550 Vanderbilt Avenue Unit 1203, Brooklyn, NY 11238

$1,575,000

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… Read More 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 at 12FL with beautiful views, Inside this beautiful, sun-filled home, 10-foot ceilings and wide-plank chestnut floors enhance the bright and 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, a childrens playroom, 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. Read Less

Listing Courtesy of: Anne Huiwen Chang, Jade Stone Real Estate Consulting Inc, 917-494-0531.

Listing Snapshot

Days Online

Last Updated

Aug 15, 2025

Property Type

Apartment

Beds

Full Baths

Year Built

2017

MLS Number

RLS20042823

30 Days Snapshot Of 11238

$1.68M

-2%

(avg) sold price

-11%

homes sold

+22%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Entry Level: 12, Features: BikeStorage, CommonPlayroom, Elevators, HealthClub, PackageRoom, Storage, Living Area Units: SquareFeet, Rooms Total: 5, Structure Type: None, New Construction

Exterior Features

Patio And Porch Features: Rooftop

Interior Features

Interior Features: HighCeilings, Storage

Property

Property Sub Type: Apartment

Taxes

Tax Annual Amount: $444, Tax Block: 01129, Tax Lot: 0000

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

550 Vanderbilt Avenue Unit 1203

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send