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:
- Property Type: Mixed-use
- Transaction Amount: $9,999,990
- Buyer: Ken James
- Seller: Amber E. Valletta Trust - Amber Valletta as trustee
- Brokers: Pierre Cadourcy, Hillel Horovitz, Alexander Boriskin & Michael Lorber - Douglas Elliman
- Units: 1
- Price per Unit: $9,999,990
- Square Footage: 2,576
- Price per Square Foot: $3,881
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.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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