Milton Coste

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(917) 416-7433

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1620 Ave I #502

Pending · Listing by Douglas Elliman Real Estate

1620 Ave I #502

Midwood, Brooklyn

$439,000

Pending For Sale • Co-op

$439,000

1620 Ave I #502

Midwood, Brooklyn

THE WATERFALL APART

MLS® #RLS20072921

RLS at REBNY

Listing by Douglas Elliman Real Estate

2
Bedrooms
1
Bath
N/A
Sq. Ft.
1941
Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Year Built 1941
Ownership Co-op
Maintenance $1,050/mo
Parking Garage
Neighborhood Midwood
Floor 5 of 6

Property Highlights

  • Views: City Lights, Panoramic, Skyline
  • Exposure: South,West facing
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full
Floor 5 of 6
View City Lights, Panoramic, Skyline
Exposure South,West
Pets Yes
Year Built 1941
Parking Garage Available
Structure Type HighRise
Basement Other
Block/Lot 06709/0001

Listing History

Event Date Price Change
Listed Feb 20, 2026 $439,000 -
Currently Oct 16, 2026 $439,000 -

Description

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.

Features & Amenities

Interior Features

Building Other Washer Hookup In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Elevators

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $1,050/mo

Midwood, in Brooklyn, features the Fiske Terrace-Midwood Park Historic District, preserving over 250 early 20th-century homes. Architecture showcases Colonial Revival, Queen Anne, and Craftsman styles across the residential streets. This area is served by major transit lines and is anchored by mature, tree-lined park space.

Midwood Live Market Data

View Neighborhood

Active Listings

38

Median Asking Price

$450K

Median $/Sqft

$538

Avg Days on Market

N/A

New This Week

3

Price Reduced

26%

Sold (30 Days)

7

Median Sale Price

$455K

Live data from RLS at REBNY • Updated 10/16/26, 8:25 AM EST

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Location

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1620 Ave I #502, Midwood, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1941
Year Built
85 years old
6
Floors
129
Residential Units
R5
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $5,237,100
Land Value: $1,276,200
Exemptions: $116,327

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 70,907 SF
Building Area: 149,400 SF
Built FAR: 2.11
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $1,050 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1941, making it approximately 85 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20072921
First Listed: 2/20/2026
On Market: 2/20/2026
Price Changed: 2/20/2026
Pending Since: 5/13/2026
Contract Date: 2/20/2026

Listing Courtesy of Douglas Elliman Real Estate - Margaret A Calarco

Listing Contact: (917) 282-5635

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/16/2026 at 12:25 PM UTC

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Midwood Market Update

7 sales last 30 days · $450K median · 5.4 months supply

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New listings in this building

Quick Facts

Status Pending
Type Co-op Neighborhood Midwood Borough Brooklyn
County Kings
Floor 5 of 6
Year Built 1941
First Listed 2/20/2026
Parking Garage
Maintenance $1,050/mo

Monthly Costs Estimate

Down Payment 20%

$87,800

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $1,050
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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