$2,100,000
SOLD JUL 30, 2021

550 Vanderbilt Brooklyn, NY 11238

Prospect Heights Neighborhood
2 Beds
2.5 Baths
1,502 Sq Ft
$1,771/mo HOA Fee

Recently Sold

$1,398 Per Sq Ft

1,133 Days on Market

Highlights

  • Rooftop Deck
  • City View
  • Central Air
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • Entrance Foyer
  • 4-minute walk to Lowry Triangle

About This Home

As of July 2021

**25 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, 2.5-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. *This is a Nest Seekers Exclusive

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD15-0007.

Co-Listed By

Jennifer Alese

Serhant License #10301216454

Serhant

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $672

Year Built

  • Built in 2017

HOA Fees

  • $1,771 Monthly HOA Fees

Interior Spaces

  • 1,502 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$672

Year Built

Built in 2017

Lot Details

0

HOA Fees

$1,771 per month

Listing Details

  • Cross Street: Dean Street/Pacific Street
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Pacific Park
  • Entry Level: 15
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1502.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1771.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

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

Tax Info

  • Tax Block: 1129
  • Tax Lot: 7501
  • Tax Annual: 672.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2019
Closed on
Aug 30, 2021
Sold by
Pacific Park 550 Vanderbilt Llc
Bought by
Nassr Adam and Yuan Jia-Ai
List Price
$2,100,000
Sold Price
$2,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.96%
Original Mortgage
$1,680,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

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: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

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

Agents Affiliated with this Home

  • Ivy Kramp

    Seller's Agent in 2025

    Ivy Kramp

    Compass

    (646) 645-5186

    2 in this area

    54 Total Sales

    Ivy Kramp
    Section Image
  • Jennifer Alese

    Seller Co-Listing Agent in 2021

    Jennifer Alese

    Serhant

    (631) 219-4922

    8 in this area

    70 Total Sales

    Jennifer Alese
    Section Image
See All Agents

About 550 Vanderbilt

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10615232

Real Estate Board of New York (REBNY)

APN: 01129-1258

New York Kings County Brooklyn 11238

Prospect Heights

This home and is currently priced at $2,100,000, approximately $1,398 per square foot. This property was built in 2017. This home 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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