Recently Listed New Construction 550 Vanderbilt Avenue 720
Brooklyn, NY, 11238 $ 998,000
Bedrooms1 Baths1.0 Sq 646 Monthly Estimate*
$ 6,145
for $998,000 with 1 bedroom and 1 full bath. This 646 square foot condo was built in 2017.
Luxury Brooklyn Ꮮivіng Redеfinеd: Unраralleled Value & Τіmеlеsѕ Design
Residence 720, a bright West-facing 1BR at 550 Vanderbilt presents a rare opportunity to own a luxury condominium in the heart of Prospect Heights. Perfectly suited as a primary residence, a sophisticated pied--terre, or a high-yield investment property, this beautiful home delivers an unmatched combination of low carrying costs, premier amenities, and a prime Brooklyn location.
Unbeatable Financials
421-A Tax Abatement: In place until 2043, shielding the asset from immediate full-market real estate tax exposure. Currently at an astonishingly low $24.
Low Carrying Costs: Combined with reasonable common charges, the total monthly cost of ownership is just $1.42/sf, making this one of the smartest, most cost-effective buys in Brooklyn today.
The Residence
Bathed in natural light with peaceful courtyard views, this beautifully designed home features soaring 10-foot ceilings, rich chestnut hardwood floors, and expansive double-paned windows with a bright western exposure.
Chefs Kitchen: Sleek marble countertops, abundant cabinetry and pantry storage, and a full suite of premium Miele appliances, including a gas cooktop with externally vented range hood for true chef-level performance.
Bedroom & Bath: The spacious bedroom offers a large walk-in closet, while the spa-like bathroom features elegant Carrara marble finishes and a custom walnut vanity.
Convenience: An in-unit washer and dryer completes this thoughtfully appointed home.
The Building & Amenities
Designed by the acclaimed architecture firm COOKFOX, 550 Vanderbilt offers over 10,000 square feet of world-class, luxury amenities:
24-hour attended lobby & concierge
Library, lounge, and private dining room with catering kitchen
Landscaped rooftop terrace with communal gardens, grills, and outdoor dining
State-of-the-art fitness center curated by The Wright Fit, featuring Peloton bikes and private studios
Childrens playroom
The Neighborhood
Perfectly positioned at the intersection of Prospect Heights and Pacific Park, residents enjoy immediate access to local green spaces, Barclays Center, and some of Brooklyns finest dining and shopping. Commuting is seamless, with the B, Q, C, 2, and 3 subway lines just moments away.
Contact us today to schedule your private showing.
PS. Pics from the unit one floor below at identical size, layout and exposure.
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List ByAnne Huiwen ChangListing Agent
Jade Stone Real Estate Consulting IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,145
- Monthly Property Taxes
- $24
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Average List Price $1,382,915
Percent of Sale Price 39%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
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Pricing History| Date | Price | Price Change | Description |
|---|
| 5/31/2026 | $998,000 | | Listed Price |