Cris Burnam Acquires Harlem Warehouse From Jon Dario For $55.4M

The property asset involved in this transaction is a warehouse located at 2351 12 Avenue in the Harlem market of Manhattan. The asset was sold for $55,400,000. It encompasses a total square footage of 80,742, with a price per square foot of $686. The building's base square footage is 39,070, which results in a price per base square foot of $1,418. The zoning classification for this property is C6-2, MMU, and it has a floor area ratio (FAR) of 12.44. Tax class for this property is classified as 4. The lot size measures 6,490 square feet, with dimensions of 49.92 feet by 130 feet. The last recorded sale price for the property was $0 on February 27, 1998.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $55,400,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• BSF: 39,070
• PPBSF: $1,418
• SF: 80,742
• PPSF: $686
• FAR: 12.44
• Tax Class: 4
• Lot Size: 6,490
• Last Sale Price: $0 (2/27/1998)
• Lot Dimension: 49.92 ft x 130 ft

Cris Burnam acted as the buyer in this transaction, acquiring the property from seller Jon Dario. This deal was executed on December 16, 2021, marking a significant entry into the Harlem market for the buyer. The transaction aligns with the existing zoning regulations under C6-2, MMU, providing opportunities for various development options within the district.