Cris Burnam Acquires Mixed Use Property In Two Bridges, Manhattan For $254M

The property asset involved in this transaction is located at 203 & 220 South Street in the Two Bridges market of Manhattan. It is classified as a mixed-use asset with a total price of $254,000,000. The building encompasses a gross square footage of 274,752, translating to a price per square foot of $924. The site has a total building square footage of 686,800, and it operates under M1-6 zoning, with a floor area ratio (FAR) of 4.05. The lot measures 67,870 square feet, with dimensions of 427.33 ft by 146.17 ft, and it holds a tax classification of 4. The last recorded sale price for this property was $0 on October 7, 2001.

Summary of transaction details:

• Property Type: Mixed Use
• Transaction Amount: $254,000,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Building Square Feet: 686,800
• Price Per Building Square Foot: $370
• Square Feet: 274,752
• Price Per Square Foot: $924
• Floor Area Ratio: 4.05
• Tax Class: 4
• Lot Size: 67,870
• Last Sale Price: $0 (10/07/2001)
• Lot Dimension: 427.33 ft x 146.17 ft

Cris Burnam is the buyer of the property, while Jon Dario serves as the seller in this transaction. Both parties were involved in the completion of the sale on December 16, 2021, confirming a significant deal in the Manhattan real estate market.