Trevi Retail has closed on its 19th Manhattan property since diving into the New York City real estate game in 2011. The property is a retail condominium at 101 West 87th Street on the corner of Columbus Avenue in the Upper West Side.
The 7,100-square-foot commercial condo includes six retail spaces, three of which are vacant. The property is part of Bazbaz Development’s 101 WEST 87 luxury residential condo project, according to GlobeSt.
“Sonny Bazbaz and his team were a pleasure to work with on this deal. The building is a class-A project, and we are very happy to be part of it and the neighborhood,” Johnny McCarthy, Trevi Retail’s chief investment officer, said in a statement.
Although no price was reported, McCarthy told The Real Deal in June that the company was in contract to buy a property priced from $10 million to $15 million that would hopefully close within the next two months. The ownership handled the deal and no broker was on the transaction. [GlobeSt] –Christopher Cameron