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290 Dyckman Street, New Yor...

Updated May 12, 2025

Cris Burnam Acquires Warehouse Property On 290 Dyckman Street, Washington Heights, Manhattan For $20.6M
SOLDIndustrial

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

Jon Dario

Edison Properties

Broker

$3B

vol

22 deals

Broker
Cris Burnam

Cris Burnam

Buyer

$3B

vol

18 deals

Buyer
Jon Dario

Jon Dario

Edison Properties

Seller

$3B

vol

22 deals

Seller

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $595 per square foot on a published $20.6M for 34,570 square feet (2021).

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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

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