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5 East 59th Street
SOLD

Avi Hiaeve Acquires Former Playboy Club NYC Building In Lenox Hill For $26M

5 East 59th Street

Commercial
45,000 SF
clock iconSold 136 days ago
Vickram Jambu
Robert (Bob) Knakal
Jonathan (Jon) Hageman
+ 3
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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:

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.

Players

  • All

    6

  • Agents

    5

  • Agencies

    1

Vickram Jambu's profile picture
Vickram Jambu
JLL-image
Managing Director
$648.9M Sold
Hall Oster's profile picture

Details

Deal Summary
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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.

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Address5 East 59th Street

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