3 Hanover Square

3 Hanover Square is a Co-op located 3 Hanover Square, in Financial District, New York. The building was first built in 1926 and is 98 years old. It was first renovated and altered in 1978. The lot that the building was built on is 116 feet wide and 89 feet long. The official lot area is listed as 11,934 square feet. The building itself is 116 feet wide and 89 feet long. In total, 3 Hanover Square has a total floor area of 239,121 square feet. Of that, 228,121 square feet are used for residential purposes. About 11,000 square feet of the building are used for commercial purposes. There are a total of 211 units. Of those, 202 are residential units. There are nine commercial units. 3 Hanover Square has a total of 23 floors. Thankfully, the building is equipped with elevator service. Residents can access the four elevators in 3 Hanover Square.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 229 closings on record, of which we have matching data for 98 listings. In the past 3 years, a listing in this building will typically remain on the market for about 161 days and tend to sell below the original asking price of $677,500 by 19.39%. Meaning, listings tend to sell at a median of $900 price per square foot. The transaction that took the longest to complete was unit 3A, listed on Jan 08, 2018 for $750,000. This particular unit ultimately sold 367 days later for $599,000. The most recent transaction was for unit 2H, which was first advertised on Mar 01, 2023, sold for $1,575,000 on Dec 05, 2023. Fun fact, the oldest transaction we have on record took place on Nov 20, 1973. See the full transaction history for 3 Hanover Square below.

Financial District, where 3 Hanover Square is located, has a median asking price of $1,195,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $677,500. For interested buyers, that means the building's median asking price is around 0.43% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There are currently 12 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,799,000. It is a 4 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $435,000. It is a 575 sqft studio and 1 bathroom unit. A breakdown of active listings shows 3 studio, 4 one-bedroom, 4 two-bedroom, and 1 four-bedroom plus units for sale! The median price of all the active units for sale in the building is $824,500. Collectively, the median square footage of these active units for sale is 275 sqft. Active units for sale at 3 Hanover Square have a median count of 1 bedrooms and have a median count of 1 bathroom.