Adellco secured a $71 million bulk sale at its Flatiron conversion project, The Armorie, at 114 East 25th Street. A private family office agreed to purchase all 20 condo units and the commercial space, matching the project’s $73 million offering plan. Sales launched quietly this spring, and a deal came within a week. Construction is expected to finish by early 2026. Adellco bought the former office building for $41.3 million and added amenities like a gym, lounge, and roof deck.
Adellco
