Ray Yadidi + Isaac and Eli Chetrit had planned to sell 15 West 47th Street to the ELO Organization, but the buyer reportedly failed to close on the deal, Crain’s first reported. The 18-story, 120,790-square-foot building, which sits between Fifth and Sixth avenues, has been on the market since 2017.
- Another deal falls through: The ELO Organization skipped the closing, which was scheduled to wrap up by Monday. The Chetrits and Yadidi sent a letter to the firm to notify it was in breach of contract, but did not hear back.
- Worth Noting: The Chetrits purchased the building in 2012 with Yadidi’s Sioni Group for $62.5 million in 2012, and had hoped to sell the commercial property for between $190 million and $200 million. [Crain’s]