NoMad’s MAve hotel has sold for roughly $28.5 million, brokerage Savills Hospitality, which handled the transaction, said.
The 62 Madison Avenue property, near East 27th Street, was formerly owned by an entity controlled by Livorno Properties principal Ben Zion Suky and Roxy Deli owner Joseph Ben Moha. The 12-story, 72-room hotel features two penthouse suites, a fitness center and roof access. The property hit the market in May after the former owners declared bankruptcy. [more]