3 Hanover Sq APT 18J, New York, NY 10004

Studio1 bath600 sqft Edit

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Sold: $460,000
Sold on 09/10/13
Zestimate®: $681,309
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My Notes

This one's pretty -- BIG (600 sf) studio loft in top FiDi co-op building. Exposed brick, 12.5? ceilings, a foyer full of closets, and a Juliet balcony with a river view make this not-your-ordinary studio. Recent renovations include a hardwood plank floor, a European-style red lacquer kitchen with a Miele dishwasher, a glass tile bathroom, and modern wiring and heating with custom temperature controls. Pets & pied-a-terres okay.
3 Hanover Square -- the former Cotton Exchange -- is a full-service co-op at the foot of downtown?s happening Stone Street. Sorry, no gym, but laundry is on the floor, and there is also available common storage. The co-op allows 80% financing, and allows sublets with board approval.
Showings by appointment; call Ali 646-322-6150. Price: $479,000; maint $1,175, 43% T.D.
Neighborhood Description
Over the past decade, the financial district has been transforming its shiny steel exterior into a softer, more residential place to live. Sure, you?ll still run into a few suits during lunch hours but once they are gone, the neighborhood is all yours as you not only take in the sights of the new but also the sights of New Amsterdam. Bored with those? Stroll down Stone Street and then hop onto the free Staten Island Ferry for amazing views of the Statue of Liberty. As dusk falls, you?ll want to be sure to head over to a nearby rooftop overlooking the Brooklyn Bridge for a happy hour you wont want to miss.

What I love about the home

3 Hanover Square was built at the turn-of-the-century as the home to the New York Cotton Exchange. In the late 1970?s, 3 Hanover Square became the first major structure in the downtown area to be converted for full residential use. This renaissance prompted a rapid increase for this now residential community and has become an integral part of transforming this downtown neighborhood. Historically, residents have been attracted to 3 Hanover Square because of its proximity to the world?s financial markets, the generous size and unique shapes of the building?s apartments. The building maintains a full-time concierge as well as a resident superintendent. There is a common storage space on each floor and a laundry room on every third floor. The building permits pets and subletting, but no investors, please. Pied-a-terres are welcome. This elegant structure, located in this exciting neighborhood, is easy walking distance to many of the world?s finest skyscrapers in lower Manhattan, the Subway (lines J, M, R, W, 1, 2, 3, 4, & 5), the South Street Seaport, the Westside bicycle path, and the Battery Park promenade.
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  • Cooperative
  • Built in 1923
  • Views: 3,248 all time views
  • HOA Fee: $1,100/mo
  • Cooling: Wall
  • Heating: Radiant
  • Parking: None
  • Last sold: Sep 2013 for $460,000
  • Last sale price/sqft: $767


  • Attic
  • Cable Ready
  • Controlled Access
  • Disability Access
  • Doorman
  • Elevator
  • Flooring: Hardwood
  • Intercom
  • Patio
  • Storage
  • Transportation
  • View: City, Water
  • Wired

Additional Features

  • 12.5' ceilings

Appliances Included

  • Dishwasher
  • Freezer
  • Microwave
  • Range / Oven
  • Refrigerator


  • Exterior material: Brick
  • Room count: 2
  • Stories: 23
  • Structure type: Other


  • Floor size: 600 sqft
  • Parcel #: 0028000100003000000018J
  • Unit floor #: 18
  • Zillow Home ID: 72510523

Zestimate Details

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-$2,434 Last 30 days
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-$14 Last 30 days
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3,248 all-time views
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85 forecasted views of this home
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Comparable Homes

Homes like this sold for $650-740K.



Neighborhood: Financial District

Zillow predicts Financial District home values will rise 8.3% next year, compared to a 2% increase for New York as a whole. Among Financial District homes, this home is valued 34.6% less than the midpoint (median) home, and is valued 33.6% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Financial District, the number of foreclosures waiting to be sold is 75% greater than in New York, and 86.7% lower than the national average. This higher local number may prevent Financial District home values from rising as quickly as other regions in New York.

Learn more about forecast calculations or Financial District home values.
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