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2607 PIEDMONT AVE
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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%.
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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.
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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 |
|---|---|---|---|
| May 11, 2022 | No longer available | - | |
| No longer available | |||
| Apr 27, 2022 | Listed by Keller Williams Realty | $2,495,000 | |
| Listed by Keller Williams Realty | |||
| | |||
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David Gunderman - 510-205-4369 - In the heart of the Elmwood, steps from UC Berkeley, 2607 Piedmont is a gorgeously remodeled 4+BD/3BA, 2614 sq ft Colonial Revival, with high ceilings, large windows, and gleaming hardwood floors. Features include a formal dining room with period built-in hutch and an amazing chef’s kitchen with a sunny sitting area at one end and charming breakfast room at the other - both with access to the verdant rear yard where a redwood deck and deep lawn provide an excellent space for outdoor entertaining. Upstairs, the primary suite is an expansive retreat with an office/sitting area and a luxurious bath with walk-in shower and dual-sink vanity. Three additional bedrooms share a generous split bath with walk-in shower and vintage-style soaking tub. On the lowest level, the finished basement might serve as a rec room, and the private entrance suggests the possibility of an in-law/au pair suite. Additional amenities include a laundry room with storage, a long driveway, and large storage area. The manager has listed the unit size as 2614 square feet.
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| Jun 18, 2014 | Sold | ||
| Sold | |||
| May 14, 2014 | Listed by THE GRUBB CO. INC. | $1,295,000 | |
| Listed by THE GRUBB CO. INC. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017