Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
1138 OCEAN Avenue #8G

For Sale · Listing by Corcoran Group

1138 OCEAN Avenue #8G

Ditmas Park, Brooklyn

$899,000

Interested in this property?
Active For Sale Condo

$899,000

$1,000 per sq ft

1138 OCEAN Avenue #8G

Ditmas Park, Brooklyn

THE WATERFALLS

MLS® #RLS20111516

RLS at REBNY

Listing by Corcoran Group

Open House Scheduled

Sunday, August 30 • 12:00 PM – 2:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

2
Bedrooms
1
Bath
899
Sq. Ft.
2007
Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 899 sq ft
Year Built 2007
Ownership Condo
HOA/Common Charges $931/mo
Property Taxes Contact for details
Parking Assigned, Garage
Neighborhood Ditmas Park
Floor 8 of 7

Property Highlights

  • Views: City
  • Outdoor Space: Wrap Around, Balcony
  • Climate Control: Other

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 1 Full
Floor 8 of 7
View City
Cooling Other
Pets Yes
Year Built 2007
Living Area 899 sq ft
Parking Features Assigned, Garage
Structure Type HighRise
Basement Other
Parcel # 05240-1117
Block/Lot 05240/1117

Listing History

Event Date Price Change
Listed Aug 28, 2026 $899,000 -
Currently Aug 28, 2026 $899,000 -

Description

Penthouse living at The Waterfalls, Ditmas Park/Midwood, Brooklyn. This top-floor two-bedroom residence at 1138 Ocean Avenue offers two private outdoor spaces: a wraparound terrace off the second bedroom and a second terrace off the living room, plus deeded indoor parking. Light pours in through multiple exposures throughout the day, and the top-floor position means no one overhead. The open living and dining area extends out to the living room terrace, for morning coffee or evening entertaining. The second bedroom's wraparound terrace is a rare feature in this building, giving the home an unusual amount of private outdoor square footage for a Brooklyn condo. 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.

Features & Amenities

Interior Features

Building Other Washer Hookup In Unit

Exterior Features

Balcony Private Outdoor Space Over60 Sqft Wrap Around Balcony

Building Amenities

Bike Storage Elevators

Building Information

Financial Details

Common Charges $931/mo
RE Taxes Contact for details

Ditmas Park is a landmarked Brooklyn neighborhood recognized for its freestanding Victorian, Colonial Revival, Tudor, and Craftsman homes set back from the street with porches and landscaped yards. The B and Q trains serve the neighborhood at Cortelyou Road, Beverley Road, Newkirk Plaza, and Avenue H stations, and Prospect Park's 526 acres of green space sit just to the northwest. The historic district encompasses roughly 2,000 residential buildings dating from 1902 to 1914, making it one of the city's best-preserved collections of early 20th-century residential architecture.

Ditmas Park Live Market Data

View Neighborhood

Active Listings

20

Median Asking Price

$563K

Median $/Sqft

$719

Avg Days on Market

N/A

New This Week

1

Price Reduced

20%

Sold (30 Days)

5

Median Sale Price

$660K

Live data from RLS at REBNY • Updated 8/28/26, 12:49 PM EST

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Location

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1138 OCEAN Avenue #8G, Ditmas Park, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2008
Year Built
18 years old
8
Floors
68
Residential Units
R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $7,249,486
Land Value: $485,090
Exemptions: $7,147,552

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

Lot Area: 21,562 SF
Building Area: 87,233 SF
Built FAR: 4.05
Allowed FAR: 4

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 common charges are $931 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 899 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2007, making it approximately 19 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

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

At the current list price of $899,000 for 899 sq ft, the asking price per square foot is approximately $1,000. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. 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: RLS20111516
First Listed: 8/28/2026
On Market: 8/28/2026
Price Changed: 8/28/2026
Contract Date: 8/28/2026

Listing Courtesy of Corcoran Group - Laurie M Savino

Listing Contact: (718) 309-4054

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/28/2026 at 4:49 PM UTC

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Ditmas Park Market Update

5 sales last 30 days · $563K median · 4 months supply

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New listings in this building

Quick Facts

Status Active Type Condo Neighborhood Ditmas Park Borough Brooklyn
County Kings
Floor 8 of 7
Year Built 2007
First Listed 8/28/2026
Living Area 899 sqft
Common Charges $931/mo

Monthly Costs Estimate

Down Payment 20%

$179,800

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $931
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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