Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $485,000

Listed at $500,000 · Sold 3.0% below asking · Closed February 18, 2021

1615 Ave I #512
Closed For Sale Co-op

$500,000

1615 Ave I #512

MIDWOOD, Brooklyn

MLS® #RLS10663368

RLS at REBNY

Listing by Elliman

2

Bedrooms

1

Bath

N/A

Sq. Ft.

1949

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Year Built 1949
Ownership Co-op
Maintenance $998/mo
Parking Garage
Neighborhood MIDWOOD
Floor 99 of 6

Property Highlights

  • Exposure: South facing
  • Style: Prewar architecture
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full
Floor 99 of 6
Exposure South
Pets Yes
Cross Street Bet E 16th & E 17th St
Year Built 1949
Parking Garage Available
Architectural Style Prewar
Parcel # 06700-0038-01615-000-0000512

Listing History

Event Date Price Change
Listed Aug 31, 2020 $500,000 -
Currently Jun 10, 2026 $500,000 -

Description

Extremely bright and beautiful 2 bedroom/1 bathroom has hit the market at Terrace Gardens Plaza in Midwood, Brooklyn. Unit 512 is south facing and flooded with light while overlooking tree-lined 17th street. The apartment has pre-war charm with an arched entrance to the living room, and a favorable layout where the kitchen and dining area open up into the living room. The windowed kitchen has a gas stove and lots of storage and counter space. The master bedroom is a king-sized bedroom with huge closets, while the secondary bedroom easily fits a queen size bed and also has a lot of storage space. The bathroom is windowed with a stall shower and bathtub. Terrace Garden Plaza is a doorman building with a live-in superintendent and has a common courtyard, upgraded elevator, brand new laundry room, bike storage for $5/month, storage room and even has indoor parking available on a short wait list for $130/month. The Q and B trains are less than a ten-minute walk.

Building Information

Financial Details

Maintenance $998/mo
Sale Price $485,000

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

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Median Asking Price

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Median $/Sqft

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Avg Days on Market

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Live data from RLS at REBNY • Updated 6/10/26, 5:58 AM EST

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Location

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1615 Ave I #512, MIDWOOD, Kings County • Near Bet E 16th & E 17th St

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1941
Year Built
85 years old
6
Floors
132
Residential Units
R5
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $5,619,150
Land Value: $660,150
Exemptions: $149,465

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

Lot Area: 43,000 SF
Building Area: 148,680 SF
Built FAR: 3.46
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 $998 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1949, making it approximately 77 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 the listing broker for weight limits or breed restrictions.

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: RLS10663368
First Listed: 8/31/2020
Price Changed: 2/5/2021
Closed: 2/18/2021
Contract Date: 9/1/2020

Listing Courtesy of Elliman - Geraldine S. Greenberg

Listing Contact: (917) 887-7821

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 6/10/2026 at 9:58 AM UTC

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