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 24 to 30, 2026
MANHATTAN | CONDOS & CO-OPS
New development breaks its losing streak: 39 contracts marked an 86% weekly surge and the first year-over-year gain (+77%) after nine consecutive weeks of annual decline—a potential inflection point for sponsor inventory that has struggled to find buyers.
Luxury market accelerates dramatically: Activity above $5M jumped 53% year-over-year with 26 contracts, while sub-$5M activity fell 5%—capital continues rotating decisively into the upper tiers, with the $10M–$20M segment up 80% week-over-week.
Condo-co-op divergence widens: Resale condos surged 54% annually while co-ops contracted 34%—a complete reversal from prior weeks when co-ops led, suggesting buyers are now prioritizing flexibility and financing ease over value.
Downtown dominates volume: With 63 contracts (+58% WoW, +9% YoY), Downtown Manhattan captured more than a third of borough activity, while the Upper East Side pulled back 22% weekly—geographic momentum is shifting south.
1122 Madison Avenue commands the week: Five of the top ten contracts occurred at this single Upper East Side address, ranging from $10.85M to $14.6M—demonstrating how trophy new developments can concentrate luxury demand when product and pricing align.
Insight 💡
Why February Decisions Shape Spring Outcomes
February isn’t about rushing — it’s about positioning. Buyers who get organized now (financing, priorities, timing) enter spring with leverage, not pressure. Sellers who prepare early — pricing, presentation, and strategy — avoid chasing the market later. By the time activity visibly accelerates, many advantages are already locked in behind the scenes. In NYC, February is where smart decisions quietly compound before competition returns.
Leverage is built before the market gets loud.
Let’s use February to position you ahead of the spring curve.
WEEKLY REPORT: Jan 24 to 30, 2026
BROOKLYN | CONDOS & CO-OPS
Sixth consecutive week of annual decline: 59 contracts represented a 27% year-over-year drop, extending Brooklyn's softening trend—though the 11% weekly rebound suggests the market may be finding a floor.
Studios vanish entirely: Zero studio contracts were signed versus five the prior week—a complete evaporation of entry-level demand that signals first-time buyers are either priced out or pausing entirely.
Luxury segment defies the broader weakness: Contracts above $3M surged 167% year-over-year with 8 signings, while activity under $500K collapsed 53%—Brooklyn's bifurcation between high-end resilience and entry-level distress is now extreme.
New development rebounds sharply: 22 contracts (+83% WoW) accounted for 37% of Brooklyn volume, though still down 8% annually—sponsor inventory is moving, but at a pace that trails last year's absorption.
Brownstone Brooklyn holds firm: Carroll Gardens, Boerum Hill, and Red Hook posted the only annual submarket increase (+33% YoY), while South Brooklyn cratered 63%—premium townhouse neighborhoods continue outperforming the borough.
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.