Cris Burnam Acquires Warehouse In Inwood, Manhattan For $234M

The property asset involved in this transaction is a warehouse located at 5020 Broadway in the Inwood neighborhood of Manhattan. The sale was finalized on December 16, 2021, for a price of $234,000,000. The building covers a total square footage of 377,493, with a building square footage of 346,638, translating to a price per building square foot of $675 and a price per square foot of $620. The zoning for this asset is C6-2A, and it has a floor area ratio (FAR) of 6.56. The lot size measures 57,581 square feet, with lot dimensions of 224.5 feet by 339.29 feet. The tax classification for this property is 4. The last sale price recorded was $0 on October 18, 2006.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $234,000,000
• Address: 5020 Broadway
• Market: Inwood, Manhattan
• Building Square Footage: 346,638
• Price Per Building Square Foot: $675
• Total Square Footage: 377,493
• Price Per Square Foot: $620
• Floor Area Ratio: 6.56
• Tax Class: 4
• Lot Size: 57,581
• Last Sale Price: $0 (10/18/2006)
• Lot Dimension: 224.5 ft x 339.29 ft

The key individuals involved in this transaction are buyer Cris Burnam and seller Jon Dario. Each party played a crucial role in completing the sale, facilitating the agreement for the warehouse property in Inwood.