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.
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: June 14 to 20, 2025
MANHATTAN | CONDOS & CO-OPS
Market stabilization emerging: Contract volume held steady with only 4% annual decline versus Brooklyn's 23% drop, positioning Manhattan as the more resilient investment market for institutional capital
Luxury market stress: Properties above $5M fell 33% weekly with no $20M+ transactions, suggesting ultra-high-net-worth buyers are pausing major acquisitions pending economic clarity
New development concerns: Sales dropped 41% annually in new construction, potentially impacting developer financing and future supply pipeline for premium inventory
Resale strength: Existing condominiums gained 8% weekly while co-ops rose 7% annually, indicating established properties offer better value proposition than new developments for current market conditions
Geographic divergence: Upper West Side surged 32% while other submarkets declined, revealing location-specific opportunities for sophisticated investors seeking yield optimization
WEEKLY REPORT: June 14 to 20, 2025
BROOKLYN | CONDOS & CO-OPS
Market contraction accelerating: Contract volume dropped 23% year-over-year to 67 units, with co-op sales particularly distressed at -48% annually, signaling potential liquidity concerns in outer borough investment portfolios
Luxury segment collapse: Properties over $3M experienced an 80% year-over-year decline, indicating high-net-worth individuals are retreating from Brooklyn's premium market amid broader economic uncertainty
Entry-level resilience: Sub-$500K properties showed 7% weekly growth despite 50% annual decline, suggesting opportunistic buyers are capitalizing on affordability gaps in traditionally expensive markets
Co-op underperformance: Cooperative sales fell 32% week-over-week versus only 6% for condominiums, reflecting investor preference for fee-simple ownership structures in volatile conditions
Inventory pressure building: Sharp weekly declines across multiple price segments indicate sellers may need to adjust pricing expectations as buyer demand normalizes from pandemic-era peaks
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.