For Sale 550 VANDERBILT AVE, BROOKLYN, NY 11238
Do you want to talk with a
CONDO Specialist?
Description
25yrs 421-A TAX ABATEMENT!! First resale of one of the most-coveted studio lines at 550 Vanderbilt Avenue.
Residence 1516 is a designer home on a high floor with open Western views. This home offers floor to ceiling windows looking at the expansive views of Brooklyn skyline, downtown Manhattan and Statue of Liberty.
This chic and modern designer home has an open loft-like space with soaring 10ft ceilings highlighted by white-washed, wide-plank oak floors throughout. This beautiful home has space for a living room, sleeping area, office overlooking the open views with incredible sunsets. The open Chef's kitchen includes top-of-the-line Miele appliances, vented hood, garbage disposal, white Carrera marble countertops and backsplash. The custom gray lacquer cabinets with walnut shelving accents offers plenty of storage. The spa like bathroom has subway tiles, walnut vanity and chrome fixtures. Custom designer blinds and curtains, walk-in closet and in-unit washer/dryer completes this home.
Pacific Park (Brooklyn's newest neighborhood), will have over 8 acres of lush green space once completed. This building offers 10,000sqft of amenities to all residents: a 24-hour concierge, fitness center, lounge with catering kitchen, playroom, a library, pet grooming station, and a landscaped roof terrace with expansive views of the city, skyline and neighboring brownstones. Rooftop has a unique communal garden and BBQ for dinner parties. Transportation: express and local trains C, B, Q, 2, 3 are just 3-5 minutes away. In additional all the trains available at the nearby Barclay Center: 4, 5, B, D, N, Q, R and W, and the LIRR for weekends to Fire Island and the Hamptons. Top restaurants such as Olmstead and numerous cafes are on Vanderbilt Ave including Brooklyn Museum and Prospect Park.
Best of all, this building offers a rare 25-year 421-A tax abatement until 2043. Taxes are only ~$17/month! Ideal for investment and 1031 exchange, easy to rent out. And for homeowners, cheaper than paying rent.
Developed by Forest City Ratner Companies and Greenland USA, 550 Vanderbilt and Pacific Park will not just redefine luxury living, they will reform upscale lifestyles as we know them. In all, Pacific Park will encompass 8 million square feet of residential, retail, commercial, and entertainment destinations. Welcome home to Brooklyn's most vibrant and exciting new neighborhood.
Open House Information
Sunday 10/24/2021 from 11:00AM to 12:00PM
Amenities
- Active
- Condo
- Pets Allowed: Yes
- Cats: No
- Large Dogs: Yes
- Small Dogs: Yes
- Num Floors: 17
- Condo Floor: 15
- Room Count: 2.0
Listing Provided Courtesy of
Brokerage: Compass.
550 VANDERBILT AVE Unit APT 1516
550 VANDERBILT AVE Unit APT 1516
Neighborhood: BROOKLYN
550 VANDERBILT AVE BROOKLYN, NY 11238
Mortgage Rates & Calculators
Nearby Similar Listings
4 - Studios Nearby
Unit | Beds | Baths | Price | Sq Ft | $ / Sq Ft | List Date | |
---|---|---|---|---|---|---|---|
510 DRIGGS AVE APT 3M | 0 | 1 | $750,000 | 454 | $1,652.0 | 10/20/2021 | |
98 FRONT ST APT 7S | 0 | 1 | $730,000 | 422 | $1,729.9 | 09/02/2021 | |
98 FRONT ST APT 4A | 0 | 1 | $775,000 | 474 | $1,635.0 | 07/12/2021 | |
The Edge | 0 | 1 | $820,000 34.1% | 490 | $1,673.5 | 09/24/2008 |
1 - 1 Bedrooms Nearby
Unit | Beds | Baths | Price | Sq Ft | $ / Sq Ft | List Date | |
---|---|---|---|---|---|---|---|
Park Slope, 98 Sterling Place - | 1 | 1 | $749,000 | 444 | $1,858.1 | 01/19/2012 |
EXPERIENCE THE BENEFITS OF FREE & PERSONALIZED REAL ESTATE SERVICES.
- Save time and money!
- No commitments or contracts
- Get the best price!
- Neighborhood and building information
- Free Expert Advice