3 HANOVER Square #4K
About This Property
This Bright Jumbo studio apartment is located in the former Cotton Exchange bldg on historic Hanover Square with Queen Elizabeth Park at your doorstep and the iconic HARRY'S of Hanover a quick hop to the right!
Freshly painted and partially renovated. The seller has added brand new floors, light fixtures, HVAC and closet doors. The apartment has the feel of a loft, with high ceilings that can be raised an additional foot to 10.5-11 ft. and includes plenty of closets with a separate dressing area.
3 Hanover Square is a full-service Coop with solid Pre-war construction. The bldg has a full-time concierge, Live-in Super, laundry room on every third floor, and shared common storage space for every unit. Great FiDi location, adjacent to the Stone Street restaurant row, and ALL major subway lines. The building is also not far from the Oculus, Westfield Mall and Brookfield Place, which features Eataly, Le District, and many other high-end shopping venues. Also, 3 Hanover is Pet friendly, so bring your fur babies! some photos have been virtually staged.
Listed By
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 6, 2024 | Price Decreased |
$475,800
↓ $14K
(2.9%)
|
|
Price Decreased | |||
Jun 10, 2024 | Listed by Douglas Elliman Real Estate | $490,000 | |
Listed by Douglas Elliman Real Estate |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/22/2024
|
Studio
|
1 Bath
|
575 ft²
|
$435,000
Studio
1 Bath
575 ft²
|
$440,000
+1.15%
08/08/2024
|
-
|
Feargal Gleeson
Halstead Property, LLC
|
|
02/19/2024
|
Studio
|
1 Bath
|
-
|
$495,000
Studio
1 Bath
|
$485,000
-2.02%
07/30/2024
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
01/16/2024
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
$720,000
-0.69%
05/28/2024
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
01/08/2024
|
1 Bed
|
1 Bath
|
-
|
$650,000
1 Bed
1 Bath
|
$665,000
+2.31%
10/07/2024
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
04/26/2023
|
2 Bed
|
1 Bath
|
1100 ft²
|
$995,000
2 Bed
1 Bath
1100 ft²
|
$995,000
04/30/2024
|
-
|
Chad Fulton
Prudential Douglas Elliman Real Estate
|
|
03/01/2023
|
2 Bed
|
2 Bath
|
1600 ft²
|
$1,725,000
2 Bed
2 Bath
1600 ft²
|
$1,575,000
-8.70%
12/05/2023
|
-
|
Chad Fulton
Prudential Douglas Elliman Real Estate
|
|
02/21/2023
|
Studio
|
1 Bath
|
-
|
$440,000
Studio
1 Bath
|
$400,000
-9.09%
08/01/2023
|
-
|
Manuel Fueyo
Brown Harris Stevens
|
|
10/14/2022
|
Studio
|
1 Bath
|
-
|
$448,000
Studio
1 Bath
|
$418,000
-6.70%
04/18/2023
|
-
|
Nadav Winer
KWNYC Midtown
|
|
10/03/2022
|
3 Bed
|
2 Bath
|
-
|
$1,200,000
3 Bed
2 Bath
|
$1,200,000
01/10/2023
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
09/06/2022
|
2 Bed
|
2 Bath
|
-
|
$1,150,000
2 Bed
2 Bath
|
$1,100,000
-4.35%
01/12/2023
|
-
|
Alexander Novack
Sothebys International Realty
|
|
06/06/2022
|
2 Bed
|
2 Bath
|
-
|
$1,495,000
2 Bed
2 Bath
|
$1,165,000
-22.07%
10/04/2023
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
04/25/2022
|
2 Bed
|
3 Bath
|
1500 ft²
|
$1,295,000
2 Bed
3 Bath
1500 ft²
|
$1,325,000
+2.32%
10/13/2022
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
04/11/2022
|
Studio
|
1 Bath
|
-
|
$525,000
Studio
1 Bath
|
$394,500
-24.86%
03/01/2023
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
03/26/2022
|
Studio
|
1 Bath
|
565 ft²
|
$525,000
Studio
1 Bath
565 ft²
|
$512,500
-2.38%
08/12/2022
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
03/02/2022
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
$410,000
+2.76%
08/12/2022
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
02/28/2022
|
1 Bed
|
1 Bath
|
-
|
$950,000
1 Bed
1 Bath
|
$798,000
-16.00%
01/20/2023
|
-
|
Meris Blumstein
The Corcoran Group
|
|
02/11/2022
|
1 Bed
|
2 Bath
|
860 ft²
|
$895,000
1 Bed
2 Bath
860 ft²
|
$775,000
-13.41%
01/25/2023
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
01/20/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$795,000
1 Bed
1 Bath
1100 ft²
|
$660,000
-16.98%
01/12/2023
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
01/17/2022
|
1 Bed
|
1 Bath
|
919 ft²
|
$850,000
1 Bed
1 Bath
919 ft²
|
$830,000
-2.35%
07/12/2022
|
-
|
Oliver Gold
Compass
|
|
09/28/2021
|
1 Bed
|
1 Bath
|
-
|
$715,000
1 Bed
1 Bath
|
$710,000
-0.70%
03/08/2022
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
09/14/2021
|
1 Bed
|
1 Bath
|
1100 ft²
|
$995,000
1 Bed
1 Bath
1100 ft²
|
$935,000
-6.03%
05/16/2022
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
05/14/2021
|
2 Bed
|
2 Bath
|
-
|
$1,275,000
2 Bed
2 Bath
|
$1,190,000
-6.67%
12/15/2021
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
05/04/2021
|
Studio
|
1 Bath
|
-
|
$412,000
Studio
1 Bath
|
$425,000
+3.16%
10/29/2021
|
-
|
Raphael DeNiro
Douglas Elliman Real Estate
|
|
05/03/2021
|
Studio
|
1 Bath
|
-
|
$499,000
Studio
1 Bath
|
$472,500
-5.31%
04/30/2022
|
-
|
Catherine Slotnick
Compass
|
|
04/19/2021
|
Studio
|
1 Bath
|
-
|
$499,000
Studio
1 Bath
|
$470,000
-5.81%
03/10/2022
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
03/24/2021
|
1 Bed
|
2 Bath
|
-
|
$1,250,000
1 Bed
2 Bath
|
$1,250,000
12/17/2021
|
-
|
Collin Bond
Elliman
|
|
11/23/2020
|
2 Bed
|
1 Bath
|
-
|
$1,195,000
2 Bed
1 Bath
|
$1,165,000
-2.51%
06/25/2021
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
09/29/2020
|
1 Bed
|
1 Bath
|
950 ft²
|
$850,000
1 Bed
1 Bath
950 ft²
|
$775,000
-8.82%
08/02/2021
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
07/07/2020
|
1 Bed
|
1 Bath
|
-
|
$825,000
1 Bed
1 Bath
|
$710,000
-13.94%
10/29/2021
|
-
|
Lawrence Williams
Corcoran Group
|
|
06/03/2020
|
Studio
|
1 Bath
|
-
|
$465,000
Studio
1 Bath
|
$415,000
-10.75%
03/25/2021
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
09/16/2019
|
1 Bed
|
1 Bath
|
1085 ft²
|
$950,000
1 Bed
1 Bath
1085 ft²
|
$937,500
-1.32%
02/04/2020
|
-
|
Paul Cole
Compass
|
|
11/12/2018
|
Studio
|
1 Bath
|
-
|
$635,000
Studio
1 Bath
|
$617,500
-2.76%
02/15/2019
|
-
|
Hoffman Hildreth
Compass
|
|
09/10/2018
|
3 Bed
|
3 Bath
|
2000 ft²
|
$2,395,000
3 Bed
3 Bath
2000 ft²
|
$1,885,000
-21.29%
12/08/2020
|
-
|
Jennifer Lee
Compass
|
|
03/20/2018
|
Studio
|
1 Bath
|
700 ft²
|
$750,000
Studio
1 Bath
700 ft²
|
$625,000
-16.67%
11/26/2018
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
09/26/2017
|
1 Bed
|
1 Bath
|
-
|
$749,000
1 Bed
1 Bath
|
$645,000
-13.89%
03/16/2018
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
08/18/2017
|
1 Bed
|
1 Bath
|
1046 ft²
|
$775,000
1 Bed
1 Bath
1046 ft²
|
$775,000
02/05/2021
|
-
|
Gannon Wallach
Coldwell Banker Warburg
|
|
07/27/2017
|
Studio
|
1 Bath
|
-
|
$480,000
Studio
1 Bath
|
$500,000
+4.17%
10/26/2017
|
-
|
Patricia Levy
Elliman
|
|
07/24/2017
|
1 Bed
|
1 Bath
|
950 ft²
|
$950,000
1 Bed
1 Bath
950 ft²
|
-
-
|
-
|
David Rosen
Prudential Douglas Elliman Real Estate
|
|
05/03/2017
|
1 Bed
|
1 Bath
|
-
|
$695,000
1 Bed
1 Bath
|
$710,000
+2.16%
09/08/2017
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
04/10/2017
|
1 Bed
|
1 Bath
|
-
|
$1,099,000
1 Bed
1 Bath
|
-
-
|
-
|
Sonia Christian-Bendt
Berkshire Hathaway HomeServices New York Properties
|
|
04/07/2017
|
2 Bed
|
2 Bath
|
1300 ft²
|
$1,322,000
2 Bed
2 Bath
1300 ft²
|
$1,350,000
+2.12%
09/14/2017
|
-
|
Lori McNichol
Douglas Elliman Real Estate
|
|
03/29/2017
|
Studio
|
1 Bath
|
650 ft²
|
$595,000
Studio
1 Bath
650 ft²
|
$615,000
+3.36%
06/29/2017
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
03/16/2017
|
Studio
|
1 Bath
|
-
|
$550,000
Studio
1 Bath
|
$519,000
-5.64%
08/03/2017
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
03/06/2017
|
Studio
|
1 Bath
|
-
|
$425,000
Studio
1 Bath
|
$430,000
+1.18%
06/19/2017
|
-
|
Kyle Jekielek
Charles Rutenberg, LLC
|
|
02/13/2017
|
Studio
|
1 Bath
|
650 ft²
|
$595,000
Studio
1 Bath
650 ft²
|
$625,000
+5.04%
06/27/2017
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
02/13/2017
|
1 Bed
|
1 Bath
|
1100 ft²
|
$1,095,000
1 Bed
1 Bath
1100 ft²
|
$985,000
-10.05%
08/21/2017
|
-
|
Simona Stanica
Douglas Elliman Real Estate
|
|
01/12/2017
|
Studio
|
1 Bath
|
550 ft²
|
$495,000
Studio
|