Rockabill Development Acquires Upper West Side Hotel For $12.6M

A hotel located at 235 West 107th St. in the Upper West Side neighborhood of New York City has been sold for a total of $12,600,000. The property, which is owned by the Margules Family Partnership LP and represented by Rubin Margules, comprises 64 units with an average price per unit of $196,875. In terms of square footage, the hotel spans 21,143 square feet, resulting in a price per square foot of $595.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $12,600,000
• Units: 64
• Price per Unit: $196,875
• Square Footage: 21,143
• Price per Square Foot: $595
• Address: 235 West 107th St., Upper West Side, New York City

The buyer of the property is Rockabill Development, represented by Niall Murray and the Goddard Riverside Community Center. They acquired the hotel from the Margules Family Partnership LP, with Rubin Margules acting as the seller's representative. This transaction took place on May 26, 2021.