Adellco

The Wales at 1295 Madison Avenue - Courtesy of VMI Studios

YIMBY Tours The Wales At 1295 Madison Avenue on Manhattan’s Upper East Side

YIMBY toured The Wales, a newly converted 11-story condominium building at 1295 Madison Avenue in the Carnegie Hill section of Manhattan’s Upper East Side. Developed and owned by Adellco, which purchased the site from LJ Real Estate Capital Partners in 2018 for $56.3 million, along with Parisian design studio PINTO, the historic building features a collection of 21 condominium units and accompanying amenity spaces. Form4 Design Studio and Higgins Quasebarth designed the renovations and upper two-story expansion, and Press Builders served as the general contractor for the property, which was formerly known as Hotel Wales and stands at the corner of Madison Avenue and East 92nd Street. Condominium closings commenced back in March with residences priced from $3.59 million to $21.5 million for the penthouse.

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The Wales at 1295 Madison Avenue - Courtesy of VMI Studios

The Wales Hotel-to-Condo Conversion Now Complete at 1295 Madison Avenue in Carnegie Hill, Manhattan

Construction is now complete on The Wales, a newly converted condominium property at 1295 Madison Avenue in the Carnegie Hill section of Manhattan’s Upper East Side. Led by owner-developer Adellco alongside Parisian design studio PINTO, the building features 21 homes and a modest collection of amenity spaces. The property is located at the corner of 92nd Street and Madison Avenue.

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