NOT LISTED FOR SALE

Estimated Value: $1,753,000 - $2,038,000

2 Beds
2 Baths
1,181 Sq Ft
2017 Built

Sale Details

Date Sold: August 9, 2024

Last sale price $1,985,000 $1,681 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,678 / mo

45 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Double Vanity
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • Terrace
  • 4-minute walk to Lowry Triangle

About This Home

As of August 2024

Welcome to the perfect two bedroom, two bathroom, tax abated condominium with gorgeous light, soaring 10 foot ceilings, and sweeping, wide open views of the Manhattan skyline and evening sunsets all located in one of the best buildings in coveted Prospect Heights. As you step inside, you are greeted by the warmth of abundant light pouring in from the oversized windows in every room showcasing both the skyline of Manhattan and the classic Brooklyn rooftops. Each of the oversized windows have been upgraded with Shade store blackout shades and custom valances for the best sleep in the evening or when the sunlight is at its brilliant peak. Basking in that light is the apartment’s grand living space featuring an expansive open chef’s kitchen clad in Carrara marble with top of the line appliances from Miele, soft gray lacquer and lime washed walnut cabinetry and a beautifully designed custom kitchen island with Kushi pendants for extra room and storage. The primary suite is a sanctuary of comfort offering a king sized bedroom space with a wall of custom, built in, walnut cabinetry, a fully outfitted walk in closet and a spacious, marble clad, double bathroom with elegant walnut cabinetry and a glass enclosed shower oasis. The second bedroom is generously sized and on the far side of the apartment offering the perfect separation of space. The room features four doors of closets and plenty of room for a growing family or a beautiful home office and guest room. The spacious second full bathroom features a brand new marble vanity and a full sized tub for soaking and relaxation. Beautiful 4 inch wide, white oak floors adorn the home and well as thermostat controlled heating and air-conditioning, recessed lighting throughout and a full sized, vented washer and dryer. To top it all off this home comes with a transferable storage unit in the building for easy storage and access as well as 20 years left on the building tax abatement! 550 Vanderbilt is the first residential building to open in the Pacific Park development of Brooklyn. Residents enjoy 10,000 square feet of amenities including white-glove, 24 hour door service, a library by McNally Jackson, fitness center by The Wright Fit, a lounge with a catering kitchen, a children’s playroom, pet grooming station, a bike room, and an amazing rooftop terrace with communal gardens and breathtaking city views. Prospect Heights is one of the most ideal locations for access to the very best Brooklyn has to offer. A plethora of Brooklyn’s famed treasures are right outside your door including the Brooklyn Museum, the Brooklyn Botanic Gardens, the Grand Brooklyn Library, and beautiful Prospect Park. Access to the 2/3/4/5/B/Q/N/R/D trains at Atlantic/Barclays Center as well as the Long Island Railroad are all within a few blocks for a fast and easy commute into the city and beyond. An array of acclaimed eateries, bakeries and wine shops are steps away. Great spots including the Michelin starred restaurant Olmsted, Leland, Alta Calidad, and Chuko, to name a few are all within blocks. This home and location offers all the best of Brooklyn living in one package.

Last Agent to Sell the Property

Jessica Perrizo

Compass License #10401321940 Listed on: 04/25/2024

Compass

Co-Listed By

Samuel Libowsky

Compass License #10401355174

Last Buyer's Agent

Christie LaRusso

Brown Harris Stevens Residential Sales LLC License #10301213391

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $528

Year Built

  • Built in 2017

Lot Details

  • North Facing Home
  • Garden

HOA Fees

  • $1,596 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 13th floor

Interior Spaces

  • 1,181 Sq Ft Home
  • High Ceiling
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Courtyard
  • Terrace
  • Outdoor Grill

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 1232 / 01129

Community Details

Overview

  • 278 Units
  • Prospect Heights Subdivision
  • 17-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$528

Year Built

Built in 2017

Lot Details

0 Sq Ft Lot

HOA Fees

$1,596 per month

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Entry Level: 13
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Interior Features: Double Vanity, High Ceilings, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Washer
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 1181.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Barbecue, Courtyard, Garden
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Garage

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor, Common Area
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1596.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 0.000000x0.000000

Building Info

  • New Construction: No
  • Units: 278
  • Total Stories: 17
  • Year Built: 2017

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01129
  • Tax Lot: 1232
  • Tax Annual: 528.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Aug 9, 2024
Sold by
Miller Andrew Gilkey and Miller Rashi Dhanda
Bought by
Hou Francis and Hou Kevin
Seller's Agent
Jessica Perrizo
Compass
Buyer's Agent
Christie LaRusso
Brown Harris Stevens Residential Sales LLC
List Price
$1,995,000
Sold Price
$1,985,000
Premium/Discount to List
-$10,000
-0.5%
Views
26
Current Estimated Value
$1,893,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,524
Avg. Annual Appreciation
-2.69%
Original Mortgage
$1,000,000
Outstanding Balance
$986,918
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$906,558

Purchase Details

Listed on
Dec 4, 2018
Closed on
Jan 18, 2019
Sold by
Pacific Park 550 Vanderbilt Llc and % : Greenland Forest City Partners
Bought by
Dhanda Miller Rashi
List Price
$1,525,000
Sold Price
$1,525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%
Original Mortgage
$0
Interest Rate
4.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 27, 2018
Sold by
Atlantic Yards Venture Llc
Bought by
Fc Atlantic Yards Llc and Greenland Atlantic Yards Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hou Francis $1,985,000 --
Hou Francis $1,985,000 --
Dhanda Miller Rashi $1,487,929 --
Dhanda Miller Rashi $1,487,929 --
Dhanda Miller Rashi $1,487,929 --
Fc Atlantic Yards Llc $119,670,000 --
Fc Atlantic Yards Llc $119,670,000 --
Atlantic Yards Puc Venture Llc $119,670,000 --
Fc Atlantic Yards Llc $119,670,000 --
Atlantic Yards Puc Venture Llc $119,670,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hou Francis $1,000,000
Closed Hou Francis $1,000,000
Previous Owner Dhanda Miller Rashi $0
Previous Owner Dhanda Miller Rashi $1,190,343
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2024 08/09/24 Sold $1,985,000 -0.5% $1,681 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $1,995,000 +30.8% $1,689 / Sq Ft
01/18/2019 01/18/19 Sold $1,525,000 0.0% $1,291 / Sq Ft View Prior Sale
12/04/2018 12/04/18 For Sale $1,525,000 -- $1,291 / Sq Ft
12/04/2018 12/04/18 Pending -- -- --
Source: Real Estate Board of New York (REBNY)

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 $521 $151,059 $6,186 $144,873
2024 $521 $142,134 $6,186 $135,948
2023 $512 $135,519 $6,186 $129,333
2022 $509 $131,439 $6,185 $125,254
2021 $503 $112,264 $6,185 $106,079
2020 $516 $126,655 $6,185 $120,470
2019 $526 $122,270 $6,185 $116,085
2018 $530 $110,998 $6,185 $104,813
2017 $7,470 $60,741 $6,185 $54,556
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10978502

Real Estate Board of New York (REBNY)

APN: 01129-1232

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