THE CONDO BOOK PROJECT

Armorie

114 East 25th Street, Manhattan, NY 10010

Overview

Units
19 residential · 15 storage · 1 commercial
Subway
3 min walk to 23 St-Baruch College 628 St 6, 3 min
Developer
Adellco
Principals
Matthew Adell
Average $/sf
$2,138Homes in Schedule A, as first offered
Common charges
$1,816–$7,147 a monthSponsor's first-year estimate in Schedule A, July 1, 2026 - June 30, 2027
Offering price
$74.3 million total

The sponsor of record is 114 East 25th Ventures, LLC, represented by Starr Associates, LLP. The offering plan runs 588 pages. The sponsor has filed 3 amendments, the latest in July 2026. The nearest other condo plan on file is 122 East 25th Street Condominium, next door.

Plan CD240249 · New · accepted Jan 10, 2025 · AG record ↗

Compare

FigureThis building1Yard216 units · 1.2 miaccepted 2025Louie Xvii313 units · 0.5 miaccepted 2024
Common ChargesPer Square Foot / Month$2.36Highest$1.08$0.41
Average Offering PricePer Apartment$3.26MIn line$1.88M$3.46M
Average PricePer Square Foot$2,138In line$2,037$2,424
Property TaxesPer Square Foot / Month$1.84Below peers$1.93$1.93
Average Unit SizeSquare Feet1,525 SFLarger923 SF1,427 SF

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Unit mix, closings, budgets, finishes and the team, against Yard and Louie Xvii, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
114 East 25th Ventures, LLC
Developer
AdellcoReported by 6sqft.com
Principals
Matthew Adell
Tax estimate
MGNY Consulting Corp.Prepared the first-year real estate tax projection
Construction lender
Arbor Realty Trust$30.5 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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