140 Terrace Avenue, Port Chester, NY 10573
Local realty services provided by:ERA Caputo Realty
140 Terrace Avenue,Port Chester, NY 10573
$719,000
- 6 Beds
- 3 Baths
- 2,476 sq. ft.
- Multi-family
- Active
Listed by: cosmo iadanza
Office: e realty international corp
MLS#:1001580
Source:OneKey MLS
Price summary
- Price:$719,000
- Price per sq. ft.:$290.39
About this home
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 promotion 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....
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Home facts
- Year built:1900
- Listing ID #:1001580
- Added:142 day(s) ago
- Updated:October 08, 2026 at 11:26 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Basement:Yes
- Basement Description:Finished, Full, Walk-Out Access
- Living area:2,476 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:2,476 sq. ft.
- Lot area:0.04 Acres
- Architectural Style:Colonial
- Construction Materials:Shingle Siding, Stucco
Schools
- High school:Port Chester Senior High School
- Middle school:Port Chester Middle School
- Elementary school:Thomas A Edison School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$719,000
- Price per sq. ft.:$290.39
- Tax amount:$18,820 (2024)
Features and amenities
- Laundry features:Common Area
- Amenities:Entrance Foyer
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