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

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.