$2,500,000

550 Vanderbilt 550 Vanderbilt Ave Unit 1508 Brooklyn, NY 11238

Prospect Heights Neighborhood

Estimated payment $13,889/month

Total Views 2,976
2 Beds
2.5 Baths
1,502 Sq Ft
$1,664 Price per Sq Ft

Highlights

  • Doorman
  • Fitness Center
  • City View
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • Rooftop Deck
  • 4-minute walk to Lowry Triangle

About This Home

25 Year Tax Abatement with 19 years remaining!! Welcome home to residence 1508, one of the largest 2-bedroom, 2.5 bath homes at 550 Vanderbilt spanning over 1500sf. This massive corner apartment has northwestern exposure and unobstructed stunning Manhattan skyline views from the oversized living room and primary bedroom. With 10 foot ceilings, 7 inch wide plank oak flooring, floor to ceiling windows and an excellent split 2-bedroom layout, this one is not to be missed! The chef's kitchen features all Miele appliances, custom grey lacquer and black cabinets, Carrara marble countertops and an oversized island. The hood that vents out of the building and the deep sink features a garbage disposal for added functionality. Custom bench sitting and a custom dining table fit perfectly and maximize the living room space. The primary king-sized bedroom features north exposure with city views, a custom walk-in closet with lighting and a spa-like marble clad ensuite bathroom with custom walnut double vanity, a huge mirrored medicine cabinet, walk-in shower and linen closet. The second bedroom is nearly as large as the primary and also has a walk-in closet and an ensuite bathroom with handmade tile from Spain and a deep soaking tub. Off the entryway, you will find an elegant marble clad powder room for guests, an oversized coat closet and a large side-by-side vented washer and dryer. A large storage unit is also included in this purchase of this unit. Situated in Pacific Park Brooklyn, a groundbreaking 22-acre development by Frank Gehry in Prospect Heights and designed by COOKFOX, 550 Vanderbilt provides rare access to 350,000 square feet of green space with various outdoor facilities. Residents enjoy 10,000 square feet of top-tier amenities, including 24-hour door service, a McNally Jackson library, a Wright Fit gym, resident lounge with catering kitchen, playroom, pet spa, and a rooftop terrace with grills, gardens and city views. With its 25-year tax abatement, the exceptionally low real estate taxes at this 550 Vanderbilt residence are a major draw and offer a significant financial advantage to the savvy buyer with a discerning eye. Don't miss this special unit which rarely comes on the market! *Some photos are virtually staged

Listing Agent

Ivy Kramp

Compass Listed on: 04/11/2025

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $663

Interior Spaces

  • 1,502 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Rooftop Deck

Community Details

Overview

  • Mid-Rise Condominium
  • Pacific Park Community

Amenities

  • Doorman
  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$663

Lot Details

0

Listing Details

  • BuildingCommunityGym: Yes
  • BuildingCommunityPetsAllowed: Yes
  • BuildingDoorman: Yes
  • BuildingRooftop: Yes
  • Building Style: Mid-rise
  • HamletID: 0
  • InteriorAmps: 0
  • LandFrontageInFeet: 0
  • LandRentAmount: 0
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Brooklyn
  • Prop. Type: Condo
  • PropertyZipCode: 11238
  • PropertyZoneType: 0
  • Renovation Year: 0
  • Walk In Closet: Yes
  • SForSaleAndRForRental: S
  • USStateAbbreviation: NY
  • ViewCity: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • BasementAreaSquareFootage: 0
  • Fireplaces: 0
  • Number of Rooms: 5
  • AboveArea Sq Ft: 1502

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • HOA Fees: 2104
  • Units in Building: 0

Schools

  • School District: 000000
  • School District: 000000

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 2
  • Total Taxes: 0

Tax Info

  • Tax Year: 0

Map

About 550 Vanderbilt

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $663 $192,000 $7,862 $184,138
2024 $663 $180,656 $7,862 $172,794
2023 $650 $172,248 $7,862 $164,386
2022 $649 $167,065 $7,862 $159,203
2021 $153 $142,693 $7,862 $134,831
2020 $485 $160,983 $7,862 $153,121
2019 $663 $155,409 $7,862 $147,547
2018 $674 $141,083 $7,862 $133,221
2017 $9,495 $77,205 $7,862 $69,343
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $2,500,000 +19.0% $1,664 / Sq Ft
07/30/2021 07/30/21 Sold $2,100,000 0.0% $1,398 / Sq Ft
06/15/2018 06/15/18 For Sale $2,100,000 -- $1,398 / Sq Ft
Source: NY State MLS

Purchase History

Date Type Sale Price Title Company
Deed $2,100,000 --
Deed $119,670,000 --
Deed $119,670,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,680,000 Purchase Money Mortgage
Source: Public Records

Similar Homes in the area

  • 57 Front St Unit 303, Brooklyn, NY 11201

    $2,195,000

    • 3 Beds
    • 3 Baths
    • 2,285 Sq Ft
    • 57 Front St
    • Unit 303
    • Brooklyn, NY

    ***Secure, Turnkey Income with Upside in Prime DUMBO*** Currently leased at $13,500/month through next August, this stunning 4-bed, 3-bath, 2,285?sq?ft loft condo delivers immediate cash flow and strong upside potential. Offered at $2,195,000 ($961/sq?ft), the property achieves a 5% cap rate a rare find in Brooklyn s high-demand market. Exceptional triple exposure floods the space with natural

    Brian Goldfarb Compass

    Section Image
  • 431 Ave P Unit 407, Ocean Parkway, NY 11230

    $2,150,000

    • 3 Beds
    • 3 Baths
    • 2,228 Sq Ft
    • 431 Ave P
    • Unit 407
    • Ocean Parkway, NY

    Welcome to Residence 407 at The Venetian, Midwood’s premier full-service condominium. Encompassing an impressive 2,228 square feet, this gracious three-bedroom, three-bathroom home with an additional interior room offers a rare blend of scale, comfort, and thoughtfully crafted layout. The open-concept chef’s kitchen, complete with a generous center island, flows seamlessly into an expansive

    Javier Lattanzio Time Equities Brokerage LLC

    Section Image
  • 550 Vanderbilt Ave Unit 1508, Brooklyn, NY 11238

    $2,500,000

    • 2 Beds
    • 2.5 Baths
    • 1,502 Sq Ft
    • 550 Vanderbilt Ave
    • Unit 1508
    • Brooklyn, NY

    25 Year Tax Abatement with 19 years remaining!!Welcome home to residence 1508, one of the largest 2-bedroom, 2.5 bath homes at 550 Vanderbilt spanning over 1500sf. This massive corner apartment has northwestern exposure and unobstructed stunning Manhattan skyline views from the oversized living room and primary bedroom. With 10 foot ceilings, 7 inch wide plank oak flooring, floor to

    Ivy Kramp Compass

    Section Image
  • 461 Washington Ave Unit 3, Clinthl, NY 11238

    $2,450,000

    • 2 Beds
    • 2 Baths
    • 1,547 Sq Ft
    • 461 Washington Ave
    • Unit 3
    • Clinthl, NY

    Presenting an exceptional opportunity to own a stunning convertible 3-bedroom, 2-bath residence in the historic district of Clinton Hill. This expansive 1,550 square foot apartment offers 12-foot ceilings, white oak herringbone flooring, and central air throughout. Access your home via a keyed elevator that leads directly into a generously sized kitchen, featuring custom shaker

    Anelisa Benzo Douglas Elliman Real Estate

    Section Image
  • 630 Grand Ave Unit PH1, Crown Heights, NY 11238

    $2,375,000

    • 3 Beds
    • 2.5 Baths
    • 1,387 Sq Ft
    • 630 Grand Ave
    • Unit PH1
    • Crown Heights, NY

    Two years of common charges paid for by the sponsor for all new deals that go into contract until the end of July. Closings imminent. Building has received the TCO. 630 Grand Avenue is a unique and inviting 32-unit condo situated at the crossroads of Grand Avenue, between St. Marks Avenue and Prospect Place, in prime Prospect Heights, Brooklyn. A mix of light-filled 1, 2, and

    Deborah Rieders Corcoran Group

    Section Image
  • 630 Grand Ave Unit 206, Crown Heights, NY 11238

    $1,995,000

    • 3 Beds
    • 2.5 Baths
    • 1,376 Sq Ft
    • 630 Grand Ave
    • Unit 206
    • Crown Heights, NY

    630 Grand Avenue is a unique and inviting 32-unit condo situated at the crossroads of Grand Avenue, between St. Marks Avenue and Prospect Place, in prime Prospect Heights, Brooklyn. A mix of light-filled 1, 2, and 3-bedroom homes, plus penthouses, all with private outdoor spaces, basement storage closets, and custom-designed oversized windows. Enjoy a breathtaking communal rooftop kitchen,

    Deborah Rieders Corcoran Group

    Section Image
  • 630 Grand Ave Unit 505, Crown Heights, NY 11238

    $2,650,000

    • 3 Beds
    • 2.5 Baths
    • 1,488 Sq Ft
    • 630 Grand Ave
    • Unit 505
    • Crown Heights, NY

    Two years of common charges paid for by the sponsor for all new deals that go into contract until the end of July. Closings imminent. Building has received the TCO. 630 Grand Avenue is a unique and inviting 32-unit condo situated at the crossroads of Grand Avenue, between St. Marks Avenue and Prospect Place, in prime Prospect Heights, Brooklyn. A mix of light-filled 1, 2, and 3-bedroom

    Deborah Rieders Corcoran Group

    Section Image
  • 84 6th Ave Unit 1, Brooklyn, NY 11217

    $2,150,000

    • 2 Beds
    • 2.5 Baths
    • 1,695 Sq Ft
    • 84 6th Ave
    • Unit 1
    • Brooklyn, NY

    Welcome to 84 6th Avenue, an exquisite two-bedroom, two-and-a-half-bathroom duplex condominium where timeless Brooklyn architecture meets thoughtful, high-end renovation. Nestled within a beautifully restored 1884 Neo-Grec brownstone in the Park Slope Historic District, this nearly 1,700-square-foot home offers an extraordinary combination of indoor comfort and rare private outdoor

    Michael Franco Compass

    Section Image
  • 84 6th Ave Unit 2, Brooklyn, NY 11217

    $2,195,000

    • 2 Beds
    • 2 Baths
    • 1,139 Sq Ft
    • 84 6th Ave
    • Unit 2
    • Brooklyn, NY

    Quintessential Brooklyn brownstone living in prime Park Slope with extremely low monthlies. Historic charm meets modern comfort. This pristine home, encompassing the full parlor floor of a boutique 4-unit condominium, offers 1,139 square feet of living space. With 2 bedrooms, 2 full bathrooms, a kitchen/dining/living great room, and a home office space, it is perfect for those seeking a blend of

    John Barbato Compass

    Section Image
See All Homes in Brooklyn

Source: NY State MLS

MLS Number: 11494684

NY State MLS

APN: 01129-1258

New York Kings County Brooklyn 11238 Prospect Heights

550 Vanderbilt Ave Unit 1508, Brooklyn, NY

This home is located at 550 Vanderbilt Ave Unit 1508, Brooklyn, NY 11238 and is currently priced at $2,500,000, approximately $1,664 per square foot. 550 Vanderbilt Ave Unit 1508 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.

NY State MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Ivy Kramp
Listing Agent
Ivy Kramp
Section Image
Compass
(929) 499-0208