NEW YORK—Trevi Retail L.L.C. has acquired 650 Sixth Avenue, a 27,000-sq.-ft. retail condominium in the Chelsea neighborhood. Prince Realty Advisors L.L.C. brokered the off-market transaction on behalf of Trevi Retail. The seller, Sixth and 20 Owner LLC, represented itself in the transaction.
The value of the all-cash transaction was not disclosed.
Located along Chelsea’s main retail corridor, tenants at 650 Sixth Avenue include Men’s Warehouse and Fed Ex Office. Trevi’s space is located on the ground floor of 650 Sixth Avenue, which contains 67 condos.