Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,350,000

· Closed December 18, 2025

550 Vanderbilt Avenue #1508
Closed For Sale Condo

$2,350,000

$1,565 per sq ft

550 Vanderbilt Avenue #1508

Prospect Heights, Brooklyn

MLS® #RLS20049014

RLS at REBNY

Listing by Compass

2

Bedrooms

2.5

Baths

1,502

Sq. Ft.

2017

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 1,502 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $2,104/mo
Property Taxes $660/yr
Parking Garage
Neighborhood Prospect Heights
Floor 15 of 17

Property Highlights

  • Exposure: North,West facing
  • Climate Control: Central Air
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full, 1 Half
Floor 15 of 17
Exposure North,West
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 2017
Living Area 1,502 sq ft
Parking Garage Available
Parking Features Garage
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Parcel # 01129-1258
Block/Lot 01129/1258

Listing History

Event Date Price Change
Listed Sep 16, 2025 $2,395,000 -
Currently Apr 28, 2026 $2,350,000 -1.9%

Description

25 Year Tax Abatement with 19 years remaining!! Welcome home to residence 1508, one of the largest 2-bedroom, 2.5 bath homes at 550 Vanderbilt spanning over 1500sf. This massive corner apartment has northwestern exposure and unobstructed stunning Manhattan skyline views from the oversized living room and primary bedroom. With 10 foot ceilings, 7 inch wide plank oak flooring, floor to ceiling windows and an excellent split 2-bedroom layout, this one is not to be missed! The chef's kitchen features all Miele appliances, custom grey lacquer and black cabinets, Carrara marble countertops and an oversized island. The hood that vents out of the building and the deep sink features a garbage disposal for added functionality. Custom bench sitting and a custom dining table fit perfectly and maximize the living room space. The primary king-sized bedroom features north exposure with city views, a custom walk-in closet with lighting and a spa-like marble clad ensuite bathroom with custom walnut double vanity, a huge mirrored medicine cabinet, walk-in shower and linen closet. The second bedroom is nearly as large as the primary and also has a walk-in closet and an ensuite bathroom with handmade tile from Spain and a deep soaking tub. Off the entryway, you will find an elegant marble clad powder room for guests, an oversized coat closet and a large side-by-side vented washer and dryer. A large storage unit is also included in this purchase of this unit. Situated in Pacific Park Brooklyn, a groundbreaking 22-acre development by Frank Gehry in Prospect Heights and designed by COOKFOX, 550 Vanderbilt provides rare access to 350,000 square feet of green space with various outdoor facilities. Residents enjoy 10,000 square feet of top-tier amenities, including 24-hour door service, a McNally Jackson library, a Wright Fit gym, resident lounge with catering kitchen, playroom, pet spa, and a rooftop terrace with grills, gardens and city views. With its 25-year tax abatement, the exceptionally low real estate taxes at this 550 Vanderbilt residence are a major draw and offer a significant financial advantage to the savvy buyer with a discerning eye. Don't miss this special unit which rarely comes on the market! *Some photos are virtually staged

Features & Amenities

Interior Features

High Ceilings Kitchen Island Walk In Closets Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Flooring: Hardwood

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 278
Stories 17
Structure HighRise

Financial Details

Common Charges $2,104/mo
RE Taxes $660/yr ($55/mo)
Original Price $2,395,000
Sale Price $2,350,000
Previous Price $2,395,000

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

30

Median Asking Price

$1.40M

Median $/Sqft

$1,446

Avg Days on Market

N/A

New This Week

2

Price Reduced

3%

Sold (30 Days)

4

Median Sale Price

$1.72M

Live data from RLS at REBNY • Updated 4/27/26, 9:38 PM EST

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Location

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550 Vanderbilt Avenue #1508, Prospect Heights, Kings County

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 $2,104 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $660, or roughly $55 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 1,502 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2017, making it approximately 9 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 $2,350,000 for 1,502 sq ft, the asking price per square foot is approximately $1,565. 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: RLS20049014
First Listed: 9/16/2025
On Market: 9/16/2025
Price Changed: 12/20/2025
Closed: 12/18/2025
Contract Date: 4/1/2025

Listing Courtesy of Compass - Ivy Kramp

Listing Contact: (646) 675-5186

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 4/28/2026 at 1:38 AM UTC

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