Updated Sep 24, 2026
Sun Frontier Fudousan Co Buys 19-Unit Multifamily At 317-319 2nd Ave From Terrence Lowenberg
317 319 2nd Avenue
$13,500,000
$818/SF
Building Size
16,488 SF
Asset Type
MultiFamily
Closing
Jul 15, 2025
About this deal
AI
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.
On the Map
$13,500,000
$818/SF
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93