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Mixed-Use Building with Event Space
For Sale
$719,000

140 Terrace Avenue, Portchester, NY 10573

Residential Income, Port Chester, NY

Property SizeContact for details
Lot Size0.04 Acres
Days on Market121

Property Features for 140 Terrace Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Basement, Bedroom 3, Bedroom 1
Interior features Entrance Foyer
Basement Full, Finished, Walk-Out Access
Elementary school Thomas A Edison School
Middle school Port Chester Middle School
High school Port Chester Senior High School
Elementary school district Port Chester-Rye
Middle school district Port Chester-Rye
High school district Port Chester-Rye
Standard status Active
APN 4801-136-000-00063-002-0067-0000000
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 18820

Utilities

Utilities Phone Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Window Unit(s), Central Air, Wall/Window Unit(s)
Water source Public

Building Details

Year built 1900
Number of units 3
Building materials Shingle Siding, Stucco
Architectural style Colonial
Listing Agency: E Realty International Corp
Listed By: Cosmo Iadanza
Added: May 18 Changed: Sep 13 Last Checked: Sep 15 at 11:06AM
MLS# 1001580

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.

Investment Insights

Based on property information with market context.

This mixed-use property combines two occupied residential units with a ground-floor commercial area currently used as a rentable venue for private parties, meetings, and small events. The commercial component offers an open layout, kitchen, and half bath, with potential for other uses subject to approvals. Building features include Colonial architecture, shingle siding and stucco, natural-gas heating, and a combination of central and wall/window-unit cooling.

The property is located in Port Chester, approximately five minutes from Greenwich, CT. It occupies a 0.0442-acre lot and was built in 1900. Public water and sewer serve the property, and phone service is available.

Key Highlights

  • Two fully occupied residential units
  • Ground‑floor commercial space with open floor plan, kitchen, and half bath
  • Currently operated as a rentable venue for private parties, meetings, and small events

Property Analytics

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Current Use

Perfect Party Event Planning

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Florist Pet Store Pet Store & Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,471
Businesses Nearby

Demographics for 10573, NY

41,758
Population
14,592
Households
2.9
Avg Household Size
39
Median Age
44%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
7,592
Density / Sq Mi
$110,612
Median Household Income
$48,263
Median Earnings
$1,940
Median Rent
$649,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two occupied residences accompany a flexible ground-floor commercial area with kitchen and half bath.
Where is this mixed-use property located?
The property is located at 140 Terrace Avenue Portchester, NY.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two fully occupied residential units; Ground‑floor commercial space with open floor plan, kitchen, and half bath; Currently operated as a rentable venue for private parties, meetings, and small events
More about this property
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