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1138 Ocean Avenue 8GBrooklyn, NY 11230

For Sale

$865,000

Smart Buyer Rebate $9,125

Penthouse Living at The Waterfalls - Ditmas Park/Midwood, Brooklyn
This top-floor two-bedroom residence at 1138 Ocean Avenue offers private outdoor space accessible from every room. A wraparound terrace connects both bedrooms, plus a third terrace off the living room - resort-style outdoor living rarely found in the city.

Light pours in through multiple exposures throughout the day, and the top-floor position means no one overhead.
The open-concept living space includes a designated dining area and a large custom closet. The kitchen features a prep-and-entertain island and stainless steel appliances, including a dishwasher. An in-unit washer/dryer adds everyday convenience.
Both bedrooms are generously sized with ample closet space - and each one walks directly out to your own private terrace.
Deeded parking included in a underground garage.

The Waterfalls Condominium is a full-service, pet-friendly building with a part-time doorman (8am-8pm), live-in resident superintendent, fitness center, resident lounge, The landscaped courtyard and playroom just went through a beautiful renovation for you to enjoy. The building carries a 421a tax abatement, keeping carrying costs favorable for years to come.
Located in Ditmas Park/Midwood, the building is a short distance from the Q train at Cortelyou Road, Beverley Road, and Newkirk Plaza, putting Manhattan within easy reach via express service. Prospect Park sits just to the north, and the Cortelyou Road retail corridor brings cafes, restaurants, and shops close by. A rare combination of a full-service building and one of Brooklyn's most established, tree-lined neighborhoods.

Listed by Laurie M Savino

·

Corcoran Group

·

(718) 309-4054

Last updated October 24, 2026

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Source: REBNY #RLS20111516

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodMidwood Park
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu64
  • HOA/Maint. Fees$931/month
  • Size899 sqft
  • Price per sqft$962

Amenities

  • Private Outdoor Space
  • Parking

Location

Mortgage Calculator

Listing History

10/08/2026
Price Decreased
$865,000
08/28/2026
Listed by Corcoran Group
$899,000
  1. 10/08/2026$865,000
    Price Decreased
  2. 08/28/2026$899,000
    Listed by Corcoran Group

Estimated Closing Costs

Attorney Fees
$4,000
Title Insurance
$3,893
Bank Attorney
$1,500
Mortgage Recording Tax
$14,986
Other Closing Costs
$4,000
Total
$28,379

Estimated closing costs are based on the list price of $865,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1138 Ocean Avenue 8G

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $931.00 Monthly

Exterior

Construction

  • Number Of Units Total: 68
  • Stories Total: 7
  • Structure Type: High Rise
  • Year Built: 2007
  • Building Name: THE WATERFALLS
  • Entry Level: 8

Features

  • Building Features: Elevator(s)
  • Patio And Porch Features: Wrap Around, Balcony
  • View: City

Financial

Taxes

  • Parcel Number: 05240-1117

Interior

Measurements

  • Living Area: 899
  • Living Area Units: SquareFeet

Rooms

  • Has Basement: Yes
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Rooms Total: 4

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Ditmas Park
  • Tax Block: 05240
  • Tax Lot: 7501

Parking

Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Garage

Utilities

Equipment

  • Laundry Features: Washer Hookup, In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 1 bathroom in this condo at 1138 Ocean Avenue 8G.

Does this condo have parking?

Yes, there is 1 parking space available for 1138 Ocean Avenue 8G.

How does 1138 Ocean Avenue 8G compare to other condos in Midwood Park?

This condo is listed 0% below the average price for condos in Midwood Park and has been on the market for 37 more days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the The Waterfalls building.

What is the square footage on this condo?

According to the MLS, this listing is 899 sqft.

1138 Ocean Avenue 8G is a 2-bedroom, 1-bath condo for sale in Brooklyn NY 11230. On Prevu for 64 days at $865,000. This includes a recent price decrease of $34,000. This residence features 899 square feet of living space, located in Brooklyn. The median listing price for condos in this area is $3,500,000. Property amenities include private outdoor space and parking. Explore more condo listings in Brooklyn.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.