Cris Burnam Acquires $63.5M Warehouse In Chelsea From Jon Dario

The property asset involved in the transaction is located at 531 West 21 Street, Chelsea, Manhattan. The total price for the sale was $63,500,000. It comprises warehouses with a gross square footage of 91,591 and a building square footage of 61,305. The price per square foot is $693 and the price per building square foot is $1,036. The lot size is 12,261 square feet with dimensions of 125 ft x 98.75 ft. The zoning classification for this property is M1-5, WCH, with a floor area ratio (FAR) of 7.47, and it falls under tax class 4.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $63,500,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Building Square Feet: 61,305
• Price per Building Square Foot: $1,036
• Gross Square Feet: 91,591
• Price per Square Foot: $693
• Lot Size: 12,261
• Last Sale Price: $28,800,000
• Last Sale Date: 5/18/2005
• Lot Dimensions: 125 ft x 98.75 ft
• Zoning: M1-5, WCH
• FAR: 7.47
• Tax Class: 4

Cris Burnam acted as the buyer in this transaction while Jon Dario served as the seller. This sale was recorded on 12/16/2021, marking a significant transition for the property, which had previously been sold on 5/18/2005 for $28,800,000.