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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.
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WEEKLY REPORT: Oct 18 to 24, 2025
MANHATTAN | CONDOS & CO-OPS
Robust momentum with 282 contracts signed, marking a 24% week-over-week surge and 13% annual growth, signaling sustained investor confidence and buyer activity in the luxury segment
Resale market driving growth with condos up 26% and co-ops up 22% week-over-week, while new development sales declined 15% year-over-year for the first time in five weeks, indicating a potential shift in buyer preferences toward established properties
Luxury segment showing exceptional strength with contracts over $5M jumping 28% week-over-week and the $10M-$20M bracket surging 150%, headlined by a $54.9M penthouse contract at Central Park Tower ($7,761 PSF)
Geographic divergence emerging as Upper West Side contracts surged 46% and Midtown climbed 28% week-over-week, while Upper East Side remained relatively flat at 13% growth, suggesting neighborhood-specific investment opportunities
Entry-level market accelerating with sub-$1M contracts up 41% week-over-week and one-bedroom units jumping 46%, indicating broadening market participation beyond ultra-high-net-worth buyers
Insight 💡
Welcome to Tarik’s Scoop – Beyond the Numbers, where we cut through the data and focus on practical knowledge.
Timing the Market vs. Understanding It
Every fall, some buyers ask if they should “wait for a better time.” But here’s the truth: NYC doesn’t move in national cycles. Pricing shifts here depend on neighborhood micro-markets, not the Fed’s next move. For example, West Village two-bedrooms are still seeing multiple offers, while Midtown condos above $3M are sitting. The winners this season are the ones who act on data, not fear.
Key Takeaway: Market timing rarely beats market understanding—precision beats prediction.
Call to Action: [Let’s review] your target area’s real data so you can make your move with confidence.
WEEKLY REPORT: Oct 18 to 24, 2025
BROOKLYN | CONDOS & CO-OPS
Mixed signals with 73 contracts representing 24% weekly growth but 19% annual decline, marking the fourth consecutive week of double-digit year-over-year contraction and reflecting ongoing market recalibration
New development outperforming as the sole bright spot, up 57% week-over-week and the only product category avoiding double-digit annual declines, suggesting developers are better calibrated to current buyer demand
Affordability challenges at entry level as sub-$500K contracts declined 18% week-over-week while $1M-$2M segment surged 92%, indicating pricing pressure pushing buyers into higher brackets
Dramatic geographic concentration with Williamsburg and Greenpoint contracts soaring 225% week-over-week while five of eight submarkets posted negative annual growth, creating clear winners and losers in the borough
Unit size preferences shifting as three-bedroom contracts doubled and studios jumped 75% week-over-week, while one-bedrooms declined 15%, reflecting changing space requirements and lifestyle priorities post-pandemic
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.