Updated May 12, 2025
Cris Burnam Acquires Warehouse In Chelsea, Manhattan For $234M
302 11th Avenue, New York City, New York 10001, United States
$234,000,000
$1,096/SF
Building Size
213,330 SF
Asset Type
Industrial
Closing
Dec 15, 2021
About this deal
AI
The property asset involved in this transaction is a warehouse situated at 302 11 Avenue in Chelsea, Manhattan. The warehouse spans 213,330 square feet and was sold for a total transaction amount of $234,000,000, translating to a price per square foot of $1,097. The property is zoned C6-3, C6-4, WCH.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $234,000,000
- Address: 302 11 Avenue
- Market: Chelsea, Manhattan
- Square Footage: 213,330
- Price per Square Foot: $1,097
- Buyer: Cris Burnam
- Seller: Jon Dario
- Last Sale Price: $0 (2/27/1998)
The deal reflects the involvement of Cris Burnam in the purchase as the buyer, while Jon Dario acted as the seller for this transaction. No additional representatives or brokers were mentioned in relation to the deal.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jon Dario to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93