SOLD FOR $1,560,000
Listed at $1,575,000 · Sold 1.0% below asking · Closed February 6, 2026
550 Vanderbilt Avenue #1203
MLS® #RLS20042823
Listing by Jade Stone Real Estate Consulting Inc
2
Bedrooms
2
Baths
995
Sq. Ft.
2017
Year Built
Quick Summary
Property Highlights
- Exposure: South facing
- Outdoor Space: Rooftop
- Climate Control: Central Air
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Aug 14, 2025 | $1,575,000 | - |
| Currently | May 7, 2026 | $1,575,000 | - |
Description
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.**
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Financial Details
About Prospect Heights
View All Prospect Heights ListingsProspect 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 NeighborhoodActive Listings
42
Median Asking Price
$1.47M
Median $/Sqft
$1,346
Avg Days on Market
N/A
New This Week
8
Price Reduced
7%
Sold (30 Days)
9
Median Sale Price
$1.55M
Live data from RLS at REBNY • Updated 5/7/26, 7:06 AM EST
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Location
550 Vanderbilt Avenue #1203, Prospect Heights, Kings County
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Floor Plans
Floorplan
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $1,372 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $444, or roughly $37 per month. Verify the current assessment with your attorney before closing.
This property has 2 bedrooms and 2 full bathrooms.
The listed interior living area is 995 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2017, making it approximately 9 years old.
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 $1,575,000 for 995 sq ft, the asking price per square foot is approximately $1,583. 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) 416-7433Listing Courtesy of Jade Stone Real Estate Consulting Inc - Anne Huiwen Chang
Listing Contact: (917) 494-0531
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 Data display by Keller Williams NYC. Data last updated on 5/7/2026 at 11:06 AM UTC