114 East 25 Street

Flatiron District, Manhattan

Parcel ID (BBL): 1008800082

Acris records

Owner: Adellco

Acquired: June 16, 2020, $41.3 million

Debt: January 26, 2024, $30.5 million

Built: 1921

Renovated: 2015

SF: 48,236

Dwelling units: 0

No. of buildings: 1

Class: Office with Comm — 7 to 19 stories (O6)

Floors: 12

Transactions:

Adellco borrowed $30.5 million from Arbor Realty Trust for 114 East 25th Street, Flatiron District, Manhattan on January 26, 2024.

• Israel Discount Bank on January 14, 2022 bought a loan with an original principal of $35 million from Arbor Realty Trust, signed by John Natalone, secured by 114 East 25th Street, Flatiron District, Manhattan, when owned by the borrower.

Shorewood Real Estate Group sold 114 East 25th Street, Flatiron, Manhattan for $41.3 million to 114 East 25th Ventures, LLC on June 16, 2020.

Development:

Adellco filed major alteration job M01089547 for 48,411 sqft R-2 building with 19 apartments in Flatiron District, Manhattan, on September 20, 2024.

• William O’Connor filed major alteration job 122622910 for 48,400 sqft B building in Flatiron District, Manhattan, on December 07, 2015.

Daniel Geres filed alteration job M01136825 for 48,411 sqft building with 0 apartments in Flatiron District, Manhattan, on December 10, 2024.

• Eddie Gazheli filed alteration job M01129311 for 48,411 sqft building with 19 apartments in Flatiron District, Manhattan, on October 18, 2024.

Daniel Geres filed alteration job M01115060 for building in Flatiron District, Manhattan, on October 10, 2024.

• Eddie Gazheli filed alteration job M01116674 for 48,411 sqft building with 19 apartments in Flatiron District, Manhattan, on September 25, 2024.

• Eddie Gazheli filed alteration job M01116654 for 48,411 sqft building with 19 apartments in Flatiron District, Manhattan, on September 25, 2024.

Most recent Schedule of Occupancy

Condominium:

• Daniel Geres filed plans CD240249 on August 23, 2024 for 35-unit condominium called Armori at 114 East 25th Street.

Violations:

According to city public data, the properties have received $1,000 in OATH penalties in the last year.

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