Cris Burnam Acquires Warehouse In Lenox Hill, Manhattan For $326.9M

A warehouse property located at 420 East 62nd Street in Lenox Hill, Manhattan, has been sold in a transaction that closed on December 16, 2021. The property, which is zoned as C8-4, spans a total of 177,920 square feet. The buyer, Cris Burnam, acquired the property from the seller, Jon Dario, for a price of $326,900,000. The price per square foot (PPSF) for the property is approximately $1,837. The building has a total buildable square footage (BSF) of 127,875, with a price per buildable square foot (PPBSF) of $2,556. The lot size is 25,575 square feet, with dimensions of 250 feet by 100.42 feet.

Summary of transaction details:

• Property Type: Warehouses
• Transaction Amount: $326,900,000
• Buyer: Cris Burnam
• Seller: Jon Dario
• Market: Lenox Hill, Manhattan
• Zoning: C8-4
• Price per Square Foot (PPSF): $1,837
• Buildable Square Footage (BSF): 127,875
• Price per Buildable Square Foot (PPBSF): $2,556
• Lot Size: 25,575 square feet
• Last Sale Price: $0 (2/27/1998)
• Lot Dimensions: 250 ft x 100.42 ft

Note: The property's tax class is 4, and the floor area ratio (FAR) is 6.96.

In this transaction, Cris Burnam represented themselves without the assistance of any agency. Jon Dario acted as their own representative.