Updated May 12, 2025
Cris Burnam Acquires Warehouse In Manhattan Valley For $149.7M
108 West 107th Street, New York City, New York 10025, United States
$149,700,000
$1,314/SF
Building Size
113,886 SF
Asset Type
Industrial
Closing
Dec 15, 2021
About this deal
AI
The property asset involved in this transaction is a warehouse located at 108 West 107 Street, Manhattan Valley, Manhattan. The transaction occurred on December 16, 2021, for a price of $149,700,000. The property encompasses a total square footage of 113,886, with a building square footage of 60,552. The price per building square foot is $2,472, and the price per square foot is $1,314. The lot size is 15,138 square feet, with dimensions of 150 ft x 100.92 ft. The property is zoned R8B and has a Floor Area Ratio (FAR) of 7.52. The tax class is classified as 4. The previous sale price of the property was $23,000,000, which occurred on September 28, 2004.
Summary of transaction details:
- Property Type: Warehouses
- Transaction Amount: $149,700,000
- Buyer: Cris Burnam
- Seller: Jon Dario
- Building Square Footage: 60,552
- Total Square Footage: 113,886
- Price per Building Square Foot: $2,472
- Price per Square Foot: $1,314
- Lot Size: 15,138
- Lot Dimensions: 150 ft x 100.92 ft
- Floor Area Ratio: 7.52
- Tax Class: 4
- Last Sale Price: $23,000,000
- Last Sale Date: 9/28/2004
The individuals involved in the deal include Buyer Cris Burnam and Seller Jon Dario, who completed the property transaction in the Manhattan Valley market. Details about their affiliations or representatives in the transaction are not provided in the context.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93