The Real Deal New York

Trevi pays $6.97M for Back Fence building as latest purchase in buying spree

May 18, 2012 05:45PM

Trevi Retail had purchased a four-story, mixed-use building at 155 Bleecker Street in Greenwich Village, Crain’s reported. The 7,200-square-foot building, home to three rental apartments and popular bar The Back Fence, had been on the market for $8.4 million. The seller was Avj Aurora LLC. Trevi has been on a buying spree since it launched seven months ago, purchasing 304 Bleecker Street for $5.8 million and 22 West 13th Street for $4.83 million. “Our focus is buying jewel boxes, buildings with great street-level retail,” Trevi Retail CEO Rockie Gajwani told Crain’s. Gajwani said the company is currently negotiating to acquire four more Manhattan properties worth a total of $46 million. The company was attracted to 155 Bleecker for its “highly foot trafficked corner and a great space,” he said, adding. “We are on the prowl for properties like 155 Bleecker.” [Crain’s]