227 Hancock Street #3
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 |
|---|---|---|---|
| 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 | |||
| Sep 25, 2020 | Sold | ||
| Sold | |||
| Jan 21, 2020 | Listed by Luxury Residential Group, LLC | $399,900 | |
| Listed by Luxury Residential Group, LLC | |||
| | |||
|
Easy to show - unit is brand new and empty. Fantastic renovation for this 2nd floor condo. The home that you have been waiting for! Nothing to do but for you to move in. This home is perfect for entertaining, offering a large brand new kitchen with center island, stainless steel appliances, beautiful quartz counters. Featuring a large living room, high ceilings, hardwood floors, 2 bedrooms, in unit laundry, and off street parking. Totally renovated throughout with new roof, siding, windows, electric service, insulation, plumbing, complete interior finishes, heating, cooling, hot water, and fire prevention systems.......the list goes on.
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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 |
|---|---|---|---|---|---|---|---|
|
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