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

  • Bunny Deana

    Although it’s over 40 years since I was Bunny Deana at the London Playboy Club, here we are still discussing Playboy and Bunnies. It just goes to show what a great idea it was, and honestly what a great job to have. I mean, how else would a 21-year old former typist get to fly first-class to America to visit the Playboy Mansion in Chicago, sip champagne with Hugh Hefner and Hollywood stars, and be crowned ‘Bunny of The Year’ by James Bond! If anyone is interested, I have a collection of original (and now historic!) Playboy Club photographs online at “Bunny Deana’s Playboy Photo Album”, illustrating what I think was the true golden age of classic Playboy.