550 Vanderbilt Avenue #1203 Brooklyn, NY 11238
Open House
Sun Aug 17, 2:30pm - 4:00pm
UPDATED:
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 995 sqft
Price per Sqft $1,582
Subdivision Prospect Heights
MLS Listing ID RLS20042823
Bedrooms 2
HOA Fees $1,372/mo
HOA Y/N Yes
Year Built 2017
Annual Tax Amount $444
Property Sub-Type Condo
Property Description
This is the opportunity you have been waiting for.
Now offered at $1,575,000 after a major price improvement, Residence 1203 is an exceptional investment and the undisputed value leader in 550 Vanderbilt, Prospect Heights' most popular luxury condominium. Bathed in southern light with beautiful open views, this homes financial power is extraordinary, featuring ultra-low monthlies that make it the smartest buy on the market.
This is an investment-grade asset with an undeniable competitive edge:
- The Most Attainable Value: The lowest-priced 2-bedroom, 2-bathroom residence in 550 Vanderbilt.
- Powerful Tax Advantage: A 421-A tax abatement is in place until 2043, slashing your monthly property taxes to just $37 and providing dramatic savings.
- Ultra-Low Carrying Costs: With incredibly low taxes and reasonable common charges, the monthly cost of ownership is exceptionally low at $1.46/sf!
- A Bonus Private Asset: A deeded storage unita coveted amenity valued at over $30,000is included in the sale.
- Prestigious Design & Amenities: An acclaimed COOKFOX design pedigree and an amazing amenity package ensure a world-class living experience.
Located on the 12th floor with sweeping views, this sun-filled home boasts 10-foot ceilings and wide-plank chestnut floors that enhance its bright, airy atmosphere. The home features a spacious living room and a primary en-suite bedroom. The gourmet kitchen is appointed with premium Miele appliances and Carrara marble, perfect for the modern chef, and includes an in-unit washer and dryer.
550 Vanderbilt is recognized as the most sought-after condominium in Prospect Heights. Your living space extends to over 10,000 sq. ft. of amenities, including white-glove, 24-hour service, a library by McNally Jackson, a fitness center by The Wright Fit, a lounge with a catering kitchen, pet spa, bike storage, in-building laundry, and an amazing rooftop terrace with communal gardens and breathtaking city views.
Situated at the nexus of culture and convenience in what Redfin named one of America's "hottest neighborhoods in 2025," you are steps from the 8-acre Pacific Park, Barclays Center, Prospect Park, and an unrivaled transportation hub with a dozen subway lines. This is the epicenter of modern Brooklyn.
Priced to sell immediately. Do not miss the best value in 550 Vanderbilt. Contact us today for a private showing.
**Open houses are by appointment.**
Location
Interior
Interior Features High Ceilings, Storage
Heating Central
Cooling Central Air
Flooring Hardwood
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Dishwasher, Washer
Laundry Building Inside, Common Area, In Unit
Exterior
Exterior Feature Building Storage, Building Roof Deck, Private Outdoor Space Under 60 Sqft, Storage
View Y/N No
Porch Rooftop
Private Pool No
Building
Dwelling Type None
New Construction Yes
Others
Pets Allowed Pets Allowed
Ownership Condominium
Monthly Total Fees $1, 409
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
Virtual Tour https://youtu.be/tBPueS_uNKI
