THE CONDO BOOK PROJECT

Adellco

Named as the company behind the sponsor in 3 New York City condominium offering plans, in the plan's text; each building below cites the page (or, where the plan doesn't name the firm, the web source reporting it). The sponsor, which develops and sells the condominium, is usually a company formed for the one building.

Buildings
3
Residential units
61
Average $/unit
$2.59 million
Years
2015–2025
ManhattanBrooklynQueensBronxStaten Island Armorie, 114 East 25th StreetWales Condominium, 1295 Madison Avenue211 West 14th Street Condominium, 211 West 14th Street

Pro · Advanced analysis

Recent Growth

Adellco's buildings and units by year for the last 6 years, and whether the pace is rising or falling.

1 building accepted in 2024–2026 (2026 to date), against 1 in 2021–2023: level. 33% of all 3 dated buildings are from the last 3 years.

Year acceptedBuildingsUnits
2026 to date0—
2025119
20240—
20230—
20220—
2021121

Latest: Armorie, accepted Jan 10, 2025.

Strongest Relationships

The firms named most often on the same buildings as Adellco, at least 2 in common.

Sponsor's counsel

Sales teams

From the same offering plans as the table below. A firm's own affiliates aren't counted.

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CondominiumAcceptedUnits$/unit
Armorie114 East 25th Street · Manhattan · new constructionSponsor: 114 East 25th Ventures, LLC · Principals: Matthew Adell · Reported by 6sqft.com ↗202519$3.91 million
Wales Condominium1295 Madison Avenue · Manhattan · new constructionSponsor: 1295 Property LLC · Principals: Matthew Adell · Reported by 6sqft.com ↗202121$190,476
211 West 14th Street Condominium211 West 14th Street · Manhattan · new constructionSponsor: 211 West 14th Property Owner, LLC · Principals: Matthew Adell · Reported by adellco.com ↗201521$3.66 million

$/unit is the offering price on the AG record divided by the residential units; the average is across the plans with both. Different spellings of one company's name are counted together.