In the Press
Over $500M in Manhattan contracts include past homes of Carl Schurz and Frank Lloyd Wright; Armorie sold for $71M
APRIL, 2025
There are individual characteristics fundamentally in investing NYC condominiums as an asset class. At first, the buyer was negotiating for a group of apartments, not the entire building, but I was able to convince them that, given their plan, controlling the entire building would be consistent with their vision, and they can sell at their own pace.
Adellco nabs $71M bulk condo sale at Flatiron conversion project
APRIL, 2025
Adellco snagged a bulk buyer for all 20 condos at its Flatiron conversion project, The Real Deal has learned.
The buyer, which the developer identified as a private family office, agreed to buy the units and the commercial space at the 114 East 25th Street property for $71 million, on par with the $73 million sellout noted in the building’s offering plan.
Trophy Homes Catering to the Ultra-Rich Abound in Manhattan’s Latest Condo Launches
MARCH, 2025
New York City’s notable luxury condos launching sales this spring feature architectural styles that range from historic conversions with classic brick work and Beaux-Arts detailing to ground-up construction limestone towers and passive-house design.
Guide to Buying in a New Construction Condo, Part 2 + 21 Most-Anticipated New Condo Launches
MARCH, 2025
In 2022, over 1,700 condo units were launched in Manhattan, and another 1,500 units are projected to launch through this year and into 2024. In addition to the current activity in Manhattan, new developments continue to launch in Brooklyn and Queens. As a result, if you’re currently looking to buy a residence or invest in New York City real estate, there are plenty of options in the new construction condo market.
Beaux-Arts office building in the Flatiron District to become 20 luxury condos
FEBRUARY, 2025
A former 1920s publishing house in the Flatiron District will turn into 20 boutique condos, becoming New York City’s latest office-to-residential conversion. Located at 114 East 25th Street, the 14-story Beaux-Arts building—now known as Armorie—has been reimagined by developer Adellco and design firm Andre Kikoski Architecture (AKA) to preserve its historic charm while transforming it into a collection of modern, high-end residences.
A Timeless Fusion of Beaux-Arts Grandeur and Modern Luxury in Flatiron District, NYC
FEBRUARY, 2025
Reimagined in collaboration with the acclaimed Andre Kikoski Architecture (AKA), Armorie seamlessly blends historical sophistication with modern-day luxury. AKA, renowned for their dynamic approach to architecture, has skillfully transformed this landmark into a bespoke residential masterpiece, continuing Adellco’s legacy of elevating New York City’s most iconic properties.
Beaux-Arts Boutique Condominium Armorie Comes to Flatiron
FEBRUARY, 2025
New York City’s Flatiron District is about to welcome a remarkable new addition to its luxury residential landscape. Adellco, a premier real estate development and design firm with over 25 years of experience, has unveiled Armorie, an exclusive collection of 20 meticulously crafted loft residences at 114 East 25th Street.
NYC residential conversion of old printing house into boutique ‘lofts’ shows size doesn’t matter
FEBRUARY, 2025
The Armorie is Adellco’s name for the Beaux-Arts-style, 14-story building that opened in 1921 to serve the printing trade. It was most recently a WeWork-like shared office space before Adellco bought it vacant in January 2024.
NYC's office-to-condo conversions: A conversation with Matthew Adell
JANUARY, 2025
We sat down with Matthew Adell, CEO and founder of Adellco, to discuss what makes a successful office-to-residential conversion, the challenges developers face, and how these transformations will shape the future of the city.