Brooklyn (Midwood), NY, 11230 | $439,000

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

  • Town: Brooklyn
  • Levels: 6
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Building Other,Washer Hookup,In Unit
  • Complex: THE WATERFALL APART
  • Year Built: 1941
  • Common Charge: $1,050 Monthly
  • View: City Lights,City,Panoramic
  • Pet Policy: Building Yes,No
  • Appliances: Washer Dryer Allowed
  • MLS#: RLS20072921
  • Days on Market: 30 days
  • Website: https://www.raveis.com
    /prop/RLS20072921/1620avei_brooklyn_ny?source=qrflyer
Copyright © 2026  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate   Phone: (212) 891-7000

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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Brooklyn (Midwood), NY, 11230

$439,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $351,200 $351,200 $351,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.000% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.395% 6.520% 5.900%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,106 $2,191 $2,893
Total Monthly Payment $2,181 $2,266 $2,968

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.