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317 2nd Avenue

Updated Jan 5, 2026

Bilt advertisement
Osaka Biso Co Purchases Multifamily Property In Gramercy From Seiichi Saito For $20.4M
SOLDMultiFamily

Osaka Biso Co Purchases Multifamily Property In Gramercy From Seiichi Saito For $20.4M

317 2nd Avenue & 319 2nd Avenue

$20,400,000

$775/SF

Building Size

13,152 SF

Asset Type

MultiFamily

Closing

Dec 22, 2025

About this deal

AI

The multifamily asset located at 317 2nd Avenue and 319 2nd Avenue in Gramercy, Manhattan, was sold for $20,400,000. The total built square footage (BSF) is 25,613, which equates to a price per built square foot (PPBSF) of $796. The property encompasses a total square footage (SF) of 13,152, resulting in a price per square foot (PPSF) of $1,551.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,400,000
  • Buyer: Osaka Biso Co
  • Seller: Seiichi Saito - Sun Frontier Fudousan Co
  • BSF: 25,613
  • PPBSF: $796
  • SF: 13,152
  • PPSF: $1,551

Osaka Biso Co., through Osaka Biso Co., Ltd, acquired the 18-unit residential walkup at the specified addresses from Sun Frontier Fudousan Co. This transaction reflects a strategic investment in the Manhattan multifamily market.

Players

Sun Frontier Fudousan Co
Sun Frontier Fudousan CoSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $775 per square foot on a published $20.4M for 26,304 square feet (2025).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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