Ralph Doyle Acquires Mixed-Use Asset At 78-80 Grace Church Street For $2.7M With Buyer's Rep Michael Rackenberg
80 Grace Church Street
$2,700,000
$173/SF
Building Size
15,569 SF
Asset Type
Mixed-use
Closing
Jun 23, 2026
AI
A mixed-use property located at 78-80 Grace Church Street in Port Chester has been sold for $2,700,000. The asset encompasses a total of 15,569 square feet, resulting in a price per square foot of $173.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,700,000
- Address: 78-80 Grace Church Street
- Market: Port Chester
- Square Footage: 15,569
- Price Per Square Foot: $173
- Buyer: Ralph Doyle
- Seller: Vincent Piazza
- Buyer's Representative: Michael Rackenberg - Houlihan Lawrence Commercial
- Seller's Representatives: Michael Scrima, Thomas Gorman Jr., & Sean Campbell - Houlihan Lawrence Commercial
This transaction involved key representatives from Houlihan Lawrence Commercial, with Michael Rackenberg representing the buyer while the seller was represented by Michael Scrima, Thomas Gorman Jr., and Sean Campbell.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93