MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Up. 🫣 @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.
WEEKLY REPORT: Sep 20 to 26, 2025
MANHATTAN | CONDOS & CO-OPS
Luxury market momentum shifts to mid-tier: The $3M-$5M segment surged 90% week-over-week, signaling renewed confidence in premium properties, while contracts under $1M declined 37%, suggesting a flight to quality among buyers with capital to deploy.
New development resurgence: New development contracts reached their highest level since April with 36 signed deals (up 64% WoW), outpacing both resale condos and co-ops, indicating strong appetite for modern inventory and tax advantages associated with new construction.
Co-op market correction accelerates: Resale co-op activity plunged 34% week-over-week and 19% year-over-year, reflecting continued buyer preference for condo ownership structures and greater flexibility in the post-pandemic landscape.
Geographic concentration narrows: Upper Manhattan experienced the steepest decline at -55% WoW, while core neighborhoods showed more resilience, suggesting a consolidation of demand in established luxury corridors and trophy buildings.
Ultra-luxury remains active: The top contract at 111 West 57th Street commanded $19.75M ($4,397/sq ft) for a 3-bedroom sponsor unit, demonstrating sustained demand at the apex of the market despite broader weekly volume declining 15%.
Insight 💡
Welcome to Tarik’s Scoop – Beyond the Numbers, where we cut through the data and focus on practical knowledge.
Investor Spotlight: The ROI on NYC Renovations
Not all upgrades are created equal. In NYC, kitchens and bathrooms consistently deliver the best return on investment, especially in co-ops and condos targeting first-time buyers. Adding modern finishes can boost selling price by 10–20%, while cosmetic fixes (like flooring and paint) help listings move faster.
Takeaway: Focus on upgrades buyers notice immediately — kitchens, bathrooms, and smart storage — to maximize ROI.
Action: Considering a renovation before selling? [Let’s talk] to see which improvements will add the most value in your building.
WEEKLY REPORT: Sep 20 to 26, 2025
BROOKLYN | CONDOS & CO-OPS
Market stabilization with bifurcated performance: Contract volume held relatively steady at 62 deals (-2% WoW), but the composition shifted dramatically—properties under $1M fell 26% while those over $1M surged 31%, indicating a polarized market favoring premium assets.
Sweet spot emerges in mid-range pricing: The $500K-$750K segment jumped 43% week-over-week while the $750K-$1M tier declined 55%, suggesting buyers are gravitating toward better value propositions just below the psychological $1M threshold.
New development challenges persist: New development contracts dropped 24% year-over-year, contrasting sharply with Manhattan's resurgence and reflecting possible oversupply concerns or pricing misalignment in Brooklyn's newer inventory.
Fort Greene/Clinton Hill corridor gains traction: This submarket captured the largest increase in contract activity, reinforcing its position as a prime target for discerning buyers seeking cultural amenities, architectural character, and transportation access.
Co-op resilience defies broader trends: Brooklyn resale co-ops increased 15% week-over-week and 18% year-over-year, bucking Manhattan's sharp decline and highlighting Brooklyn's distinct buyer profile that remains receptive to cooperative ownership models.
As the grandson of a Jamaican developer, real estate has always been part of my life. I love helping people buy, sell, and invest in NYC—especially in Greenwich Village and luxury homes. Owning short-term rentals myself, I understand the practical side of investing. With Corcoran’s resources, I aim to make every step simple, clear, and focused on your goals.
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.