Townhouse comfort. Condominium convenience.
This expansive, 3-bedroom, 3. 5-bathroom residence perfectly blends townhouse living and a full-service condo right off the vibrant retail corridor in Prospect Heights. This Masionette is equipped with your own private entrance with large entry foyer off Dean St, private in-unit elevator, top of the line finishes throughout, 24-hour doorman, live-in resident manager, over 10, 000sqft of amenities, an incredible park space right out the door, parking available, a storage unit, and a 25 YEAR TAX ABATEMENTwhich promise low carrying costs for years to come.
This sun drenched south facing residence with lofty ceilings height designed using a palette of natural, organic elements with an array of sophisticated fixtures and finishes. The contemporary open layout is complimented by wide-plank white-washed oak floors that seamlessly flow from room to room along with oversized windows that capture the southern light over the two floors.
As you enter the private Dean Street entrance you are greeted by the large entry foyer with built-in cabinets and benches. On the first floor you have a large south facing living room and dining area along with a beautiful eat-in kitchen equipped with Miele appliances, a powder room, and the entrance into the condo amenities and the doorman to receive your packages.
Up the interior staircase with the dramatic double-height ceiling, you are on the second floor with three large en-suite bedrooms. Tucked into the hallway corner is your vented laundry closet with additional storage for dry goods. The oversized primary suite is designed with a large built out walk-in closet along with a beautifully appointed five-fixture bath with deep soaking tub and dual vanity.
This premier full-service building has over 10, 000 square feet of amenities including white-glove 24-hour door service, a library off the lobby by McNally Jackson, state of the art fitness center, a resident's lounge with full-service catering kitchen and dining, children's playroom, pet grooming station, bike storage, and an exceptional rooftop terrace and skyline views. Right out the door you have access to the newly opened portion of Pacific Park with a children's play area, dog run, fountains, Chelsea Piers field house, and open green space for enjoying the outdoors in your little slice of Prospect Heights heaven.
550 Vanderbilt Ave is perfectly situated at the Northern end of the avenue anchored by Grand Army Plaza and Prospect Park to the South. Vanderbilt Ave is home to some of the best restaurants, bars, cafes, and retail shopping you could ask for along with all major train lines nearby and Barclays center only 2 blocks away.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,595,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,676,000 | $3,676,000 | $3,676,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,872 | $22,933 | $30,772 |
Total Monthly Payment | $20,997 | $23,058 | $30,897 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.