Liberty Bagels bought 5 E. 47th St. in New York to house its offices and its newest shop. (Andria Cheng/CoStar).

Hit New York bagel shop chain Liberty Bagels has made its first real estate purchase since its start 30 years ago.

Liberty Bagels acquired 5 E. 47th St. just east of Fifth Avenue for $9.4 million, Resolution Real Estate, representing the owner of Liberty Bagels, said Tuesday in a statement. Resolution said Liberty Bagels plans to occupy about 50% of the seven-story vacant property, which spans 18,500 square feet and was built in 1920.

Liberty Bagels plans to use the space for its corporate and catering division offices across several floors, while it has been building out the first-floor retail and basement levels for a new Liberty Bagels shop, set to open Saturday. The property, previously owned by Walter & Samuels, also comes with 16,095 square feet of air rights, Resolution said.