MANHATTAN & BROOKLYN | WEEKLY SCOOP
View facing downtown Manhattan
The In-Between
Similar to our favorite streaming shows, there's a beginning, an end, and everything in between.
In the heart of New York City's bustling real estate seasons - spring and fall - I aim to bring you a condensed weekly update to keep you plugged into the latest action.
CORCORAN WEEKLY REPORT: APR 27 to May 3
MANHATTAN | CONDOS & CO-OPS
Last week, 213 contracts were reported signed in Manhattan, down 12% week-over-week and 19% year-over-year.
The 19% annual decline was the most significant year-over-year change in ten weeks.
Not all market segments declined versus 2023, however, as sales from $3M to $5M and $10M to $20M improved.
Six contracts were signed from $10M to $20M last week, the strongest performance for that price range since September.
The top contract was One High Line West 25D asking $13.770M ($3,548 PSF), featuring Hudson River views.
CORCORAN WEEKLY REPORT: APR 27 to May 3
BROOKLYN | CONDOS & CO-OPS
78 contracts were signed last week, down 38% year-over-year and up 3% from the previous week.
Both condo and co-op contracts were down annually. Co-op activity was stronger, with just one fewer sale, while condo transactions were down 47.
All price segments declined 30% or more annually except $2M to $3M, which had no year-over-year change.
Brooklyn Heights/Cobble Hill/Dumbo/Downtown Brooklyn was the only submarket with an annual increase in sales, up 42%.
Last week's most expensive contract was a sponsor sale at Quay Tower, offering views of the Manhattan skyline and the New York Harbor.
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.