62 Lanai Circle #62
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 |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Nov 24, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2025 | Price Decreased |
$370,000
↓ $3K
(0.8%) | |
| Price Decreased | |||
| Aug 2, 2025 | Price Decreased |
$373,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jul 8, 2025 | Price Decreased |
$378,000
↓ $2K
(0.4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/21/2025
|
2 Bed
|
2 Bath
|
1602 ft²
|
$389,900
2 Bed
2 Bath
1602 ft²
|
$360,000
-7.67%
01/05/2026
|
Debbie Swift PA
Swift Real Estate Services
| |
|
01/23/2023
|
2 Bed
|
2 Bath
|
-
|
$410,000
2 Bed
2 Bath
|
-
-
|
Melissa A Murphy
Dale Sorensen Real Estate Inc.
|
Building Info
About East Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017