Matthew Adell Of Adellco Sells 20 Condos At The Armorie In Flatiron For $71M

The transaction involved the sale of 20 condos and commercial space located at 114 East 25th Street in the Flatiron market. The sale was completed at a total price of $71,000,000, leading to a per unit price of $3,550,000.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $71,000,000
• Units: 20
• Address: 114 East 25th Street
• Market: Flatiron
• PPU: $3,550,000
• Seller: Matthew Adell - Adellco
• Broker: Richard Hottinger - The Hottinger Team

Adellco sold the entire property to a private family office shortly after initiating soft sales for the condos and commercial space, further demonstrating the swift execution of the transaction.