31
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2755 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 |
|---|---|---|---|
| Mar 31, 2026 | Price Decreased |
$9,250,000
↓ $150K
(1.6%) | |
| Price Decreased | |||
| Jan 12, 2026 | Listed by William Raveis Real Estate | $9,400,000 | |
| Listed by William Raveis Real Estate | |||
| Jun 21, 2025 | No longer available | - | |
| No longer available | |||
| Jan 31, 2025 | Listed by William Raveis Real Estate | $10,500,000 | |
| Listed by William Raveis Real Estate | |||
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This freshly updated Port Royal home presents an exceptional opportunity for discerning buyers seeking a seamless transition into luxurious living. Nestled on the serene Lantern Lane, this home boasts soaring 18-foot ceilings and an abundance of natural light, accentuating its elegant interior. Pristine hardwood flooring graces much of the living space, complementing a gourmet kitchen adorned with top-tier Subzero and Viking appliances. Wine enthusiasts will appreciate the thoughtfully crafted, temperature-controlled wine cellar discretely integrated into the garage, providing optimal conditions for the preservation and presentation of cherished vintages. This property extends eligibility to the prestigious Port Royal Club, currently undergoing a transformative $100 million reconstruction project, slated for completion in the second half of 2026. This well positioned residence affords convenient access to the culinary delights of 3rd Street South and the upscale shopping of 5th Avenue South, along with proximity to Naples' renowned white sand beaches, ensuring a lifestyle of unparalleled sophistication and indulgence.
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| Nov 14, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017