#L3591519, Listing office: EXP Realty
$649,000 List price
518 E 40th St Brooklyn, NY 11203
3 beds
1 full, 1 partial
1,280 sqft
$507 / sqft
House
Property details
About 518 E 40th St
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!
Highlights
Home typeSingle Family Residence
HeatingSteam, Oil
StatusActive
Size1,280 sqft
BasementYes
Year built1920
Parking2 Spaces,Detached Garage, Shared Drive
MLS #494065
FireplaceStove
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Refrigerator, Stove
- Basement: Yes
- Flooring Type: Hardwood
- Fireplace: Stove
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: 2 Spaces,Detached Garage, Shared Drive
- Architectural Style: Duplex
- Heating: Steam, Oil
- List Price: $649,000
- Price/SqFt: $507
- Annual Tax Amount: $5,235
- Tax Year: 2024
- Year Built: 1920
- Stories: 2
- Living Area: 1,280 SqFt
- MLS Number: 494065
- Office Name: Jabour Realty Company
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/31/2025, 4:45:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $42,000 | $5,235 |
| 2023 | $43,260 | $4,895 |
| 2021 | $37,200 | $3,907 |
| 2019 | $33,180 | $1,995 |
| 2018 | $23,480 | $1,611 |
| 2017 | $22,152 | $1,468 |
History based on county public records data.
Nearby schools
5
P.S. 198 Brooklyn
Public Magnet PK-5
0.4 mi
•4105 Farragut Rd
7
P.S. 208 Elsa Ebeling School
Public District PK-5
0.5 mi
•4801 Avenue D
3
P.S. 361 East Flatbush Early Childhood School
Public District KG-2
0.6 mi
•1957 Nostrand Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $96,875. Typical income of Brooklyn, NY residents is between $100k-200k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
16%
<35k
36%
35k-100k
43%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
37%
Single, No Kids
14%
Single, with Kids
33%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
8%
12-17 yrs old
19%
18-34 yrs old
45%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Art Museums
Pro Boxing
Where do the neighbors shop?
Nordstrom Rack
Bloomingdales
IKEA
Where do the neighbors go to eat?
The Cheesecake Factory
Starbucks
Quiznos
What do the neighbors drive?
Volvo
Audi
Lexus
What do the neighbors listen to?
News
Soft Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
#494102, Listing office: Century 21 Achievers
#883209, Listing office: NY Homes Realty Group LLC
#489464, Listing office: Century 21 Achievers
#807781, Listing office: Citizens International Realty
#492504, Listing office: Ashford Homes LLC
#492921, Listing office: Kingsview Realty Corp.
#885696, Listing office: EXP Realty
#877271, Listing office: EXP Realty
#493855, Listing office: BHHS Fillmore R.E.
Frequently asked questions
About 518 E 40th St
The listing price of 518 E 40th St property is $649,000.
The property 518 E 40th St is a house located in Brooklyn, New York, 11203.
Active Listing: 518 E 40th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 518 E 40th St are: P.S. 198 Brooklyn (GreatSchools Rating 5/10), P.S. 208 Elsa Ebeling School (GreatSchools Rating 7/10), P.S. 361 East Flatbush Early Childhood School (GreatSchools Rating 3/10), P.S. 181 Brooklyn (GreatSchools Rating 5/10), Central Brooklyn Ascend Charter School (GreatSchools Rating 8/10), P.S. 109 Brooklyn (GreatSchools Rating 4/10), Kurt Hahn Expeditionary Learning School (GreatSchools Rating 1/10), Cultural Academy for the Arts and Sciences (GreatSchools Rating 3/10), It Takes a Village Academy (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $5,235 (source: MLS/based on county public records data).
The property at 518 E 40th St has 3 bedrooms and 1 full and 1 half bathrooms.
The property 518 E 40th St is 1,280 SqFt (source: MLS/tax record).
The year of construction for 518 E 40th St is 1920.
This home is located at 518 E 40th St in Brooklyn, NY and zip code 11203 in the Farragut neighborhood. This 1,280 square foot home was built in 1920. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 9, 2025 and is currently priced at $649,000.
Over 44 listings were sold over their listed price in June 2025 in Brooklyn, NY. In the same period over 155 listings were sold below the listed price and 293 listings were sold for the listed price. The number of listings in Brooklyn, NY decreased by 5% between May and June 2025. Listings spent 92 days on the market in June 2025, and had a median list price of $1,019,077 during the same period.
From Rocket Homes Real Estate and based on county public records data.