2420 HANOVER PIKE
About This Property
A full-length front porch offers a warm welcome and sets the tone for the inviting interior featuring rich hardwood floors and architectural details. To the right of the entry, a private study features custom built-in shelving and offers access to a versatile den or bedroom. To the left of the entry, a spacious living room provides a comfortable gathering space. A formal dining room with elegant columns and chair rail molding adds to the home's historic charm. The expansive eat-in kitchen is equipped with granite countertops, stainless steel appliances, dual sinks, an island, a pantry, a breakfast bar, a partial stone backsplash, and a cozy breakfast nook with exterior access. Completing the main level is a full bathroom featuring granite-topped vanities.
Upstairs, the primary suite offers a peaceful retreat with hardwood floors, a dual-sided gas fireplace framed by exposed brick, a sitting area, and a walk-in closet with custom built-ins. A beautifully updated full bathroom-complete with a dual-sink vanity, modern shower, and in-bathroom laundry-is accessible from the primary suite. Two additional bedrooms complete the upper level. The lower level offers a spacious unfinished basement with generous storage and potential for future living space. A detached 3-car garage provides ample parking, and a portion of the attic has been finished with hardwood flooring, plastered walls, and air conditioning-making it a flexible bonus area (not currently heated).
Outdoor living is just as impressive, with a side deck and a hardscaped rear patio overlooking the expansive, fenced yard. Enjoy wide open views, multiple pebble areas for outdoor games or seating, and a storage shed.
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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 12, 2025 | Sold | ||
| Sold | |||
| Aug 22, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Relisted | $475,000 | |
| Relisted | |||
| Aug 21, 2025 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017