MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Around. 🫣 @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: Oct 11 to 17, 2025
MANHATTAN | CONDOS & CO-OPS
Sustained annual momentum with 227 contracts signed, representing a 13% year-over-year increase, driven by double-digit gains in both new development (+19%) and resale condos (+35%), signaling strong buyer confidence across product types
Mid-luxury segment ($3M-$5M) surged 118% year-over-year with 24 contracts, while the broader $1M-$3M range jumped 59%, indicating aggressive wealth deployment in the premium market despite luxury tier ($5M+) softening 14% week-over-week
Downtown captured 32% of all contracts (73 units) with 28% annual growth, outpacing traditional wealth corridors like Upper East Side (+4%) and suggesting a geographic shift in high-net-worth buyer preferences toward lifestyle-oriented neighborhoods
New development captured 14% market share with resilient year-over-year performance despite current inventory constraints, while resale co-ops maintained the largest volume at 122 contracts, providing diverse entry points across price segments
Top transaction at 895 Park Avenue commanded $21.5M ($3,078 PPSF) for nearly 7,000 square feet, establishing a benchmark for ultra-prime Upper East Side trophy assets and reflecting sustained demand at the market's apex
Insight 💡
Welcome to Tarik’s Scoop – Beyond the Numbers, where we cut through the data and focus on practical knowledge.
Inventory Illusion: Why ‘More Listings’ Don’t Mean Easier Deals
Headlines say inventory is up — but the real story is quality, not quantity. Many of today’s “new listings” are relists or price-adjusted units that failed to sell this summer. True, buyer choice has improved slightly, but the best-positioned properties are still going fast, often within two weeks. In Manhattan, sub-$2M inventory is up 6%, but prime listings (those priced right and move-in ready) are down 12%.
Key Takeaway: Don’t mistake headline inventory growth for real opportunity — focus on fresh, realistic listings.
Call to Action: Want to separate real opportunities from relists? [Let’s talk] I’ll show you which new listings actually matter.
WEEKLY REPORT: Oct 11 to 17, 2025
BROOKLYN | CONDOS & CO-OPS
Market contraction with 59 contracts signed, down 16% year-over-year and 17% week-over-week, marking the third consecutive week of double-digit annual declines and signaling a meaningful divergence from Manhattan's strength
Entry-level segment (under $500K) defied broader trends with 42% annual growth (17 contracts), while the critical $1M-$2M tier plummeted 54%, revealing a bifurcated market where affordability drives velocity but aspirational buyers remain sidelined
Resale condos declined 34% week-over-week and 16% annually (21 contracts), underperforming new development (-18% YoY) and suggesting buyer hesitation around pricing in the established condo market despite co-op resilience (+9% WoW)
Eight submarkets showed year-over-year declines exceeding 14%, with only three neighborhoods (Bed-Stuy/Crown Heights/Lefferts Gardens, Kensington/Windsor Terrace, and South Brooklyn) posting triple-digit growth from low bases, indicating concentrated weakness across prime areas
Luxury activity remained minimal with just one contract above $3M—17 Bergen Street 4PH at $6.885M ($1,800 PPSF)—compared to seven contracts the prior year, highlighting limited high-end inventory or waning investor appetite relative to Manhattan alternatives
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.