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550 Vanderbilt Avenue #1203

BROOKLYN, NY

$1,575,000

2 Beds | 2 Baths

THE ULTIMATE PROSPECT HEIGHTS INVESTMENT: A Sun-Drenched 2BR with Southern Open Views, Major Price Drop & Powerful 421-A Savings + Private Storage!

This is the opportunity you have been waiting for.
Now offered at $1,575,000 after a major price improvement, Residence 1203 is an exceptional investment and the undisputed value leader in 550 Vanderbilt, Prospect Heights' most popular luxury condominium. Bathed in southern light with beautiful open views, this homes financial power is extraordinary, featuring ultra-low monthlies that make it the smartest buy on the market.

This is an investment-grade asset with an undeniable competitive edge:
- The Most Attainable Value: The lowest-priced 2-bedroom, 2-bathroom residence in 550 Vanderbilt.
- Powerful Tax Advantage: A 421-A tax abatement is in place until 2043, slashing your monthly property taxes to just $37 and providing dramatic savings.
- Ultra-Low Carrying Costs: With incredibly low taxes and reasonable common charges, the monthly cost of ownership is exceptionally low at $1.46/sf!
- A Bonus Private Asset: A deeded storage unita coveted amenity valued at over $30,000is included in the sale.
- Prestigious Design & Amenities: An acclaimed COOKFOX design pedigree and an amazing amenity package ensure a world-class living experience.

Located on the 12th floor with sweeping views, this sun-filled home boasts 11-foot ceilings and wide-plank chestnut floors that enhance its bright, airy atmosphere. The home features a spacious living room and a primary en-suite bedroom. The gourmet kitchen is appointed with premium Miele appliances and Carrara marble, perfect for the modern chef, and includes an in-unit washer and dryer.

550 Vanderbilt is recognized as the most sought-after condominium in Prospect Heights. Your living space extends to over 10,000 sq. ft. of amenities, including white-glove, 24-hour service, a library by McNally Jackson, a fitness center by The Wright Fit, a lounge with a catering kitchen, pet station, bike storage, in-building laundry, and an amazing rooftop terrace with communal gardens and breathtaking city views.

Situated at the nexus of culture and convenience in what Redfin named one of America's "hottest neighborhoods in 2025," you are steps from the 8-acre Pacific Park, Barclays Center, Prospect Park, and an unrivaled transportation hub with a dozen subway lines. This is the epicenter of modern Brooklyn.

Priced to sell immediately. Do not miss the best value in 550 Vanderbilt. Contact us today for a private showing.

**Open houses are by appointment.**

Amenities

Bicycle Room
Bike room
Common Outdoor Space
Common parking/Garage
Common roof deck
Full-time doorman
High Ceilings
On-site laundry
Parking Available
Pets - Cats ok
Pets - Dogs ok
Receiving Room
Concierge
Dishwasher
Elevator
Gym/Fitness
Hardwood
Storage
Washer/Dryer

Nearby Subway Lines:

Listing in contract Sale Listing ID: #2443677

payments

$1372/month Common Charges

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$444/year Taxes

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Prospect Heights Location

apartment

Condominium Building Type

stairs

12 Floors

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5 Total Rooms

square_foot

995 sq. ft. Interior Space

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2015 Year Built

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$9,581/month Est. Monthly Payment

The monthly total payment including maintenance and/or common charges plus taxes is $9,581/month. This assumes 20% down payment and a 30 year rate of 6.75%. Want to know approximate closing costs? Visit our closing cost calculator

Listing by Jade Stone Real Estate Consulting Inc
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 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.

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Estimated Monthly Payment

Home Price

Down Payment

Loan Term

Interest Rate

Mortgage Amount* N/A

Mortgage Payment N/A

Common Charges $1372.00

Charges condo owners pay to cover building operating costs.

Taxes $37

The home's NYC property taxes. Amount provided by the seller's agent. May be subject to change.

Estimated Monthly Payment $6,003

*All calculations are estimates provided by Highline for informational purposes only. The Mortgage Amount includes principal and interest. Home insurance is not included. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.

About the Neighborhood

Prospect Heights

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