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.
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: July 5 to 11, 2025
MANHATTAN | CONDOS & CO-OPS
Strong momentum with 226 contracts signed, representing an 18% week-over-week surge and 11% year-over-year growth, signaling robust market confidence despite broader economic uncertainties
Resale market significantly outperforming new development, with existing condos up 29% and co-ops up 24%, while new development contracts declined 26% — indicating buyer preference for established properties over pre-construction risk
Entry-level luxury segment ($1M-$3M) showing resilience with 2% growth, while sub-$1M properties surged 45%, suggesting strong demand across price points below ultra-luxury thresholds
Upper West Side emerged as the standout performer with 92% week-over-week growth, while Upper East Side gained 47% — pointing to geographic rotation within Manhattan's prime residential corridors
Sales above $3M underperformed the broader market, continuing a trend since January where ultra-luxury transactions lag behind mid-tier segments, potentially creating strategic acquisition opportunities
WEEKLY REPORT: July 5 to 11, 2025
BROOKLYN | CONDOS & CO-OPS
Significant market contraction with 53 contracts signed, down 16% week-over-week and 34% year-over-year, reflecting broader challenges in outer borough luxury markets
Co-op segment experiencing severe distress with 39% decline versus 10% growth in condos, highlighting structural preferences shift toward fee-simple ownership among affluent buyers
Mid-tier price segments ($750K-$2M) showing weakness, with the $750K-$1M range down 25%, suggesting affordability constraints are impacting traditional family-oriented buyer pools
Geographic concentration risk evident as only two submarkets posted gains, with most activity centered in premium waterfront areas, indicating flight-to-quality within Brooklyn's luxury market
Transaction ceiling remains constrained with the week's highest contract at $3M for a three-bedroom, significantly below Manhattan's luxury benchmarks and suggesting limited ultra-high-net-worth engagement
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.