237 HANOVER STREET
About This Property
Fully renovated (managed by architect Gary Schwerzler) with 3 fireplaces (LR FP original marble with period details recently converted to gas), KT FP wood-burning and Primary Suite FP wood burning (not in use currently) but beautiful woodwork was recently added by master carpenter.
Floors are beautiful Hickory throughout LR, DR and KT`- All rooms have large 6 over 6 windows with marble sills flowing nicely lpast a convenient 1st. floor full bath with a stack Miele washer and dryer.
Continue back to the efficient KT with up to date appliances, gas cooking, new Bosch DW,, granite countertop and eat-at bar. There is a cozy seating area, wood-burning FP with TV above. In the corner is a new, top-end elevator to 2nd floor! (please do not operate). Glass doors lead to a fully enclosed, private garden with brick walkway. This is a very special spot, partially shaded by the new deck above - a real retreat in City-living!
Stairs (wth new mahogany railing and period newel post) lead from front entrance to Primary BR with FP (not currently in use) a corner nook with little desk and 2 set-backs on either side of the FR that could accommodate large bureaus, be enclosed for closets.... this room has a half-wall, opening to the staircase!
An en-suite bath,with marble, tile, nice shower - all re-done complete s this Primary space.
Continuing down the hallway is a similar quality hall bath (also with shower) that serves hall BR that could work beautifully as a home office and the end-of-hall BR (with Amish-built Murphy beds and rolling-door closets. This BR has glass doors to the newly built IPE upper deck with custom iron railing. This is the upper end for the elevator.
Some important details are the zoned whole house top-end Mitsubishi HVAC system, and the newly installed sprinkler system. No detail has gone overlooked.
An unfinished basement has another large washer and dryer, its own HVAC unit and conveniently has its own entrance/exit to the street side of the house.
Thank you for your attention to these details.
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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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 13, 2025 | Listed by Long & Foster Real Estate, Inc. | $1,295,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Dec 8, 2021 | Sold | ||
| Sold | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017