NEW YORK-Brokerage firm Massey Knakal reportsthat it has arranged the sale of two Chinatown office buildings fora record price of $33.6 million.

The Oved Group's Issac and Joseph Oved acquiredthe adjacent properties at 40-42 Elizabeth St. and 159-165 CanalSt., according to the Commercial Observer. The sales price was arecord-breaker for office properties on Canal Street.

The 40-42 Elizabeth St. property is a five-story,24,425-square-foot renovated office building that features twoground floor retail stores and 16 office units.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.