The Real Deal New York

GreenOak, Capstone pay $85M for former Playboy Club

Brazillian-based Group Victor Malzoni is selling the Midtown property
April 22, 2015 08:30AM

GreenOak Real Estate and Daniel Ghadamian and Josh Zamir’s Capstone Equities are buying the building that was once home to Hugh Hefner’s Playboy Club for $85 million.

Brazilian-based investor group Groupo Victor Malzoni is selling the property at 5 East 59th Street, the New York Post reported. Billionaire Paulo Malzoni paid in $42 million in 2012.

No brokers were involved in the transaction of the roughly 50,000-square-foot, nine-story building, according to the newspaper.

The club flourished after opening in 1962 — frequented by patrons who resemble “Mad Men” characters — but closed two decades later. [NYP] — Claire Moses