38 Old Shipyard Ln
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed by The Firm | $3,195,000 | |
| Listed by The Firm | |||
| |||
|
Who knew Hanover had such AMAZING riverfront? Yes this offering has the superior workmanship, crisp design and finishes you would expect at this price point. And, yes it has an open floor plan, fireplace, high ceilings, a sparkling kitchen, a walk-in pantry, and a beautiful first floor primary suite. So what is it that makes it the most unique property in Hanover? Simply the site. In a quaint neighborhood and once a historic shipyard, the grounds and plantings emulate an arboretum. The views, which are hidden until you step in the front door, are BREATHTAKING! The location provides privacy and convenience. Swimming/fishing/kayaking/boating and dock steps from your door and yet not in a flood zone! Even an outdoor shower w/ a river view. This property will touch your soul. Immersed in nature, the inspiring sunrises and reflective glow of the sunsets over the winding river and marshes is MAGICAL. You will not want to leave! Come experience SERENITY!
| |||
| Oct 30, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Oct 8, 2024 | Listed by The Firm | $3,875,000 | |
| Listed by The Firm | |||
| | |||
|
Property is withdrawn for completion, please contact me for information while withdrawn. The former site of Smith’s Shipyard in years past, this home lacks for nothing & delivers everything today’s sophisticated buyer demands. River Bend is one of the most prized waterfront sites on the South Shore (no flood zone)! While fully immersed in nature on your 42' deck, you will watch the sunrise from every window & bask in the sunset glow of the river & NEW BOAT DOCK. Sitting on a quiet cul-de-sac, this RARE waterfront property is in Hanover's most desirable historic neighborhood w/ privacy & seclusion yet steps to a multitude of dining, shopping, coffee, spa & highway access. The interior offers open living w/ massive windows & doors spread out over 3 river-facing levels. 1st floor primary is perfect for those wanting 1-level living & rooms for guests & full IN-LAW Options. livewheretheriverbends.com/hanover
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017