MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Ahead 🫣 @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: Jan 31 to Feb 6, 2026
MANHATTAN | CONDOS & CO-OPS
Volume surges to highest weekly total of 2026: 243 contracts marked a 33% weekly jump and the strongest seven-day period this year—signaling that buyer activity is accelerating as the spring market approaches, even as annual comparisons remain slightly negative (-2% YoY).
New development momentum builds: 45 sponsor contracts (+15% YoY) marked the second consecutive week of annual gains—the first back-to-back positive stretch since November, suggesting the prolonged new development slump may finally be reversing.
Co-ops stage dramatic weekly comeback: 132 resale co-op contracts (+65% WoW) dominated volume, though still trailing last year by 10%—the weekly surge indicates pent-up demand is being released, particularly at lower price points where co-ops offer relative value.
Luxury maintains its three-week streak: Activity above $5M jumped 40% year-over-year for the third consecutive week, while sub-$5M activity fell 7%—capital continues flowing decisively to the upper tiers with no sign of fatigue.
432 Park Avenue claims 2026's top sale: The $59.5M contract at unit #78 ($7,186 PPSF) became the year's most expensive transaction, while 1122 Madison Avenue captured 6 of the top 10 contracts for the second straight week—demonstrating how select trophy buildings are absorbing outsized luxury demand.
Insight 💡
What Really Wins in NYC Negotiations
In NYC, price is only one part of an offer. Certainty often matters more. Financing strength, flexibility on timing, board package readiness, and clean terms can outweigh a slightly higher number. Sellers evaluate risk as much as reward, especially as spring approaches and options increase. Buyers who understand this don’t just compete — they position themselves intelligently. The strongest deals aren’t always the highest; they’re the most reliable.
In competitive markets, certainty creates leverage.
Let’s structure your next offer — or listing — to win beyond price.
WEEKLY REPORT: Jan 31 to Feb 6, 2026
BROOKLYN | CONDOS & CO-OPS
Weekly rebound masks deepening annual decline: 81 contracts represented a 35% weekly surge but a 29% year-over-year collapse—the steepest annual drop in months, signaling that Brooklyn's correction is intensifying rather than stabilizing.
Single-family emerges as the lone bright spot: 17 contracts (+42% YoY) made single-family homes the only product type to post an annual gain—buyers seeking land and autonomy are driving Brooklyn's only growth segment while apartment products crater.
Bed-Stuy and Crown Heights defy borough weakness: With 19 contracts (+58% YoY), this submarket was the sole neighborhood cluster to post annual growth—affordability relative to brownstone Brooklyn is attracting buyer capital that has fled pricier areas.
Apartment demand collapses across segments: Resale condos fell 46% and co-ops dropped 50% year-over-year, while new development declined 33%—every apartment product type is contracting, a breadth of weakness not seen in recent weeks.
Dumbo penthouse commands $17.5M: The week's top contract at Olympia Dumbo offered 5 bedrooms, Manhattan views, and a 552-square-foot terrace at $3,551 per square foot—proving that Brooklyn's ultra-luxury tier can still transact when product is exceptional.
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.