Cris Burnam Acquires Warehouses In East Harlem, Manhattan For $267.4M

The property asset involved in this transaction is located at 2140 1 Avenue & East 110 Street in the East Harlem market of Manhattan. The sale was finalized for a price of $267,400,000. The asset type is warehouses with a total square footage of 257,400 and a building square footage of 43,192. The price per building square foot is $6,191, and the price per square foot is $1,039. The lot size is 21,596 square feet, and it has a lot dimension of 201.83 ft x 107 ft. The zoning classification for this property is M1-4, and it falls under tax class 4.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $267,400,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Building Square Footage: 43,192
• Square Footage: 257,400
• Price per Building Square Foot: $6,191
• Price per Square Foot: $1,039
• FAR: 11.92
• Lot Size: 21,596
• Lot Dimension: 201.83 ft x 107 ft
• Tax Class: 4

In this transaction, Cris Burnam acted as the buyer, while Jon Dario was the seller. The engagement highlights the intricacies of real estate dealings in Manhattan, specifically within the East Harlem area, during this time frame. The transaction reinforces the market dynamics and pricing trends associated with warehouse-type properties in this locale.