Police investigating the assault at a property on Marshall Avenue, Bridlington, at 7.40pm on Saturday have described the man's injuries as "potentially life-threatening".
Four men have been arrested in connection with the attack.
Senior Investigating Officer Christine Calvert said: “I want to reassure the local community that I believe this to be an isolated incident with no risk to the wide public.
“The four men that have been arrested will be questioned about the incident and I would appeal for anyone that has information about the incident to contact us.”
Anyone with information that would help with our investigation should call police on 101, quoting log 511 of August 15.
Information can also be passed on anonymously via Crimestoppers on 0800 555111.
A message from the editor
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper.
Our journalists are highly trained and our content is independently regulated by IPSO to some of the highest standards in the world. The dramatic events of 2020 are having a major impact on many of our local valued advertisers and consequently the advertising that we receive. We are now more reliant than ever on you helping us to provide you with news by buying a copy of our newspaper.