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550 Vanderbilt Avenue #1516

- ft²

2 rooms

Studio

1 bath

Condo
Prospect Heights
Resale

recorded sale

Sold on 12/12/2022

Verified by closing records

Last listed for $749,000

Seller's agent

Victoria Ye

Licensed Real Estate Salesperson

Compass

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Listing by Compass, Corporate Broker, 110 5th Avenue, New York, NY 10011

Common charges

$597/mo

Estimated payment

$4,889/mo

Taxes

$17/mo

Tax abatement

421a expires in 2043

About

Seller’s agent

Victoria Ye

Licensed Real Estate Salesperson

Compass

Buyer’s agent

Jerry Chuanyung Wang

Licensed Real Estate Broker

Fact Real Estate LLC

description

New reduced price of $749,000. Motivated Seller. 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.

Policies

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Home features

Central air
Dishwasher
Hardwood floors
View
City, Skyline, Water
Washer/dryer

Building amenities

Services and facilities

Bike room
Concierge
Doorman
Elevator
Laundry in building
Live-in super
Package room
Parking
Garage
Storage space
Wheelchair access

Wellness and recreation

Children's playroom
Gym

Shared outdoor space

Roof deck

About the building

550 Vanderbilt Avenue

550 Vanderbilt Avenue, Brooklyn, NY 11238

Condo building inProspect Heights

278 units

17 stories

2017 built

For sale

6 available units for sale

For rent

3 available units for rent

Documents and permits

View documents and permits

Learn more about 550 Vanderbilt Avenue

Property history

Price Change: ↓ $20,000 (-2.6%) on 9/23/22
Days on market: 387 days

Date	Price	Event
12/12/2022	$700,000	Sold by Compass
11/3/2022	$749,000	In contract
9/23/2022	$749,000	Price decreased by 3%
6/6/2022	$769,000	Price decreased by 2%
10/12/2021	$785,000	Listed by Compass

Past listing photos

12/12/2022

3/26/2018

Explore Prospect Heights

Transit

Location	Distance
Cat Clinton & Washington Avs	0.23 miles
BQat 7th Av	0.29 miles
23at Bergen St	0.33 miles
23at Grand Army Plaza	0.38 miles
Cat Lafayette Av	0.42 miles

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About Prospect Heights

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

Studio

$715K

RentalsMedian asking base rent

Studio

$3,552

Prospect Heights offers a vibrant mix of old and new Brooklyn. Often referred to as a fallback for people unable to afford Park Slope, the area has recently become known for its own unique personality - as well as its rising real estate value. The commercial strips of Vanderbilt and Washington Avenues offer a mix of bodegas and inveterate neighborhood standbys next to a new spate of hipster-centric bars and restaurants. Turn down any side street, however, and you can encounter gorgeous old brownstones surrounded by quiet greenery.

Learn more about Prospect Heights