SOLDRetail
Victor Mejia And Alex Vithoulkas Acquire Millinery Center Synagogue For $3.1 Million In Garment District
1025 6th Avenue
$3,100,000
Building Size
—
Asset Type
Retail
Closing
Apr 14, 2025
About this deal
AI
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.
On the Map
$3,100,000
Retail
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Players
LB
Liberty BagelsBuyer
LB
Liberty BagelsBuyer
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93