Ugly Little Herald Square Building Trades for $10.5 M.

An ugly little Herald Square office building has traded for $10.5 million, according to city records.

The four-story building in question squats at 49 West 33rd Street, between Fifth Avenue and Broadway. An obscurely named entity called KC129-09 LLC bought the building from another obscurely named entity, 4933 Realty LLC, on Oct. 3. The latter turned a tidy, $3.5 million gross profit, despite the economic downturn, having purchased the building in June 2007 for $7 million.

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