Kenneth Bernstein Of Acadia Realty Trust Acquires Mixed-Use Buildings In SoHo For $60M
69 Greene Street & 71 Greene Street
$60,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 9, 2026
About this deal
AI
Acadia Realty Trust has acquired a mixed-use asset located at 69-71 Greene Street in SoHo, Manhattan. The property encompasses two adjacent buildings, with one including a five-unit residential property and a retail store housing Amiri, which spans 5,300 square feet. The transaction was finalized for a total of $60 million.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $60,000,000
- Buyer: Kenneth Bernstein - Acadia Realty Trust
- Seller: JSRE Acquisitions
Kenneth Bernstein represented Acadia Realty Trust in the acquisition of the properties. This transaction involves strategic growth for Acadia Realty Trust, reflecting their investment interests in the SoHo market.
On the Map
$60,000,000
Mixed-use
View full map
Greene Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93