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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!
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WEEKLY REPORT: July 19 to 25, 2025
MANHATTAN | CONDOS & CO-OPS
Sustained luxury market momentum: The market recorded 212 contracts with a solid 6% year-over-year increase, marking the fourth consecutive week of annual growth, indicating sustained demand despite seasonal fluctuations
Mid-tier price segments driving growth: Properties under $3M significantly outperformed higher-priced segments, with sub-$3M sales increasing 9% year-over-year for four straight weeks, suggesting broader market accessibility and investor confidence
Co-op market renaissance: Resale co-ops surged 15% annually, contributing substantially to overall market gains and representing 118 of 212 total contracts, indicating renewed investor interest in this traditionally stable asset class
New development sector shows volatility: Despite a 17% weekly decline to 24 contracts, new development maintains year-over-year stability, suggesting selective buyer behavior in the luxury construction segment
Ultra-luxury activity remains robust: Top-tier transactions included multiple contracts at Sixteen Fifth Avenue at $13M+ asking prices, demonstrating continued appetite for premium Manhattan real estate among high-net-worth buyers
WEEKLY REPORT: July 19 to 25, 2025
BROOKLYN | CONDOS & CO-OPS
Market contraction accelerating: With 66 contracts representing a 15% year-over-year decline, Brooklyn has experienced negative growth in ten of the past eleven weeks, signaling a sustained cooling period requiring strategic portfolio adjustments
New development resilience amid broader decline: New development contracts jumped 42% week-over-week to 17 units, despite a 6% annual decrease, indicating selective strength in newly constructed properties versus existing inventory
Geographic disparity creating opportunities: Five of eight submarkets declined year-over-year, with South Brooklyn showing the steepest drops, while select areas like Williamsburg maintain relative stability, suggesting targeted investment potential
Luxury segment consolidation: The week's highest contract at $4.75M in Bergen Brooklyn represents significant value compared to Manhattan equivalents, potentially attracting cross-borough luxury buyers seeking better price-per-square-foot metrics
Resale market volatility signals buyer selectivity: Resale condos dropped 33% weekly and 20% annually, while co-ops gained 38% weekly despite annual declines, indicating sophisticated buyers are increasingly discriminating in their acquisition strategies
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.