The 37-year-old suffered injuries to his arms and legs.
He is currently in hospital.
The incident is reported to have happened in a house in Canning Place off North Queen Street at around 9.30 pm.
The intruders also smashed a number of windows in the property before making off on foot along Clanmorris Street.
Detectives from the PSNI’s Reactive and Organised Crime Branch have appealed for information.