Thank you for sharing!

Your article was successfully shared with the contacts you provided.
202 Tillary, Brooklyn, NY Rendering of proposed buildings at 202 Tillary St. in Brooklyn / Image provided by Progress Capital

NEW YORK CITY—Maddd Equities and Joy Construction received $51 million in two separate loans to complete acquisitions in the Bronx and Brooklyn. The joint venture acquired 27,675 square feet of paved parking at 1150-1159 River Ave. in the Bronx for $35 million. The lot is at the intersection at McClellan Street. The owner was the River Avenue Realty Corporation, according to PropertyShark. In a separate transaction, the buyers purchased the 115,000 square-foot American Self Storage Building at 202-208 Tillary St. for $60 million from Warren Diamond.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.