Liberty Bagels has acquired the mixed-use complex at 5 East 47th St. for $9.4 million, announced Resolution Real Estate. The seven-story, circa 1920 mixed-use property has 18,500 rentable square feet and 16,095 feet of air rights and was delivered vacant.
Jonata Dayan, executive vice president of commercial co-op and condo sales, and Jeffrey Zund, executive director/head of leasing of Resolution Real Estate, a member of NAI Global, represented the owner of Liberty Bagels in the purchase.
“This was an excellent opportunity for our client at a great price in today’s market,” said Dayan. “The building was recently renovated with a new elevator, and the floor plates are all column free.”
The buyer plans to occupy approximately 50% of the space, spanning several floors, for its corporate and catering divisions, and build out the first floor retail and basement levels for a new Liberty Bagel unit. The new store opens Saturday, January 10.
The seller, Walter Samuels, was represented by David Schectman, senior executive managing director and Managing Directors Abbe Kassin and Lipa Lieberman of Meridian Investment Sales, a division of Meridian Capital Group.
Liberty Bagels has multiple locations in Manhattan and Queens.
