Cris Burnam Acquires Chelsea Warehouse For $95.2M

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.