Sun Frontier Fudousan Co Acquires Multifamily Asset In Gramercy For $13.5M From Terrence Lowenberg

A multifamily asset located at 317-319 2nd Avenue in Gramercy, Manhattan has been sold for $13,500,000. The property encompasses 13,152 square feet and consists of 18 residential units, indicating a price per square foot of $1,026.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,500,000
• Address: 317-319 2nd Avenue
• Market: Gramercy, Manhattan
• Square Footage: 13,152
• Price Per Square Foot: $1,026
• Buyer: Sun Frontier Fudousan Co
• Seller: Terrence Lowenberg - Icon Realty Management

Sun Frontier Fudousan Co. is set to utilize the property for cash flow purposes following the acquisition from Icon Realty Management, represented by Terrence Lowenberg.