Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
550 Vanderbilt Avenue #1601

For Sale · Listing by Compass

550 Vanderbilt Avenue #1601

Prospect Heights, Brooklyn

$2,125,000

Interested in this property?
Active For Sale • Condo

$2,125,000

$1,625 per sq ft

550 Vanderbilt Avenue #1601

Prospect Heights, Brooklyn

550 Vanderbilt Avenue

MLS® #RLS20121943

RLS at REBNY

Listing by Compass

Open House Scheduled

Sunday, October 25 • 11:30 AM – 12:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

2
Bedrooms
2
Baths
1,308
Sq. Ft.
2017
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,308 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $1,947/mo
Property Taxes $571.32/yr
Parking Garage
Neighborhood Prospect Heights
Floor 16 of 17

Property Highlights

  • Views: City
  • Exposure: East,North facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Floor 16 of 17
View City
Exposure East,North
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 2017
Living Area 1,308 sq ft
Parking Garage Available
Parking Features Garage
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 01129-1267
Block/Lot 01129/1267

Listing History

Event Date Price Change
Listed Oct 20, 2026 $2,125,000 -
Currently Oct 21, 2026 $2,125,000 -

Description

All showings by appointment. Sweeping Views & Beautifully Preserved Interiors at 550 Vanderbilt. Bathed in natural light and framed by sweeping open views, Residence 1601 is a beautifully preserved two-bedroom, two-bathroom condominium offering exceptional space and a sense of calm above Prospect Heights. Spanning approximately 1,308 square feet, the home is defined by its expansive windows, airy proportions, and warm finishes. The unit features a rare corner living room with an open kitchen. The multiple exposures provide beautiful natural light throughout the day and create a seamless backdrop for both everyday living and entertaining. The open kitchen pairs custom grey lacquer cabinetry with sleek finishes, lime-washed walnut accents, white Carrara marble countertops, a striking marble backsplash, and a suite of fully integrated Miele appliances. Additionally, there is a side by side washer/dryer and a central climate control system. Thoughtfully designed and exceptionally well maintained, it balances clean, modern living with a timeless warmth. Wide-plank wood floors carry throughout, while both full bathrooms feature refined stone finishes and rich wood vanities, Offered for resale for the first time, the residence has been meticulously preserved since its original purchase, presenting a rare opportunity to acquire a home that feels remarkably fresh without sacrificing its original design integrity. Set within 550 Vanderbilt, a sought-after condominium in the heart of Prospect Heights, the home combines elevated city living with access to one of Brooklyn's most vibrant neighborhoods. Equipped with a 24-hour white-glove doorman service, a library by McNally Jackson, a fitness center by The Wright Fit, a residents' lounge with catering kitchen, children's playroom, and pet grooming station. The spectacular rooftop terrace features communal gardens and city views, offering an exceptional setting to unwind above the city. With its generous scale, exceptional natural light, open skyline views, and pristine condition, Residence 1601 is a rare opportunity to make a beautifully maintained home your own. Ideally located near the A, C, B, Q, 2, and 3 subway lines, with convenient access to Atlantic Terminal and the LIRR, 550 Vanderbilt offers effortless connectivity throughout Brooklyn and Manhattan.

Features & Amenities

Interior Features

Entrance Foyer Eat In Kitchen High Ceilings Walk In Closets Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Flooring: Hardwood

Exterior Features

Building Barbecue Building Courtyard Building Garden Building Roof Deck

Building Amenities

Bike Storage Common Lounge Common Playroom Elevators Fitness Center Recreation Room Clubhouse

Appliances

Dishwasher

Building Information

Financial Details

Common Charges $1,947/mo
RE Taxes $571.32/yr ($48/mo)

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

32

Median Asking Price

$1.30M

Median $/Sqft

$1,512

Avg Days on Market

N/A

New This Week

5

Price Reduced

16%

Sold (30 Days)

12

Median Sale Price

$1.21M

Live data from RLS at REBNY • Updated 10/21/26, 2:49 AM EST

Similar Listings in Prospect Heights

View All

Location

Loading map...

550 Vanderbilt Avenue #1601, Prospect Heights, Kings County

Floor Plans

Floor Plan 1

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 $1,947 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $571.32, or roughly $48 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 1,308 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: Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $2,125,000 for 1,308 sq ft, the asking price per square foot is approximately $1,625. 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: RLS20121943
First Listed: 10/20/2026
On Market: 10/20/2026
Price Changed: 10/20/2026
Contract Date: 10/13/2026

Listing Courtesy of Compass - Amanda McAvena

Listing Contact: (614) 364-2123

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.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/21/2026 at 6:49 AM UTC

See it in person

Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

View Bio →

Sale history, taxes, violations and comps for this unit

(917) 416-7433 WhatsApp Email Milton
Hablo Español

Prospect Heights Market Update

12 sales last 30 days · $1.30M median · 2.7 months supply

Read Full Report

New listings in this building

Quick Facts

Status Active Type Condo Neighborhood Prospect Heights Borough Brooklyn
County Kings
Floor 16 of 17
Year Built 2017
First Listed 10/20/2026
Parking Garage
Living Area 1,308 sqft
Common Charges $1,947/mo
Annual Tax $571.32

Monthly Costs Estimate

Down Payment 20%

$425,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $1,947
Est. Taxes $48
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$26,563

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

Back to Search

Find more properties

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?

Are you already working with an agent? (optional)

Your info is secure and never shared.

You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.

Call Text Email