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In Contract

3 Hanover Square, #14EF

$1,699,000 | 4 beds, 3 baths
Building Profile  | 
262 days on Market

Key Details

  • Listed: Mar 4, 2024
    Last Price Change: ($100,000) on Jun 12
    Days on Market: 262
    Building Type: Cooperative
    Neighborhood: Financial District (Manhattan)
Monthly Maintenance: $4,376
Est. Monthly Mortgage: $9,015
Total Est. Monthly Carrying Cost: $13,391
Note: the above is based on a down payment of 20% ($339,800), which is the minimum amount permitted by the building.

Description

3 Hanover Square is a premier co-op in the Financial District with a full-time doorman. Located in the heart of the neighborhood, this apartment is an opportunity not to be missed. 14EF is 4 bedroom loft with soaring ceilings. The unit has 3 full bathrooms plus a home office.

The large living area gets great light through southern exposure and offers plenty of space for both living and dining. The renovated chef’s kitchen features top-of-the-line amenities, including a breakfast bar and an open layout, perfect for entertaining. The primary bedroom features multiple closets including a spacious walk-in closet, river views and an en-suite bathroom.

Additionally, this unit has abundant storage throughout with 14 closets, including a massive walk-in right by the front entrance. To top it off, the apartment also has an in-unit washer/dryer. 3 Hanover Square was built at the turn of the century as the home to the New York Cotton Exchange. In the late 1970s, 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 world financial markets and 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 (except for tenants) 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. Please call or email to schedule an appointment to see this one-of-a-kind, rarely available loft.

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Apartment Amenities

  • River View
Listing courtesy of Compass

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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