156-168 Bleecker Street

Property Overview: 156-168 Bleecker Street is a 28,000 sf retail condominium located on Bleecker Street in the heart of Greenwich Village, NYC. The property spans the entire block between Thompson and Sullivan Street, providing Acram Group with the rare opportunity to control a full block of retail in a heavily trafficked and transit-oriented corridor. The property is currently 79% leased to four tenants, including CVS and Le Poisson Rouge.

Investment Overview: Acram Group initially acquired the property for $30.6MM in 2011 and after executing its business plan, sold the property for $57.5M in 2017. The property became distressed during the pandemic and was eventually foreclosed on by its lender. Acram Group purchased the deed from the lender at $21.2M in early 2026 at a 64% discount from where it successfully sold the property over eight years earlier and will lease the balance of the vacancy to stabilize the rent roll.