Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $3,056,000

· Closed June 7, 2023

550 VANDERBILT Avenue #1119
Closed For Sale Condo

$3,056,000

$1,592 per sq ft

550 VANDERBILT Avenue #1119

Prospect Heights, Brooklyn

MLS® #RLS10894130

RLS at REBNY

Listing by Sotheby's International Realty, Inc.

3

Bedrooms

3.5

Baths

1,919

Sq. Ft.

2017

Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Living Area 1,919 sq ft
Lot Size 17,600 sq ft
Year Built 2017
Ownership Condo
HOA/Common Charges $2,425/mo
Property Taxes $828/yr
Parking Garage
Neighborhood Prospect Heights
Floor 11 of 18

Property Highlights

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

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 3 Full, 1 Half
Floor 11 of 18
View City
Exposure East,South,West
Cooling Central Air
Pets Yes
Year Built 2017
Living Area 1,919 sq ft
Parking Garage Available
Lot Size 17,600 sq ft
Parcel # 01129-1217

Listing History

Event Date Price Change
Listed Feb 1, 2023 $3,100,000 -
Currently May 18, 2026 $3,056,000 -1.4%

Description

Welcome to 550 Vanderbilt, Prospect Heights' premier luxury condominium designed by Frank Gehry. It is the first residential building to open in Pacific Park, Brooklyn. 421-A Tax Abatement in place until 2043. Residence 1119 is a spectacular 3-bedroom, 3.5-bathroom home with lofty ceiling heights of over 10 feet. It has been designed with a palette of natural, organic elements with an array of sophisticated fixtures and finishes. Enjoy a contemporary open layout, perfect for entertaining. There are large picture windows which allows for great light and beautiful open views, wide-plank white-washed oak floors that seamlessly flow from room to room, a wonderful and private primary bedroom suite, and lots of closet storage throughout. The sublime kitchen offers custom grey lacquer cabinetry, lime-washed walnut accents, white Carrara marble countertops and backsplash, and a suite of fully integrated Miele appliances. Additionally, there is a washer/dryer and central climate control system. This home comes with a private deeded storage unit. 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.

Features & Amenities

Interior Features

Entrance Foyer Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Garden Building Roof Deck Garden

Appliances

Dryer Washer Dryer Allowed Washer

Building Information

Financial Details

Common Charges $2,425/mo
RE Taxes $828/yr ($69/mo)
Original Price $3,100,000
Sale Price $3,056,000
Previous Price $3,100,000

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, 3:22 AM EST

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Location

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550 VANDERBILT Avenue #1119, 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 $2,425 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $828, or roughly $69 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 1,919 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 $3,056,000 for 1,919 sq ft, the asking price per square foot is approximately $1,592. 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: RLS10894130
First Listed: 2/1/2023
Price Changed: 6/7/2023
Closed: 6/7/2023
Contract Date: 2/1/2023

Listing Courtesy of Sotheby's International Realty, Inc. - Marcy Bloomstein

Listing Contact: (212) 431-2440

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 7:22 AM UTC

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