilitated this transaction, representing a substantial move in the local real estate market.