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

198 E 40th St
Brooklyn, NY 11203

East Flatbush
  • 8 Beds
  • 6 Baths
  • 4,160 sqft

$1,161,400

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $6,553/mo*
Refinance Your Home

$1,161,400

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $6,553/mo*
Refinance Your Home
8 Beds
6 Baths
4,160 sqft

Home Value

Trulia Estimate
$1.16M
Since last month
Decreased$23K (-2%)
Since last year
Decreased$79K (-6.3%)
Since last sale
Increased$468K (+66.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +52% in the last 10 years
MonthEstimated value
2026
August 2026$1.17M
July 2026$1.19M
June 2026$1.19M
May 2026$1.19M
April 2026$1.16M
March 2026$1.18M
February 2026$1.18M
January 2026$1.16M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
529 E 49th Street, Brooklyn, NY
0.37
Multi-Family Home
$1,160,000
12/16/25
8
4
3,706
952 Albany Ave, Brooklyn, NY
0.05
Multi-Family Home
$990,000
08/03/26
4
3
2,400
966 Troy Avenue, Brooklyn, NY
0.23
Multi-Family Home
$890,000
09/03/25
4
4
1,536
197 east 55 street, Brooklyn, NY
0.32
Multi-Family Home
$1,260,000
08/29/25
6
3
3,200
675 Lenox Rd, Brooklyn, NY
0.41
Multi-Family Home
$685,000
12/16/25
5
3
2,250
14 E 31st Street, Brooklyn, NY
0.46
Multi-Family Home
$800,000
09/22/25
7
3
2,080
186 E 32nd St, Brooklyn, NY
0.50
Multi-Family Home
$1,395,000
03/04/26
5
5
3,120
3916 Church Ave, Brooklyn, NY
0.02
Multi-Family Home
$10
04/03/26
8
3
3,000
267 Martense St, Brooklyn, NY
0.54
Multi-Family Home
$1,150,000
09/10/25
8
3
3,150
263 E 39th St, Brooklyn, NY
0.02
Multi-Family Home
$680,000
12/09/25
4
2
1,428

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
197 E 40th Street, Brooklyn, NY 11203
0.03
$1,165,700
6
4
3,600
Off Market
263 E 39th St, Brooklyn, NY 11203
0.02
$680,000
4
2
1,428
Recently Sold
4017 Church Ave, Brooklyn, NY 11203
0.07
$999,000
4
2
-
For Sale
3903 Church Ave, Brooklyn, NY 11203
0.06
$783,700
4
2
1,300
Off Market
166 E 40th St, Brooklyn, NY 11203
0.07
$930,400
4
2.5
2,080
Off Market
952 Albany Ave, Brooklyn, NY 11203
0.05
$990,000
4
3
2,400
Recently Sold
252 E 39th St #6FAM, Brooklyn, NY 11203
0.05
-
12
4
6,264
Off Market
334 39th St, Brooklyn, NY 11219
0.05
$1,550,000
-
-
-
For Sale
223 E 39th Street, Brooklyn, NY 11203
0.08
$1,102,900
5
2
-
Off Market
297 E 40th Street, Brooklyn, NY 11203
0.06
$927,400
4
2.5
-
Off Market
282 E 39th St, Brooklyn, NY 11203
0.06
$895,000
5
3.5
2,240
Off Market
972 Albany Ave, Brooklyn, NY 11203
0.07
$938,000
4
2.5
-
Recently Sold

Local Information

  • Map ViewExplore the area around 198 E 40th St.
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1931
Living Area
4,160 sqft
Price/Sqft
$279

About this House

Great Investment Opportunity! Huge New Contruction 3 Fam Semi-Det Brick home. New Construction (5 years yound) 3 br/3 br/2 br plus fin basement. Each apt has 2 baths and sep boilers. Private Parking for 2 cars .Laundry area in the bsmt. Private Backyard. Owner has a chance to live rent free. Currently tenant occupied. Close to Shopping and Transportation.
198 E 40th St, Brooklyn, NY 11203 is a 8 bedroom, 6 bathroom, 4,160 sqft multi-family in East Flatbush, built in 1931. It last sold for $700,000 on Feb 12, 2016. It is currently off market. The Trulia Estimate is $1,161,400, with a rent estimate of $3,629/month.

Home Details for 198 E 40th St

Interior Features

Levels, Entrance, & Accessibility
Stories: 3

Property Information

Year Built
Year Built: 1931Year Updated: 1931
Property Type / Style
Property Type: Multi Family

Lot Information

Lot Area: 2000 sqft

Price and Tax history

DateEventPrice
Feb 12, 2016
Source: N/A
Sold
$700,000
May 1, 2014
Source: Agent Provided
ListingRemoved
$699,000
Oct 1, 2013
Source: Agent Provided
Listed For Sale
$699,000
Oct 19, 2010
Source: N/A
Sold
$655,000
Nov 4, 2009
Source: Agent Provided
ListingRemoved
$699,000

Market trends in New York

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$794K
$26.67KMoM
Sale-to-List Price
98.0%
0.1%MoM
Price per sq ft
$679
$26MoM
Available listings
17724
933MoM
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Around this home

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 neighbors are friendly

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

  • 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 198 E 40th St

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Off Market Homes Near 198 E 40th St

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Frequently asked questions about 198 E 40th St

  • What is 198 E 40th St estimated to be worth?
    Trulia's estimated value for 198 E 40th St in Brooklyn, NY is $1,161,400.
  • What is the price history for 198 E 40th St?
    198 E 40th St in Brooklyn, NY last sold for $700,000 in February 2016.
  • 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 $794K. That is up $26.67K from the prior month.