Stop by Magnolia Bakery in Bloomingdale’s at 59th Street and Lexington Avenue 1000 Third Avenue New York NY 10022. Magnolia Bakery is a American Bakery that serves baked goods and desserts, offers excellent service and has a great atmosphere. After a long shopping spree at Bloomingdale’s 59th street, is there a more perfect way to unwind than grabbing a bite at Magnolia Bakery? We think not. With so many wonderful choices, Magnolia Bakery is a real treat - and you deserve it!