Kenneth Bernstein Of Acadia Realty Trust Acquires Mixed-use Property In West Village For $9.99M
385 Bleecker Street
$9,999,990
$3,882/SF
Building Size
2,576 SF
Asset Type
Mixed-use
Closing
Aug 19, 2026
About this deal
AI
A mixed-use property located at 385 Bleecker Street in the West Village, Manhattan, has been sold for $9,999,990. The property encompasses a total square footage of 2,576 and reflects a price per square foot of $3,882.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $9,999,990
- Address: 385 Bleecker Street
- Market: West Village, Manhattan
- Square Footage: 2,576
- Price per Square Foot: $3,882
- Buyer: Kenneth Bernstein - Acadia Realty Trust
- Seller: Amber E. Valleta Trust - Amber Valleta as trustee
The acquisition involved Kenneth Bernstein representing Acadia Realty Trust in the purchase of the property from the Amber E. Valleta Trust, where Amber Valleta acted as the trustee overseeing the sale.
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