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Map
1113 Lantern Dr
About This Property
Situated on a level lot, the home offers a detached oversized 2-car garage built in 2019-perfect for parking, storage, or a workshop setup. Additional highlights include a functional floor plan, in-unit laundry, and no stairs for easy living.
This home does need some TLC and cosmetic updates, making it a great option for investors, flippers, or buyers looking to build sweat equity. Conveniently located with quick access to local shops, dining, and major highways for commuting.
Priced accordingly and sold as-is-don't miss this value-add opportunity!
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 4, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed | $220,000 | |
| Listed | |||
| Jun 21, 2025 | No longer available | - | |
| No longer available | |||
| Jun 20, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017