Cris Burnam Acquires Warehouse In Clinton - Hell's Kitchen, Manhattan For $227.1M

The property involved in this transaction is a warehouse located at 633 West 44th Street in the Clinton - Hell's Kitchen market of Manhattan. The asset was sold for a total transaction amount of $227,100,000 and encompasses a building square footage of 211,175. The property features a building size of 170,125 with a price per building square foot of $1,335, and a price per square foot of $1,075. The zoning designation is M2-4, CL, and the lot size is 34,025, with dimensions of 191 ft x 201 ft. The property was last sold on February 27, 1998, for a sale price of $0. The Floor Area Ratio (FAR) is 6.21, and the tax class assigned to the asset is 4.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $227,100,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Building Square Footage: 211,175
• Building Size: 170,125
• Price per Building Square Foot: $1,335
• Price per Square Foot: $1,075
• Lot Size: 34,025
• Lot Dimensions: 191 ft x 201 ft
• Floor Area Ratio (FAR): 6.21
• Tax Class: 4

The key individuals involved in this transaction are Cris Burnam, acting as the buyer, and Jon Dario, representing the seller. This sale marks a significant transfer of a large warehouse asset in the Manhattan area, indicating active market engagement within the commercial real estate sector.