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Howie Ravikoff Purchases Industrial Property At 40 Merritt Street Port Chester For $4,000,000

Property Image
SOLD
$4,000,000

New York

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Industrial20,094 SF
Sold 02/13/2026
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Property Image
SOLD

Howie Ravikoff Purchases Industrial Property At 40 Merritt Street Port Chester For $4,000,000

40 Merritt Street

See Similar Deals
Industrial20,094 SF
Sold 02/13/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$199
Total Square Footage:20,094 SF
Transaction Type:Sale

A two-story industrial property, situated at 40 Merritt Street in Port Chester, NY, has been sold for $4,000,000. The total size of the asset is 20,094 square feet, translating to a price per square foot of approximately $199.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Buyer: Howie Ravikoff
  • Seller: Matthew Shivley
  • Buyer’s Representative: Mike Rackenberg - Houlihan Lawrence Commercial
  • Seller’s Representative: Robert Lella - Colliers International

The transaction involves RPM LLC as the buyer represented by Mike Rackenberg, while Whatcha Making LLC is the seller represented by Robert Lella. This successful deal showcases the collaboration between the brokers involved in facilitating this industrial property transaction in a competitive market.

Players

Michael Rackenberg
Houlihan Lawrence Commercial
Michael Rackenberg
2 deals$7.6M volume(973) 609-2105
BROKER

Details

SOLD
IMAGE: Michael Rackenberg DATE: 2/13/2026 ADDRESS: 40 Merritt Street MARKET: Port Chester ASSET TYPE: Industrial BUYER: Howie Ravikoff SELLER: Matthew Shivley BUYER'S REP: Mike Rackenberg (@MikeRackenberg) - Houlihan Lawrence Commercial (@HLCommercial) SALE PRICE: $4,000,000 SF: 20,094 ~ PPSF: $199 NOTE FROM BROKER: A 20,094 square-foot, two-story commercial property located at 40 Merritt Street in Port Chester, NY has been sold for $4,000,000. The buyer, RPM LLC, was represented by Mike Rackenberg. The seller, Whatcha Making LLC, was represented by Robert Lella of Colliers International.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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