377 7 Avenue
Penn Plaza, Manhattan
Parcel ID (BBL): 1008060076
Owner: Slate Property Group
Acquired: December 29, 2025, $260 million
Debt: December 29, 2025, $295.5 million
Built: 1929
Renovated: 1988
SF: 473,391
Dwelling units: 529
No. of buildings: 1
Class: Luxury Type – Built Prior to 1960 (H1)
Floors: 28
Transactions:
• Slate Property Group and Breaking Ground borrowed $295.5 million from Wells Fargo, NYS Housing Finance Agency, NYC Department of Housing Preservation and Development and Low Income Investment Fund for 371 7th Avenue and 148 West 31st Street, Penn Plaza, Manhattan on December 29, 2025.
• Sioni Group and Patriarch Equities sold 371 7th Avenue and 148 West 31st Street, Penn Plaza, Manhattan for $260 million to Slate Property Group and Breaking Ground on December 29, 2025.
• Sioni Group borrowed $143 million from Valley National Bank for 371-377 7th Avenue and 148 West 31st Street, Penn Plaza, Manhattan on July 16, 2025.
Development:
• Sioni Group filed plans for major alteration for 22,179 sqft in Penn Plaza, Manhattan, on December 05, 2024.
• Jack Yadidi filed plans for alteration in Penn Plaza, Manhattan, on April 15, 2024.
• Jack Yadidi filed plans for alteration in Penn Plaza, Manhattan, on February 14, 2024.
• Jack Yadidi filed plans for alteration in Penn Station, Manhattan, on August 02, 2023.
• Jack Yadidi filed plans for alteration in Penn Station, Manhattan, on May 22, 2023.
Most recent Schedule of Occupancy
Violations:
According to city public data, the properties have received one DOB violation, $10,000 in ECB penalties, and $56,235 in OATH penalties in the last year.