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New York & Tri-State  + Midtown New York  + Finance  |  October 2, 2023
Emily Fu
By: Emily Fu

Former Avalon Hotel in NoMad Markets for Sale 

The former Avalon Hotel in NoMad is listed for sale. The property, located at 16 East 32nd Street between Fifth and Madison Avenues, offers a blank slate for investors, as it will be delivered vacant with no management or flag.  

The property stands 12 stories tall, with 100 keys and 71,250 gross square feet. It features 65.5 feet of frontage on 32nd Street, three elevators, and an average weighted room size of 400 square feet. The C5-2 zoning district allows for various uses, including hotel, luxury office, residential, or student housing.  

Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, is representing the seller in this transaction with a team led by David Schechtman, Lipa Lieberman and Abie Kassin. 

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Inside The Story

David Schechtman

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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