Contacts
Avison Young
Avison Young
Avison Young - US - NY - New York
Avison Young - US - NY - New York
Property Details
- Property Type Other
- Units 90
- Date Updated Feb 18, 2025
Avison Young, as the exclusive agent, is pleased to offer for sale 34 East 32nd Street (the ‘Property’), also known as HGU New York, an iconic landmarked historical 90-key hotel located between Madison Avenue and Park Avenue South in the heart of NoMad. Built in 1905, this 35,778 SF Beaux Arts style property is one of the oldest continuously operating hotels in New York City.
The Property underwent a $25M repositioning in 2016 and is now a highly reviewed four-star lifestyle boutique hotel servicing a diverse high-end client base. HGU New York provides investors with a unique opportunity to acquire a turnkey, cash-flowing non-union property in the highly desirable NoMad submarket. Currently self-managed, there is additional upside potential available to a hotel operator with the experience needed to increase revenues and add to the bottom line.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 35,778 GSF across 90-keys, a 60-seat restaurant, two elevator cars, a lounge, a caf and an exclusive roof deck bar
- Spacious accommodations include 81 king rooms and 9 two-room suites
- Old-world pre-war gem with ornate plaster ceilings from 1905 and mid-century modern furnishings
Getting around
-
100/100
Walk Score ®
-
100/100
Transit Score ®
-
87/100
Bike Score ®
Location
- City New York, NY
- Neighborhood NoMad
- Market Manhattan
Points of Interest
-
33rd Street
0.37 miles
-
34th Street & Broadway at Northwest Corner
0.41 miles
-
Broadway & 23rd Street at Northeast Corner
0.43 miles
-
Broadway & 23rd Street at Southeast Corner
0.45 miles
-
Grand Central
0.53 miles
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Grand Central 42nd Street entrance
0.54 miles
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Grand Central 42nd Street / Vanderbilt Avenue entrance
0.54 miles
-
No. 2 Penn Plaza Entrance
0.55 miles
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7th Avenue & 33rd Street at Northwest Corner
0.56 miles
-
28th Street
0.56 miles
-
ChargePoint
0.18 miles
-
Bus Charging Station
0.71 miles
-
Blink
0.77 miles
-
Tesla Supercharger
0.79 miles
-
BP
0.85 miles
-
Mobil
1.06 miles
-
Citgo
1.69 miles
-
Gulf
1.80 miles
-
Sunoco
2.04 miles
-
Select Garages
0.16 miles
-
Red Ball Garage
0.18 miles
-
SP+
0.26 miles
-
City Parking
0.29 miles
-
Icon Parking
0.54 miles
-
icon 24hr Parking
0.59 miles
-
NYU Langone Parking Lot D
0.60 miles
-
Icon
0.67 miles
-
iClean
2.07 miles
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Rapid Park
5.08 miles
-
HGU
0.04 miles
-
Hotel 32 32
0.04 miles
-
Mondrian Park Avenue
0.06 miles
-
The Marmara Park Avenue
0.07 miles
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Hotel AKA
0.07 miles
-
The Marmara
0.07 miles
-
Hilton Garden Inn Midtown Park Avenue
0.09 miles
-
Hotel 31
0.10 miles
-
Clarion Hotel Park Avenue
0.10 miles
-
Avalon Hotel
0.11 miles
-
Mrs. K's
0.11 miles
-
Dover Street Market
0.12 miles
-
Koreatown Shopping Court
0.19 miles
-
Whole Foods Market
0.19 miles
-
Kalustyan's
0.20 miles
-
Trader Joe's
0.23 miles
-
D'Agostino
0.28 miles
-
H Mart
0.28 miles
-
Little India Market
0.30 miles
-
Fairway Market
0.37 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
