It’s possible 550 Vanderbilt was priced aggressively high, given its current setting. Though Serhant’s website page for the tower touts it as offering “the inaugural opportunity to live and own in New York’s newest park,” 550 Vanderbilt will be bordered by construction sites for years, and Pacific Park’s eight acres of open space, along with the full complement of towers, isn’t projected for completion until 2035.

While previous sales averaged $1,460 per sq. ft., according to StreetEasy, active sales—which include rare penthouses and maisonettes—are priced at $1,658 per sq. ft., at least before the discount. Brooklyn Point also has high prices for the borough; sales average $1,797 per sq. ft., according to StreetEasy, while other Downtown Brooklyn condos cost less, with 11 Hoyt listed as asking $1,575 per sq. ft., The Brooklyn Grove at $1,373 per sq. ft., and 211 Schermerhorn at $1,380 per sq. ft.