SOLD
Avi Hiaeve Acquires Former Playboy Club NYC Building In Lenox Hill For $26M
5 East 59th Street
Commercial
45,000 SF
45,000 SF
Sold 63 days ago
Summary
Sale
NEW YORK
Commercial
45,000 sqft
The former Playboy Club NYC Building at 5 East 59th Street in Lenox Hill, Manhattan has been acquired by Avi Hiaeve of Avi & Co. The property, spanning 45,350 square feet, was sold for $26,000,000. Situated on 5th Avenue, the building stands among iconic landmarks such as the world's largest Apple store and Crown Plaza.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $26,000,000
- Address: 5 East 59th Street
- Market: Lenox Hill, Manhattan
- Square Footage: 45,350
- Buyer: Avi Hiaeve - Avi & Co.
- Brokers: Clint Olsen, Hall Oster, Jonathan Hageman, Robert Knakal & Vickram Jambu - JLL
Avi Hiaeve's acquisition of the former Playboy Club NYC Building showcases a significant achievement and the culmination of a year-long effort. The property now serves as the new headquarters for Avi & Co., promising endless opportunities in the heart of Lenox Hill, Manhattan.
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Details
SOLD
IMAGE: Avi Hiaeve
DATE: 02/29/2024
ADDRESS: 5 East 59th Street
MARKET: Lenox Hill, Manhattan
ASSET TYPE: Commercial ~ SF: 45,350
BUYER: Avi Hiaeve (@Avi_Hiaeve) - Avi & Co. (@AviandCo)
BROKERS: Clint Olsen, Hall Oster, Jonathan Hageman, Robert Knakal (@BobKnakalNYC) & Vickram Jambu (@VickramJambu) - JLL (@JLL)
SALE PRICE: $26,000,000
SF: 45,000
NOTE: Avi Hiaeve, of Avi & Co., has acquired the former Playboy Club NYC Building located at 5 East 59th Street in Lenox Hill, Manhattan, marking a significant milestone and the fulfillment of a year-long endeavor. Situated on the iconic strip of 5th Avenue alongside renowned landmarks such as the world's largest Apple store and Crown Plaza, the new headquarters symbolizes boundless opportunities for Avi & Co.View on map
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Address5 East 59th Street
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