ARCADIA BUYS ORIGINAL EMPIRE STATE BUILDING FOR $32.5M

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NEW YORK CITY — Arcadia Strategic Opportunity III LLC and an unaffiliated joint venture partner have acquired 640 Broadway, a nine-story loft building, for $32.5 million. Built in 1897, the property was known as the original Empire State Building. The 63,094-square-foot building includes 12 commercial units and 21 residential units. 640 Broadway is located between Broadway and Crosby streets in the heart of NoHo.

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