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: Jan 10 to 16, 2026
MANHATTAN | CONDOS & CO-OPS
Broad-based slowdown materializes: 177 contracts signed marked the first week since July where new development, resale condo, and resale co-op segments all recorded year-over-year declines simultaneously—signaling a potential inflection point after months of mixed performance.
Luxury segment contracts sharply: Activity above $5M fell 31% year-over-year with just 11 contracts, while the $10M–$20M tier recorded zero transactions. This contrasts with the $3M–$5M "core luxury" bracket, which surged 50% week-over-week and 29% annually, suggesting capital is concentrating in the upper-mid tier.
Geographic divergence widens: Upper Manhattan (+23% YoY) and Midtown (+11% YoY) outperformed, while Downtown contracted 20% year-over-year—continuing a pattern of northern Manhattan resilience against southern softness.
Larger units drive demand: Three-bedroom (+33% WoW) and four-plus bedroom (+240% WoW) contracts surged, while studios collapsed 41% week-over-week, reflecting sustained preference for space among high-net-worth buyers despite premium pricing.
Trophy pricing under pressure: The week's top contract at 4 East 66th Street closed at $30M—14% below its original asking price at $4,286 per square foot—illustrating that even prime Upper East Side addresses require meaningful price discovery to transact.
Insight 💡
Why January Matters More Than It Looks
January isn’t about volume — it’s about direction. Early-year activity reveals how buyers and sellers are positioning themselves after the reset. Motivated buyers move quickly on well-priced listings, while sellers test expectations against real demand. The noise of last year fades, and clarity replaces it. In NYC, January isn’t slow — it’s diagnostic. The decisions made now often shape the pace and pricing of the months ahead.
January doesn’t predict the year — it sets it.
Let’s read the early signals and plan your next move with intention.
WEEKLY REPORT: Jan 10 to 16, 2026
BROOKLYN | CONDOS & CO-OPS
Volume recovers weekly but annual weakness persists: 57 contracts represented a 14% week-over-week rebound, yet marked the fourth consecutive week of year-over-year declines (down 20%)—underscoring that Brooklyn's post-pandemic momentum has meaningfully decelerated.
Entry-level market deteriorates while core strengthens: Sub-$500K activity collapsed 85% year-over-year with just 2 contracts, whereas the $1M–$2M segment expanded 50% annually with 24 signings—indicating Brooklyn's buyer pool is shifting decisively upmarket.
New development shows relative resilience: With 20 contracts (down only 13% YoY versus resale condos at -32% and co-ops at -37%), new construction continues capturing share—suggesting developer pricing and amenity packages remain competitive against aging inventory.
Submarket bifurcation intensifies: Bed-Stuy, Crown Heights, and Bushwick posted a 100% year-over-year surge (7 to 14 contracts) while Park Slope and Gowanus cratered 83%—a stark reordering of Brooklyn's traditional value hierarchy.
Dumbo commands premiums for scale: The week's top transaction—a duplex penthouse at 51 Jay Street with 2,500 square feet of landscaped terrace at $5.995M—demonstrates that trophy Brooklyn product with genuine outdoor space continues attracting capital despite broader market softness.
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.