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.