Cris Burnam Acquires Warehouse In Chelsea, Manhattan For $132.1M

The property involved in the transaction is a warehouse located at 524 West 23rd Street in the Chelsea neighborhood of Manhattan. The property is zoned as C6-3A, WCH and has a total building square footage (BSF) of 107,671. The price for this transaction was $132,100,000, with a price per BSF (PPBSF) of $1,227. The total lot size is 14,318 square feet, and the lot dimensions are 145 ft x 98.75 ft. The previous sale of the property occurred on September 20, 2007, for $30,500,000.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $132,100,000
• Market: Chelsea, Manhattan
• Zoning: C6-3A, WCH
• BSF: 107,671
• PPBSF: $1,227
• Total Square Footage: 141,934
• Price per Square Foot (PPSF): $931
• FAR: 9.91
• Tax Class: 4
• Lot Size: 14,318
• Last Sale Price: $30,500,000 (9/20/2007)
• Lot Dimension: 145 ft x 98.75 ft

The buyer in this transaction is Cris Burnam, while the seller is Jon Dario.