Nine months after officially launching sales, Pacific Park Brooklyn’s first condominium building is 50 percent sold, the developer said.
More than 140 units at 550 Vanderbilt Avenue are now in contract, with a blended average sale price of $1,500 per square foot. Closings are expected to start by the end of the year, said Shwetha Subramanian, director of residential development at Greenland Forest City Partners.
The Real Deal says that studios now start at $700,000, which is a big step up from the original $550,000. (Price per square foot has varied.)