Franck Ruimy Of Silver Creek Development Acquires Hotel In Battery Park City For $110M

The property involved in the transaction is a hotel condominium located at 2 West Street in Battery Park City, Manhattan. It was sold for a total price of $110 million, and the property encompasses approximately 289,550 square feet, resulting in a price per square foot of $380. This sale occurred through a bankruptcy process from the previous owner, Urban Commons.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $110,000,000
• Square Footage: 289,550
• Price Per Square Foot: $380
• Address: 2 West Street
• Market: Battery Park City, Manhattan
• Buyer: Franck Ruimy - Silver Creek Development
• Seller: Urban Commons

The transaction was facilitated by Franck Ruimy, representing Silver Creek Development, which successfully acquired the property in a bankruptcy sale. Urban Commons was the seller in this deal, indicating their exit from ownership of the hotel condominium.