54
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22 Vernal Spring
About This Property
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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 21, 2026 | Listed by Coldwell Banker Realty | $8,995,000 | |
| Listed by Coldwell Banker Realty | |||
| May 21, 2025 | Price Decreased |
$9,980,000
↓ $508K
(4.8%) | |
| Price Decreased | |||
| Mar 27, 2025 | Listed | $10,488,000 | |
| Listed | |||
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New Price! Exceptional Value for a Turnkey Home in Prestigious Shady Canyon. Reimagined, redesigned, and meticulously crafted, this Sycamore Plan 3 with six bedrooms and seven full bathrooms has been completely transformed into a bespoke sanctuary in a labor of love that elevates it far beyond the ordinary. Throughout the home, designer-appointed spaces showcase an extraordinary eye for detail—steel framed doors and windows, handcrafted tile work, warm oak flooring, and rich materiality weave a narrative of understated luxury. From the moment you enter through the arched wooden doorway, you are enveloped in a world of curated beauty, where reworked spaces enhance livability and flow, creating a sense of spaciousness while preserving intimacy in every room. At the heart of it all, the showpiece kitchen stuns with its custom millwork, marble countertops, and a statement-making La Cornue range—a dream for culinary enthusiasts and design lovers alike. An exceptionally well-organized pantry—complete with a built-in refrigerator, coffee station, and ample shelving—adds both convenience and luxury. Disappearing doors erase the boundary between indoors and out, allowing for seamless entertaining that spills onto the resort-like backyard. Here, a sun-drenched pool, covered loggia with fireplace, a fully equipped barbecue station and putting green invite long afternoons spent under the sky. Privately positioned, the primary suite is a true retreat. A cozy fireplace, soft, neutral textures and a romantic balcony create a serene atmosphere. The spa-inspired primary bath is nothing short of breathtaking—a freestanding soaking tub, framed by floor-to-ceiling drapes, handcrafted tiles, glass encased shower and dual vanities complete the experience. The expansive boutique-style closet features integrated lighting, custom shelving, and a built-in coffee bar and beverage fridge, elevating everyday luxury. Each of the home’s additional bedrooms and bathrooms are an experience of their own (two of which share the second of level with the master) - each with its own unique identity and a cohesive sense of warmth. A sophisticated office/lounge with rich dark cabinetry, a built-in bar, and dramatic lighting offers the perfect retreat for work or relaxation. Also, of notable mention are the two casitas, oversized laundry room and 4-car garage. Shady Canyon amenities include two guard gates, pickleball and tennis, pool and spa, barbecue area and recreation room.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017