1408 Silverbrook Avenue
About This Property
Welcome to 1408 Silverbrook Avenue Nestled in a quiet, picturesque Niles neighborhood and just moments from Thomas Memorial Stadium, this charming two-story home offers an ideal blend of classic character and future potential. Originally built with 2 main-floor bedrooms, this 1,300 sq ft home also offers a generous 15 × 32 upstairs bonus room, perfect for conversion into a 3rd bedroom, home office, or hobby space. A full bathroom on the main floor keeps things convenient. You'll also enjoy main-floor laundry for everyday ease. The kitchen has been refreshed with new cabinetry, a center island, and a built-in dishwasher. All appliances included in the sale.
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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%.
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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.
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 |
|---|---|---|---|
| Apr 25, 2026 | In contract | - | |
| In contract | |||
| Apr 1, 2026 | No longer available | - | |
| No longer available | |||
| Apr 1, 2026 | Listed by eXp Realty LLC | $158,900 | |
| Listed by eXp Realty LLC | |||
| Jan 2, 2026 | No longer available | - | |
| No longer available | |||
| Jan 1, 2026 | Listed by eXp Realty LLC | $158,900 | |
| Listed by eXp Realty LLC | |||
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** SELLERS ARE OFFERING A $5,000 CREDIT TOWARDS ANY MINOR REPAIRS and/or upgrades.**
Welcome to 1408 Silverbrook Avenue Nestled in a quiet, picturesque Niles neighborhood and just moments from Thomas Memorial Stadium, this charming two-story home offers an ideal blend of classic character and future potential. Originally built with 2 main-floor bedrooms, this 1,300 sq ft home also offers a generous 15 × 32 upstairs bonus room, perfect for conversion into a 3rd bedroom, home office, or hobby space. A full bathroom on the main floor keeps things convenient. You'll also enjoy main-floor laundry for everyday ease. The kitchen has been refreshed with new cabinetry, a center island, and a built-in dishwasher. All appliances included in the sale. Many of the major systems have been upgraded -- including a professionally installed water heater, high-efficiency furnace with humidifier, and an updated electrical panel. Sitting on a 0.16-acre lot (approximately 6,970 sq ft), the property offers a fenced in backyard. Newish Amish shed included makes great for outdoor
storage and gardening tools. All loan types will be considered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017