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Victor Mejia And Alex Vithoulkas Acquire Millinery Center Synagogue For $3.1 Million In Garment District
SOLD
$3,100,000
New York
See Similar DealsRetail
Sold 04/14/2025
SOLD
Victor Mejia And Alex Vithoulkas Acquire Millinery Center Synagogue For $3.1 Million In Garment District
1025 6th Avenue
See Similar DealsRetail
Sold 04/14/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
The property involved in the transaction is located at 1025 6th Avenue in the Garment District. It is classified as a retail asset. The sale price is $3,100,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Buyer: Victor Mejia & Alex Vithoulkas
- Seller: Millinery Center Synagogue
- Date of Transaction: 04/14/2025
Victor Mejia and Alex Vithoulkas, owners of Liberty Bagels, are acquiring the property from the Millinery Center Synagogue. They are under contract to complete the purchase.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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