Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,670,000

· Closed August 25, 2023

550 Vanderbilt Avenue #1503
Closed For Sale Condo

$1,670,000

$1,670 per sq ft

550 Vanderbilt Avenue #1503

Prospect Heights, Brooklyn

MLS® #RLS10882449

RLS at REBNY

Listing by Bond New York Properties LLC

2

Bedrooms

2

Baths

1,000

Sq. Ft.

2016

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,000 sq ft
Year Built 2016
Ownership Condo
HOA/Common Charges $1,486/mo
Property Taxes $432/yr
Parking Garage
Neighborhood Prospect Heights
Floor 15

Property Highlights

  • Views: City
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 15
View City
Pets Yes
Cross Street Pacific Street and Dean Street
Year Built 2016
Living Area 1,000 sq ft
Parking Garage Available
Parcel # 01129-1257

Listing History

Event Date Price Change
Listed May 16, 2023 $1,670,000 -
Currently May 18, 2026 $1,670,000 -

Description

550 Vanderbilt is a modern luxury full service condominium in Prospect Heights. Located on Vanderbilt Avenue & Dean Street. With RETAX abatement, this apartment is great for self use or investors.

Residence 1503 is a high floor sunny 2-bedroom, 2-bath home with oversized windows that capture the gorgeous neighborhood and city views. This apartment features high ceilings, 4-inch white oak floors, oversized windows with amazing views, sunlights, and multiple closets. The full sized in unit washer/dryer makes life easy.
The seamless kitchen is outfitted with a premium appliance package and a vented cooktop hood. And the two bathrooms are superior mix of Grohe fixtures and Carrara marble.

Residents will enjoy a wealth of services and amenities including 24-hour doorman and concierge, a fitness center, library, lounge, dining room, catering kitchen, outdoor entertaining, bike storage, a playroom, landscaped roof deck, outdoor kitchen, and communal gardens with farming on the roof terrace.

Come and experience the new Brooklyn, explore the local shops, cafes, and restaurants in the area. The building is minutes away from Prospect Park, Grand Army Plaza, Barclays Center and Fulton Street. Transportation is easily accessible with the 2, 3, 4, 5, A, C, B, D, G, N, Q, and R trains close by.
Please contact LISTING AGENT for a showing appointment.
BOND New York Properties is a licensed real estate broker that proudly supports equal housing opportunity.

Features & Amenities

Interior Features

Common Area

Exterior Features

Building Roof Deck

Appliances

Dryer Dishwasher Washer

Financial Details

Common Charges $1,486/mo
RE Taxes $432/yr ($36/mo)
Sale Price $1,670,000

Prospect Heights is a compact Brooklyn neighborhood anchored by the Brooklyn Public Library, Grand Army Plaza, Prospect Park, and the Brooklyn Museum. The real estate market features historic brownstones, pre-war cooperatives, and new developments like Pacific Park, with 2/3/B/Q/4 train service.

Prospect Heights Live Market Data

View Neighborhood

Active Listings

35

Median Asking Price

$1.50M

Median $/Sqft

$1,370

Avg Days on Market

N/A

New This Week

2

Price Reduced

17%

Sold (30 Days)

1

Median Sale Price

$635K

Live data from RLS at REBNY • Updated 5/17/26, 11:23 PM EST

Similar Listings in Prospect Heights

View All

Location

Loading map...

550 Vanderbilt Avenue #1503, Prospect Heights, Kings County • Near Pacific Street and Dean Street

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2015
Year Built
11 years old
18
Floors
278
Residential Units
R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $40,523,435
Land Value: $1,421,994
Exemptions: $39,529,202

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 39,392 SF
Building Area: 268,405 SF
Built FAR: 6.81
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,486 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $432, or roughly $36 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2016, making it approximately 10 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,670,000 for 1,000 sq ft, the asking price per square foot is approximately $1,670. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10882449
First Listed: 5/16/2023
Price Changed: 5/16/2023
Closed: 8/25/2023
Contract Date: 5/16/2023

Listing Courtesy of Bond New York Properties LLC - Michael Chen

Listing Contact: (646) 327-8083

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/18/2026 at 3:23 AM UTC

Buying a Condo? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton