Jorge Madruga and Maddd Equities again in the news.
Housing Lottery Launches for 375 West 207th Street in Inwood, Manhattan
The new 611-unit residential building under construction by Maddd Equities and its construction partners is a significant addition to the Inwood neighborhood of Manhattan. Located at 375 West 207th Street and 3875 Ninth Avenue, at the corner of Ninth Avenue and West 207th Street, adjacent to the Harlem River, this development promises to redefine the area’s skyline.
Affordable Housing Opportunities
According to YIMBY, the affordable housing lottery has launched for North Cove, a 30-story residential building at 375 West 207th Street in Inwood, Manhattan. Developed by Joy Construction Corporation and Maddd Equities, and designed by Aufgang Architects, the structure yields 611 apartments, a suite of amenity spaces, 60,000 square feet of retail on the lower levels, and 120 parking spaces. Available on NYC Housing Connect are 484 units for residents at 30 to 110 percent of the area median income (AMI), ranging in eligible income from $21,566 to $184,470.
About Maddd Equities
Maddd Equities (“Maddd”) is a real estate development firm with expertise in a broad range of real estate disciplines, including investment, development, construction, and asset management. Maddd Equities owns, develops, and operates properties across many asset classes, including workforce housing, luxury high-rise buildings, hotels, and commercial developments. Maddd Equities is a leader in affordable housing in the five boroughs, building quality workforce housing for low- and middle-income New Yorkers.
Project Details and Location
The North Cove project is strategically located at 375 West 207th Street and 3875 Ninth Avenue, at the corner of Ninth Avenue and West 207th Street, next to the Harlem River. This development not only redefines Inwood’s skyline but also boosts local commerce and connectivity.