16 Lantern Lane
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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by RE/MAX Executive Realty | $829,900 | |
| Listed by RE/MAX Executive Realty | |||
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Opportunity knocks! A beloved family home that has been cherished for generations is ready for its next chapter. The interior of the home is crafted to suit a diverse range of lifestyles with a layout that’s highlighted by a bright kitchen overlooking a thoughtfully landscaped yard, 4 HUGE BRs including a main suite with double closets and hardwood floors through most. The 5th BR is an in-law apartment with a kitchen/stove, walk in closet and full bathroom that could function as a 1st floor main suite, live-in nanny space, large office or playroom. A 3-season porch completes a long list of exterior features including energy-efficient solar panels - decrease your carbon footprint and save money! Mature trees, flowering shrubs, and manicured lawns create a serene setting perfect for entertaining or quiet relaxation. Updates include the electric panel (2 y/o) and water tank (’23). Situated in a popular neighborhood, this home bursting with potential to be someone's forever home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017