The Smartest Entry into Brooklyn's Premier Luxury Lifestyle: A Beautiful & Bright Studio with LOW monthly & Tax Abatement till 2043!
The Most Attainable lowest-priced Studio in 550 Vanderbilt The 421a "Superpower": A transformative tax abatement is in place until 2043, dramatically reduced property taxes. Ultra-Low Carrying Costs Amazing Amenity Package Prime Prospect Heights Location Unrivaled Transportation Hub Prestigious Design Pedigree Investment Grade Asset
Stop renting and start building equity for less. Or Place your investment in secured asset! ~ This is your rare opportunity to own a piece of 550 VanderbiltProspect Heights' most sought-after addresswith carrying costs lower than most new buildings.
Unit 212 is a bright and beautifully designed studio that offers more than just a home; it offers a financial superpower: a 421a tax abatement in place until 2043 plus the low monthly common charges. A dramatic savings.
Designed by the acclaimed COOKFOX Architects, this residence exemplifies intelligent design. Oversized windows flood the interiors with natural light, accentuating the wide-plank oak floors and soaring 11-foot ceilings. The chefs kitchen is equipped with fully integrated Miele appliances, while the spa-like bathroom showcases Carrara marble and a custom walnut vanity. An in-unit washer/dryer completes this picture of modern comfort and convenience.
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 #1 of America's "hottest neighborhoods in 2025" (Redfin), you are steps from the 8-acre Pacific Park, Barclays Center, Prospect Park, and 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.**
Listed by Anne Huiwen Chang
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License #10311203594
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Jade Stone Real Estate Consulting Inc
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(917) 494-0531
Listed by Chinmei Fan
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License #10401315856
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Jade Stone Real Estate Consulting Inc
Last updated September 07, 2025
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Source: REBNY #RLS20041854
Listing Facts
TypeCondo
NeighborhoodProspect Heights
Bathrooms1
Days on Prevu32
HOA/Maint. Fees$544/month
Taxes$192/year
Size414 sqft
Price per sqft$1,785
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Pets Allowed
Concierge
Location
Mortgage Calculator
Listing History
08/08/2025
Listed by Jade Stone Real Estate Consulting Inc
$739,000
Estimated Closing Costs
Total
$41,692
Attorney Fees
$4,000
Title Insurance
$3,326
Bank Attorney
$1,500
Mortgage Recording Tax
$11,380
Other Closing Costs
$4,000
NY State Transfer Tax
$2,956
NYC Transfer Tax
$10,530
Seller's Attorney Fee
$4,000
Estimated closing costs are based on the list price of $739,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.