The former New York Playboy Club, once owned by Hugh Hefner, will be up for auction on January 17th, 2024 at the New York County Courthouse. This nine-story commercial building located at 5 East 59th St offers a total of 45,350 rentable square feet that can be used for either commercial or residential purposes. The seller is being represented by JLL Capital Markets and their team led by Bob Knakal, Hall Oster, Clint Olsen, Jonathan Hageman and Vickram Jambu.
According to Oster from JLL Capital Markets: “This property’s flexible zoning allows for various configurations such as a high-end retail destination or a combination of retail and office space. It also presents an opportunity for redevelopment due to its prime location in the prestigious Plaza District with excellent visibility and convenient transportation options.”
