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

524 West 23rd Street
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This Industrial property located in NY was sold for $132,100,000 over 2 years ago.

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.

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Deals
  • Location
    524 West 23rd Street, New York City, New York 10011, United States524 West 23rd Street, New York City, New York 10011, United States
  • Sale Price
    $132,100,000$132,100,000
    $930 PPSF$930 PPSF
  • Area
    141,934 SF141,934 SF
  • Asset Type
    IndustrialIndustrial

Deal Summary

SALE DATE: 12/16/2021 ADDRESS: 524 West 23rd Street MARKET: Chelsea, Manhattan ASSET TYPE: Warehouses ~ ZONING: C6-3A, WCH BUYER: Cris Burnam SELLER: Jon Dario PRICE: $132,100,000 BSF: 107,671 ~ PPBSF: $1,227 SF: 141,934 ~ 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

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