---
title: "Acadia Buys Mixed-Use Property on SoHo’s Greene Street for $60M"
url: https://burnaze.com/article/a30e02da-5964-42f0-9945-b979e0610b86
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/09/acadia-buys-soho-69-71-greene-street/
author: "Isabelle Durso"
category: "Real estate"
industry: "Business Services"
segment: "Real estate"
published: 2026-09-08T21:17:40.000Z
modified: 2026-10-31T13:19:55.222Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/09/Ken-Bernstein-69-Greene-St-credit-Propertyshark.jpg?quality=80&resize=1200%2C630&strip=
---

# Acadia Buys Mixed-Use Property on SoHo’s Greene Street for $60M

**TL;DR:** Acadia Realty Trust acquired two mixed-use buildings on SoHo's Greene Street for $60 million from JSRE Acquisitions. The properties, located at 69 Greene Street and 71-73 Greene Street, are currently home to a streetwear boutique called Amiri.

*By Isabelle Durso, originally published in Commercial Observer on 2026-09-08. [Read the original](https://commercialobserver.com/2026/09/acadia-buys-soho-69-71-greene-street/).*

## Story

**Acadia Realty Trust** has snapped up a mixed-use property on SoHo’s Greene Street.

The real estate investment trust (REIT) purchased two interconnected buildings at **69 Greene Street** and **71-73 Greene Street** from New York City-based property investment firm **JSRE Acquisitions** for a combined $60 million, according to city records made public Tuesday.

The deal was completed in two separate transactions. Using the entity **69 Greene Owner**, Acadia bought the five-story residential and retail building at 69 Greene Street for $29.4 million, while the REIT used the LLC **71-73 Greene Owner** to acquire the five-story residential and retail property at 71-73 Greene Street for $30.6 million, records show.

Streetwear boutique **Amiri** is currently a retail tenant at the base of the property. The properties last sold for $33 million in 2012.

JSRE, which is affiliated with the billionaire **Safra** family, used similarly named entities in the transactions. **Carlos Bertaco** and **Gina Sutt Malul** signed the deals for JSRE, while **Jason Blacksberg**, executive vice president and chief legal officer at Acadia, signed for the buyer, according to records.

It’s unclear who brokered the new deal. A spokesperson for Acadia did not immediately respond to a request for comment, while a spokesperson for JSRE could not be reached for comment.

The deal represents Acadia’s continued interest in retail properties along Greene Street after buying the **Givenchy**-anchored retail condo at **92** and **94 Greene Street** from **Continental Ventures** for $44 million in October 2024, as Commercial Observer previously reported. Also in SoHo, the REIT bought the **Moschino**-anchored retail condo at **73 Wooster Street** for $25 million in January 2025.

But Acadia seems focused on retail investments in general across New York City. In February, it acquired four storefronts along Madison Avenue on Manhattan’s Upper East Side from **Naftali Group** for a total of $20.7 million. And, over in Williamsburg, Brooklyn, Acadia bought a pair of retail buildings at **70 North Sixth Street** and **93 North Sixth Street** from **Asana Partners** in July 2025 for $50 million. The latter sale added to the REIT’s growing retail portfolio in Williamsburg.

As for JSRE, the company in March purchased a retail property at **713 Madison Avenue** on the Upper East Side from French luxury retail company **Longchamp** for $40 million.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- real estate investment (topic)
- Isabelle Durso (person)
- Acadia Realty Trust (company)
- JSRE Acquisitions (company)
- Safra family (investor)
- mixed-use property (topic)
- 69 Greene Owner (company)
- 71-73 Greene Owner (company)
- Amiri (company)
- Carlos Bertaco (person)

---
Originally reported by Isabelle Durso, Commercial Observer (https://commercialobserver.com/2026/09/acadia-buys-soho-69-71-greene-street/). Summarized by Burnaze (https://burnaze.com/article/a30e02da-5964-42f0-9945-b979e0610b86).