34141 Ruby Lantern Street
About This Property
The two bedroom, two bath penthouse (unit D) features an open concept living space flooded with natural light, accentuating the panoramic ocean and city lights vistas visible through oversized windows in the living room and on the large private deck. The gorgeous bathroom on the main floor has been fully renovated, featuring sleek finishes that provide functionality and elegance as well as washer/dryer hookups for stackable laundry. The spacious bedrooms offer the ultimate in relaxation and the practical kitchen is equipped with high-end smart appliances, plenty of storage and counter space. The penthouse unit also offers a second full bath downstairs as well as incorporates a converted garage space.
Units A & B are mirror images of each other, with two levels and two bedrooms, one- and one-half baths each. They offer open concept living spaces, personal balconies, and ocean views from one of the bedrooms. Both units have been updated with quartz countertops in both bathrooms and the kitchen.
Unit C is a loft studio with floor to ceiling windows allowing in amazing natural light and has also been updated with quartz counters in the kitchen and on the vanity.
Set on a prime piece of coastal real estate, this property has a laundry room on site and offers ample parking with 5 garages and driveways. This property is street to street, features low maintenance landscaping and offers easy access to nearby beaches, shops and dining. Imagine waking up to stunning sunrises each day and ending the day with the glow of the sunset off the water!
Whether you're seeking a lucrative income-generating property or a stunning home with rental potential, this ocean-view gem is a rare find.
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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 |
|---|---|---|---|
| Feb 18, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | Listed by VonKeith Properties | $2,900,000 | |
| Listed by VonKeith Properties | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/12/2024
| |
Studio
|
-
|
-
|
$2,900,000
Studio
-
|
$2,690,000
-7.24%
02/18/2025
|
Nicole Derleth
VonKeith Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017