Buy with Yoreevo
$769,300
List price: $785,000
New Development
Share Listing
Save Listing
550 Vanderbilt Avenue #1516
Condo in Prospect Heights •  building info
studio • 1ba • 451 ft² $1,741 per ft²
Buy with Yoreevo

$769,300

List price

$785,000

Tour this home • it's free, with no obligation!
Thursday
2
Dec
Friday
3
Dec
Saturday
4
Dec
Sunday
5
Dec
Monday
6
Dec
Tuesday
7
Dec
Wednesday
8
Dec
Thursday
9
Dec
Friday
10
Dec
Saturday
11
Dec
Sunday
12
Dec
Monday
13
Dec
Tuesday
14
Dec
Wednesday
15
Dec
Ask a Question
Key Details
Days on market
50
Last price change
loading...
Estimated payment
$4,377
Taxes
$16
Monthly common charges
$596
Description
25yrs 421-A TAX ABATEMENT!! First resale of one of the most-coveted studio lines at 550 Vanderbilt Avenue. Residence 1516 is a designer home on a high floor with open Western views. This home offers floor to ceiling windows looking at the expansive views of Brooklyn skyline, downtown Manhattan and Statue of Liberty. This chic and modern designer home has an open loft-like space with soaring 10ft ceilings highlighted by white-washed, wide-plank oak floors throughout. This beautiful home has space for a living room, sleeping area, office overlooking the open views with incredible sunsets. The open Chef's kitchen includes top-of-the-line Miele appliances, vented hood, garbage disposal, white Carrera marble countertops and backsplash. The custom gray lacquer cabinets with walnut shelving accents offers plenty of storage. The spa like bathroom has subway tiles, walnut vanity and chrome fixtures. Custom designer blinds and curtains, walk-in closet and in-unit washer/dryer completes this home. Pacific Park (Brooklyn's newest neighborhood), will have over 8 acres of lush green space once completed. This building offers 10,000sqft of amenities to all residents: a 24-hour concierge, fitness center, lounge with catering kitchen, playroom, a library, pet grooming station, and a landscaped roof terrace with expansive views of the city, skyline and neighboring brownstones. Rooftop has a unique communal garden and BBQ for dinner parties. Transportation: express and local trains C, B, Q, 2, 3 are just 3-5 minutes away. In additional all the trains available at the nearby Barclay Center: 4, 5, B, D, N, Q, R and W, and the LIRR for weekends to Fire Island and the Hamptons. Top restaurants such as Olmstead and numerous cafes are on Vanderbilt Ave including Brooklyn Museum and Prospect Park. Best of all, this building offers a rare 25-year 421-A tax abatement until 2043. Taxes are only ~$17/month! Ideal for investment and 1031 exchange, easy to rent out. And for homeowners, cheaper than paying rent. Developed by Forest City Ratner Companies and Greenland USA, 550 Vanderbilt and Pacific Park will not just redefine luxury living, they will reform upscale lifestyles as we know them. In all, Pacific Park will encompass 8 million square feet of residential, retail, commercial, and entertainment destinations. Welcome home to Brooklyn's most vibrant and exciting new neighborhood.

Read Less

Important Stuff
Doorman
Washer/Dryer In Unit
Amenities
BUILDING AMENITIES
  • Gym
  • Garden
  • Bike Room
  • Roof Deck
  • Fios Available
  • Parking Available
  • Storage Available
  • Children's Playroom
  • Community Recreation Facility
LISTING AMENITIES
  • Garage
  • Laundry
  • Storage
  • City View
  • Concierge
  • Bicycle Room
History
What it'll cost
Purchase price
$785,000
Asking Price: $785,000
Term
30 Years
Down Payment
$157,000 (20%)
Min: 20% (157,000)
Rate
6.0 %
Mortgage Amount
$628,000
Mortgage Payment
$3,765
Common Charges
Taxes
$16
Estimated Yoreevo rebate
Estimated closing cost
Total monthly cost $4,377
Buy your dream home with us and get an estimated
$15,700 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Courtesy of Compass

IDX information is provided exclusively for consumers' personal, noncommercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY listing service, Inc all rights reserved.

RLS IDX Data display by Yoreevo.