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140 Terrace Avenue

Port Chester, NY 10573
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$799,000 $3,368/Mo
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Bed 6

Bed

Bath 3

Bath

Acres0.04

Acre(Lot)

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 littl e 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $799,000

AD Id : 78886098

MLS Id : 1001580

Beds : 6

Lot Size : 0.04 Acre

Year Built : 1900

County : Westchester

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Basement: Finished, Full, Walk-Out Access

  • Interior Features

    Entrance Foyer Laundry Features: Common Area

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Central Air, Wall/Window Unit(s)

  • Building Information

    Year Built: 1900 Building Area Total: 3744 Construction Materials: Shingle Siding, Stucco Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0442 Lot Size Square Feet: 1924

  • Listing Price Information

    Listing Price: $799000 Original Price: $839000

  • Tax Information

    Parcel Number: 4801-136-000-00063-002-0067-0000000 Annual Tax: $18819.82

  • Parking Information

    No Garage, None

  • School Information

    Elementary School: Thomas A Edison School
    Junior High School: Port Chester Middle School
    Senior High School: Port Chester Senior High School

  • Utility Information

    Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
27 Soundview Street, Port Chester, NY, 10573 $999,000 8 3 --
322 Olivia Street, Port Chester, NY, 10573 $759,000 3 2 --
33 Grant Street, Port Chester, NY, 10573 $998,500 5 2 --
174 Fairview Avenue, Port Chester, NY, 10573 $899,000 5 3 --
556 Westchester Avenue, Port Chester, NY, 10573 $899,000 4 3 --
45 S Ridge Street, Port Chester, NY, 10573 $1,075,000 6 2 --

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/17/2026 @ 21:41

MLS: 1001580 LISTED BY: Cosmo Iadanza, E Realty International Corp 718-886-8110 SOURCE: OneKey MLS

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