Cris Burnam Acquires Warehouse In Clinton - Hell's Kitchen, Manhattan For $149.3M

The property asset involved in the transaction is a warehouse located at 543 West 43rd Street in the Clinton - Hell's Kitchen market of Manhattan. It was sold for a price of $149,300,000, covering an area of 156,856 square feet, with a base square foot price of $964. The site is zoned R9, CL, and has a building size of 154,807 square feet, resulting in a price per square foot of $952. The lot size measures 20,586 square feet, with dimensions of 125 ft x 200.83 ft, and a floor area ratio (FAR) of 7.62. The property is classified under tax class 4 and had a last sale price of $0 recorded on April 2, 2021.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $149,300,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Building Size: 154,807
• Square Footage: 156,856
• Base Square Foot Price: $964
• Price per Square Foot: $952
• Lot Size: 20,586
• Lot Dimensions: 125 ft x 200.83 ft
• Floor Area Ratio: 7.62
• Tax Class: 4
• Last Sale Price: $0 (04/02/2021)

The deal was facilitated by Cris Burnam as the buyer and Jon Dario as the seller. The transaction reflects a significant investment in the warehouse market within Manhattan, highlighting the dynamic activity in the Clinton - Hell's Kitchen area.