550 Vanderbilt Avenue, Unit 1516
550 Vanderbilt Avenue, Unit 1516
Sold 12/12/22
Virtual Tour
Sold 12/12/22
Virtual Tour
Description
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
![Victoria Ye]()
victoria.ye@compass.comP: 914.207.5909
Amenities
- Doorman
- Full-Time Doorman
- Part-Time Doorman
- Concierge
- Open Views
- Water Views
- Roof Deck
- Common Roof Deck
Location
Property Details for 550 Vanderbilt Avenue, Unit 1516
| Status | Sold |
|---|---|
| Days on Market | 371 |
| Taxes | $17 / month |
| Common Charges | $597 / month |
| Min. Down Pymt | 10% |
| Total Rooms | 2.0 |
| Compass Type | Condo |
| MLS Type | Condominium |
| Year Built | 2017 |
| County | Kings County |
Building
550 Vanderbilt Avenue
Location
Virtual Tour
Building Information for 550 Vanderbilt Avenue, Unit 1516
Payment Calculator
$4,912 per month
30 year fixed, 7.25% Interest
$4,298
$17
$597
Property History for 550 Vanderbilt Avenue, Unit 1516
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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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
Schools near 550 Vanderbilt Avenue, Unit 1516
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 9 Teunis G Bergen PublicPK to 5 | ||
Ms 266 Park Place Community Middle School Public6 to 8 | ||
Acorn Community High School 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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