148 E 40th St, Brooklyn, NY 11203
Property image
Property image
OFF MARKET

148 E 40th St
Brooklyn, NY 11203

East Flatbush
  • Studio
  • 1 Bath
  • 4,200 sqft

$759,400

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $4,303/mo*
Refinance Your Home

$759,400

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $4,303/mo*
Refinance Your Home
Studio
1 Bath
4,200 sqft

Local Information

  • Map ViewExplore the area around 148 E 40th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Townhouse
Year Built
1920
Living Area
4,200 sqft
Price/Sqft
$181

About this House

The John W. Allen Stable is one of the most historic and iconic buildings in Manhattan. Built in 1871 by Charles E. Hadden as a private stable for successful broker, Jonathan W. Allen, this remarkable building is available for the first time in years, and primed for a restaurant concept.

Enter through original mahogany double doors to soaring 18 foot ceilings, exposed brick and exquisite original detail. The buildings exposed brick and wood beamed ceilings have been preserved over the years, offering the unique opportunity to create a restaurant concept around the stables remarkable architectural attributes. Totaling 4,200 square feet, the ground floor is completed by two staircases, access to a full basement, and the potential to add a wall of windows on the buildings eastern wall. Featuring beautiful arched windows and a skylight, the second-floor spans across 1600 square feet, has an existing bathroom and lends itself perfectly for a fine dining experience. There is also the potential for a roof deck opportunity.

Bring your vision to this exquisite Landmark to repurpose one of New Yorks most treasured buildings. Composed with a variety of architectural styles, the stables picturesque facade is created by a stunning slate-shingled mansard roof with bold pedimented dormers, contrasting limestone and brickwork, a bracketed iron cornice, mahogany paneled doors and topped with a marvelous iron cresting in a scroll design.

Located between Lexington and Third Avenues, The John W. Allen Stable is the perfect location to recreate old-world charm and a fine-dining experience. Preliminary proposals have been submitted to the LPC and the lease term is 10-15 years. To learn more about this truly unique opportunity including current proposals, please inquire for a full set-up.
148 E 40th St, Brooklyn, NY 11203 is a studio, 1 bathroom, 4,200 sqft townhouse in East Flatbush, built in 1920. More recently, it was listed as a rental in February 2018 with an asking price of $40,000 per month. That rental listing was removed on February 28, 2018. It is currently off market. The Trulia Estimate is $759,400, with a rent estimate of $3,522/month.

Home Details for 148 E 40th St

Interior Features

Levels, Entrance, & Accessibility
Stories: 2

Property Information

Year Built
Year Built: 1920Year Updated: 1920
Property Type / Style
Property Type: Townhouse

Community

Units in Building: 1

Lot Information

Lot Area: 2000 sqft

Price History for 148 E 40th St

DatePriceEventSource
02/28/2018$40,000ListingRemovedAgent Provided
02/01/2018$40,000Listed For RentAgent Provided

Market trends in New York

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$767K
$4.33KMoM
Sale-to-List Price
97.9%
0.1%MoM
Price per sq ft
$653
$10MoM
Available listings
18631
48MoM
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Property Tax and Assessment

Year2025
Tax$5,946
Assessment$692,000
Home facts updated by county records

Comparable Sales for 148 E 40th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
220 Lincoln Rd, Brooklyn, NY
1.00
Townhouse
$1,350,000
10/30/25
3
2
2,919
259 Winthrop St, Brooklyn, NY
0.68
Townhouse
$2,520,000
03/04/26
4
8.5
1,838
265 Albany Ave, Brooklyn, NY
1.35
Townhouse
$1,000
01/29/26
3
1
3,527
2311 Cortelyou Rd, Brooklyn, NY
0.94
Townhouse
$920,000
03/18/26
5
3
2,400
189 Crown St, Brooklyn, NY
1.25
Townhouse
$2,040,000
09/10/25
4
2
2,400
3014 Glenwood Rd, Brooklyn, NY
1.31
Townhouse
$2,550,000
04/03/26
8
2
2,280
912 Sterling Pl, Brooklyn, NY
1.45
Townhouse
$1,300,000
12/11/25
5
2
2,576
1393 Park Place, Brooklyn, NY
1.50
Townhouse
$940,000
08/20/25
6
2
2,240
589 E 83rd St, Brooklyn, NY
1.57
Townhouse
$863,000
10/24/25
4
2
1,800
726 Saratoga Ave, Brooklyn, NY
1.47
Townhouse
$600,000
04/24/26
3
2
1,116

Nearby homes

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Assigned Schools

These are the assigned schools for 148 E 40th St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

East Flatbush
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Flatbush

At least 1261 Trulia users voted on each feature.

  • 91 % Say it's walkable to grocery stores

  • 91 % Say there are sidewalks

  • 79 % Say it's walkable to restaurants

  • 78 % Say streets are well-lit

  • 73 % Say it's dog friendly

  • 65 % Say yards are well-kept

  • 58 % Say people would walk alone at night

  • 58 % Say kids play outside

  • 57 % Say there's holiday spirit

  • 51 % Say they plan to stay for at least 5 years

  • 50 % Say neighbors are friendly

  • 44 % Say car is needed

  • 44 % Say there are community events

  • 41 % Say it's quiet

  • 36 % Say parking is easy

  • 26 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Cindyreneem12
    "My neighbor is Flatbush area. You’ll be able to find transportation easily. There’s buses, trains, citi bikes, cabs and dollar cabs"
    0
    Flag
  • Trulia User
    "Lovely community that keeps on grounded. The garbage streets is improved as it seems more landlords are cleaning the street but there are spots that remain gross especially adjacent to empty lots or building construction areas. Most people are friendly to newcomers. Prospect park is a huge asset. I am impressed and pleased that NYC is taking care of and improving the park especially south of Lincoln ave. "
    0
    Flag
  • Will Thompson
    "It depends on the time of day but for the most part it’s smooth. Centrally located from banks, major shopping and the subway "
    0
    Flag
  • Vaina Cayo-Augustin
    "Block party annual gatherings. Parties as everyone is familiar with everyone, neighborhood are safe and neighbors are nice"
    0
    Flag
  • Barbara J
    "excellent commute great restaurants and parks & Brooklyn museum 👍 im looking to move back to neighborhood looking for two bedroom building with elevator. My grandmother live in neighborhood for 55 years have an auntie that still live in neighborhood. "
    0
    Flag
  • Slowttt
    "Dogs are here, but no dog parks are readily available in the neighborhood. You have to travel a good distance to get to a dog park."
    0
    Flag
  • Dionne Franco-williams
    "Pretty safe area where children can play and travel to school on their own. Fairly clean sidewalks and friendly neighbors."
    0
    Flag
  • Swb8hyjqdh
    "Great neighborhood walking distance from parks, schools , grocery store ,doctor’s office etc. Family oriented."
    0
    Flag
  • Felicia Cummings
    "Nothing really. The neighborhood is a friendly neighborhood for dogs and their owners. A lot of space"
    0
    Flag
  • Therevolution1985
    "What it represents first off it’s Brooklyn Ny the biggest borough ,most known Globally, and it just elevates the passion you show when referencing where you from and it’s the home of biggie smalls "
    0
    Flag
  • Affection Johnson
    "What makes this neighborhood unique is that no matter what you need you definitely could find it it’s all type Of stores for whatever you need .This area is also great as far as transportation the bus and train is within walking distance "
    1
    Flag
  • CRYSTAL RAHMING
    "Everyone is very friendly and I get along with everyone in the community we have block parties and they be very nice everyone is just nice been living in the same house for 30 years "
    1
    Flag
  • Nancy Augustin
    "I’m here will with son just very vulnerable visiting appreciate aprt get paperwork new year 2025 thank heavens help bless do it "
    12
    Flag
  • Trulia User
    "Everyone has respect for each other, and the community knows when to shut down the music. I don't think that I should be forced to expand on the matter."
    4
    Flag
  • Trulia User
    " nice neighborhood , well manners and stores are nearby. Also transportation is near by. schools are also nearby"
    2
    Flag
  • Trulia User
    " Nothing to dislike about the neighborhood.it is safe to walk your dog anytime of day. The are is generally safe."
    3
    Flag
  • Trulia User
    "You see people walking their dogs all the time however they aren’t any dog parks near by which makes it a lot harder "
    4
    Flag
  • Trulia User
    "There some small parks and prospect park is an option for longer walks but there are some people who have dogs off leash"
    1
    Flag
  • Trulia User
    "its quite safe people looking out clean sidewalk, clean neighborhood, churches, school busses fruit stand safe fir kids to walk mostly elderly live not much young folks they grew older now "
    3
    Flag
  • Trulia User
    "Local park events during the summer. YMCA, Aviators, Brooklyn College programs, shopping and transit accessibility. "
    2
    Flag
  • Trulia User
    "The people in the neighborhood the surrounding streets And the stores that surround their playgrounds ounce church's laundry places to take the children"
    1
    Flag
  • Trulia User
    "My neighborhood is a great area to raise your kids and walk your dog . Everyone is mostly friendly or stay to themselves "
    0
    Flag
  • Trulia User
    "I've lived in the neighborhood for a year, quite and friendly neighbours. Great environment, peaceful and clean "
    7
    Flag
  • Trulia User
    "They would like everything. The community is a paradise to live in.if you are fortunate to live here your lucky "
    0
    Flag
  • Trulia User
    "People are very friendly and help others in the community. It’s a great and a loving neighborhood. Everyone are very welcome here. "
    0
    Flag
  • Trulia User
    "Great neighborhood …not too much activity and not too little. A good medium. I would advise any family settings to go and live here "
    0
    Flag
  • Trulia User
    "Central to all necessities (transportation, parks, shopping, food, etc.). Most neighbors are friendly. "
    3
    Flag
  • Trulia User
    "Great transportation accessibility. There are buses and trains close by. There are buses that take you directly to manhattan."
    0
    Flag
  • Trulia User
    "Walking distance to shopping and grocery. Many activities in the summer time. Close to prospect park with lots of fun activities for kids."
    0
    Flag
  • Trulia User
    "It’s a good school area walking distance to corner stores and food stores well lit areas and quiet neighborhood "
    0
    Flag
  • Trulia User
    "gentrification is underway so maybe it'll be more safer, new buildings are popping up but with these changes, it will be more expensive. schools and amenities to make the neighborhood more kid-oriented might take awhile"
    0
    Flag
  • Trulia User
    "There are a lot of public parks to walk your 4-legged bestie. Since many people own dogs everyone takes care to pick up after them. The one thing that a dog owner might not like is that the area is very flat. So there isn’t very challenging terrain."
    1
    Flag
  • Trulia User
    "I only come out for necessities ,nice shopping area and great transportation hub.Great schools but not so friendly. "
    0
    Flag
  • Trulia User
    "I lived in this neighborhood for 9 years. Friendly neighborhs clean streets and sidewalks. very quiet."
    2
    Flag
  • Trulia User
    "Long-standing homeowners, close knit community. Elderly neighbors watch out for kids. Safe streets, lots of good, inexpensive takeout."
    0
    Flag
  • Trulia User
    "I’ve been living in this area for over 8 years and I like the fact that there are trees. More homes than buildings "
    0
    Flag
  • Trulia User
    "Carnival each Labor Day is celebrated by this majority West Indian community. Noise levels are high."
    0
    Flag
  • Steve P.
    "Sometimes at the park they have festival and park party. This will make people meet other people in the neighborhood "
    13
    Flag
  • Alyssadams21
    "Nothing really Maybe the parks, there is wimbate park where we go to run have picnics , exercise , And on church avenue there lots of Caribbean spots"
    0
    Flag
  • Dwayne M.
    "Block parties are really big during the summer. Also we are close to the 2 and 5 train which gets you into manhattan in 30 minutes. "
    0
    Flag

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Homes for sale near 148 E 40th St

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Off Market Homes Near 148 E 40th St

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Frequently asked questions about 148 E 40th St

  • What is 148 E 40th St estimated to be worth?
    Trulia's estimated value for 148 E 40th St in Brooklyn, NY is $759,400.
  • Is Brooklyn a buyer's or seller's market?
    Brooklyn is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Brooklyn?
    The median sale price in Brooklyn is $767K. That is up $4.33K from the prior month.
  • What do residents say about the East Flatbush neighborhood?
    Residents describe the East Flatbush neighborhood in Brooklyn, NY as walkable to grocery stores, pedestrian-friendly, and walkable to restaurants. See recently sold homes in East Flatbush, Brooklyn.