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

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.