316 ROOSEVELT AVENUE
About This Property
From the moment you arrive, the incredible curb appeal captivates you with its mature landscaping, flagstone walkway, and an inviting, deep front porch perfect for rocking chairs. Step inside to find a warm interior accented by beautiful hardwood floors. The heart of the home features a spacious living room centered around a magnificent wall-to-wall brick fireplace, complete with a natural wood mantel. For ultimate convenience, the main floor boasts a coveted bedroom and full bathroom. The kitchen is fully equipped with crisp white cabinetry, modern stainless steel appliances, sleek dark countertops, and a gorgeous deep-ledge picture window overlooking the rear property. Just off the main living space, a bright, sun-drenched enclosed porch with a classic beadboard ceiling serves as the perfect flex space for a home office, reading room, or plant oasis.
The outdoor space is an entertainer's paradise! Walk out from the basement level or step down from the spectacular two-story deck to enjoy a massive, pristine backyard fully enclosed by high-quality vinyl fencing. Spend hot summer days lounging by your above-ground pool or working on projects in the detached storage shed, which comes fully equipped with electricity.
Best of all, this home offers an unbeatable lifestyle location. You are directly across the street from expansive park fields, tennis courts, and basketball courts, and just a short, easy stroll away from vibrant downtown Pitman's famous restaurants, boutique shops, local breweries, and the historic Broadway Theatre. This property perfectly combines timeless charm, modern amenities, and prime location-schedule your tour today before it's gone!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Sep 23, 2026 | Listed by LPT Realty, LLC | $350,000 | |
| Listed by LPT Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017