About This Home

This 6-bedroom, 3-bathroom multi-family at 140 Terrace Avenue in Port Chester, NY is listed for $725,000. Built in 1900, on a 0.04 acres lot.

Key Features

  • Built in 1900
  • 0.04 acre lot

Property Details

3 full
1900

Amenities

A/C
Listing Description

Owner is Motivated and has Authorized a Huge Price Reduction. Prime Mixed-Use Investment Opportunity in the Heart of Port Chester This well-located mixed-use building only 5 minutes away from Greenwich, CT. 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 promo

tion or exterior signage, a new owner could significantly increase visibility, bookings, and overall return on investment. A Simple Sign can be placed outside with a Phone number and type of Bookings available. In addition the room can be set up in a festive mood and encourage possible clients 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 space, wellness space etc. subject to approvals. 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.

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

140 Terrace Avenue

Port Chester, NY 10573

Features & Amenities

Interior Features

Entrance Foyer

Property Details

Construction

Shingle Siding Stucco

Heating

Natural Gas

Cooling

Window Unit(s)Wall/Window Unit(s)Central Air

Questions & Answers

This 6-bedroom, 3-bathroom multi-family at 140 Terrace Avenue is listed at $725,000. The estimated monthly payment is $3,877 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.04 acre lot. Interior Features: Entrance Foyer.

This property is listed by Cosmo Iadanza.

CI

Cosmo Iadanza

Agent at E REALTY INTERNATIONAL CORP.

Listed by E REALTY INTERNATIONAL CORP. · Broker phone: (718) 886-8110 · View on Broker Site

MLS# 1001580· Source: OneKey MLS· 162 days on PropertySimple

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.

140 Terrace Avenue, Port Chester, NY 10573

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