Cris Burnam Acquires Warehouse In Lenox Hill, Manhattan For $326.9M

The property asset involved in this transaction is located at 420 East 62nd Street in the Lenox Hill neighborhood of Manhattan. It is classified as a warehouse with a total price of $326,900,000. The building encompasses a total square footage of 177,920 and has a building square footage of 127,875, resulting in a price per building square foot of $2,556 and a price per square foot of $1,837. The zoning designation for this property is C8-4, and it has a floor area ratio (FAR) of 6.96. The property sits on a lot size of 25,575 square feet, characterized by dimensions of 250 feet by 100.42 feet. The tax class is classified as 4, and the last sale price recorded was $0 on February 27, 1998.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $326,900,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Building Square Feet: 127,875
• Price per Building Square Foot: $2,556
• Total Square Feet: 177,920
• Price per Square Foot: $1,837
• Floor Area Ratio: 6.96
• Tax Class: 4
• Lot Size: 25,575
• Lot Dimensions: 250 ft x 100.42 ft
• Last Sale Price: $0 (2/27/1998)

The key individuals involved in the transaction include buyer Cris Burnam and seller Jon Dario. Their representation in this deal underscores the interaction between both parties in the sale of the warehouse property at 420 East 62nd Street. The transaction reflects significant market activity in the Lenox Hill area.