MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look ahead! 🫣 @tarikpeat
The In-Between
Hi {{ First Name | Scooper }}! Headlines cover the market monthly. Deals happen daily. This is what moved in between — one week of Manhattan and Brooklyn contracts, distilled to what matters.
WEEKLY REPORT: Aug 8 - 14, 2026
MANHATTAN | RESIDENTIAL SALES
Resale condos the only product type holding level with 2025: 72 contracts (0% YoY) maintained their resilience while new development (-50% YoY), co-ops (-14% YoY), and townhouses (-50% YoY) all posted double-digit annual declines.
The Cortland posts Chelsea's most expensive sale since October 2025: The $30M contract ($4,747 PPSF) for PH24W anchored a week where trophy product moved decisively—even as the broader market fell 14% annually.
Manhattan posts double-digit annual declines for third time in four weeks: 188 contracts (-14% YoY) confirmed that mid-August softness has arrived, driven by a 20% drop in sales under $1M and a 46% collapse in the $3M–$5M tier.
One-bedroom surges 11% year-over-year: 82 contracts marked the strongest performance for this unit type in weeks, with $1M–$3M also rising 4% annually—suggesting entry-level buyers remain active while move-up buyers pause.
Upper East Side posts largest weekly gain: 42 contracts (+35% WoW) marked a rebound from last week's pullback, though annual comparisons remain negative at -7% YoY.
Tarik's Scoop – Beyond the Numbers 💡
The Same Week, Two Different Markets
Manhattan fell 14% this week. Chelsea posted its most expensive sale since October 2025.
That's not a contradiction—it's how real estate actually works.
Aggregate numbers tell you what the average buyer did. They don't tell you what the best opportunities looked like. When the market softens, serious sellers price correctly and serious buyers act. The Cortland's $30M penthouse didn't close because the market was strong. It closed because the building, the unit, and the price aligned—and a buyer recognized it.
Waiting for the market to "recover" before making a move means competing with everyone else who had the same idea. The best transactions often happen when the headlines look worst.
Headlines measure volume. Value is measured one property at a time—let's find where the alignment is.
WEEKLY REPORT: Aug 8 - 14, 2026
BROOKLYN | RESIDENTIAL SALES
Townhouses double week-over-week and surge 28% annually: 32 contracts across single-family (+23% YoY) and multi-family (+55% YoY) made detached homes the clear outperformer—while condos (-11% YoY), co-ops (-36% YoY), and new development (-24% YoY) all declined.
South Brooklyn posts largest annual increase of any submarket: 55 contracts (+45% YoY, +17 deals) dominated Brooklyn activity, driven by a jump in single-family and multi-family townhouse sales.
Three-bedroom more than doubles year-over-year: 23 contracts (+109% YoY) marked the strongest performance for this unit type in months, with four+ bedroom also rising 14% annually—family-sized units leading.
Over $1M rises 6% while under $1M falls 15%: The bifurcation continues as entry-level contracts (-32% under $500K, -13% in $500K–$750K) pulled back while $1M–$2M rose 12% annually.
100 Jay Street penthouse leads with terrace and hot tub: The $5.8M contract ($1,975 PPSF) for this 2,936 SF unit became Brooklyn's top sale—proving that outdoor space commands premiums in DUMBO's trophy buildings.
Grandson of a Jamaican developer. Corcoran agent. Short-term rental owner. I help executives, founders, and investors buy, sell, and hold across Manhattan and Brooklyn. I'm behind Tarik's Scoop because the market moves fast and busy people deserve clean signal, not noise.
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Thinking about buying or selling in NYC? I work with executives, founders, and investors across Manhattan and Brooklyn. |
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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.