- Type
- Condominium
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Armorie would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Armorie is an adaptive reuse of a 1921 Beaux-Arts building at 114 East 25th Street, formerly office and publishing space, into condominium lofts. It sits east of Park Avenue South and across the street from the 69th Regiment Armory, which gives the project its name. Most Flatiron and Gramercy residential stock is prewar co-ops and loft conversions from earlier cycles; office-to-condominium conversions of this size are few.
Adellco, whose founder Matthew Adell is the plan's listed principal, developed it. Published project materials describe one- to four-bedroom loft residences and a penthouse with a rooftop terrace. The offering is small: 19 residences in the plan.
For a buyer, the case is condominium ownership in a converted prewar shell near the 6 train and Madison Square Park, with condominium financing and resale flexibility that the area's prewar co-ops do not offer.
Architecture and residences
The building is a Beaux-Arts structure dating to 1921. The city's lot record shows 12 floors and 42,898 square feet; marketing materials say 14 stories, and the difference may be a penthouse or mechanical levels. Published project materials credit Andre Kikoski Architecture with the conversion, and describe layouts that echo Beaux-Arts interiors.
The plan lists 19 residential units, one commercial unit and 15 storage units, for 35 units in total. Published materials describe residences from one to four bedrooms, loft-style volumes, and a rooftop terrace on the penthouse. Individual unit sizes and finishes are in the plan's schedules.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (CD240249), the plan was submitted August 23, 2024 and accepted January 10, 2025, with a total offering price of $74,292,286. The Attorney General record lists three amendments: amendment 1 (October 2025, a construction status update and FinCEN disclosures), amendment 2 (March 2026, FinCEN disclosures) and amendment 3 (filed July 17, 2026, pending review on the record). None changes the price. The record shows no effective date and no units sold.
Asking prices: published marketing for individual residences shows prices from about $1.5 million for a unit on the tenth floor to about $4.6 million on the eleventh floor, with a median asking price of about $1.2 million for one-bedrooms and $4.1 million for three-bedrooms in published summaries. These are snapshots, and they are not the sponsor's current price list. Confirm current pricing and availability with the sponsor.
Recent sales
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Dec 22, 2014 | — | $36,500,000 |
| Jan 30, 2014 | — | $30,000,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00880-0082). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Plan status. The plan is accepted, which allows the sponsor to market and accept reservations. Closings require the plan to be declared effective. The record shows no effective date; ask the sponsor where it stands and read amendments 1 to 3.
Deposit and contract. Sponsor contracts typically require a deposit of about 10 percent of the price, often split between signing and a later date. The Attorney General's statistical record for this plan shows a $15,000 deposit entry; the plan sets the actual schedule.
Taxes at closing. In sponsor sales the buyer customarily pays the state and city transfer taxes plus the state's graduated mansion tax on residential purchases of $1 million and up, plus title and lender costs. Use the calculators below.
Closing on a temporary certificate of occupancy. Conversions commonly close on a temporary certificate of occupancy, the city's interim sign-off that the building is safe to occupy while final items remain open. Amendment 1's construction status update is the place to read the sponsor's current schedule.
Common charges and taxes. The plan's budget projects both. The plan's tax disclosure states whether one applies and when it phases out. The sponsor controls the board until owners elect one under the declaration.
Building-specific points. Check the unit count against the plan: 19 residential units against 20 in marketing materials. Check whether the 15 storage units are sold with residences or separately, and what they cost.
Comparable buildings
- 15 East 30th Street — new-construction NoMad condominium tower
- 30 East 31st Street — new-construction condominium tower nearby
- 277 Fifth Avenue — NoMad condominium
- 39 West 23rd Street — new-construction condominium at Sixth Avenue
- 201 East 25th Street — East 25th Street building to the east
More Flatiron buildings
- 95 Madison Residences (95 Madison Avenue) — condominium by FXCollaborative (Fox & Fowle / FXFOWLE)
- The Folio House, 105 Fifth Avenue — co-op
- 108 Fifth Avenue — 1986 condominium
- 119 East 23rd Street (Crossing 23rd) — 2005 condominium by H. Thomas O'Hara Architects
- 120 Central Park South (The Berkeley House) — 1941 co-op
- The Camera Building, 122–124 East 25th Street — 1907 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Flatiron — read The Roebling Team Guide to Flatiron.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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