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

588 E 40th St
Brooklyn, NY 11203

East Flatbush
  • Studio
  • 1,344 sqft

$694,700

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,943/mo*
Refinance Your Home

$694,700

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,943/mo*
Refinance Your Home
Studio
1,344 sqft

Local Information

  • Map ViewExplore the area around 588 E 40th St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1930
Living Area
1,344 sqft
Price/Sqft
$517
Parking
Garage

About this House

HOT PROPERTY-REGULAR SALE-NEEDS TLC ! You must see this full detached 1 family two story home, both brick front and frame. It also features a finished basement, shared driveway, full size detached 2 Car Garage and Very Large Backyard in a peaceful area and great block in East Flatbush, Brooklyn. Inside features an entry area, formal living room, separate formal dining room and a kitchen that leads to the backyard and basement. Upstairs are three bedrooms and spacious full bath. Basement is finished and has laundry area. Also features redone roof only 5 years old, electric is 220 amps, original hardwood floors underneath the rugs and updated windows throughout.**Qualifications - Cash or Finance with conventional loan only. Call Now Before It's Gone - Exclusive Associate Broker, Rhonda Holt at 646-725-5941 or email HelpMeRhonda1919@Yahoo.com
588 E 40th St, Brooklyn, NY 11203 is a studio, 1,344 sqft single-family home in East Flatbush, built in 1930. It last sold for $335,000 on Mar 19, 2015. It is currently off market. The Trulia Estimate is $694,700, with a rent estimate of $4,422/month.

Home Details for 588 E 40th St

Interior Features

Levels, Entrance, & Accessibility
Stories: 2ElevatorFloors: Tile, Hardwood
Appliances & Utilities
Washer

Property Information

Year Built
Year Built: 1930Year Updated: 1930
Property Type / Style
Property Type: Single Family Home

Exterior Features

Parking & Garage
GarageParking: Garage Attached, Garage Detached

Community

Units in Building: 1

Lot Information

Lot Area: 2000 sqft

Price History for 588 E 40th St

DatePriceEventSource
03/19/2015$335,000Sold
N/A
01/29/2015$375,000PendingAgent Provided
01/29/2015$375,000PendingToActiveAgent Provided
12/27/2014$375,000PendingAgent Provided
12/27/2014$375,000Listed For SaleAgent 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
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2025
Tax$5,846
Assessment$744,000
Home facts updated by county records

Comparable Sales for 588 E 40th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4103 Foster Ave, Brooklyn, NY
0.14
Single-Family Home
$500,000
06/04/26
-
1,280
518 E 40th St, Brooklyn, NY
0.13
Single-Family Home
$636,000
12/31/25
3
1.5
1,280
3812 Clarendon Rd, Brooklyn, NY
0.18
Single-Family Home
$565,000
03/13/26
3
3
1,328
604 E 38th Street, Brooklyn, NY
0.10
Single-Family Home
$770,000
01/27/26
3
2
1,248
597 E 43rd St, Brooklyn, NY
0.19
Single-Family Home
$650,000
01/16/26
-
1,280
565 E 37th Street, Brooklyn, NY
0.19
Single-Family Home
$720,000
10/22/25
3
2
1,378
903 E 45th Street, Brooklyn, NY
0.33
Single-Family Home
$390,000
05/14/26
3
2.5
1,417
527 E 38th St, Brooklyn, NY
0.13
Single-Family Home
$900,000
06/24/26
4
1.5
1,536
4411 Foster Ave, Brooklyn, NY
0.27
Single-Family Home
$585,000
05/26/26
-
1,381
1235 Troy Ave, Brooklyn, NY
0.25
Single-Family Home
$610,000
08/19/25
3
2
1,216

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 588 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

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

9835 pet-friendly rentals in Brooklyn, NY

Explore by feature - Garage

506 rentals with a garage in Brooklyn, NY

Explore by feature - Air Conditioning

7718 rentals with air conditioning in Brooklyn, NY

Explore by feature - Pool

1795 rentals with a pool in Brooklyn, NY

Explore by feature - Washer/dryer

10255 rentals with a washer/dryer in Brooklyn, NY

Explore by feature - Outdoor Space

901 rentals with an outdoor space in Brooklyn, NY

Homes for sale near 588 E 40th St

Skip to last item
Skip to first item

Off Market Homes Near 588 E 40th St

Skip to last item
Skip to first item

Frequently asked questions about 588 E 40th St

  • What is 588 E 40th St estimated to be worth?
    Trulia's estimated value for 588 E 40th St in Brooklyn, NY is $694,700.
  • What is the price history for 588 E 40th St?
    588 E 40th St in Brooklyn, NY last sold for $335,000 in March 2015.
  • 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.
  • How big is the lot at 588 E 40th St?
    The lot at 588 E 40th St in Brooklyn, NY is about 0.05 acres (2,000 sq ft).
  • Does 588 E 40th St have a garage?
    Yes, 588 E 40th St in Brooklyn, NY has a garage.