Vanick Properties Inc. acquired the 408-410 Broadway office building in lower Manhattan from 408 Broadway LLC for $29 million, or about $386 per square foot.
The five-story, 75,100-square-foot property was built in 1915 and renovated in 2008. It sits between Canal and Walker streets in the City Hall submarket.
The Cushman & Wakefield team of Charles Kingsley, Jonathan Caplan and Yoav Oelsner represented both parties in the deal.
New York City 2010
