Downtown's Realty Towers sold for $2M


YOUNGSTOWN — Realty Tower Apartments, a downtown 23-unit building, was sold for $2 million by a subsidiary of NYO Property Group.

The sale by Management Parking LLC, the NYO subsidiary, to YO Properties 47 LLC of the 88-year-old building was finalized Friday.

The members of YO Properties cannot be determined by the online filing on the Mahoning County Auditor’s website. It’s the first property owned by YO Properties.

The 13-story building was transformed in 2009 from a vacant structure into upscale downtown apartments.

It was purchased Dec. 14, 2000, for $540,000 by USA Parking Inc. and transferred April 3, 2001 to Management Parking.

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