Updated May 12, 2025
Cris Burnam Acquires Warehouse Property On 290 Dyckman Street, Washington Heights, Manhattan For $20.6M
290 Dyckman Street, New York City, New York 10034, United States
$20,600,000
$595/SF
Building Size
34,570 SF
Asset Type
Industrial
Closing
Dec 15, 2021
About this deal
AI
This transaction involves the sale of a warehouse located at 290 Dyckman Street in the Washington Heights market of Manhattan. The property was sold for $20,600,000 and has a building size of 34,570 square feet with a price per square foot of $596. The asset is situated on a lot that measures 17,275 square feet with dimensions of 100 ft x 169.25 ft. The property's zoning classifications are C8-3 and R7-2, and it has a floor area ratio (FAR) of 2.00. The tax classification for this asset is 4. The last recorded sale price was $5,183,000 on November 9, 2012.
Summary of transaction details:
- Property Type: Warehouses
- Transaction Amount: $20,600,000
- Buyer: Cris Burnam
- Seller: Jon Dario
- Building Size: 34,570 sq ft
- Price per Square Foot: $596
- Lot Size: 17,275 sq ft
- Lot Dimensions: 100 ft x 169.25 ft
- Last Sale Price: $5,183,000
- Last Sale Date: 11/09/2012
- Zoning: C8-3, R7-2
- Floor Area Ratio: 2.00
- Tax Class: 4
The key individuals in this transaction include buyer Cris Burnam and seller Jon Dario. They were directly involved in the negotiation and completion of this sale, resulting in the transfer of the property from Jon Dario to Cris Burnam.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93