Jason Blacksberg
Acadia Realty Trust
Owner
411 Theodore Fremd Ave, Suite 300 Rye, NY 10580
Acadia Realty Trust portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$356.1 million – condo 76%, D4 9%; Brooklyn 59%, Manhattan 32%
172th largest portfolio by dollar value
974,563 sqft – condo 72%, retail 11%;
340th largest by SF
31 properties – Manhattan 67%, Brooklyn 25%
126th largest
172 residential units – Manhattan 98%, Brooklyn 1%
626th largest by residential units
0 foreclosures, 1 bankruptcy, 3 other court cases.
Person Activity past 24 months:
Buyer signatory: 8 for $165.8 million
Seller signatory: 1 for $48.2 million
Borrower signatory: 1 for $33 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Brookfield Properties (4), MARK Capital Management (1), Waterbridge Capital (1), Bank of America (1), Bridge Investment Group (1), Acadia Realty Trust (1), ZG Capital Partners (1), TD Bank (1), Continental Ventures (1), Vallario family (1)
Top Ten Associated People:
Jake Nathan (4), David Israel (1), Joel Schreiber (1), Gregory Egli (1), James Chung (1), Jason Blacksberg (1), Babak Bobby Zar (1), Jane Gol (1), Joseph P. Vallario (1)
Recent activity as signatory:
• MARK Capital Management sold 109 North 6th Street, Williamsburg, Brooklyn for $18.9 million to Acadia Realty Trust on November 05, 2024.
• Vallario familyand Ciuffo family sold 141 Berry Street, Williamsburg, Brooklyn for $35 million to Acadia Realty Trust on October 23, 2024.
• Continental Ventures sold 92 Greene Street, 92 Greene Street, and 109 Mercer Street, SoHo, Manhattan for $43.4 million to Acadia Realty Trust on October 22, 2024.
• Brookfield Properties sold 367-369 Bleecker Street, West Village, Manhattan for $4.8 million to Acadia Realty Trust on September 24, 2024.
• Brookfield Properties sold 387 Bleecker Street, West Village, Manhattan for $1.6 million to Acadia Realty Trust on September 24, 2024.
• Brookfield Properties sold 382 Bleecker Street, 92 Perry Street, 382 Bleecker Street, and 382 Bleecker Street, West Village, Manhattan for $5.7 million to Acadia Realty Trust on September 24, 2024.
• Brookfield Properties sold 350 Bleecker Street, West Village, Manhattan for $8.1 million to Acadia Realty Trust on September 24, 2024.
• Acadia Realty Trust sold 53-01 74th Street and 74-17 Grand Avenue, Elmhurst, Queens for $48.2 million to Acadia Realty Trust on May 23, 2024.
• Acadia Realty Trust borrowed $33 million from Bridge Investment Group for 640 Broadway and 640 Broadway, NoHo, Manhattan on September 21, 2023.
• Acadia Realty Trust borrowed $198 million from Bank of America for 445 Gold Street, 445 Gold Street, 138 Willoughby Street, 1 Dekalb Avenue, 1 Dekalb Avenue, and others, Downtown Brooklyn, Brooklyn on August 12, 2022.
Latest Stories:
• Acadia Realty Trust pays $18.9M to MARK Capital Mgmt. for Williamsburg retail November 06, 2024
• Acadia pays $35M for retail in Williamsburg near ESRT holdings October 24, 2024
• Acadia Realty pays $43.4M to Continental Ventures for SoHo retail, bought for $4M October 23, 2024
• Waterbridge signs $64.1M refi with Acadia for five properties in Williamsburg March 29, 2022
• Bobby Zar’s ZG Capital pays $10M to Acadia for Noho loft building June 14, 2021