Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,895,000

· Closed October 10, 2025

Closed For Sale Condo

$1,895,000

$1,462 per sq ft

550 Vanderbilt Avenue #725

Prospect Heights, Brooklyn

MLS® #RLS20007564

RLS at REBNY

Listing by Redfin Real Estate

2

Bedrooms

2

Baths

1,296

Sq. Ft.

2017

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,296 sq ft
Lot Size 17,600 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $1,741/mo
Property Taxes $576/yr
Parking Garage
Neighborhood Prospect Heights

Property Highlights

  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 2 Full
Pets Yes
Year Built 2017
Living Area 1,296 sq ft
Parking Garage Available
Structure Type HighRise
Furnished Unfurnished
Lot Size 17,600 sq ft
Parcel # 01129-1165
Block/Lot 01129/7501

Listing History

Event Date Price Change
Listed Mar 6, 2025 $1,950,000 -
Currently May 7, 2026 $1,895,000 -2.8%

Description

550 Vanderbilt is the first residential building to open in Pacific Park Brooklyn, the revolutionary new Frank Gehry designed 22-acre project coming to Prospect Heights. Through the masterful vision of COOKFOX, 550 Vanderbilt offers the inaugural opportunity to live and own in New York’s newest park. With 350,000 square feet dedicated entirely to park space, children’s play areas, open lawns, basketball courts, dog runs, and more, this is unlike any living experience New York has ever seen. Living in 550 Vanderbilt will truly be like living in a park. The building, rated Silver LEED, has been designed with the philosophy of preserving open light and views from each of the 278 residences. Every component of this stunning building has been selected for its sustainable, environmentally-friendly principles. 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, children’s playroom, pet grooming station, and an amazing rooftop terrace with communal gardens and breathtaking city views. Developed by Forest City Ratner Companies and Greenland USA, 550 Vanderbilt and Pacific Park will not just redefine luxury living – they will reform upscale lifestyles as we know them. In all, Pacific Park will encompass a total of 15 new buildings, with 8 million square feet of residential, retail, commercial, and entertainment destinations. Welcome home to Brooklyn’s most vibrant and exciting new neighborhood.

Features & Amenities

Interior Features

In Unit

Exterior Features

Building Storage Building Courtyard Building Roof Deck

Appliances

Cooktop Washer Dryer Stacked Dishwasher Disposal Microwave Oven

Building Information

Building Data View Compliance & Permits
Total Units 278
Stories 18
Structure HighRise
Association 550 Vanderbilt Ave

Financial Details

Common Charges $1,741/mo
RE Taxes $576/yr ($48/mo)
Original Price $1,950,000
Sale Price $1,895,000
Previous Price $1,950,000

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

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, 9:03 AM EST

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Location

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550 Vanderbilt Avenue #725, Prospect Heights, Kings County

Virtual Tour

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 $1,741 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $576, 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 1,296 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 $1,895,000 for 1,296 sq ft, the asking price per square foot is approximately $1,462. 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: RLS20007564
First Listed: 3/7/2025
On Market: 3/6/2025
Price Changed: 5/26/2025
Closed: 10/10/2025
Contract Date: 3/6/2025

Listing Courtesy of Redfin Real Estate - Ian Seth Rubinstein

Listing Contact: (516) 902-8686

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 5/7/2026 at 1:03 PM UTC

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