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Two Park Ave., a 29-story Art Deco building, is being sold to a German real estate investment fund for $292 million.
The building, between 32nd and 33rd Streets, was sold by Vornado Realty Trust, New York City's biggest office-building owner, which announced the sale yesterday.
The buyer of the 965,000-square-foot building, constructed in 1928, is Frankfurt-based SEB Immobilien-Investment GmbH. The deal is expected to close in the fourth quarter, Vornado said,...