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ELO Organization buys 15 West 47th Street

15 West 47th Street (Credit: Anomalous_A)

The ELO Organization has entered into contact to acquire 15 West 47th Street from the Chetrit family Ray Yadidi’s Sioni Group for $115 million. The building spans 120,790 square feet, and attracts gem and diamond related businesses, TRD first reported.

  • Worth Noting: The Diamond District property is located between Fifth and Sixth Avenues, and has been on and off the market since 2017. 
  • Flashback: Chetrit paid $62.5 million for the property in 2012.

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