40 Lantern Ln
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 |
|---|---|---|---|
| Feb 12, 2024 | Sold | ||
| Sold | |||
| Jan 11, 2024 | In contract | - | |
| In contract | |||
| Nov 28, 2023 | Price Decreased |
$1,499,000
↓ $41K
(2.7%) | |
| Price Decreased | |||
| Oct 19, 2023 | Price Decreased |
$1,540,000
↓ $45K
(2.8%) | |
| Price Decreased | |||
| Sep 5, 2023 | Listed by Elite Realty Experts, LLC | $1,585,000 | |
| Listed by Elite Realty Experts, LLC | |||
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Welcome to Burlington! Offering this stunning 4 bedrooms, 2.5 bathroom, 3,500 sq ft New Construction Colonial featuring custom superior craftsmanship with meticulous attention to design & detail. Built by prominent local builder, this impressive property offers an inviting open concept floor plan with high end finishes and lots of features that you would expect in a new home. Enter into a sun filled kitchen w/walk-in pantry & extra large center island, Quartz countertops, wine fridge & SS top of the line appliances.The family room w/ gas FP is bright & airy, perfect for entertaining. 1/2 bathroom, home office and mudroom complete the 1st floor. Moving up to the 2nd floor, are 4BR's (2 of which have walk-in closets) and 2.5 BA's including spacious primary en-Suite with a gas fireplace, his/her walk-in closets, generous size bathroom and 2nd floor laundry. Come see this home for yourself to appreciate all it has to offer. Close proximity to public transportation, shopping and dining.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017