A billionaire South America playboy is in contract to purchase 5 East 59th Street, an office building once home to Hugh Hefner’s famed Playboy Club, sources familiar with the transaction told The Real Deal today. Both the leasehold and the fee for the property, held by TriState Equities and a Greek individual respectively, traded in the deal, which was valued at $42 million, the sources said. No brokers were involved in the transaction, which was [more]
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