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Sold for $636,000
  • $636,000

    518 E 40th St, Brooklyn, NY 11203

    3beds
    1,280sqft
    Single Family Residence
    Built in 1920
    2,000 Square Feet Lot
    $638,600 Zestimate®
    $497/sqft
    $4,616 Estimated rent

    Home value

    $638,600

    $588,000 - $690,000

    $4,616/mo

    Zestimate® history
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    What's special

    Detached garageGenerously sized bedroomsSpacious bedroomsTraditional layoutShared drivewayWarm inviting atmosphere
    Welcome to a classic Brooklyn gem nestled in the heart of East Flatbush. This solidly built single-family home offers 3 spacious bedrooms, 1 full bathroom, and an unfinished basement – all brimming with opportunity for customization and personal touch. Enter inside and discover the charm of traditional layout and natural light throughout. The living and dining areas provide a warm, inviting atmosphere, perfect for gatherings or quiet evenings at home. Upper level, three generously sized bedrooms offer comfortable living space for family or guests. The home features oil heat, a shared driveway, and a detached garage – a rare find in this neighborhood. While the property does need some TLC, it’s a fantastic canvas for investors, first-time buyers, or anyone ready to create their dream home. Situated in a vibrant, well-established East Flatbush community, this home is close to schools, parks, shopping, and public transportation. Enjoy easy access to the B46 and B8 buses, as well as nearby subway lines that connect you to downtown Brooklyn and Manhattan. Local amenities, cultural institutions, and healthcare centers like SUNY Downstate Medical Center are just minutes away. Don't miss your chance to own a piece of Brooklyn real estate with incredible potential. Schedule your private showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Asmar 917-337-3329,

    Jabour Realty Company,

    Wade Jabour 718-748-1800,

    Jabour Realty Company

    Source: BNYMLS,MLS#: 494065MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Oil, Steam/Radiator
    Appliances
    • Included: Refrigerator, Stove, Oil Water Heater
    Features
    • Flooring: Hardwood
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 1,280
    • Total interior livable area: 1,280 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Shared Drive, 2 Spaces, Detached Garage
    • Has garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    Lot
    • Size: 2,000 Square Feet
    • Dimensions: 20x100
    • Features: Back Yard
    Details
    • Foundation area: 576
    • Parcel number: 049560020
    • Zoning: R4
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Materials
    • Siding
    • Foundation: Concrete Perimeter
    • Roof: Pitched
    Condition
    • Year built: 1920

    Utilities & green energy

    • Electric: Circuit Breakers

    Community & HOA

    Community
    • Subdivision: Brooklyn
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $497/sqft
    • Tax assessed value: $651,000
    • Annual tax amount: $5,340
    • Date on market: 7/9/2025
    • Cumulative days on market: 41 days

    Price history

    DateEventPrice
    12/31/2025Sold$636,000-2%$497/sqft
    Source: BNYMLS #494065 Report a problem
    8/19/2025Pending sale$649,000$507/sqft
    Source: BNYMLS #494065 Report a problem
    7/21/2025Price change$649,000-7%$507/sqft
    Source: BNYMLS #494065 Report a problem
    7/9/2025Listed for sale$698,000$545/sqft
    Source: BNYMLS #494065 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,972 -0.5%$39,060 -7%
    2024$5,999 $42,000 -2.9%
    2023-- $43,260 +11.8%
    2022-- $38,700 +4%
    2021-- $37,200 +24.5%
    2020$1,995 +1%$29,880
    2019$1,975 -59.8%$29,880 +27.3%
    2018$4,912 +8.8%$23,480 +6%
    2017$4,516 +217.5%$22,152 +6%
    2016$1,422 $20,901
    2015$1,422 +73.1%$20,901 +0.8%
    2014$821 $20,740 +6%
    2013-- $19,567 +6%
    2012-- $18,460 +6%
    2011-- $17,418
    2010-- $17,418 +0.8%
    2009-- $17,284 +6%
    2008-- $16,306 +6%
    2007-- $15,384 +6%
    2006-- $14,515
    2005-- $14,515 +0.8%
    2004-- $14,404 +6%
    2003-- $13,589 +6%
    2002-- $12,820 +6%
    2001-- $12,096
    2000-- $12,096
    Find assessor info on the county website

    Neighborhood: East Flatbush

    Nearby schools

    GreatSchools rating