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Putnam
87 Hewitt Street
Photo of 87 Hewitt Street
Sold on Jul 18, 2025

11

Map

Photo of 87 Hewitt Street
Photo of 87 Hewitt Street
$230,000
● House - Off Market

87 Hewitt Street

Putnam Valley, NY 10537
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,218 Ft²
$1,948
Est. Monthly
11.42%
Cap Rate

About This Property

Spring is coming! Time to spring into action if you don't want to miss this very affordable home opportunity.  This will not last long. Larger 2-3 BR bungalow that was well loved but now needs your creativity and effort to bring it back to just the way you want it. Kitchen (with newer cabinets) flows into dining and living areas on lower level, with a full bath. Upper level has 2-3 bedrooms and another full bath. Rear patio and very large side lot gives you room to move and opportunities for outdoor entertaining, recreation or gardening. Partial mountain views. Enjoy swimming, boating, and fishing in nearby Lake Peekskill – this property has lake rights to three private beaches. With one hour drive to NYC, and 15 minutes from Metro-North commuter rail.
Unit Size
1,218 Ft²
Days on Market
119 days
Land Size
0.26 acres
Price per sqft
$205
Property Type
House
Property Taxes
$721
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (OneKey MLS #KEY838672)

Price History

Date / Event Date Event Price
Jul 18, 2025 Sold
Premium
Sold
Apr 10, 2025 In contract -
In contract
Mar 21, 2025 Listed by River Realty Services, Inc. $249,900
Listed by River Realty Services, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 559
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,160
  • Lot Size Depth Feet: 930
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 659
  • Building Area: 659
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 659
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Putnam Valley Central School District
  • School Tax School District: PUTNAM VALLEY
  • Census Tract: 010901

Zoning

  • Zoning: LP

Geography

  • Account Number: 005650
  • District: 372800
  • Section: 83.74
  • Parcel: 372800 83.74-2-55
  • Block: 2
  • Lot: 55.000
  • Municipality: PUTNAM VALLEY
  • Latitude: 41.3393
  • Longitude: -73.878

    Address

  • Full Address: 87 Hewitt St
  • Address - House Number: 87
  • Address - Street Name: Hewitt
  • Address - Suffix Type: St
  • State: NY
  • City Name: Lake Peekskill
  • Carrier Code: R082
  • 4-Digit Zip Code: 1208
  • Zip Code: 10537

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $822,813
  • Initial Tax Delinquent Year: 2024
  • Tax Rate Code Area: 372803

    Appraisal Valuation

  • Standard Deviation: 0.1745
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 328,436
  • High Value: 385,768
  • Low Value: 271,104

    Market Valuation

  • Market Total Value: $265,300
  • Market Land Value: $71,600
  • Market Improvement Value: $193,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,300
  • Assessed Land Value: $71,600
  • Assessed Improvements Value: $193,700
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Putnam

Stats & Trends

Median Asking:

$589,000

Sale Price/ft²

$316

Below Asking

0.01%

Average Days on Market

89

Average Home Size

2364 ft²

Average Home Age

59 years

Currently For Sale

267 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 8 Anton Place, Lake Peekskill, NY, 10537

$3,095 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
8 Anton Place, Lake Peekskill, NY, 10537 Listing by Jorge A. Guerrero Jr
Unit for rent at 26 Pump House Road, Cortlandt Manor, NY, 10567

$3,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,363 ft²
26 Pump House Road, Cortlandt Manor, NY, 10567 Listing by Annemarie Credentino

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 years ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 87 Hewitt Street built and last sold?
The property at 87 Hewitt Street was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 87 Hewitt Street is $259,907.
What are some comparable homes to 87 Hewitt Street?
There are currently no comparable homes to 87 Hewitt Street.
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