385 Hanover St
About This Property
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | In contract | - | |
| In contract | |||
| Mar 20, 2024 | Price Decreased |
$999,900
↓ $49K
(4.7%) | |
| Price Decreased | |||
| Mar 6, 2024 | Listed by Keller Williams Realty | $1,049,000 | |
| Listed by Keller Williams Realty | |||
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This extraordinary ranch-style home in sought-after Hanover presents a unique opportunity for those seeking spacious and versatile living spaces on a sprawling 1.5-acre retreat lot. The main residence boasts a bright and open kitchen with original brick detailing, custom cabinets, and granite countertops, leading to a spacious family room with a wood-burning fireplace. Three bedrooms, 2.5 baths, a laundry room, and an office area complete the main house. A two-car garage connects to a separate two-bedroom au pair suite with its own kitchen, living room, and private deck. An adaptable game room provides additional living space. The property's exterior features stunning landscaping, stone walls, a private well for irrigation, a pool, and a cabana. With modern heating systems, windows, and central air, this is a rare and remarkable find in the Hanover area – don't miss the opportunity to see it today!
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| Jan 16, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017