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Mave_hotel-282x300The boutique MAve hotel, located just north of Madison Square Park at 62 Madison Avenue has sold for for $28.5 million according to the Real Deal.

Considering it was at one point facing foreclosure and then bankruptcy, this is a positive development for the building.

The 72-room contemporary hotel has been around since 2009 and was one of the first of the new boutiques to open in the Nomad neighborhood. It also has a prime corner retail space in its lobby that to our recollection has never been occupied. Maybe the new owner can find a great tenant.The MAve hotel in Nomad sells for 28.5 million, 4.0 out of 5 based on 1 rating

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