NOT LISTED FOR SALE

Estimated Value: $1,034,000 - $1,120,394

1 Bed
1 Bath
746 Sq Ft
$892/ mo HOA Fee

Last Sold May 14, 2021

Last sale price $960,000 $1,287 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,520/month

29 Days on Market

Highlights

  • Built in 2016 | Newly Remodeled
  • Central Air
  • 4-minute walk to Lowry Triangle
  • P.S. 9 The Sarah Smith Garnet School Rated A
  • South Facing Home

About This Home

As of May 2021

IN CONTRACT - First resale on one of the most-coveted 1-bedroom lines at Pacific Park (550 Vanderbilt Avenue). Residence 423 can't help but stand apart from all other 1-bedroom/1-bathroom units in this premier full-service condo in prime Prospect Heights in BROOKLYN. This partial corner residence clocks in at 746 SF and overlooks neighboring brownstones (so no construction!) and features unobstructed southern exposure. The oversized windows offer blue skies and streaming sunshine all day. Just three years old, this is the first resale in this highly desirable line which also includes a deeded storage space (4'x'7'x8) in the sale. This sleek and modern home has an open and loft-like living/dining area 32? long with 10? ceilings highlighted by white-washed, wide-plank oak floors throughout. The open chef's kitchen includes top-of-the-line Miele appliances - including vented hood - and white Carrera marble countertops and backsplash. The custom gray lacquer cabinets with walnut accents offer up plenty of storage. If that weren't enough, you also have that NYC-rarity - an InSinkErator food disposal system. At days end, soak your cares away in the tiled bath with Carrera marble and a walnut double-sink vanity - all with Grohe fixtures. Call it a night in your king-sized bedroom which boasts a large walk-in closet with custom built-ins. The double-paned noise-reduction windows promise you a peaceful night's sleep. Once completed, Pacific Park (Brooklyn's newest neighborhood) - with its 8 acres of lush green space - will truly be like living in a park. The building offers 10,000 SF of amenities to all residents: a 24-hour concierge, fitness center by The Wright Fit, lounge with catering kitchen, playroom, a library by McNally Jackson, pet grooming station, and a landscaped roof terrace with expansive views of the city, skyline and neighboring brownstones. Your commute will be a breeze with express and local trains just 5 minutes away - C, B, Q, 2, 3 - and additionally all the trains available at the nearby Barclay Center/Atlantic Terminal - 4, 5, B, D, N, Q, R and W, and the LIRR for those quick escapes to the Hamptons and the beaches of Long Island. You will be in the heart of some of the best restaurants, bars, cafes and entertainment that Brooklyn has to offer with just a stroll down Vanderbilt Ave. A 25-year 421-A tax abatement in place until 2043.

Last Agent to Sell the Property

Bruce Henderson

Corcoran Group License #10301213331 Listed on: 01/14/2021

Corcoran Group

Co-Listed By

Michelle Maryk

Corcoran Group License #10301213166

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $324

Year Built

  • Built in 2016 | Newly Remodeled

HOA Fees

  • $892 Monthly HOA Fees

Home Design

  • 746 Sq Ft Home
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • South Facing Home
  • Central Air

Community Details

  • 278 Units
  • 550 Vanderbilt Condos
  • Prospect Heights Subdivision
  • 17-Story Property

Listing and Financial Details

  • Tax Block 1129

Property Details

Home Type

Condominium

Est. Annual Taxes

$324

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$892 per month

Listing Details

  • Cross Street: Dean Street
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Prospect Heights
  • Entry Level: 4
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 746.0
  • Living Area Units: Square Feet

Beds/Baths

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

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: 892.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Building Name: 550 Vanderbilt
  • Units: 278
  • Total Stories: 17
  • Year Built: 2016

Tax Info

  • Tax Block: 1129
  • Tax Annual: 324.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2021
Closed on
May 14, 2021
Sold by
Sokotch Amy
Bought by
Chen Yifu
Seller's Agent
Bruce Henderson
Corcoran Group
List Price
$995,000
Sold Price
$960,000
Premium/Discount to List
-$35,000
-3.52%
Current Estimated Value
$1,076,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,349
Avg. Annual Appreciation
2.39%
Original Mortgage
$30,169
Outstanding Balance
$27,195
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,049,154

Purchase Details

Closed on
Apr 19, 2017
Sold by
Pacific Park 550 Vanderbilt Llc
Bought by
Sokotch Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$713,250
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Chen Yifu $960,000 --
Sokotch Amy $951,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Yifu $30,169
Previous Owner Sokotch Amy $713,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $960,000 -3.5% $1,287 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $995,000 -- $1,334 / Sq Ft
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 $329 $95,428 $3,908 $91,520
2024 $329 $89,790 $3,908 $85,882
2023 $323 $85,610 $3,908 $81,702
2022 $321 $83,033 $3,907 $79,126
2021 $323 $70,920 $3,907 $67,013
2019 $330 $77,241 $3,907 $73,334
2018 $335 $70,120 $3,907 $66,213
2017 $4,719 $38,372 $3,907 $34,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10692293

Real Estate Board of New York (REBNY)

APN: 01129-1078

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