829 LANTERN WAY #829
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 11, 2025 | Sold | ||
| Sold | |||
| Sep 3, 2025 | In contract | - | |
| In contract | |||
| Aug 18, 2025 | Price Decreased |
$375,000
↓ $25K
(6.2%) | |
| Price Decreased | |||
| Jul 12, 2025 | Price Decreased |
$399,900
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Mar 25, 2025 | Price Decreased |
$419,900
↓ $30K
(6.7%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/07/2025
|
3 Bed
|
2 Bath
|
2045 ft²
|
$449,900
3 Bed
2 Bath
2045 ft²
|
$365,000
-18.87%
09/11/2025
|
Thomas Varga
RE/MAX ACR ELITE GROUP INC
|
Building Info
About Clearwater
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017