NOT LISTED FOR SALE

Estimated Value: $913,000 - $1,043,792

1 Bed
1 Bath
654 Sq Ft
39,378 Sq Ft Lot

Sale Details

Date Sold: April 8, 2022

Last sale price $980,000 $1,498 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,114 / mo

45 Days on Market

Highlights

  • Rooftop Deck
  • New Windows
  • 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 April 2022

25 year 421-a tax abatement! Welcome home to 550 Vanderbilt, Prospect Heights' new luxury condominium and the first to rise in Pacific Park, Brooklyn's newest neighborhood. Residence 403 is a 1-bedroom 1-bathroom home facing south into the quiet courtyard with treetop views. The 10-foot ceilings together with large windows allow for ample light and air, and wide plank wood floors highlight a palate of natural materials. The seamless kitchen features walnut accents and is outfitted with a premium Miele appliance package, including a vented cooktop hood. The bathroom is a superior mix of Grohe fixtures, Carrara marble, and a walnut vanity. In addition, a Bosch washer and dryer make life easy. Designed inside and out by celebrated architect COOKFOX, residents will enjoy an elevated experience in urban living. Not only does a full amenities suite await you, including a lounge that opens to the outdoors, a library, 8th-floor roof terrace, as well as personal storage, but through your own lobby, you will be connected to 8-acres of lush green space! 550 Vanderbilt has a gym, an attended lobby, and a live-in resident manager. In addition, you are surrounded by 5 historic neighborhoods, cultural landmarks, and a transportation hub ready to take you anywhere. 550 Vanderbilt is a condominium like no other, providing its residents with an extraordinary opportunity to connect with community and nature, all in the very heart of Brooklyn, New York City's most exciting borough. This unit is a perfect investment property or a primary residence.

Last Agent to Sell the Property

Calvin Xu

Christies International Real Estate Group LLC License #10301217841 Listed on: 01/17/2022

Christies International Real Estate Group LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $840

Year Built

  • Built in 2017

Lot Details

  • 0.9

HOA Fees

  • $797 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 654 Sq Ft Home
  • New Windows
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • South 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

$840

Year Built

Built in 2017

Lot Details

0.9 Acres

HOA Fees

$797 per month

Listing Details

  • Cross Street: Dean Street/Pacific Street
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Pacific Park
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 654.0
  • Living Area Units: Square Feet
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • 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: 797.0
  • 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: 840.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Apr 6, 2022
Sold by
Chen Sherine and Hernandez Damon Rene
Bought by
Marie S Lu Trust and Marie S. Lu, As Trustee
Seller's Agent
Calvin Xu
Christies International Real Estate Group LLC
List Price
$980,000
Sold Price
$980,000
Current Estimated Value
$991,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,448
Avg. Annual Appreciation
0.29%

Purchase Details

Closed on
Dec 23, 2019
Sold by
Chen Sherine
Bought by
Chen Sherine and Hernandez Damon Rene

Purchase Details

Listed on
Jul 5, 2017
Closed on
Jun 30, 2017
Sold by
Pacific Park 550 Vanderbilt Llc
Bought by
Chen Sherine
Seller's Agent
Emma Hao
Brown Harris Stevens Residential Sales LLC
Sold Price
$2,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,900
Interest Rate
3.94%
Mortgage Type
New Conventional
Source: Public Records
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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
Marie S Lu Trust $950,000 --
Chen Sherine -- --
Chen Sherine $867,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Sherine $606,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2022 04/08/22 Sold $980,000 0.0% $1,498 / Sq Ft
01/17/2022 01/17/22 For Sale $980,000 0.0% $1,498 / Sq Ft
08/08/2017 08/08/17 Rented -- -- --
07/09/2017 07/09/17 Under Contract -- -- --
07/06/2017 07/06/17 For Rent $3,000 -- --
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 $289 $83,655 $3,425 $80,230
2024 $289 $78,712 $3,425 $75,287
2023 $283 $75,049 $3,425 $71,624
2022 $283 $72,790 $3,425 $69,365
2021 $283 $62,171 $3,425 $58,746
2019 $289 $67,712 $3,425 $64,287
2018 $294 $61,470 $3,425 $58,045
2017 $4,137 $33,638 $3,425 $30,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10764676

Real Estate Board of New York (REBNY)

APN: 01129-1060

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