Cris Burnam Acquires Warehouse In Harlem, Manhattan For $87.7M

The property asset involved in this transaction is a warehouse located at 2341 12 Avenue in Harlem, Manhattan. It has a total square footage of 86,625 and was sold for a price of $87,700,000, reflecting a price per square foot of $1,012. The building sits on a lot size of 12,490 square feet with dimensions of 99.92 ft x 125 ft and has a floor area ratio (FAR) of 6.94. It falls under the zoning classification of C6-2, MMU and is designated under tax class 4.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $87,700,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Building Size: 86,625 SF
• Price Per SF: $1,012
• Lot Size: 12,490
• Last Sale Price: $0 (2/27/1998)
• Lot Dimension: 99.92 ft x 125 ft
• Building Square Footage: 75,190 BSF
• Price Per BSF: $1,166
• FAR: 6.94
• Tax Class: 4

Cris Burnam acted as the buyer in this transaction, while Jon Dario served as the seller. The deal involved a significant financial exchange reflecting the growing interest in industrial properties within the Harlem market, indicative of current trends in warehouse demand.