50 Pitman Ave
About This Property
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Listed | $885,000 | |
| Listed | |||
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Updated & sun-filled New Englander in desirable Wakefield, near the Melrose line! Filled w/ character & modern comforts, this inviting property features original hardwood floors, tall ceilings, & elegant living room w/ bay windows that flows seamlessly into a formal dining room adorned w/ classic wainscoting. The heart of the home is the oversized kitchen complete w/ a center island, granite countertops, & open layout that connects to a family room w/ wood-burning fireplace. A stylish half bath & versatile den with direct access to the patio & level backyard complete the 1st floor. Upstairs, you’ll find 2 nicely sized bedrooms, office, & spacious full bath. The 3rd floor has been thoughtfully renovated into a 4th bedroom w/ private full bath. Additional highlights include a charming farmer’s porch, 1-car detached garage, & walk-out basement. Located in a family-friendly neighborhood w/ sidewalks close to Greenwood Elementary shops, restaurants, & commuter rail. OPEN 7/19 & 7/20, 12-2pm
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| Sep 29, 2020 | Sold | ||
| Sold | |||
| Aug 12, 2020 | Listed by Redfin Corp. | $624,000 | |
| Listed by Redfin Corp. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017