Scher Family Acquires Development Site From Phil Capeci In Port Chester For $900,000
SOLD
$900,000
New York
See Similar DealsDevelopment Site8,055 SF
Sold 02/19/2025
SOLD
Scher Family Acquires Development Site From Phil Capeci In Port Chester For $900,000
74 Grace Church Street
See Similar DealsDevelopment Site8,055 SF
Sold 02/19/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$111
Total Square Footage:8,055 SF
Transaction Type:Sale
A development site located at 74 Grace Church Street in Port Chester has been sold. The sale price for the asset was $900,000, which translates to approximately $111 per square foot for a total area of 8,055 square feet.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $900,000
- Address: 74 Grace Church Street
- Market: Port Chester
- Square Footage: 8,055
- Price per Square Foot: $111
- Buyer: Scher Family
- Seller: Phil Capeci
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
The transaction involved the Scher Family as the buyers and Phil Capeci as the sellers, with Matthew Barbaccia from Brix Real Estate Advisors representing the broker in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51
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