- For Sale $45,000,000
- Property Type Other
- Units 90
- Date Updated Mar 7, 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
- $25M Repositioning in 2016
- 35,788 GSF across 90-keys
- 60-Seat Restaurant
- Lounge, Cafe, and an Exclusive Roof Top Bar
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Contacts
Location
Getting Around
-
Walk Score ®
100/100
Walker's Paradise
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Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
87/100
Very Bikeable
- City New York City, NY
- Neighborhood NoMad
- Zip Code 10016
- Market Manhattan
Points of Interest
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33rd Street
0.33 miles
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34th Street & Broadway at Northwest Corner
0.38 miles
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Broadway & 23rd Street at Northeast Corner
0.43 miles
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Broadway & 23rd Street at Southeast Corner
0.45 miles
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No. 2 Penn Plaza Entrance
0.51 miles
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Grand Central
0.51 miles
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Grand Central 42nd Street / Vanderbilt Avenue entrance
0.52 miles
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7th Avenue & 33rd Street at Northwest Corner
0.52 miles
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Grand Central 42nd Street entrance
0.53 miles
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33rd St / 7th Av
0.53 miles
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ChargePoint
0.21 miles
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Bus Charging Station
0.73 miles
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Blink
0.76 miles
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Tesla Supercharger
0.79 miles
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BP
0.88 miles
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Mobil
1.03 miles
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Citgo
1.71 miles
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Gulf
1.83 miles
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Sunoco
2.06 miles
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Select Garages
0.16 miles
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Red Ball Garage
0.21 miles
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SP+
0.22 miles
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City Parking
0.26 miles
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Icon Parking
0.55 miles
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icon 24hr Parking
0.60 miles
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Icon
0.63 miles
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NYU Langone Parking Lot D
0.64 miles
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iClean
2.06 miles
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Rapid Park
5.11 miles
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HGU
0.00 miles
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Hotel 32 32
0.01 miles
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Hotel AKA
0.05 miles
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Hilton Garden Inn Midtown Park Avenue
0.08 miles
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Avalon Hotel
0.08 miles
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Mondrian Park Avenue
0.08 miles
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Arlo NoMad
0.09 miles
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The Marmara Park Avenue
0.10 miles
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Hotel Chandler
0.10 miles
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The Marmara
0.11 miles
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Chipotle
0.05 miles
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Fields Good Chicken
0.05 miles
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Dig
0.05 miles
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Pret A Manger
0.05 miles
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Five Guys
0.06 miles
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Subway
0.06 miles
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The Ainsworth Midtown
0.07 miles
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Bella Napoli
0.07 miles
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Pando Park
0.07 miles
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Donsbogam Original
0.08 miles
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American Academy of Dramatic Arts
0.08 miles
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Rebecca School
0.09 miles
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Norman Thomas High School
0.12 miles
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Devry College
0.13 miles
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Lexington Avenue Campus Touro College
0.16 miles
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CUNY Graduate School and University Center
0.17 miles
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Stern College Yeshiva University
0.22 miles
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Public School 116
0.31 miles
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Mercy University
0.32 miles
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Public School 14
0.37 miles
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Alpha Bet Preschool of Murray Hill
0.22 miles
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Wee Ones Club
0.25 miles
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Push My Swing
0.28 miles
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NY Kids Club
0.36 miles
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Kindercare
0.37 miles
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Everbrook Academy
0.45 miles
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Gymboree
0.47 miles
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Explore + Discover Early Learning Center
0.49 miles
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St Vartan Play Group Preschool
0.53 miles
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The Accorn School
0.55 miles
Frequently Asked Questions
The space currently listed for sale at HGU New York asks for $45,000,000.
HGU New York totals 35,778 square feet.
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