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Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 646 sqft
Price per Sqft $1,544
Subdivision Prospect Heights
MLS Listing ID RLS20094560
Bedrooms 1
Full Baths 1
HOA Fees $892/mo
HOA Y/N Yes
Year Built 2017
Annual Tax Amount $288
Property Sub-Type Condo
Property Description
Residence 720, a bright West-facing 1BR at 550 Vanderbilt presents a rare opportunity to own a luxury condominium in the heart of Prospect Heights. Perfectly suited as a primary residence, a sophisticated pied--terre, or a high-yield investment property, this beautiful home delivers an unmatched combination of low carrying costs, premier amenities, and a prime Brooklyn location.
Unbeatable Financials
421-A Tax Abatement: In place until 2043, shielding the asset from immediate full-market real estate tax exposure. Currently at an astonishingly low $24.
Low Carrying Costs: Combined with reasonable common charges, the total monthly cost of ownership is just $1.42/sf, making this one of the smartest, most cost-effective buys in Brooklyn today.
The Residence
Bathed in natural light with peaceful courtyard views, this beautifully designed home features soaring 10-foot ceilings, rich chestnut hardwood floors, and expansive double-paned windows with a bright western exposure.
Chefs Kitchen: Sleek marble countertops, abundant cabinetry and pantry storage, and a full suite of premium Miele appliances, including a gas cooktop with externally vented range hood for true chef-level performance.
Bedroom & Bath: The spacious bedroom offers a large walk-in closet, while the spa-like bathroom features elegant Carrara marble finishes and a custom walnut vanity.
Convenience: An in-unit washer and dryer completes this thoughtfully appointed home.
The Building & Amenities
Designed by the acclaimed architecture firm COOKFOX, 550 Vanderbilt offers over 10,000 square feet of world-class, luxury amenities:
24-hour attended lobby & concierge
Library, lounge, and private dining room with catering kitchen
Landscaped rooftop terrace with communal gardens, grills, and outdoor dining
State-of-the-art fitness center curated by The Wright Fit, featuring Peloton bikes and private studios
Childrens playroom
The Neighborhood
Perfectly positioned at the intersection of Prospect Heights and Pacific Park, residents enjoy immediate access to local green spaces, Barclays Center, and some of Brooklyns finest dining and shopping. Commuting is seamless, with the B, Q, C, 2, and 3 subway lines just moments away.
Contact us today to schedule your private showing.
PS. Pics from the unit one floor below at identical size, layout and exposure.
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
Tax ID 01129-1160
Ownership Condominium
Monthly Total Fees $916
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716