MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Around 🫣 @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 21 to Feb 27, 2026
MANHATTAN | CONDOS & CO-OPS
Fifth consecutive week of annual decline—longest losing streak since 2023: 223 contracts marked a 16% year-over-year drop, extending a negative run not seen since September 2023—signaling that broader market headwinds persist despite pockets of strength.
Above $5M posts fourth straight week of 25+ contracts: 28 luxury deals (+12% YoY) continued the high-end momentum, while sub-$5M activity fell 19% annually—the bifurcation between ultra-luxury strength and mainstream softness shows no signs of reversing.
Resale condos surge 41% weekly: 65 contracts represented the strongest weekly condo performance in months, recovering from last week's decline—though still trailing last year by 3%, suggesting choppy rather than sustained momentum.
Upper West Side explodes 74% week-over-week: With 47 contracts, the UWS dramatically outperformed other submarkets, while Upper Manhattan fell 17% and Midtown dropped 9%—geographic rotation continues at a rapid pace.
15 East 63rd Street closes 40% below original ask: The week's top contract—an 18,000 SF townhouse at $39.5M ($2,194 PPSF)—sold well below its March 2024 asking price of $65M, illustrating the price discovery required even for trophy properties.
Insight 💡
Why Early Strategy Matters More Than You Think
Most people think negotiations start with the first offer. In reality, they begin much earlier — with how a property is introduced to the market or how a buyer first signals interest. Pricing, positioning, and preparation quietly shape expectations before numbers are even discussed. In NYC, where buyers and sellers are highly informed, those early signals influence how seriously an opportunity is taken and how negotiations unfold.
The strongest negotiations are shaped before the first offer is written.
Let’s structure the strategy that sets the right tone from the start.
WEEKLY REPORT: Feb 21 to Feb 27, 2026
BROOKLYN | CONDOS & CO-OPS
Williamsburg stages historic weekly rebound: 16 contracts represented a 433% week-over-week surge from just 3 the prior week—though still down 11% annually, the dramatic recovery suggests the neighborhood's freefall may be stabilizing.
New development emerges as sole annual growth story: 22 contracts (+16% YoY) made sponsor inventory the only product type posting year-over-year gains—driven by a jump in North Williamsburg sales that offset broader borough weakness.
Resale condos triple week-over-week: 27 contracts (+200% WoW) marked a sharp reversal from recent collapses, though flat annually—indicating pent-up demand may be releasing after weeks of buyer paralysis.
Studios nearly vanish for second time in 2026: Just 1 contract (-89% YoY) reinforced the evaporation of entry-level demand—first-time buyers remain effectively locked out of Brooklyn's market.
The Sixth penthouse leads with rooftop scale: The $6.25M top sale at $2,696 PPSF featured 1,144 SF of outdoor space across three terraces—proving that exceptional private outdoor amenities continue commanding premiums in Williamsburg's luxury tier.
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.