Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,050,000

Listed at $1,100,000 · Sold 4.5% below asking · Closed May 23, 2022

550 Vanderbilt Avenue #421
Closed For Sale Condo

$1,100,000

$1,565 per sq ft

550 Vanderbilt Avenue #421

Prospect Heights, Brooklyn

MLS® #RLS10792281

RLS at REBNY

Listing by Spire Group Inc.

1

Bedroom

1

Bath

703

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 703 sq ft
Year Built N/A
Ownership Condo
HOA/Common Charges $858/mo
Property Taxes $300/yr
Parking Garage
Neighborhood Prospect Heights
Floor 4

Property Highlights

  • Views: City
  • Outdoor Space: Building Patio, Building Terrace
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 4
View City
Cooling Central Air
Pets Yes
Living Area 703 sq ft
Parking Garage Available
Parcel # 01129-1076

Listing History

Event Date Price Change
Listed Mar 9, 2022 $1,100,000 -
Currently May 18, 2026 $1,100,000 -

Description

*25-year 421A Tax abatement in place!!
*East facing ( away from the construction site )
*Washer / Dryer in Unit & Walk-in closet & 2 high end exterior planters
*A luxury full-service condo building in the heart of Prospect Heights, Brooklyn with 11 subways within walking distance.

NEW TO MARKET: This stunning East facing large 703 sq ft 1 BR with lofty ceiling heights and oversized window has been designed using a palette of natural, organic elements with an array of sophisticated fixtures and finishes. Contemporary open layouts are complimented by wide-plank white-washed oak floors with that capture the gorgeous brownstone Brooklyn view. The sublime kitchen offers custom gray lacquer cabinetry, white Carrara marble counter tops and back splash, and a suite of fully integrated Miele appliances, including a vented cook top hood and garbage disposal. The bathroom with vanity sink and stainless-steel Grohe fixtures, light Carrara marble, spacious walnut vanity and soaking tub. Additionally, there are a Bosh washer/dryer closet, a coat closet, a walk-in closet and 2nd closet in bedroom, central climate control system in unit, plus 2 high end exterior planters.

Designed inside and out by celebrated architect COOKFOX. The building is a Silver LEED building. Residents will enjoy 10,000 square feet of amenities including white-glove, 24 hour door service, a library by McNally Jackson, fitness center by The Wright Fit, lounge with catering kitchen, Childrens playroom, pet wash station, bike storage, an amazing rooftop terrace with communal gardens and breathtaking city views and a live-in super.

This building has a short distance to Prospect Park, Barclay Center, Atlantic Center shopping mall, Brooklyns Botanical Garden and Brooklyn Bridge Park. In addition, you are surrounded by 5 historical Brooklyn neighborhoods, cultural landmarks, and a transportation hub ready to take you anywhere. Quick access to Manhattan with 11 subways nearby including B/C/Q/2/3/4/5/G/D/N/R and also to the LIRR. 550 Vanderbilt is a condominium like no other, providing its residents with an extraordinary opportunity to connect with the community and nature, all in the very heart of Brooklyn, New York Citys most exciting borough.

Please email the listing agent for more information or request in-person showings.





Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Patio Building Terrace

Appliances

Dryer Washer

Financial Details

Common Charges $858/mo
RE Taxes $300/yr ($25/mo)
Sale Price $1,050,000

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, 8:07 AM EST

Similar Listings in Prospect Heights

View All

Location

Loading map...

550 Vanderbilt Avenue #421, Prospect Heights, Kings County

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 $858 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $300, or roughly $25 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 703 square feet. Verify dimensions independently during due diligence.

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 $1,100,000 for 703 sq ft, the asking price per square foot is approximately $1,565. 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 [email protected]. 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: RLS10792281
First Listed: 3/9/2022
Price Changed: 3/9/2022
Closed: 5/23/2022
Contract Date: 3/9/2022

Listing Courtesy of Spire Group Inc. - Lucy Pang

Listing Contact: (212) 500-1900

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 12:07 PM UTC

Buying a Condo? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton