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1620 Ave I 502Brooklyn, NY 11230

For Sale

$439,000

Smart Buyer Rebate - Ask

THE WATERFALL APARTMENTS - 1620 Avenue I, Apt. 502 A Prewar Garden Residence with Private Terrace Discover an exceptional offering within one of Midwood's most distinctive and coveted cooperative communities - The Waterfall Apartments, a serene, park-like enclave known for its lush grounds, architectural charm, and tranquil ambiance. Tucked behind beautifully landscaped gardens, this elegant prewar Junior-4 residence delivers a rare combination of classic character, modern comfort, and private outdoor living. From the moment you arrive, the property sets itself apart. A dramatic landscaped waterfall and koi pond create a breathtaking first impression, welcoming you home with a sense of calm rarely found in New York City. The grounds feel more like a private garden estate than a typical residential complex. Inside, this thoughtfully converted two-bedroom home features a gracious, flowing layout highlighted by timeless prewar details and generous proportions. A spacious dining foyer introduces the residence and leads to a striking sunken living room - a signature architectural element that adds depth, warmth, and understated sophistication. Oversized windows flood the home with natural light throughout the day, enhancing the airy, inviting atmosphere. A true highlight of the residence is the private terrace, offering a peaceful outdoor retreat ideal for morning coffee, quiet relaxation, al fresco dining, or enjoying spectacular sunset views in complete privacy. The renovated windowed kitchen is both refined and highly functional, featuring granite countertops, stainless steel appliances, and the convenience of dual sinks. Beautiful wood floors extend throughout the home, reinforcing its cohesive elegance. The generously sized primary bedroom includes wall-to-wall closets that provide exceptional storage, while the second bedroom offers flexibility for guests, a home office, or additional living space. A windowed full bathroom ensures natural light and ventilation, and the inclusion of an in-unit washer and dryer adds a level of everyday convenience seldom found in prewar cooperatives. The Waterfall Apartments offers a truly elevated residential experience defined by greenery, privacy, and classic design. Residents enjoy an elegant attended lobby with a part-time doorman, meticulously maintained grounds, a signature waterfall garden with koi pond, and an expansive private gated community garden filled with fruit and nut trees where residents may cultivate their own planting beds. A large private park reserved exclusively for shareholders provides a rare sense of space and tranquility within the city. On-site maintenance staff ensure attentive care of the property, while garage parking and storage are available via waiting list. The building is pet friendly (Board approval required), subletting is permitted after one year with board approval, and street parking in the immediate area is notably accessible for the neighborhood. Perfectly positioned for both serenity and convenience, the building is located less than one block from the Q subway line, providing a swift commute to Manhattan. Express bus service is nearby, along with Brooklyn College, a New York Public Library branch, houses of worship, and the vibrant shopping and dining corridor along Flatbush Avenue. Residences in a unique garden community with its private outdoor space, refined upgrades, classic prewar architecture, and resort-like grounds, this home represents a truly special opportunity to enjoy peaceful, garden-style living while remaining connected to the energy of Brooklyn and Manhattan. Experience the rare combination of elegance, tranquility, and convenience at The Waterfall Apartments - a true urban sanctuary in the heart of Midwood.

Listed by Margaret A Calarco

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Douglas Elliman Real Estate

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(917) 282-5635

Last updated March 15, 2026

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Source: REBNY #RLS20072921

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCo-op
  • NeighborhoodMidwood
  • Bedrooms2
  • Bathrooms1
  • Days on Prevu43
  • HOA/Maint. Fees$1,050/month

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

02/20/2026
Listed by Douglas Elliman Real Estate
$439,000

Estimated Closing Costs

Total
$9,500
Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $439,000 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 1620 Ave I 502

Association

Amenities

  • Pets Allowed: Building Yes, No

Fees

  • Association Fee: $1,050.00 Monthly

Financial

  • Flip Tax: 3.0%
  • Flip Tax Remarks: Of The Sale Price-original Purchase Price Subtracted From The Selling Price

Exterior

Construction

  • Number Of Units Total: 129
  • Stories Total: 6
  • Structure Type: High Rise
  • Year Built: 1941
  • Building Name: THE WATERFALL APART
  • Entry Level: 5

Features

  • Building Features: Elevator(s)
  • View: City Lights, City, Panoramic

Interior

Features

  • Appliances: Washer Dryer Allowed

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • Rooms Total: 5

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Midwood
  • Tax Block: 06709
  • Tax Lot: 0001

Parking

Parking

  • Garage: Yes

Utilities

Equipment

  • Laundry Features: Washer Hookup, In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this co-op have?

There are 2 bedrooms and 1 bathroom in this co-op at 1620 Ave I 502.

How does 1620 Ave I 502 compare to other co-ops in Midwood?

This co-op is listed 21% above the average price for co-ops in Midwood and has been on the market for 107 less days than the typical home in this area.

What building or home owners association is the co-op part of?

This co-op is in the The Waterfall Apart building.

1620 Ave I 502 is a 2-bedroom, 1-bath co-op for sale in Brooklyn NY 11230. On Prevu for 43 days at $439,000. This property is located in Midwood. The median listing price for co-ops in this area is $549,000. The home offers private outdoor space. Browse more co-op 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.