MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look down 🫣 @tarikpeat
The In-Between
Hi {{ First Name | Scooper }}! 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: Feb 14 to Feb 20, 2026
MANHATTAN | CONDOS & CO-OPS
1122 Madison penthouse becomes most expensive Upper East Side sale ever: The $89.5M contract at $9,572 PPSF surpassed 960 Fifth Avenue's $79M record—a historic transaction that anchors Manhattan's ultra-luxury dominance even as broader volume contracts for the holiday week.
Resale condo streak snaps after three weeks: 46 contracts (-23% YoY) marked the first annual decline after three consecutive weeks of double-digit gains—suggesting the condo momentum may have been a short burst rather than sustained trend.
Co-ops reclaim annual growth: 112 contracts (+13% YoY) made resale co-ops the only major product type posting year-over-year gains, flipping the narrative from recent weeks when condos led—the market's leadership continues rotating.
Above $10M surges 167% while everything else contracts: Activity was flat or down annually at every price point under $10M, but the top tier exploded—capital concentration at the ultra-luxury level has reached an extreme rarely seen.
Four-plus bedroom demand triples: 16 contracts (+220% YoY) made larger units the standout performer by unit type, reinforcing the post-pandemic preference for space among high-net-worth buyers despite premium pricing.
Insight 💡
When Waiting Is Actually the Smart Move
In NYC real estate, not every decision requires speed. Some require timing. Buyers who pause to evaluate comps, board dynamics, or seller motivation often negotiate from a stronger position. Sellers who resist early price cuts and instead adjust presentation or terms can preserve value. February is a month where discipline matters more than urgency. The smartest players aren’t reacting — they’re observing, recalibrating, and moving when leverage appears.
Strategy isn’t always fast — it’s intentional.
Let’s identify where patience — or action — gives you the edge.
WEEKLY REPORT: Feb 14 to Feb 20, 2026
BROOKLYN | CONDOS & CO-OPS
Fourth consecutive week of 25%+ annual decline: 55 contracts (-34% YoY) extended a streak not seen since March 2023—signaling Brooklyn's correction has moved beyond seasonal weakness into structural reset territory.
Prime neighborhoods collapse 80%: Williamsburg & Greenpoint and Carroll Gardens/Boerum Hill/Red Hook each fell 80% year-over-year—the borough's most desirable areas are experiencing the sharpest contractions, upending traditional assumptions about defensive positioning.
Single-family townhouses prevent total freefall: 7 contracts (+40% YoY) made single-family the only product type posting annual growth—without townhouse activity, overall Brooklyn sales would have declined 63% rather than 34%.
Condo and co-op markets evaporate: Resale condos fell 70% and co-ops dropped 79% year-over-year—apartment product types have essentially frozen, with buyers either unable or unwilling to transact at current price levels.
17 Douglass Street sets 2026 townhouse record: The $9.85M sale at $2,096 PPSF became the highest-priced Brooklyn townhouse transaction of the year—demonstrating that trophy single-family product commands premiums even as the broader market contracts.
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.