227 Hancock St #3
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 5, 2022 | Sold | ||
| Sold | |||
| Nov 4, 2022 | In contract | - | |
| In contract | |||
| Oct 3, 2022 | Listed by Century 21 Elite Realty | $419,000 | |
| Listed by Century 21 Elite Realty | |||
| | |||
|
Move right into this beautiful, newly renovated and sun-drenched Penthouse 2 BR, 1 BA condo w/Off-Street Parking for 1-Car boasting hardwood floors throughout, tall ceilings, central A/C, recessed lights, and a multitude of windows allowing incredible light! This unit boasts a sought after open floor plan concept for kitchen, living and dining! The spacious kitchen, w/center island breakfast bar, features custom shaker style white cabinetry, stunning quartz counters, Samsung series SS appliances, gas cooking & a French drawer refrig with ice & water dispenser! The spacious living room is ideal for entertaining and hosting friends for dinner & game night! Both bedrooms are generously proportioned, w/ample closet space! Luxurious spa-like bath! Plus in-unit (side-by-side) full size Samsung W/D! Easy commute to Boston! Convenient access to Rte 93 & Rte 1! Tankless hot water heater! Vinyl siding, roof, windows, electrical service, plumbing
| |||
| Sep 25, 2020 | Sold | ||
| Sold | |||
| Jan 21, 2020 | Listed by Luxury Residential Group, LLC | $399,900 | |
| Listed by Luxury Residential Group, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/05/2025
|
2 Bed
|
1 Bath
|
865 ft²
|
$469,000
2 Bed
1 Bath
865 ft²
|
$469,000
07/02/2025
|
Jennifer Schneider
Century 21 Elite Realty
| |
|
10/03/2022
|
2 Bed
|
1 Bath
|
868 ft²
|
$419,000
2 Bed
1 Bath
868 ft²
|
$415,000
-0.95%
12/05/2022
|
Jennifer Schneider
Century 21 Elite Realty
| |
|
01/21/2020
|
2 Bed
|
1 Bath
|
868 ft²
|
$399,900
2 Bed
1 Bath
868 ft²
|
$379,000
-5.23%
09/25/2020
|
Jose Milanes
Reliance Realty
| |
|
01/21/2020
|
2 Bed
|
1 Bath
|
865 ft²
|
$429,900
2 Bed
1 Bath
865 ft²
|
$430,000
+0.02%
04/02/2020
|
Jose Milanes
Reliance Realty
| |
|
01/21/2020
|
3 Bed
|
2 Bath
|
1756 ft²
|
$499,900
3 Bed
2 Bath
1756 ft²
|
$490,000
-1.98%
03/03/2020
|
Jose Milanes
Reliance Realty
| |
|
10/25/2018
| |
6 Bed
|
4 Bath
|
3969 ft²
|
$509,000
6 Bed
4 Bath
3969 ft²
|
$400,000
-21.41%
02/26/2019
|
John O'Toole
Olde Towne Real Estate Co.
|
|
06/06/2010
| |
6 Bed
|
2 Bath
|
3969 ft²
|
$270,000
6 Bed
2 Bath
3969 ft²
|
-
-
|
Michael Cullen
Coldwell Banker Realty - Lynnfield
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017