The incident was reported Saturday outside the Four Points hotel on 326 West 40th Street.
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Officials say the 37-year-old victim got into a verbal dispute with two other individuals.
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The dispute escalated and the suspects took a designer Versace bag, a Louis Vuitton wallet and two iPhones from the victim before stabbing him in the back with a sharp object.
Police say the value of the stolen property is estimated to be worth around $5,900.
The victim was taken to the hospital and released.
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The suspects ran away from the scene.
Anyone with information is asked to call the NYPD's Crime Stoppers Hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782).
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