Sun Frontier Fudousan Co Buys 19-Unit Multifamily At 317-319 2nd Ave From Terrence Lowenberg

The property at 317-319 2nd Avenue is a multifamily asset in the Gramercy Park market that sold for $13,500,000. It comprises 19 units and 16,488 SF of gross area, located in the Gramercy Park market.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $13,500,000
• Address: 317-319 2nd Avenue
• Market: Gramercy Park
• Units: 19
• PPU: $710,526
• SF: 16,488
• PPSF: $818
• Buyer: Sun Frontier Fudousan Co
• Seller: Terrence Lowenberg
• Logan Markley - Marcus & Millichap
• Joseph Koicim - Marcus & Millichap
• Sale Date: 7/16/2025

Key parties involved include buyer Sun Frontier Fudousan Co, seller Terrence Lowenberg, and the brokerage team from Marcus & Millichap, Logan Markley and Joseph Koicim, who facilitated the transaction.