$1,575,000

550 Vanderbilt 550 Vanderbilt Ave Unit 1203 Brooklyn, NY 11238

Prospect Heights Neighborhood

Estimated payment $9,800/month

Total Views 2,523
2 Beds
2 Baths
995 Sq Ft
$1,583 Price per Sq Ft

Highlights

  • Health Club
  • Newly Remodeled
  • Wood Flooring
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • Rooftop Deck
  • 4-minute walk to Lowry Triangle

About This Home

THE ULTIMATE PROSPECT HEIGHTS INVESTMENT: A Sun-Drenched 2BR with Southern Open Views, Major Price Drop & Powerful 421-A Savings + Private Storage!

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 11-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 station, 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.**

Listing Agent

Anne Chang

Jade Stone Real Estate Consulting Inc License #10311203594 Listed on: 08/14/2025

Jade Stone Real Estate Consulting Inc

Co-Listing Agent

Chinmei Fan

Jade Stone Real Estate Consulting Inc License #10401315856

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $444

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • South Facing Home
  • Property is in excellent condition

HOA Fees

  • $1,372 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 12th floor

Interior Spaces

  • 995 Sq Ft Home
  • High Ceiling
  • Storage
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 9/5/25
  • Tax Block 01129

Community Details

Overview

  • Prospect Heights Subdivision

Amenities

  • Rooftop Deck
  • Children's Playroom
  • Laundry Facilities
  • Package Room
  • Bike Room

Recreation

  • Health Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$444

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$1,372 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Entry Level: 12
  • Structure Type: None
  • Special Features: 4098
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Interior Features: High Ceilings, Storage
  • Appliances: Dryer, Dishwasher, Washer
  • Flooring: Hardwood
  • Living Area: 995.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: No
  • Exterior Features: Building Storage, Building Roof Deck, Private Outdoor Space Under 60 Sqft, Storage
  • Patio/Porch Features: Rooftop
  • Property Condition: Excellent

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Inside, Common Area, In Unit
  • Green Building Features: Bike Storage, Common Playroom, Elevator(s), Health Club, Package Room, Storage
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1372.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Year Built: 2017

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-09-05

Tax Info

  • Tax Block: 01129
  • Tax Lot: 0000
  • Tax Annual: 444.0

Map

About 550 Vanderbilt

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $439 $127,270 $5,211 $122,059
2024 $439 $119,751 $5,211 $114,540
2023 $431 $114,178 $5,211 $108,967
2022 $429 $110,741 $5,211 $105,530
2021 $424 $94,586 $5,211 $89,375
2019 $443 $103,016 $5,211 $97,805
2018 $447 $93,519 $5,211 $88,308
2017 $6,293 $51,177 $5,212 $45,965
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $1,575,000 0.0% $1,583 / Sq Ft
04/20/2022 04/20/22 Off Market $5,300 -- --
02/11/2020 02/11/20 Rented $5,300 0.0% --
02/01/2020 02/01/20 For Rent $5,300 -99.6% --
02/01/2020 02/01/20 Rented -- -- --
12/05/2018 12/05/18 Rented -- -- --
11/05/2018 11/05/18 Sold $1,485,000 0.0% $1,492 / Sq Ft
11/05/2018 11/05/18 Under Contract -- -- --
11/01/2018 11/01/18 For Rent $5,250 0.0% --
08/18/2018 08/18/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $1,485,000 -- $1,492 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $1,437,889 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $10,474 Unknown
Open $1,150,000 Purchase Money Mortgage
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20042823

Real Estate Board of New York (REBNY)

APN: 01129-1221

New York Kings County Brooklyn 11238 Prospect Heights

550 Vanderbilt Ave Unit 1203, Brooklyn, NY

This home is located at 550 Vanderbilt Ave Unit 1203, Brooklyn, NY 11238 and is currently priced at $1,575,000, approximately $1,582 per square foot. This property was built in 2017. 550 Vanderbilt Ave Unit 1203 is a home located in Kings County with nearby schools including P.S. 9 The Sarah Smith Garnet School, Achievement First Endeavor Charter School, and Luria Academy of Brooklyn.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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Anne Chang
Listing Agent
Anne Chang
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Jade Stone Real Estate Consulting Inc
(347) 682-2739