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A publicly traded retail landlord has spent the past two years quietly picking off storefronts along one prime stretch of Bleecker Street, and it just added another one to the pile. This time the deal came with more than a shop attached, including three floors of living space upstairs and a seller who’d held the deed for more than three decades.
Acadia Realty Trust picked up 385 Bleecker Street, which also carries the address 87 Perry Street, for just under $10 million in an off-market deal, according to public records reviewed by The Real Deal. The seller was supermodel and actress Amber Valletta.
The purchase comes with a tenant already in place. The ground-floor retail unit houses Ana Luisa, the Brooklyn-based jewelry brand known for its permanent welded pieces, which opened the space as its West Village flagship in 2025. It was the label’s second Manhattan store after SoHo.
Before that, the storefront belonged to SJP by Sarah Jessica Parker. The actress opened her shoe label’s flagship there in early 2023 after moving downtown from Midtown, WWD reported at the time, choosing the spot partly for its proximity to the Perry Street stoop her “Sex and the City” character made famous. The brand folded after 10 years in business, and the store closed on Aug. 25, 2024.
For Acadia, the purchase fills in a gap on a block where it already owns plenty. The firm holds 387 Bleecker next door and 382-384 Bleecker across the way, part of a four-building Bleecker Street retail portfolio it bought from Brookfield Properties in September 2024 for roughly $20.25 million, Commercial Observer reported. That package also included space at 350 Bleecker and 367-369 Bleecker.
The townhouse above the shop is a two-bedroom spread across three floors, with two bathrooms, an open kitchen and a wood-burning fireplace in the primary bedroom.
Valletta, who became a fixture on Vogue covers and high-end runways in the 1990s, bought the property in 1994 with her then-husband, French model Herve le Bihan. The couple divorced two years later, and she took sole ownership in 1998. She hasn’t lived there in years. The house was on the rental market by 2024 at $16,000 a month, and she listed it again in June asking $21,000. She pulled that listing in August, shortly after signing a contract to sell.
Acadia has been busy well beyond the Village. It bought roughly $280 million worth of New York property between the fall of 2024 and the fall of 2025, including seven retail buildings in Williamsburg, while trimming elsewhere. It sold a mixed-use building at 640 Broadway for nearly $50 million in September 2025 and a retail and office condo at 1035 Third Avenue for $22 million that October.
