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128 Terrace Avenue

Updated Sep 15, 2026

Jorge Loja Acquires Multifamily Asset From Richard Ramirez In Port Chester For $875,000
SOLDMultiFamily

Jorge Loja Acquires Multifamily Asset From Richard Ramirez In Port Chester For $875,000

128 Terrace Avenue

$875,000

$215/SF

Building Size

4,066 SF

Asset Type

MultiFamily

Closing

Aug 8, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 128 Terrace Avenue in the Port Chester market. The sale took place on August 8, 2026, for a price of $875,000. The building encompasses a total square footage of 4,066, resulting in a price per square foot of $215.

Summary of transaction details:

This transaction features key individuals including the buyer, Jorge Loja, and the seller, Richard Ramirez. The deal was represented for the buyer by Leonardo Gallardo from Tri State Commercial Realty, highlighting the role of the brokerage in facilitating this multifamily property transaction.

On the Map

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$875,000

$215/SF

MultiFamily

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Players

Leonardo Gallardo

Tri State Commercial Realty

Broker
Broker
Richard Ramirez

Richard Ramirez

Seller

$49.8M

vol

2 deals

Seller
Bilt advertisement

Port Chester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $215 per square foot on a published $875K for 4,066 square feet (2026).

Visit Richard Ramirez to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

18.13%

Cash-on-Cash

-5.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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