Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,750,000

· Closed July 13, 2023

Closed For Sale Condo

$1,750,000

$1,663 per sq ft

550 Vanderbilt Avenue #1615

Prospect Heights, Brooklyn

MLS® #RLS10883193

RLS at REBNY

Listing by HomeDax Real Estate LLC

2

Bedrooms

2

Baths

1,052

Sq. Ft.

2016

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,052 sq ft
Year Built 2016
Ownership Condo
HOA/Common Charges $1,374/mo
Property Taxes $504/yr
Parking Garage
Neighborhood Prospect Heights

Property Highlights

  • Views: City, Park Greenbelt
  • Climate Control: Central Air
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
View City, Park Greenbelt
Cooling Central Air
Pets Yes
Year Built 2016
Living Area 1,052 sq ft
Parking Garage Available
Parcel # 01129-1273

Listing History

Event Date Price Change
Listed Apr 28, 2021 $1,750,000 -
Price Reduced Apr 16, 2023 $1,675,000 -4.3%

Description

This spacious, high floor 2 bedroom 2 bath condo offers unobstructed and expansive views of Brooklyn, Queens, and Long Island, including Arthur Ashe stadium, JFK, Jamaica Bay, Rockaway Beach as well as the historic Cathedral of St. Joseph which is across the street. In addition to enviable views, this unit features 2 full baths, 10 ceilings, in-unit washer/dryer, central A/C, dishwasher, a master suite as well as an open kitchen concept and wide-plank white-washed oak floors. With 20 years remaining on the buildings tax abatement, this apartment offers its new owner incredibly low monthly carrying costs for decades to come. The contemporary kitchen includes Miele appliances, custom grey lacquer cabinetry as well as white Carrara marble countertops and backsplash. This unit comes with a transferable 30 SqFt deeded storage unit in the basement. Only a third of apartments at 550 Vanderbilt offer this additional storage. 550 Vanderbilt is a premier, full-service new construction condo in the heart of Prospect Heights completed in 2017. The building features a full-time doorman & live-in super as well as 10,000 SqFt of amenities including a fitness center, rooftop terrace with communal gardens and skyline views, bike storage, lounge with catering kitchen, playroom and a pet washroom. Van Leeuwen, Beer Street South, and Ciao Gloria now occupy the retail units of the building (with many Michelin starred/noted restaurants on Vanderbilt and in the area). Great rental/investment possibility with this unit. All pets permitted.





Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Roof Deck

Appliances

Dryer Dishwasher Washer

Financial Details

Common Charges $1,374/mo
RE Taxes $504/yr ($42/mo)
Sale Price $1,750,000
Previous Price $1,675,000

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 5/18/26, 1:11 AM EST

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Location

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550 Vanderbilt Avenue #1615, Prospect Heights, Kings County

Virtual Tour

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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 $1,374 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $504, or roughly $42 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 1,052 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 $1,750,000 for 1,052 sq ft, the asking price per square foot is approximately $1,663. 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: RLS10883193
First Listed: 4/28/2021
Price Changed: 4/16/2023
Closed: 7/13/2023
Contract Date: 4/16/2023

Listing Courtesy of HomeDax Real Estate LLC - Nicholas Oliver

Listing Contact: (917) 960-8524

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 5:11 AM UTC

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