Acadia Realty Trust Acquires Retail Co-op In West Village For $10 Million
371 Bleecker Street
$10,000,000
$5,000/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jul 29, 2026
About this deal
AI
The asset involved in this transaction is a retail co-op located at 371-373 Bleecker Street in the West Village. The sale price was $10,000,000, and the property encompasses 1,854 square feet, resulting in a price per square foot (PPSF) of $5,394.
Summary of transaction details:
- Property Type: Retail Co-op
- Transaction Amount: $10,000,000
- Address: 371-373 Bleecker Street
- Market: West Village
- Square Footage: 1,854
- Price per Square Foot: $5,394
- Buyer: Acadia Realty Trust
- Seller: Status Capital
- Brokers: Ethan Stanton, Brendan Maddigan, Michael Mazzara & Hall Oster - JLL
The deal was facilitated by Ethan Stanton, Brendan Maddigan, Michael Mazzara, and Hall Oster, who represented the involved parties in the transaction. Their firm is JLL, which played a pivotal role in executing this sale between Acadia Realty Trust and Status Capital.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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