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Apartment
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About this House
Discover cozy city living in this delightful studio apartment at 54 E 40th St. Nestled in a well-maintained house, this basement unit offers a smart layout, perfect for maximizing space and comfort. Enjoy an open-plan living area, a well-equipped kitchenette. Conveniently located near public transportation and local amenities, this studio is an ideal urban retreat. Don't miss the chance to make this charming space your new home!
54 E 40th St #1, Brooklyn, NY 11203 is a studio, 1 bathroom apartment in East Flatbush. More recently, it was listed as a rental in August 2024 with an asking price of $1,600 per month. That rental listing was removed on August 28, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $2,032/month.
Home Details for 54 E 40th St #1
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Property Type / Style Property Type: Apartment |
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Lease Term: Contact For DetailsAvailable: now |
Comparable Sales for 54 E 40th St #1
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.35 | Apartment | $650,000 | 11/17/25 | 3 | 1 | 3,800 sqft | |
0.47 | Apartment | $995,000 | 09/22/25 | 3 | 1.5 | - | |
0.50 | Apartment | $1,355,000 | 09/19/25 | 3 | 2 | 2,520 sqft | |
0.88 | Apartment | $1,355,000 | 11/25/25 | 3 | 1 | 2,220 sqft | |
0.91 | Apartment | $569,000 | 09/19/25 | 1 | 1 | 635 sqft | |
0.92 | Apartment | $1,200,000 | 03/24/26 | 2 | 1 | 2,040 sqft | |
1.00 | Apartment | $1,300,000 | 12/17/25 | 1 | 1,000 sqft | ||
0.80 | Apartment | $3,800,000 | 10/06/25 | 3 | 2 | - | |
1.07 | Apartment | $1,900,000 | 10/06/25 | 1 | 1 | 1,654 sqft | |
0.79 | Apartment | $1,700,000 | 10/27/25 | 2 | 2.5 | 1,504 sqft |
Home facts updated by county records
Nearby homes
Get a sense of prices in the area by checking nearby homes.Rental Market Trends in Brooklyn
Last updated Sep 2026
Trulia Rent Estimate$2,032/mo
Average rent
$3.7K
$50MoM
Available listings
16913
Around this home
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 28, 2024 Source: Zillow Rentals | ListingRemoved | $1,600 |
Aug 20, 2024 Source: Zillow Rentals | Listed For Rent | $1,600 |
May 17, 2024 Source: Zillow Rentals | ListingRemoved | |
May 10, 2024 Source: Zillow Rentals | Listed For Rent | $3,000 |
Feb 22, 2022 Source: StreetEasy | ListingRemoved | |
Feb 4, 2022 Source: StreetEasy | Listed For Rent | $2,700 |
Feb 18, 2021 Source: StreetEasy | ListingRemoved | |
Feb 2, 2021 Source: StreetEasy | Listed For Rent | $2,600 |
Frequently asked questions about 54 E 40th St #1
- 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.
- 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.
- What are the closest schools to 54 E 40th St #1?The closest schools to 54 E 40th St #1 in Brooklyn, NY are Kurt Hahn Expeditionary Learning School (High, rated 8/10), Middle School of Media Law and Fine Arts (The) (rated 8/10), PS 235 Janice Marie Knight School (Pre-K/Elementary, rated 6/10).
Homes for rent near 54 E 40th St #1
Affordability
TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

