Adellco | The Real Deal New York

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18 West 27th Street, #5
New York, NY 10001
(212) 683-3003

Adellco is a full-service real estate development and management company. Founded in the 1990s by Matthew Adell, the firm has canvassed Manhattan with ground-up and redevelopment projects. Most of the firm’s early projects were along the Sixth Avenue corridor in Chelsea, particularly south of Herald Square from 23rd Street to 31st Street. One of its most notable projects in that area was the 2001 completion of the Capitol at Chelsea, a 387-unit apartment building. Among the projects Adellco has redeveloped are the Wimbeldon on the Upper East Side, the Instrata Gramercy, and the Instrata Nomad, the latter of which Adellco renovated after taking over the former Madison Belvedere. The firm also has bought and sold many luxury rental buildings over the years, including the Aston (one of its ground-up projects, which it sold in 2005 to Archstone-Smith) and the Brewster (which Adellco served as operating partner in 2012). The firm also provides leasing and brokerage for many of its projects,

...two condos in 2004 and 2014 for a combined $16.9 million. Adellco’s condo development at 27 East 79th Street claimed the week’s second-priciest contract, with...

...Madison Avenue Matthew Adell’s ­Adellco is buying the Hotel Wales and plans to convert it into a luxury condo...

...million. Unit TH2 at the building, developed by Adellco, spans the second, third and fourth floors of the 15-story building. The contract price...

...association filed in 2014 against the owner, property manager Adellco Management and lender Nationwide Life Insurance Co. According to the lawsuit, as manager of...

...Bloomberg's Upper East Side mansion. Adell, head of Adellco, filed plans last week for a 232-foot tall condominium at 27 East 79th Street, New...

...The property spans 24,520 buildable square feet. Adell owns Adellco, which has developed properties such as the Capitol, a 38-story, 387-unit rental tower at...

...and Eighth avenues. Real estate owner and manager Adellco is developing the project. The development is in the early phase of planning, but...

...previously reported. Before it went into foreclosure, Flatiron-based Adellco had wanted to erect a 32-story condominium property called the Remy, as previously reported...

...was previously slated to be the site of Adellco...

...Nov. 9 with a lien of more than $27.1 million. Adellco purchased the 3,823-square-foot lot at 28th Street in 2005 for $19.8 million with plans to build...

...Deal reported that Invesco and its operating partner, Adellco, were in contract to buy the building for $125 million from a partnership comprised of...

03/09/11 investment firm Invesco and its operating partner, Adellco, signed a contract to buy Gramercy Park residential building the Elektra for $125 million, two...

...a Wi-Fi connection. On March 25, a representative of Adellco filed plans with the DOB for 32-story Aloft at 815 Sixth Avenue in Chelsea, the...

...entity affiliated with the real estate development company Adellco, according to city property records posted today. The sales price put the cost at...

...residential buildings are also on the drawing board: Adellco... 55 West 25th Street, and two condo towers, Adellco...

...expected to reach $210 million. Owners Cornerstone Properties and Adellco have hired Doug Harmon of Eastdil to market the 266-unit apartment building completed in...

...buys Palm Beach firm more 2. A conversation with Adellco...
  • Event Financing
  • Address 27 East 79th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 5,760
  • Price $ 35,000,000
  • Publication Date 06/04/2018
  • Event Date 05/18/2018
  • Party 1 Adellco
  • Party 1 Brokerage Meridian Capital Group
  • Party 1 Broker Tal Bar-or, Richard Sutton
  • Party 2 Interaudi Bank
The owner secured a $35 million construction financing loan for the Upper East Side condominium project.
  • Event Sales
  • Building Name Wimbledon Apartments
  • Address 200 East 82nd Street
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 205,261
  • Price $ 150,350,000
  • Price per foot $ 732.48
  • Publication Date 08/01/2008
  • Event Date 06/22/2008
  • Party 1 P&H Associates
  • Party 2 Adellco affiliate
The property sold for $150.35 million, or around $750 per square foot. The building had gone on the market in January with an asking price of $175 million. Monthly rents at the building average $3,000.
  • Event Sales
  • Building Name The Aston
  • Address 800 Sixth Avenue
  • Neighborhood NoMad
  • Borough Manhattan
  • Price $ 195,000,000
  • Publication Date 08/01/2005
  • Event Date 06/22/2005
  • Party 1 Adellco LLC and Cornerstone Properties
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Douglas Harmon
  • Party 2 Archstone-Smith
Sold for $195 million; will stay rental
Manhattan, 10075
Adell Corporation, 27E79 PROPERTY LLC
The sponsor(s) filed plans on 02/10/17 for a condo project at 27 East...
Manhattan, 10024
Manhattan, 10011
The sponsor(s) filed plans on 02/25/15 for a condo project at 209 West...
Manhattan, 10075
Adell Corporation, 27E79 PROPERTY LLC
The sponsor(s) filed plans on 02/10/17 for a condo project at 27 East...
Manhattan, 10011
The sponsor(s) filed plans on 02/25/15 for a condo project at 209 West...