550 Vanderbilt Avenue, Unit 1516

Prospect Heights, Brooklyn, NY 11238

$749,000
Price
Studio
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

NEW reduced price. Motivated seller. Better than renting.
25yrs 421-A TAX ABATEMENT!! First resale of one of the most-coveted studio lines at 550 Vanderbilt Avenue.
Residence 1516 is a designer home on a high floor with open Western views. This home offers floor to ceiling windows looking at the expansive views of Brooklyn skyline, downtown Manhattan and Statue of Liberty.
This chic and modern designer home has an open loft-like space with soaring 10ft ceilings highlighted by white-washed, wide-plank
...NEW reduced price. Motivated seller. Better than renting.

25yrs 421-A TAX ABATEMENT!! First resale of one of the most-coveted studio lines at 550 Vanderbilt Avenue.

Residence 1516 is a designer home on a high floor with open Western views. This home offers floor to ceiling windows looking at the expansive views of Brooklyn skyline, downtown Manhattan and Statue of Liberty.

This chic and modern designer home has an open loft-like space with soaring 10ft ceilings highlighted by white-washed, wide-plank oak floors throughout. This beautiful home has space for a living room, sleeping area, office overlooking the open views with incredible sunsets. The open Chef’s kitchen includes top-of-the-line Miele appliances, vented hood, garbage disposal, white Carrera marble countertops and backsplash. The custom gray lacquer cabinets with walnut shelving accents offers plenty of storage. The spa like bathroom has subway tiles, walnut vanity and chrome fixtures. Custom designer blinds and curtains, walk-in closet and in-unit washer/dryer completes this home.

Pacific Park (Brooklyn’s newest neighborhood), will have over 8 acres of lush green space once completed. This building offers 10,000sqft of amenities to all residents: a 24-hour concierge, fitness center, lounge with catering kitchen, playroom, a library, pet grooming station, and a landscaped roof terrace with expansive views of the city, skyline and neighboring brownstones. Rooftop has a unique communal garden and BBQ for dinner parties. Transportation: express and local trains C, B, Q, 2, 3 are just 3-5 minutes away. In additional all the trains available at the nearby Barclay Center: 4, 5, B, D, N, Q, R and W, and the LIRR for weekends to Fire Island and the Hamptons. Top restaurants such as Olmstead and numerous cafes are on Vanderbilt Ave including Brooklyn Museum and Prospect Park.

Best of all, this building offers a rare 25-year 421-A tax abatement until 2043. Taxes are only ~$17/month! Ideal for investment and 1031 exchange, easy to rent out. And for homeowners, cheaper than paying rent.

Developed by Forest City Ratner Companies and Greenland USA, 550 Vanderbilt and Pacific Park will not just redefine luxury living, they will reform upscale lifestyles as we know them. In all, Pacific Park will encompass 8 million square feet of residential, retail, commercial, and entertainment destinations. Welcome home to Brooklyn’s most vibrant and exciting new neighborhood.

Listing Agent

  1. Victoria Ye

    Victoria Ye

    Listing Agent

    Compass

Amenities

  • Full-Time Doorman
  • Part-Time Doorman
  • Concierge
  • Open Views
  • Water Views
  • Roof Deck
  • Common Roof Deck
  • Barbecue Area

Location

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LISTING UPDATED: 09/23/2022 02:51 PM

Property Details for 550 Vanderbilt Avenue, Unit 1516

StatusActive
Days on Market346
Taxes$17 / month
Common Charges$597 / month
Min. Down Pymt10%
Total Rooms2.0
Compass TypeCondo
MLS Type-
Year Built2017
CountyKings County

Building

550 Vanderbilt Avenue

278 Units17 StoriesBuilt in 2017

Location

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Virtual Tour

Building Information for 550 Vanderbilt Avenue, Unit 1516

Building/Complex550 Vanderbilt Avenue Floor15Stories17Residences278Pet PolicyAllowedYear Built2017Building AgeNew DevelopmentBuilding TypeMidrise

Payment Calculator

$4,608 per month

30 year fixed, 5.89% Interest

Principal and Interest

$3,994

Property Taxes

$17

Maintenance/Common Charges

$597

The Payment Calculator is for illustrative purposes only.

Property History for 550 Vanderbilt Avenue, Unit 1516

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 550 Vanderbilt Avenue, Unit 1516

Taxable ValueLand$2,362Additions$47,827Total$50,189
Home Facts
Total Finished SqFt452 SqFtLot Size39,392 SqFtYear Built2015APN3011291262

Schools near 550 Vanderbilt Avenue, Unit 1516

This home is within Nyc Geog District #13 - Brooklyn.
RatingSchoolTypeGradesDistance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
RatingSchoolDistance
P.S. 9 Teunis G Bergen
PublicPK to 5

Dean Street School (The)
Public9 to 12

Urban Assembly Unison School (The)
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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550 Vanderbilt Avenue, Unit 1516 is a condo for sale in Prospect Heights, Brooklyn, NY 11238. This property was listed for sale on October 20, 2021 by Compass at $749,000. It has been on the market for a total of 346 days and was last sold on March 26, 2018. This listing's school district is Nyc Geog District #13 - Brooklyn. Nearby schools include P.S. 9 Teunis G Bergen, Ms 266 Park Place Community Middle School and Dean Street School (The). 550 Vanderbilt Avenue, Unit 1516 is a 0-bed, 1-bath, condo built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2022, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY