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The New York Observer

Columbia Closes on Warehouse in Expansion Footprint for $14.8 M.

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October 6, 2008 | 1:01 p.m

Columbia has paid $14.8 million for a warehouse in the footprint of its planned West Harlem expansion, closing on a deal from 2007 with the owners of Despatch Moving & Storage, according to property records. The sale price equates to about $235 per square foot, based on figures from the real estate tracking service PropertyShark, which puts the size of the building at 62,200 square feet.

The 10-story warehouse at 3247 Broadway was owned by Peter Zuhusky, brother of the longtime holdout Anne Whitman, who agreed to sell her property to Columbia earlier this year. That leaves two private landowners remaining: Nick Sprayregen, who owns multiple storage buildings, and Gurnam Singh, who owns two gas stations.

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