5111 HANOVER PIKE
About This Property
The heart of the home is the updated kitchen complete with custom oak cabinetry, granite countertops, and stainless steel appliances, all designed to make everyday living and entertaining effortless. Convenient main-level laundry adds to the easy one-level lifestyle.
Major improvements have already been completed for peace of mind, including a new roof and HVAC system in 2020, along with numerous additional maintenance updates throughout the years.
Step outside and enjoy your own backyard oasis featuring an inground pool, screened-in pool house, expansive outdoor space, and endless possibilities for relaxation or entertaining. Car enthusiasts, hobbyists, or those needing extra storage will love the oversized 36x41 pole barn with electric, along with the attached 2-car garage.
A rare opportunity to own a property that offers privacy, space, and versatility both inside and out. Schedule your private tour today!
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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 |
|---|---|---|---|
| Jul 2, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Price Decreased |
$519,900
↓ $5K
(1%) | |
| Price Decreased | |||
| Apr 30, 2026 | Price Decreased |
$525,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Mar 23, 2026 | Listed by RE/MAX Solutions | $535,000 | |
| Listed by RE/MAX Solutions | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017