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In Contract

3 Hanover Square, #11C

$1,150,000 | 2 beds, 2 baths
View Full Building Profile  | 
621 days on Market

Key Details

  • Listed: Sep 6, 2022
    Days on Market: 621
    Building Type: Cooperative
    Neighborhood: Financial District (Manhattan)
    Listing viewed 219 times
Monthly Maintenance: $2,317
Est. Monthly Mortgage: $6,176
Total Est. Monthly Carrying Cost: $8,493
Note: the above is based on a down payment of 20% ($230,000), which is the minimum amount permitted by the building.

Description

Residence #11C is a light-filled oversized two-bedroom plus home-office/flex room that offers outstanding value and space in a prime FiDi location just a stone’s throw from the waterfront. The residence features high ceilings, sunny South and West exposures, oversized windows, loft-like prewar architecture and scale, and a gracious flow with separation and privacy between entertaining rooms and sleeping quarters. In addition, there is generous closet space throughout the apartment as well as common storage space on every floor of the building.

Buyers can enjoy this lovely residence as-is or conduct a tailored renovation to make it their perfect fit. Please note that the rooms have been virtually furnished and that there is currently a $269/month assessment as well as a 3% building flip tax. 3 Hanover Square is the former home of the Cotton Exchange and one of the Financial District’s pre-eminent prewar cooperatives. The building enjoys a full-time doorman and staff, resident manager, central laundry room every three floors, and recently renovated lobby and hallways.

The property occupies an ideal location near the waterway bike, jog, and park green spaces, Michelin rated dining and cocktail venues, the Tin Building by Jean Georges, Casa Cipriani, the beloved iPic theater, City Acres Market Food Hall, the New Wholefoods, and a plethora of transportation lines including the 1/2/3/4/5/6/J/Z/R/W subway lines and Pier 11 ferries.

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Listing courtesy of Sothebys International Realty

Pricing History

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About 3 Hanover Square

59

3 Hanover Square has received a CityRealty Rating of 59, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

20
Out of 44
+
29
Out of 36
+
10
Out of 39
=
59
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1985
  • Concierge
  • Resident Storage
  • Garden
  • Washer/Dryer in building
  • Elevator

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Pros
  • Elegant pre-war former office tower
  • Close to the South Street Seaport
  • Doorman
  • Not far from subways
  • Exciting neighborhood
  • Close to waterfront
Cons
  • Considerable traffic
  • Many apartments
  • No balconies
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Subways

  1. J
  2. Z
at Nassau and Cedar 0.13 miles
  1. 2
  2. 3
at William and Cedar 0.13 miles
  1. 4
  2. 5
at Broadway and Rector 0.21 miles
  1. 1
  2. R
Whitehall Street 0.22 miles
  1. A
  2. C
at William 0.34 miles

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