Sioni Group, led by Ray Yadidi, purchased the office building at 363 Seventh Avenue in Penn Plaza, Manhattan, from Empire Management for $21.3 million. The property, with 83,642 square feet of built space, was bought at a price of $255 per square foot. Sioni Group plans to convert another building on the same block, the Stewart Hotel, into a 625-unit residential building.
363 Seventh Avenue
