Seller's Agent in 2023
Lucy Pang
Spire Group Inc
(347) 385-6426
2 in this area
2 Total Sales
550 Vanderbilt 550 Vanderbilt Ave Unit 623 Brooklyn, NY 11238
Prospect Heights NeighborhoodEstimated Value: $1,152,761 - $1,259,000
1
Bed
1
Bath
847
Sq Ft
$1,049/mo
HOA Fee
Highlights
- Full Time Doorman
- Building Patio
- Garage
- P.S. 9 The Sarah Smith Garnet School Rated A
- Central Air
- 4-minute walk to Lowry Triangle
About This Home
As of April 2023- 25-year 421A Tax abatement in place!! One of the last tax abatement buildings in NYC;
- 847 sq ft: One of the largest 1 BRs with the best layout in this building;
- Beautiful sunny unit with East & South facing, large corner windows, a big walk-in closet, Washer / Dryer in Unit and Miele appliances;
- A luxury full-service condo building in the heart of Prospect Heights in Brooklyn with 11 subways within walking distance.
NEW TO MARKET: This beautiful, spacious, sun flooded East & South facing 1 BR with lofty ceiling heights has been designed using organic elements with an array of sophisticated fixtures and finishes. Contemporary open layouts are complimented by wide-plank white-washed oak floors, walls of over sized windows. The sublime kitchen offers custom gray lacquer cabinetry, white Carrara marble counter tops and back splash, and a suite of fully integrated Miele appliances, including a vented cook top hood. The double-sink bathroom comes with stainless-steel Grohe fixtures, light Carrara marble, spacious walnut vanity. Additionally, there is a Bosh washer/dryer closet, a coat closet, a big walk-in closet in the bedroom and the central climate control system in unit.
Designed inside and out by celebrated architect COOKFOX. The building is a Silver LEED building. 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 wash station, bike storage, an amazing rooftop terrace with communal gardens and breathtaking city views and a live-in super.
This building has a short distance to Prospect Park, Barclay Center, Atlantic Center shopping mall, Brooklyn's Botanical Garden and Brooklyn Bridge Park. In addition, you are surrounded by 5 historical Brooklyn neighborhoods, cultural landmarks, and a transportation hub ready to take you anywhere. Quick access to Manhattan with 11 subways nearby including B/C/Q/2/3/4/5/G/D/N/R and also to the LIRR. 550 Vanderbilt is a condominium like no other, providing its residents with an extraordinary opportunity to connect with the community and nature, all in the very heart of Brooklyn, New York City's most exciting borough.
Please feel free to contact the listing agent for more information.
Last Listed By
Lucy Pang
Spire Group Inc License #10401246291 Listed on: 02/21/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $360
Year Built
- 2016
Lot Details
- 0.9
HOA Fees
- $1,049 Monthly HOA Fees
Parking
- Garage
Home Design
- 847 Sq Ft Home
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Additional Features
- Property is in excellent condition
- Central Air
Listing and Financial Details
- Tax Block 1129
Community Details
Overview
- Prospect Heights Subdivision
Amenities
- Full Time Doorman
- Full Time Lobby Attendant
- Building Patio
- Building Terrace
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 21, 2023
Closed on
Apr 10, 2023
Sold by
Shi Xiaoguang
Bought by
Cotton Ashley and Weiss James
Seller's Agent
Lucy Pang
Spire Group Inc
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Total Days on Market
17
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,440
Avg. Annual Appreciation
2.63%
Original Mortgage
$575,000
Outstanding Balance
$562,549
Interest Rate
6.35%
Mortgage Type
Unknown
Estimated Equity
$649,891
Purchase Details
Closed on
Dec 1, 2017
Sold by
Pacific Park 550 Vanderbilt Llc
Bought by
Shi Xiaoguang
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cotton Ashley | $1,150,000 | -- | |
| Shi Xiaoguang | $1,094,800 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cotton Ashley | $575,000 | |
| Previous Owner | Shi Xiaoguang | $656,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2023 04/11/23 | Sold | $1,150,000 | -4.2% | $1,358 / Sq Ft |
| 02/21/2023 02/21/23 | For Sale | $1,200,000 | -- | $1,417 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $373 | $101,813 | $4,431 | $97,382 |
| 2023 | $366 | $97,075 | $4,431 | $92,644 |
| 2022 | $274 | $94,153 | $4,431 | $89,722 |
| 2021 | $366 | $80,418 | $4,431 | $75,987 |
| 2019 | $377 | $87,584 | $4,431 | $83,153 |
| 2018 | $380 | $79,511 | $4,431 | $75,080 |
| 2017 | $5,351 | $43,511 | $4,431 | $39,080 |
Source: Public Records
Agents Affiliated with this Home
About 550 Vanderbilt
Map
Similar Homes in the area
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10840670
APN: 01129-1136
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