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108 West 107th Street, New ...

Updated May 12, 2025

Cris Burnam Acquires Warehouse In Manhattan Valley For $149.7M
SOLDIndustrial

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

Jon Dario

Edison Properties

Broker

$3B

vol

22 deals

Broker
Cris Burnam

Cris Burnam

Buyer

$3B

vol

18 deals

Buyer
Jon Dario

Jon Dario

Edison Properties

Seller

$3B

vol

22 deals

Seller

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $149.7M for 113,886 square feet (2021).

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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

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