MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Ahead. 🫣 @tarikpeat
The In-Between
Just like our favorite streaming series, every story has a beginning, an end, and the all-important in-between.
In-between each monthly scoop, NYC’s real estate market continues to churn with transactions. I’m here to keep you in the loop. Expect a concise, weekly snapshot of the market’s latest moves—straight to the point, just for you.
As the grandson of a Jamaican developer and seasoned short-term rental investor, Tarik brings generational real estate knowledge to luxury NYC properties and Greenwich Village specialization. He's passionate about connecting with clients and sharing his expertise while leveraging Corcoran's extensive resources and strong market influence to position you for successful transactions. I'd love to hear all of your real estate questions today!
WEEKLY REPORT: Sep 6 to 12, 2025
MANHATTAN | CONDOS & CO-OPS
Luxury Market Cooling: Contract activity declined 6% week-over-week and 17% year-over-year, marking the largest annual decline since July, signaling a potential shift in high-end buyer sentiment and market dynamics.
New Development Headwinds: New development sales dropped 29% while resale condominiums fell 33%, indicating developer inventory challenges and potential pricing pressure in the premium new construction segment.
Price Segmentation Divergence: The sub-$1M segment showed 8% growth while the $3M-$5M luxury tier contracted 35%, revealing a bifurcated market where entry-level premium properties outperform ultra-luxury segments.
Geographic Performance Variance: Upper Manhattan showed 150% growth while Upper East Side declined 16%, suggesting neighborhood-specific investment opportunities and risk factors for portfolio diversification strategies.
Ultra-High-End Transaction Volume: Top-tier contracts ranged from $5.9M to $9.2M with significant square footage premiums, indicating sustained demand in the ultra-luxury segment despite broader market softness.
WEEKLY REPORT: Sep 6 to 12, 2025
BROOKLYN | CONDOS & CO-OPS
Strong Weekly Recovery: Contract signings surged 40% week-over-week while remaining flat year-over-year, suggesting tactical buying opportunities as market conditions stabilize after recent volatility.
Resale Market Momentum: Resale condominiums increased 42% and co-ops jumped 115% week-over-week, indicating strong secondary market liquidity and potential value opportunities for investment portfolios.
Entry-Premium Segment Strength: The sub-$500K segment grew 120% while $500K-$750K rose 25%, demonstrating robust demand in accessible premium segments that could signal broader market recovery.
Development Market Recalibration: New development sales declined 18%, contrasting with resale strength, suggesting pricing adjustments may be creating relative value opportunities in established inventory.
High-End Transaction Range: Top contracts clustered in the $2M-$5M range across prime locations, indicating sustained institutional and high-net-worth interest in this market tier with attractive risk-adjusted returns.
All information contained within this document is intended for informational purposes only and is sourced from sources that are considered reliable. Although the information is believed to be accurate, it is presented subject to omissions, errors, modifications, or withdrawal without prior notice. This is not intended to solicit property that has already been listed. Equal Housing Opportunity.