Atlantic Yards Condos on Vanderbilt in Prospect Heights Debut at $565,000
Listings for eight apartments at 550 Vanderbilt, the first condo building in the large and controversial Pacific Park/Atlantic Yards complex, have gone up online. The 17-story, 278-unit market-rate building is under construction on the corner of Vanderbilt and Dean Street. The listings show the first interior renderings we have seen for the apartments. Prices range from $565,000 for…
Listings for eight apartments at 550 Vanderbilt, the first condo building in the large and controversial Pacific Park/Atlantic Yards complex, have gone up online. The 17-story, 278-unit market-rate building is under construction on the corner of Vanderbilt and Dean Street.
The listings show the first interior renderings we have seen for the apartments. Prices range from $565,000 for a studio to $2,890,000 for a three-bedroom, 3.5 bath apartment. We expect more listings will go up over the next few days.
The units all have 10 foot high ceilings, wide plank floors and large windows, according to the listings and the renderings. The latter show open plans with a spacious feel. Each unit has Miele appliances as well as its own Bosch washer/dryer.
The building has a lounge that opens to the outdoors, a library and a roof terrace on the 8th floor as well as underground parking and a gym. The manager will live on site.
Right now there are two of each type of unit–studios, one-bedrooms, two-bedrooms and three-bedrooms. The building will also offer four-bedroom units though none are available now.
The least expensive unit, the studio, is 414 square feet. The most expensive unit, the three bedroom, is 1,919 square feet. All of the units are asking more than $1,300 a square foot and the most expensive unit is asking over $1,500 a square foot.
The building has a 421a tax abatement. Common charges for the least expensive unit are $501 a month and monthly taxes are $17. For the most expensive unit, common charges are $2,378 with a monthly tax bill of $1,436.
550 Vanderbilt Listings [Corcoran]
550 Vanderbilt Coverage [Brownstoner]
Renderings by COOKFOX
Let’s look at one of the middle of the road units, like #1317. A standard, split 2 bedroom, about 1,000 sq ft. Looks very lovely. But $1.65m? With $1,600 in monthly charges? Why would that buyer want to live in Brooklyn? Can’t you get that apartment in Manhattan? And if you really want to live in Brooklyn, why not spend $2m for a small townhouse, since the monthlies would be about the same?
Even other luxury buildings in hotter areas of Brooklyn are cheaper: here’s 84 Front Street in Dumbo: http://streeteasy.com/building/84-front-street-brooklyn/6f
Bigger, $300k cheaper, $500 lower monthlies…
Are they really going to get those prices at PP? What could you rent that apt for? $5k? That still doesn’t come close to paying your mortgage.
totally love the design, clean and airy
Over $500K for a studio is insulting.
I really like this project.
odd that the listing has zero mention of the anticipated completion date..
For 2.8, I want a real kitchen that’s a separate room from the living room. I hate open kitchens.
Even in a “kitchen-as-wall” setup, for 2.8MM I want a full-size refrigerator, and not to lose 60% of my total counter space to a microwave.