2
Beds
2
Baths
1,054
Sq Ft
$1,242/mo
HOA Fee
Highlights
- Rooftop Deck
- Central Air
- 4-minute walk to Lowry Triangle
- P.S. 9 The Sarah Smith Garnet School Rated A
- North Facing Home
About This Home
As of July 202025 YEAR 421-A TAX ABATEMENT AND IMMEDIATE OCCUPANCY
550 Vanderbilt is the first residential building to open in Pacific Park Brooklyn, the revolutionary new Frank Gehry designed 22-acre project coming to Prospect Heights. Through the masterful vision of COOKFOX, 550 Vanderbilt offers the inaugural opportunity to live and own in New Yorks newest park. With 350,000 square feet dedicated entirely to park space, childrens play areas, open lawns, basketball courts, dog runs, and more, this is unlike any living experience New York has ever seen.
This stunning 2-bedroom, 2-bathroom residence with lofty ceilings heights of up to 10 feet has been designed using a palette of natural, organic elements with an array of sophisticated fixtures and finishes. Contemporary open layouts are complimented by wide-plank white-washed oak floors that seamlessly flow from room to room along with oversized windows that capture the gorgeous neighborhood and city views.
The sublime kitchen offers custom grey lacquer cabinetry, lime-washed walnut accents, white Carrara marble countertops and backsplash, and a suite of fully integrated Miele appliances. Additionally, there is a washer/dryer and central climate control system in every unit.
Residents will 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, lounge with catering kitchen, childrens playroom, pet grooming station, and an amazing rooftop terrace with communal gardens and breathtaking city views.
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD15-0007.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $468
Year Built
- Built in 2017
HOA Fees
- $1,242 Monthly HOA Fees
Home Design
- 1,054 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Additional Features
- North Facing Home
- Central Air
Listing and Financial Details
- Legal Lot and Block 7501 / 1129
Community Details
Overview
- Pacific Park Subdivision
- 17-Story Property
Amenities
- Rooftop Deck
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 4, 2020
Closed on
Jul 22, 2020
Sold by
Pacific Park 550 Vanderbilt Llc
Bought by
Grote Megan Ann and Roth Leonard Matthew
List Price
$1,450,000
Sold Price
$1,450,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.84%
Original Mortgage
$1,000,000
Outstanding Balance
$892,641
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$773,351
Purchase Details
Closed on
Jun 27, 2018
Sold by
Atlantic Yards Venture Llc
Bought by
Fc Atlantic Yards Llc and Greenland Atlantic Yards Llc
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,377,799 | -- | |
| Deed | $119,670,000 | -- | |
| Deed | $119,670,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Pending | -- | -- | -- |
| 07/10/2025 07/10/25 | Off Market | $1,715,000 | -- | -- |
| 07/03/2025 07/03/25 | Pending | -- | -- | -- |
| 07/03/2025 07/03/25 | Off Market | $1,715,000 | -- | -- |
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | Off Market | $1,715,000 | -- | -- |
| 06/19/2025 06/19/25 | Pending | -- | -- | -- |
| 06/04/2025 06/04/25 | For Sale | $1,715,000 | +18.3% | $1,627 / Sq Ft |
| 07/23/2020 07/23/20 | Sold | $1,450,000 | 0.0% | $1,376 / Sq Ft |
| 06/22/2020 06/22/20 | Pending | -- | -- | -- |
| 03/22/2019 03/22/19 | For Sale | $1,450,000 | -- | $1,376 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $465 | $134,702 | $5,516 | $129,186 |
| 2024 | $465 | $126,744 | $5,516 | $121,228 |
| 2023 | $456 | $120,845 | $5,516 | $115,329 |
| 2022 | $341 | $117,209 | $5,516 | $111,693 |
| 2021 | $456 | $100,110 | $5,516 | $94,594 |
| 2020 | $224 | $112,941 | $5,516 | $107,425 |
| 2019 | $465 | $109,031 | $5,516 | $103,515 |
| 2018 | $473 | $98,980 | $5,516 | $93,464 |
| 2017 | $6,661 | $54,165 | $5,516 | $48,649 |
Source: Public Records
Agents Affiliated with this Home
-
Ivy Kramp
Seller's Agent in 2025
Ivy Kramp
Compass
(646) 645-5186
2 in this area
53 Total Sales
-
Jennifer Alese
Seller Co-Listing Agent in 2020
Jennifer Alese
Serhant
(631) 219-4922
10 in this area
76 Total Sales
About 550 Vanderbilt
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10623524
APN: 01129-1248
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.
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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