The Waterfalls

The Waterfalls is a condo located 1138 Ocean Avenue, in Midwood Park, Brooklyn. The building was first built in 2008 and is 16 years old. It was first renovated and altered in 2007. The lot that the building was built on is 163 feet wide and 125 feet long. The official lot area is listed as 21,562 square feet. In total, 1138 Ocean Avenue has a total floor area of 87,233 square feet. Of that, 79,430 square feet are used for residential purposes. About 7,803 square feet of the building are used for commercial purposes. Additionally, the building has a 7,803 square feet garage. There are a total of 119 units. Of those, 68 are residential units. There are 51 commercial units. 1138 Ocean Avenue has a total of 8 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. There are 144 closings on record, of which we have matching data for 32 listings. In the past 3 years, a listing in this building will typically remain on the market for about 118 days and tend to sell below the original asking price of $859,000 by 7.17%. Meaning, listings tend to sell at a median of $748 price per square foot. The transaction that took the longest to complete was unit 6C, listed on Feb 16, 2022 for $1,275,000. This particular unit ultimately sold 359 days later for $1,080,000. The most recent transaction was for unit 5E, which was first advertised on Apr 04, 2023, sold for $895,000 on Jul 03, 2023. Fun fact, the oldest transaction we have on record took place on Dec 05, 1969. See the full transaction history for The Waterfalls below.

Midwood Park, where 1138 Ocean Avenue is located, has a median asking price of $647,000 for condo buildings. Meanwhile, the building itself has a median asking price of $859,000. For interested buyers, that means the building's median asking price is around 1.10% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,150,000. It is a 1,439 sqft 3 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $925,000. It is a 3 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, no two-bedroom, 3 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $925,000. Collectively, the median square footage of these active units for sale is 1,228 sqft. Active units for sale at 1138 Ocean Avenue are mostly 3-bedroom apartments Active units for sale at 1138 Ocean Avenue have a median count of 3 bedrooms and have a median count of 2 bathrooms.