Condo, 550 Vanderbilt Avenue 1203 #1203, Prospect Heights - Real Estate New York

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.**

Listing courtesy of Jade Stone Real Estate Consulting Inc ...
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Property Details

Condo

Amenities

Building Storage, Building Roof Deck, Private Outdoor Space Under60 Sqft, Storage
Cooling: Central Air
Rooftop
Doorman Full Time

High Ceilings, Storage
Dryer, Dishwasher, Washer
Pets: Building Yes, Yes

The Neighborhood

Prospect
Heights

Prospect Heights is a colorful and diverse neighborhood anchored by multiple cultural institutions: Grand Army Plaza, Brooklyn Botanic Gardens, Barclay’s Center, Prospect Park, the Brooklyn Museum, and the gorgeous central branch of the Brooklyn Library.

Turn down any side street, however, and you’ll find gorgeous old brownstones, stately coops, and new developments on quiet, tree-lined streets. The commercial venues of Vanderbilt and Washington Avenues offer a myriad of restaurants, mom-and-pop shops, craft cocktail bars, cafes, and boutiques with a distinctly “come as you are” Brooklyn attitude. Hot spots include: Faun, Tom’s, White Tiger, Unnameable Books, Chuko, Olmsted, Bearded Lady, and The Islands.

Prospect Heights Guide ›

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For information on 550 Vanderbilt Avenue 1203, #1203 contact:

Jacob Goldman

Founder, Principal Broker

212-388-1115

Founder, Principal Broker
listings@lohorealty.com
212-388-1115

Listing courtesy of Jade Stone Real Estate Consulting Inc