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$980,560
List Price: $998,000
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550 Vanderbilt Avenue #720
Condo in Prospect Heights •  building info
1bd • 1ba • 646ft² $1,545 per ft²
Buy with Yoreevo

$980,560

List Price

$998,000

Open Sun, Jun 14 (2pm - 3:30pm) (by appt.)
Key Details
Days on market
12
Last price change
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Estimated payment
$5,703/mo
Taxes
$24/mo
Common charges
$892/mo
Description
Luxury Brooklyn Living Redefined: Unparalleled Value & Timeless Design Residence 720, a bright West-facing 1BR at 550 Vanderbilt presents a rare opportunity to own a luxury condominium in the heart of Prospect Heights. Perfectly suited as a primary residence, a sophisticated pied--terre, or a high-yield investment property, this beautiful home delivers an unmatched combination of low carrying costs, premier amenities, and a prime Brooklyn location. Unbeatable Financials 421-A Tax Abatement: In place until 2043, shielding the asset from immediate full-market real estate tax exposure. Currently at an astonishingly low $24. Low Carrying Costs: Combined with reasonable common charges, the total monthly cost of ownership is just $1.42/sf, making this one of the smartest, most cost-effective buys in Brooklyn today. The Residence Bathed in natural light with peaceful courtyard views, this beautifully designed home features soaring 10-foot ceilings, rich chestnut hardwood floors, and expansive double-paned windows with a bright western exposure. Chefs Kitchen: Sleek marble countertops, abundant cabinetry and pantry storage, and a full suite of premium Miele appliances, including a gas cooktop with externally vented range hood for true chef-level performance. Bedroom & Bath: The spacious bedroom offers a large walk-in closet, while the spa-like bathroom features elegant Carrara marble finishes and a custom walnut vanity. Convenience: An in-unit washer and dryer completes this thoughtfully appointed home. The Building & Amenities Designed by the acclaimed architecture firm COOKFOX, 550 Vanderbilt offers over 10,000 square feet of world-class, luxury amenities: 24-hour attended lobby & concierge Library, lounge, and private dining room with catering kitchen Landscaped rooftop terrace with communal gardens, grills, and outdoor dining State-of-the-art fitness center curated by The Wright Fit, featuring Peloton bikes and private studios Childrens playroom The Neighborhood Perfectly positioned at the intersection of Prospect Heights and Pacific Park, residents enjoy immediate access to local green spaces, Barclays Center, and some of Brooklyns finest dining and shopping. Commuting is seamless, with the B, Q, C, 2, and 3 subway lines just moments away. Contact us today to schedule your private showing. PS. Pics from the unit one floor below at identical size, layout and exposure.

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Important Stuff
Washer/Dryer in unit
Elevator
Full Time Doorman
Home features
Central Air
Dishwasher
Hardwood floors
Storage Available
View

City, Garden, Skyline

Building amenities
Services and facilities
Bike Room
Concierge
Fios Available
Laundry in Building
Live In Super
Package Room
Parking

Garage

Storage Space
Wheelchair Access
Wellness and recreation
Children's Playroom
Gym
Media Room
Shared outdoor space
Roof Deck
Building info

History
What it'll cost
Purchase price
$998,000
Asking Price: $998,000
Term
30 Years
Down Payment
$199,000 (20%)
Min: 20% (199,000)
Rate
6.0 %
Mortgage Amount
$798,400
Mortgage Payment
$4,787
Common Charges
$892
Taxes
$24
Estimated Yoreevo rebate
$17,440
Estimated closing cost
$28,000
Total monthly cost $5,703
Buy your dream home with us and get an estimated $17,440 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Jade Stone Consulting Inc

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