# 140 Terrace Avenue, Port Chester, NY 10573

> **TL;DR:** residential multi family, $839,000, built 1900.
> A/C. Est. $3,636/mo. Listed 14 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $839,000 |
| Year Built | 1900 |
| Lot Size | 1,925 sqft (0.04 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 14 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,636 |
| **Total** | **$3,636** |

## Nearby Schools

- **Elementary:** Thomas A Edison School
- **Middle:** Port Chester Middle School
- **High:** Port Chester Senior High School

## Key Amenities

- A/C

## Property Highlights

- Built in 1900
- 0.04 acre lot

## Description

### Agent Description
Prime Mixed-Use Investment Opportunity in the Heart of Port Chester This well-located mixed-use building features two fully occupied residential units generating strong, consistent rental income, with current rents below market value-providing immediate upside potential through future increases. The property also includes a highly versatile ground-floor commercial space offering additional revenue. Formerly a vibrant Italian social club venue, the space is currently operated as a rentable venue for private parties, meetings, and small events. It produces steady supplemental income and represents a valuable built-in revenue stream for investors or owner-users. Notably, most of the bookings have been generated through word-of-mouth alone, with little to no formal advertising. This creates a clear opportunity for growth-by implementing simple marketing strategies such as social media promotion or exterior signage, a new owner could significantly increase visibility, bookings, and overall return on investment. The commercial space features a large open floor plan, kitchen, and half bath-ideal for events or easily adaptable for a wide range of uses, including professional office, medical or wellness space, service-based businesses, catering operations, or personal services. Additionally, there is potential to convert the space to residential use (subject to approvals), offering even greater flexibility and long-term value. With below-market residential rents, an income-producing commercial component, and multiple value-add opportunities through repositioning and marketing, this property presents substantial upside and a compelling investment opportunity.

## Location

- **Address:** 140 Terrace Avenue, Port Chester, NY 10573
- **County:** Westchester County

## Listing Agent

- **Name:** Cosmo Iadanza
- **Brokerage:** E Realty International Corp
- **Phone:** 9173455504
- **Email:** getcosmo888@gmail.com

## Primary Photo

![140 Terrace Avenue - Primary Photo](http://lh.rdcpix.com/b3705e0c2ca62e6d318a7a0de3b5f544l-f4156321273r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/140-terrace-avenue-port-chester-ny-10573-1001592)*

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**MLS#:** 1001592 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/140-terrace-avenue-port-chester-ny-10573-1001592)

---

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