Cris Burnam Acquires Warehouse In East Village, Manhattan For $73M

The property asset involved in this transaction is located at 28 2 Avenue in the East Village, Manhattan. It is a warehouse with a sale price of $73,000,000. The building comprises a total square footage of 52,497 and has a base square footage of 30,100, resulting in a price per base square foot of $2,425 and a price per square foot of $1,391. The property's zoning is classified as C6-2A, and it has a floor area ratio of 10.50. The lot size measures 5,000 square feet with dimensions of 50 ft x 100 ft, and it falls under tax class 4. The last recorded sale price was $0 on August 31, 2001.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $73,000,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Base Square Footage: 30,100
• Price per Base Square Foot: $2,425
• Total Square Footage: 52,497
• Price per Square Foot: $1,391
• Floor Area Ratio: 10.50
• Tax Class: 4
• Lot Size: 5,000
• Lot Dimensions: 50 ft x 100 ft
• Last Sale Price: $0 on 8/31/2001

The buyer of the property is Cris Burnam, while Jon Dario acted as the seller in this transaction. This deal reflects a significant investment in the East Village market, further illustrating the ongoing activity in warehouse properties. The transaction showcases the collaboration between the buyer and seller, with a notable focus on the details surrounding the lot’s specifications and zoning regulations.