50
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1 Springwood Path
About This Property
Designed for both grand entertaining and everyday comfort, the home features a spectacular two-story great room and entry with 2 story walls of glass that create a lasting first impression. A formal living room and dining room, an expansive chef's kitchen with a full size sunlit breakfast nook, and a richly appointed library. Enjoy cinematic experiences in your private theater room, all within the comfort of your own home. A standout addition is the impressive 950 sqft attached sunroom, featuring a swim spa, hot tub, and folding glass panels-allowing for year-round enjoyment in a bright, resort-style setting.
Additional highlights include a 3-car attached garage, a backup generator, and an impressive 59-panel solar system generating over 100kWh per day during summer months-delivering exceptional energy efficiency. Complementing the main residence is a 525 sqft ancillary building, offering two bedrooms, 1.5 baths, a living room, and an eat-in kitchen-ideal for guests, or a private retreat-situated above an oversized two-car garage.
This is more than a home-it's a statement of luxury living.
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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 |
|---|---|---|---|
| Sep 29, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 23, 2026 | Price Decreased |
$3,550,000
↓ $150K
(4.1%) | |
| Price Decreased | |||
| Jun 16, 2026 | Price Decreased |
$3,700,000
↓ $200K
(5.1%) | |
| Price Decreased | |||
| May 15, 2026 | Listed by Compass Greater NY LLC | $3,900,000 | |
| Listed by Compass Greater NY LLC | |||
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About Laurel Hollow
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017