Dayan and Zund of Resolution Real Estate arrange Liberty Bagels’ $9.4 million purchase of 5 East 47th St.
Manhattan, NY 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 of 5 East 47th St. for $9.4 million. The seven-story, circa 1920 mixed-use property has 18,500 rentable s/f, 16,095 ft. of air rights, and was delivered vacant.
“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.”
Zund said, “The location helped secure the deal, too. The building is just off Fifth Ave., and in walking distance to Grand Central, Port Authority, and Penn Station.”
The seller, Walter Samuels, was represented by David Schectman, senior executive managing director, Abbe Kassin, managing director, and Lipa Lieberman, managing director of Meridian Investment Sales, a division of Meridian Capital Group.
Liberty Bagels has multiple locations in Manhattan and Queens. The buyer plans to occupy 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.