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385 Bleecker Street

Updated Sep 22, 2026

SOLDMixed-use

Ken James Acquires 385 Bleecker Street Mixed-Use Property From Amber E. Valletta Trust For $9,999,990

385 Bleecker Street

$9,999,990

$3,882/SF

Building Size

2,576 SF

Asset Type

Mixed-use

Closing

Aug 20, 2026

About this deal

AI

The property asset involved in this transaction is a mixed-use building located at 385 Bleecker Street in the West Village, Manhattan. It was sold for a price of $9,999,990, encompassing a total area of 2,576 square feet, which equates to approximately $3,881 per square foot. This property had not been on the market for over thirty years, highlighting its rare availability in a highly sought-after neighborhood.

Summary of transaction details:

The transaction was conducted off-market with a high level of discretion, coordinated by Pierre Cadourcy from the Michael Lorber Team, along with co-brokers Hillel Horovitz, Alexander Boriskin, and Michael Lorber. The team utilized their extensive market knowledge and relationships to facilitate this unique deal, benefiting both the buyer and seller without a public listing.

On the Map

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$9,999,990

$3,882/SF

Mixed-use

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Players

Michael Lorber

Douglas Elliman

Broker

$298.1M

vol

48 deals

Broker

Ken James

Buyer

$10M

vol

1 deal

Buyer

Amber E. Valleta

Greystone Capital & Black Bear Asset Management

Seller

$10M

vol

1 deal

Seller
Bilt advertisement

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $3.9K per square foot on a published $10M for 2,576 square feet (2026).

Visit Pierre Cadourcy to view all their deals.

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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