1138 OCEAN Avenue #7G, New York City, NY 11230
Listing Courtesy of Douglas Elliman Real Estate
$870,000
Potential Rebate: $13,050
Overview
<p> </p> <p> <strong>Welcome to Residence 7G at The Waterfalls - a spacious, sun-filled home offering indoor deeded parking, in-unit laundry, and the added benefit of an 11-year tax abatement.</strong></p> <p>This beautifully maintained 2-bedroom plus a <strong>windowed bonus room that </strong>offers exceptional flexibility for guests, a home office, or a nursery. Set at the rear of the building, the home enjoys tranquil treetop views and a peaceful backdrop of the Victorian homes that define the charming Ditmas Park neighborhood.</p> <p>With <strong>1,228 sq ft</strong> of well-designed living space, the layout features an open kitchen, generous proportions throughout, and a large private terrace perfect for relaxing or entertaining. Solid oak hardwood floors run seamlessly across the home and remain in excellent condition.</p> <p>The Waterfalls is a full-service, pet-friendly condominium known for comfort, convenience, and value. Residents enjoy a daily doorman from 8 AM to 8 PM, a live-in superintendent, a fully equipped gym, a serene residents' lounge available for private events, and a beautifully landscaped outdoor area complete with an artificial-turf play space.</p> <p>Perfectly located near multiple transportation options-including the B/Q trains, the B49 and B8 buses, and the BM3/4 express buses-you'll have easy access to Manhattan and the rest of Brooklyn. Brooklyn College and a variety of local shops and conveniences are moments away.</p> <p> <strong>Residence 7G combines space, amenities, and long-term value-offering an ideal home in one of Brooklyn's most picturesque neighborhoods.</strong></p> <p> </p>
Home Features
- •In Unit
- •Assigned
- •Garage
- •Balcony
- •Private Outdoor Space Over 60 Sqft
- •Separate/Formal Dining Room
- •Washer Dryer Allowed
- •Park/Greenbelt
Building Amenities
- •Assigned
- •Garage
Estimated Monthly Payment
$5,354 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$13,050
Monthly savings impact
$36/mo
Effective Purchase Price
$856,950
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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842 OCEAN Parkway #2B, New York City, NY 11230
Listing Courtesy of Corcoran Group
RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20059781
RLS at REBNY
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RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20059781
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for THE WATERFALLS against the surrounding Ditmas Park market.
Average List Price
Price Per SqFt
2.82% Lower
than the Ditmas Park price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
