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Cris Burnam Acquires Warehouse In Hudson Square, Manhattan For $200.5M

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SOLD
$200,500,000

New York

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Industrial164,791 SF
Sold 12/16/2021
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SOLD

Cris Burnam Acquires Warehouse In Hudson Square, Manhattan For $200.5M

157 Varick Street, New York City, New York 10013, United States

See Similar Deals
Industrial164,791 SF
Sold 12/16/2021
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,216
Total Square Footage:164,791 SF
Transaction Type:Sale

The property asset involved in this transaction is a warehouse located at 157 Varick Street in the Hudson Square market of Manhattan. The transaction was completed for a total price of $200,500,000. The building encompasses a total square footage of 164,791 and has a building size factor of 175,550 with a price per square foot of $1,217 and a price per BSF of $1,142. The zoning designation for the property is M1-6, HSQ with a floor area ratio of 9.39. The lot size measures 17,555 with dimensions of 100 ft by 175.42 ft, classified under tax class 4. The last recorded sale price of the property was $0 on August 31, 2001.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $200,500,000
  • Asset Address: 157 Varick Street
  • Market: Hudson Square, Manhattan
  • Square Footage: 164,791
  • Building Size Factor: 175,550
  • Price per Square Foot: $1,217
  • Price per BSF: $1,142
  • Zoning: M1-6, HSQ
  • Floor Area Ratio: 9.39
  • Lot Size: 17,555
  • Lot Dimension: 100 ft x 175.42 ft
  • Tax Class: 4
  • Buyer: Cris Burnam
  • Seller: Jon Dario

The transaction involved Cris Burnam as the buyer and Jon Dario as the seller. This deal highlights the activity in Manhattan's warehouse market, reflecting ongoing interest in properties within this area.

Players

22 deals$3B volume
BROKER

Cris Burnam
18 deals$3B volume
BUYER

Jon Dario
22 deals$3B volume
SELLER

Details

SOLD
IMAGE: 12/16/2021 ADDRESS: 157 Varick Street MARKET: Hudson Square, Manhattan ASSET TYPE: Warehouse ~ ZONING: M1-6, HSQ BUYER: Cris Burnam SELLER: Jon Dario PRICE: $200,500,000 BSF: 175,550 ~ PPBSF: $1,142 SF: 164,791 ~ PPSF: $1,217 FAR: 9.39 TAX CLASS: 4 LOT SIZE: 17,555 LAST SALE PRICE: $0 (8/31/2001) LOT DIMENSION: 100 ft x 175.42 ft

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