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Adellco

18 West 27th Street, #5
New York, NY 10001
(212) 683-3003
Website
[email protected]

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 firms 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,

  • 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
notes
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
notes
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
notes
Sold for $195 million; will stay rental
Manhattan, 10024
...
Manhattan, 10011
Adellco, 211 WEST 14TH PROPERTY OWNER, LLC
The sponsor(s) filed plans on 02/25/15 for a condo project at 209 West...
Manhattan, 10011
Adellco, 211 WEST 14TH PROPERTY OWNER, LLC
The sponsor(s) filed plans on 02/25/15 for a condo project at 209 West...