Adellco
People:
Adellco portfolio
$30.8 million* – hotel 58.0%, office 41.0%; Manhattan 100.0%, Bronx 0.0%
1302th largest portfolio by dollar value
101,761 sqft – hotel 52.0%, office 47.0%;
1912th largest by SF
10 properties – Manhattan 100%, Bronx 0%
851th largest
91 residential units – Manhattan 100.0%, Bronx 0.0%
1510th largest by residential units
Company Activity past 24 months:
Seller company: 1 for $11 million
Borrower company: 2 for $52 million
Top Ten Associated Companies:
Nelson Braff (1), Keith Kantrowitz (1), Lancewood Capital (1), Arbor Realty Trust (1), Wendy Warren (1), G4 Capital Partners (1)
Top Ten Associated People:
Wendy Warren (2), Nelson Braff (1), Keith Kantrowitz (1), Stephanie Platzman-Diamant (1), Jason Behfarin (1), Adam Mizraehi (1)
Recent activity as company:
• Adellco borrowed $30.5 million from Arbor Realty Trust for 114 East 25th Street, Flatiron District, Manhattan on January 26, 2024.
• Adellco borrowed $21.5 million from Lancewood Capital for 1295 Madison Avenue, 1295 Madison Avenue, 1295 Madison Avenue, 1295 Madison Avenue, 1295 Madison Avenue, and others, Carnegie Hill, Manhattan on January 10, 2024.
• Adellco sold 1295 Madison Avenue, Carnegie Hill, Manhattan for $11 million to Nelson Braff and Keith Kantrowitz on November 21, 2023.
• AdellCo borrowed $66.6 million from G4 Capital Partners for 43 East 92nd Street, Carnegie Hill, Manhattan on June 29, 2022.
• AdellCo sold 27 East 79th Street, Lenox Hill, Manhattan for $17.8 million to company on May 11, 2022.
• AdellCo sold 27 East 79th Street, Lenox Hill, Manhattan for $2.6 million to Wendy Warren on April 14, 2022.
• Adellco sold 27 East 79th Street, the Upper East Side, Manhattan for $12.5 million to company on September 08, 2021.
Latest Stories:
• Adellco permitted to convert former Carnegie Hill hotel to 21-unit condo (December 04, 2020)
Properties: