41 Lantern Way #41
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 |
|---|---|---|---|
| Jul 25, 2019 | Sold | ||
| Sold | |||
| Feb 26, 2019 | Listed by Berkshire Hathaway HomeServices Page Realty | $548,006 | |
| Listed by Berkshire Hathaway HomeServices Page Realty | |||
| | |||
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Phase 1 and Phase 2 are SOLD OUT, and over 75% of Phase 3 is sold. Things are moving fast at The Lanterns! One of Metro West’s ONLY 55+ community with 100% DETACHED single family condominiums featuring 1st floor master bedrooms, front porches, rear decks and 2 car garages. Beautifully situated near the 475 acre Ashland Reservoir and adjacent to the 120-acre Warren Woods, yet convenient to shopping, highways, and commuter rail service. We are pet friendly! This home will be ready July 2019. Photos are from the model home.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/26/2019
|
2 Bed
|
3 Bath
|
1809 ft²
|
$548,006
2 Bed
3 Bath
1809 ft²
|
$538,655
-1.71%
07/25/2019
|
David Derian
Berkshire Hathaway HomeServices Page Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017