Charles Farraj
Responds Quickly
Weichert Realtors 1st Premier
(646) 971-1880
18 Total Sales
1 in East Flatbush
$650,000 Price
518 E 40th St Brooklyn, NY 11203
East Flatbush NeighborhoodEstimated Value: $701,039
3
Beds
1.5
Baths
1,280
Sq Ft
$548/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Back Yard
- P.S. 198 Brooklyn Rated 9+
- Heating System Uses Steam
About This Home
As of December 2025Welcome 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!
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,340
Year Built
- Built in 1920
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
- Property is zoned R4
Home Design
- Poured Concrete
- Pitched Roof
- Siding
Interior Spaces
- 1,280 Sq Ft Home
- 2-Story Property
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Stove
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- 2 Car Detached Garage
- Shared Driveway
Utilities
- Heating System Uses Steam
- Heating System Uses Oil
- Oil Water Heater
Listing and Financial Details
- Tax Block 4956
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2025
Closed on
Jan 14, 2026
Sold by
Salma Israt Jahan
Bought by
Seller's Agent
Peter Asmar
Jabour Realty Company
Buyer's Agent
Peter Asmar
Jabour Realty Company
List Price
$698,000
Sold Price
$636,000
Premium/Discount to List
-$62,000
-8.88%
Views
43
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,039
Avg. Annual Appreciation
14.70%
Purchase Details
Closed on
Oct 24, 2025
Sold by
Paul Lagano As Trustee and The Grace M Lagano Trust
Bought by
Salma Israt Jahan
Purchase Details
Closed on
Jun 25, 2021
Sold by
Lagano Grace M
Bought by
Paul Lagano As Trustee Of The Grace Lag and The Grace Lagano Trust
Purchase Details
Closed on
Jun 22, 2021
Sold by
Lagano Anthony N and Lagano Grace M
Bought by
Lagano Grace M and Lagano Anthony N
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Flatbush, NY
-
Charles Farraj
-
Joseph DeVito
Joseph DeVito
BHHS Fillmore R.E.
(877) 719-3170
43 Total Sales
3 in East Flatbush
$260K - $910K Price Range
-
Vincent Koo
Vincent Koo
EXP Realty
(929) 552-9370
94 Total Sales
1 in East Flatbush
$920,000 Price
-
Lisa Boncich
Lisa Boncich
Signature Premier Properties
(631) 778-7973
54 Total Sales
1 in East Flatbush
$750,000 Price
-
Richard Krug
Richard Krug
Coldwell Banker American Homes
(516) 400-4970
171 Total Sales
2 in East Flatbush
$725K - $750K Price Range
-
Kenneth Trestka
Kenneth Trestka
Ken Trestka Real Estate Inc
(934) 223-2833
88 Total Sales
1 in East Flatbush
$650,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | ||
| Salma Israt Jahan | $636,000 | -- | |
| Paul Lagano As Trustee Of The Grace Lag | -- | -- | |
| Lagano Grace M | -- | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/31/2025 12/31/25 | Sold | $636,000 | -2.0% | $497 / Sq Ft |
| 07/21/2025 07/21/25 | Price Changed | $649,000 | -7.0% | $507 / Sq Ft |
| 07/09/2025 07/09/25 | For Sale | $698,000 | -- | $545 / Sq Ft |
| 07/09/2025 07/09/25 | Pending | -- | -- | -- |
Source: Brooklyn Board of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,760 | $44,460 | $12,420 | $32,040 |
| 2025 | $5,235 | $39,060 | $12,420 | $26,640 |
| 2024 | $5,235 | $42,000 | $12,420 | $29,580 |
| 2023 | $5,063 | $43,260 | $12,420 | $30,840 |
| 2022 | $1,994 | $38,700 | $12,420 | $26,280 |
| 2021 | $1,980 | $37,200 | $12,420 | $24,780 |
| 2019 | $1,944 | $29,880 | $12,420 | $17,460 |
| 2018 | $1,734 | $23,480 | $10,873 | $12,607 |
| 2017 | $1,612 | $22,152 | $10,445 | $11,707 |
| 2016 | $1,468 | $20,901 | $11,180 | $9,721 |
| 2015 | $821 | $20,901 | $12,326 | $8,575 |
| 2014 | $821 | $20,740 | $12,231 | $8,509 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Asmar
PA
Seller's Agent in 2025
Peter Asmar
Jabour Realty Company
(718) 748-1800
1 in this area
15 Total Sales
-
Wade Jabour
Seller Co-Listing Agent in 2025
Wade Jabour
Jabour Realty Company
(917) 399-2085
1 in this area
156 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 494065
APN: 04956-0020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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