6
Map
2433 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 |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Oct 14, 2024 | Listed by William Raveis Real Estate | $6,975,000 | |
| Listed by William Raveis Real Estate | |||
| Jul 18, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 17, 2023 | Listed by William Raveis Real Estate | $7,650,000 | |
| Listed by William Raveis Real Estate | |||
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One of the quaintest settings in Port Royal, 2433 Lantern Lane is a desired location, known for its close proximity to the Port Royal Club amenities and quick access to Gordon Drive. A strategic time to build a new residence, which meets the current building codes. As plans for the new Port Royal Beach Club progress and the effects of Hurricane Ian fade, this might be a last opportunity to purchase in Port Royal in this price range! Port Royal Club membership eligibility.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017