188 Spring Street
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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2025 | Relisted | $640,000 | |
| Relisted | |||
| Jul 17, 2025 | In contract | - | |
| In contract | |||
| Jul 6, 2025 | Listed by William Raveis R.E. & Home Services | $929,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Welcome to 188 Spring Street in Hanover — a beautifully renovated Colonial offering 3-4 spacious bedrooms and 3 full spa-like baths. Set on a generous lot, this home seamlessly blends timeless charm with modern updates. The sun-filled interior features a stylish kitchen with stainless steel appliances and quartz countertops, open to a dining area and well appointed living room with fireplace. A flexible floor plan with welcoming foyer, includes a first-floor full bath and bonus room perfect for a home office or guest suite, mud room with built-ins and convenient first floor laundry. An open center staircase leads you upstairs to the serene primary suite with a high end designer bathroom and large walk-in closet. Two additional bedrooms, a shared bathroom and sitting area/office space complete the second floor. Enjoy the expansive back yard, composite deck, and prime location close to schools, shopping, and highways. This turn-key home is ready for its next chapter!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017