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Cris Burnam Acquires Chelsea Warehouse For $95.2M

Property Image
SOLD
$95,200,000

New York

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Industrial124,385 SF
Sold 12/16/2021
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Property Image
SOLD

Cris Burnam Acquires Chelsea Warehouse For $95.2M

510 West 21st Street, New York City, New York 10011, United States

See Similar Deals
Industrial124,385 SF
Sold 12/16/2021
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$765
Total Square Footage:124,385 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 510 West 21 Street in Chelsea, Manhattan. The transaction took place for a total of $95,200,000, reflecting a price per buildable square foot (PPBSF) of $1,380. This warehouse has a gross square footage (SF) of 124,385, with a building size factor (BSF) of 69,000. The asset falls under M1-5 zoning regulations, and it has a Floor Area Ratio (FAR) of 9.01. The property encompasses a lot size of 13,800 square feet with dimensions of 150 ft x 92 ft, and was previously sold for $19,200,000 on May 18, 2005. The tax classification for this property is 4.

Summary of transaction details:

  • Property Type: Warehouses
  • Transaction Amount: $95,200,000
  • Buyer: Cris Burnam
  • Seller: Jon Dario
  • BSF: 69,000
  • PPBSF: $1,380
  • SF: 124,385
  • PPSF: $765
  • FAR: 9.01
  • Tax Class: 4
  • Lot Size: 13,800
  • Last Sale Price: $19,200,000
  • Last Sale Date: 5/18/2005
  • Lot Dimension: 150 ft x 92 ft

The key individuals involved in this transaction are Cris Burnam, acting as the buyer, and Jon Dario, the seller. This deal showcases the exchange between two notable parties in the real estate sector, reflecting significant activity in the Chelsea market.

Players

22 deals$3B volume
BROKER

Cris Burnam
18 deals$3B volume
BUYER

Jon Dario
22 deals$3B volume
SELLER

Details

SOLD
IMAGE: 12/16/2021 ADDRESS: 510 West 21 Street MARKET: Chelsea, Manhattan ASSET TYPE: Warehouses ~ ZONING: M1-5, WCH BUYER: Cris Burnam SELLER: Jon Dario PRICE: $95,200,000 BSF: 69,000 ~ PPBSF: $1,380 SF: 124,385 ~ PPSF: $765 FAR: 9.01 TAX CLASS: 4 LOT SIZE: 13,800 LAST SALE PRICE: $19,200,000 (5/18/2005) LOT DIMENSION: 150 ft x 92 ft

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