YOUNGSTOWN — The Legal Arts Building sold for $400,000, and the First National Bank building is likely to be the next major downtown structure to change hands.

“For everything, there is a sale and a buy price,” said Dominic Marchionda, whose NYO Property Group manages both buildings. “If there’s an opportunity, it’s something I’m going to pursue. There’s a lot of buyers out there looking for properties.”

The Legal Arts Building sale closed Thursday with YO Properties 101 LLC of Youngstown listed on the Mahoning County Auditor’s website as the purchaser. Marchionda didn’t disclose who is behind YO Properties, but Brian S. Angelilli is listed as its statutory agent on a Sept. 13 filing with the Ohio secretary of state creating its articles of organization.

Angelilli, who couldn’t be reached Friday to comment, founded GreenHeart Companies of Boardman in 2009. The company does housing and commercial construction as well as property management, according to its website.

An NYO-affiliated company purchased Legal Arts, 101 Market St., on March 13, 2012, for $175,000. It was last occupied in late 2004. Marchionda, NYO’s managing partner, had plans to build a boutique hotel with office space at the location but that never materialized.

The building used to house The Hub, a diner that closed in early 2004. An explosion in June 2004 of an acetylene tank used at a jewelry repair shop caused damage to the structure, and when repair work wasn’t done, the few tenants at the building left.

The Legal Arts Building was constructed for $2 million in 1965 primarily for legal offices — it’s across the street from the county common pleas courthouse — at the site of the former Sears Roebuck building.

Marchionda said he expects to sell the First National Bank building, 1 W. Federal St., in about two weeks. He declined to disclose the name of the potential buyer of the city’s tallest building.

“It’s been for sale for some time,” he said. “We have someone who wants it.”

James Dignan, CEO and president of the Youngstown Warren Regional Chamber, which is one of the building’s main tenants, said he’s been told an investor from the Chicago area, who’s purchased residential and commercial properties in the Mahoning Valley, is the buyer.

“We’d like to have details and see the plans they have,” he said. “Hopefully, we have a future” at the building.

The chamber’s lease expires at the end of December, he said.

The chamber, which occupies the 15th and 16th floors, has been located at FNB for the past 12 years, he said.

“It’s nice to see someone come in and make it the premier building downtown,” Dignan said. “There were a couple of buyers. We were getting antsy with the current landlord. We need to get something moving pretty quick. We’re interested in staying, but we wanted to get our space updated. It should be a pretty easy, quick negotiation.”

Formerly known as the Metropolitan Savings and Loan Building, FNB is a 17-story, 229-foot-tall building constructed in 1929.

It was purchased Nov. 21, 2012, by Youngstown Acquisition Holdings LLC for $200,000 with the company changing its name to Youngstown First National Holdings LLC about nine months later.

Since July 2018, three downtown buildings managed by the NYO Property Group — one of downtown’s largest landlords — have been sold. They are Realty Tower Apartments at 47 Central Federal St. for $2 million, the former Harshman Building at 103 S. Champion St. for $675,000, and the former St. Vincent de Paul thrift store on the corner of Rayen and Wick avenues for $512,000.

NYO-affiliated companies currently manage the Flats at Wick, the Wick Tower, Erie Terminal Place and the DoubleTree by Hilton hotel downtown.

All are for sale except the hotel, Marchionda said.

Youngstown State University’s board of trustees last month authorized the university to negotiate a purchase agreement for the Flats, a student housing complex. The Flats, near the YSU campus, was listed for sale for $8.5 million.

Marchionda and 10 of his affiliated companies — as well as former Youngstown Mayor Charles Sammarone and ex-city Finance Director David Bozanich — were indicted Aug. 30, 2018, on 101 counts including engaging in a pattern of corrupt activity, bribery, aggravated theft and tampering with records. They’ve all pleaded not guilty.

Marchionda is accused in the indictment of improperly spending at least $600,000 from city funds on personal items and of misusing an undetermined amount of money obtained from state and federal governments on the Flats at Wick, Erie Terminal and Wick Towers projects.