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4411 Hanover Avenue
About This Property
A bluestone walkway leads to an elegant bluestone front porch, opening to an interior defined by a tranquil palette of soft blues and subtle neutrals. Gleaming oak floors and refined millwork are complemented by plantation shutters on every window. The living room features a fireplace and dual closets, connecting to a dining room with custom glass-front built-ins. Three well-proportioned bedrooms are served by a completely renovated full bathroom featuring classic finishes.
The kitchen was fully renovated in 2017 with oak flooring, custom cabinetry, handmade subway tile, and granite countertops. Designed for the discerning cook, it features gas cooking, a counter-depth refrigerator, and efficient pull-out storage. Just beyond, a step-down laundry and mudroom provides substantial storage and a convenient powder room. The sunroom serves as a versatile study or retreat, opening to the rear garden and a charming screened porch that serves as an essential seasonal living room.
The fully fenced backyard is wonderfully private and designed for entertaining, featuring brick patios set beneath a rustic pergola and surrounded by mature plantings and trees. The detached garage is equipped with electricity, offering valuable storage or workshop space with the potential to be returned to its original use. Recent mechanical improvements include a new heat pump and a tankless hot water system for modern efficiency. With its fresh interior and premier location, this is an inviting, move-in ready home in the heart of one of the city's most beloved neighborhoods.
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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%.
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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.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017