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.
WEEKLY REPORT: Oct 4 to 10, 2025
MANHATTAN | CONDOS & CO-OPS
Luxury segment showing resilience amid broader softness – Contracts above $5M surged 24% week-over-week to 21 deals, even as overall activity declined 7% year-over-year, suggesting high-net-worth buyers remain active while mid-market hesitates
Geographic divergence creates opportunity zones – Midtown and Downtown both posted 15% gains while Upper Manhattan dropped 24%, indicating a flight to established commercial corridors and repositioning of uptown assets
Entry-level price points driving volume – Under-$1M segment jumped 16% week-over-week to 103 contracts and represents 46% of all activity, with under-$3M properties up 5% annually, signaling sustained demand for accessible inventory
New development outperforming resale for second consecutive year – New construction sales rose 6% year-over-year while resale condos fell 18%, marking the second post-Labor Day period of resale weakness and highlighting developer pricing power
One-bedroom units emerging as sweet spot – One-bedroom contracts surged 27% while two-bedrooms fell 22% and studios declined 11%, reflecting work-from-home normalization and buyer preference for functional rather than spacious layouts
Insight 💡
Welcome to Tarik’s Scoop – Beyond the Numbers, where we cut through the data and focus on practical knowledge.
Why NYC Move-Up Buyers Are Back This Fall
After two years of sitting tight, many NYC homeowners are finally making their move — trading condos for brownstones, or one-beds for three-beds. What’s fueling it? Equity. With resale prices still firm and mortgage rates stabilizing, sellers who bought before 2021 are realizing they can leverage built-up equity into a larger, more permanent home. Downtown remains competitive, but the biggest surge is in Brooklyn neighborhoods like Park Slope and Carroll Gardens, where family-sized inventory has loosened just enough to create opportunity.
Key Takeaway: Homeowners with strong equity are re-entering the market, creating a ripple of new listings and trade-ups.
Call to Action: Thinking of moving up? [Let’s talk] and run a side-by-side analysis of your current equity and next-home potential.
WEEKLY REPORT: Oct 4 to 10, 2025
BROOKLYN | CONDOS & CO-OPS
Strong weekly momentum masks annual headwinds – Activity jumped 25% week-over-week to 71 contracts but remains 16% below last year, suggesting tactical buyer interest amid favorable near-term conditions rather than sustained market strength
Williamsburg driving borough-wide growth – The Williamsburg/Greenpoint submarket exploded 167% week-over-week, accounting for much of Brooklyn's gains while Brooklyn Heights/Cobble Hill/Dumbo/Downtown fell 15%, indicating hyper-localized demand
Mid-range price acceleration points to buyer urgency – The $750K-$1M segment surged 133% and $1M-$2M jumped 43%, with luxury ($3M+) up 50%, suggesting buyers across multiple wealth tiers are acting on perceived value before potential rate changes
New development sustaining momentum – New construction contracts rose 21% weekly and 6% annually while resale condos spiked 60% weekly but remain down 16% yearly, indicating developer pipeline strength amid resale inventory constraints
Smaller unit types commanding premium interest – Studio contracts surged 75% and three-bedrooms doubled while two-bedrooms remained flat, reflecting both entry-level buyer activity and family upsizing, while mid-sized units face competition
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.