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$1,560,000
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Property 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.**
Full Property Details
Full Property Details for 550 Vanderbilt Ave #1203
General
- Sold For: $1,560,000
- HOA FEE: $1,372/month
- Taxes: $444
- Status: Closed
- Type: Apartment
- Source: REBNY
- MLS ID: RLS20042823
- Added to Site: 233 day(s) ago
Rental Information
- Date Available: 2/7/2026
Interior
- Number of Rooms: 5
- Interior Features: High Ceilings, Storage
- Appliances: Dryer, Dishwasher, Washer
- Furnishings: Unfurnished
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Building Inside, Common Area, In Unit
Exterior
- Exterior Features: Building Storage, Building Roof Deck, Private Outdoor Space Under 60 Sqft, Storage
- Porch/Patio/Deck: Rooftop
Parking
- Garage: Yes
Location
- County: Kings
- Subdivision: Prospect Heights
Community
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Structure Type: None
- Stories/Levels: 0
- Square Feet: 995
- Living Area: 995 Sq. Ft.
- Year Built: 2017
- Other Struct. Feat.: Bike Storage, Common Playroom, Elevator(s), Health Club, Package Room, Storage
Financial Considerations
- Association Fee: $1,372
- Assoc Fee Freq.: Monthly
- Tax Amount: $444
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 01129-1221
- Block: 1129
- Lot Number: 7501
Listing Courtesy of Jade Stone Real Estate Consulting Inc
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Schools
Schools serving 550 Vanderbilt Ave #1203
School District:New York City Geographic School District 13
| Name | Grades | Distance |
|---|---|---|
PS 9 Sarah Smith Garnet School (The) 80 Underhill Avenue, Brooklyn, NY 11238 | PK-5 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 550 Vanderbilt Ave #1203
Date
Details
Price
Change
Source
2/06/2026
Sold
$1,560,000
-0.95%
MLS
8/14/2025
Listed
$1,575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
550 Vanderbilt Avenue #1203, New York City, NY 11238 (MLS# RLS20042823) is a Apartment property that was sold at $1,560,000 on February 06, 2026. Want to learn more about 550 Vanderbilt Avenue #1203? Do you have questions about finding other Apartment real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

