NOT LISTED FOR SALE

Estimated Value: $2,073,000 - $2,374,806

2 Beds
2.5 Baths
1,503 Sq Ft
39,378 Sq Ft Lot

Last Sold October 12, 2021

Last sale price $2,125,000 $1,414 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $13,543/month

Highlights

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

About This Home

As of October 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.

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

Last Agent to Sell the Property

Jennifer Alese

Serhant License #10301216454 Listed on: 07/26/2021

Serhant

Co-Listed By

Jim Hayes

Serhant License #10401229618

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $660

Year Built

  • Built in 2017

Lot Details

  • 0.9

HOA Fees

  • $1,790 Monthly HOA Fees

Home Design

  • Entry on the 16th floor

Interior Spaces

  • 1,503 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • 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

$660

Year Built

Built in 2017

Lot Details

0.9 Acres

HOA Fees

$1,790 per month

Listing Details

  • Cross Street: Dean Street/Pacific Street
  • Exposures: North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Pacific Park
  • Entry Level: 16
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1503.0
  • Living Area Units: Square Feet

Beds/Baths

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

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: 1790.0
  • 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: 660.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Sep 29, 2021
Sold by
Pacific Park 550 Vanderbilt Llc
Bought by
Patnaik Ira
Seller's Agent
Jennifer Alese
Serhant
List Price
$2,125,000
Sold Price
$2,125,000
Current Estimated Value
$2,248,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,202
Avg. Annual Appreciation
1.28%
Original Mortgage
$1,700,000
Outstanding Balance
$1,550,241
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$697,961

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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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
Patnaik Ira $2,125,000 --
Fc Atlantic Yards Llc $119,670,000 --
Atlantic Yards Puc Venture Llc $119,670,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patnaik Ira $1,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2021 10/12/21 Sold $2,125,000 0.0% $1,414 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $2,125,000 -- $1,414 / 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 $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 $650 $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

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10733883

Real Estate Board of New York (REBNY)

APN: 01129-1270

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