Scher Family Acquires Development Site From Phil Capeci In Port Chester For $900,000

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.