MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look up! 🫣 @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: July 18 - 24, 2026
MANHATTAN | RESIDENTIAL SALES
Greatest annual decline since early April: 186 contracts (-12% YoY) marked the sharpest year-over-year drop since the first week of April, as the summer slowdown arrived with new development, resale condos, and co-ops all declining for the first time since March.
150 Charles posts 136% gain from 2015 sponsor purchase: The $21.5M contract ($4,886 PPSF) for unit M2 marked one of the largest appreciation stories of the year—a 136% gain from its $9.11M sponsor closing in July 2015.
Giorgio Armani Residences sells 18% above December 2024 closing: The $25.5M contract ($5,629 PPSF) for unit 9 marked a premium to its $21.64M sponsor closing just seven months ago—confirming that trophy product appreciates even in soft markets.
Fourteen weeks post-pied-à-terre announcement: luxury now trails 2025 by one contract: 9 contracts above $5M (-36% YoY) brought the cumulative post-tax total to one fewer deal than the same period last year—the first time luxury has fallen behind.
Four+ bedroom rises 56% annually: 14 contracts (+40% WoW) marked sustained strength for family-sized units even as the broader market softened, with Upper East Side (+7% YoY) the only submarket posting gains outside Upper Manhattan.
Insight 💡
Control the Variables You Can
Every real estate transaction has variables you can't control—interest rates, competing buyers, or unexpected market shifts. But the best outcomes rarely come from predicting those factors. They come from mastering the ones you can control: pricing, preparation, timing, financing, and expectations. Successful buyers and sellers don't wait for perfect market conditions. They create an advantage by making better decisions with the information available today. That's where strategy consistently outperforms speculation.
You can't control the market, but you can control how prepared you are to succeed in it. Let's build a strategy around the variables you can control—and make them work in your favor.
WEEKLY REPORT: July 18 - 24, 2026
BROOKLYN | RESIDENTIAL SALES
Brooklyn posts lowest volume since first week of 2026: 61 contracts (-46% YoY) marked the weakest week of the year, with all product types except resale condos declining by double-digit annual percentages.
Resale condos the only product type posting annual gains: 23 contracts (+10% YoY) rose by two deals versus last year, while new development (-50%), co-ops (-67%), single-family (-64%), and multi-family (-47%) all contracted sharply.
Over $5M surges 300% year-over-year from a base of zero: 4 contracts marked the only luxury activity in this week last year, though total volume collapsed across nearly every tier.
Brooklyn Heights corridor posts largest annual increase: 12 contracts (+71% YoY) made Downtown Brooklyn/Brooklyn Heights/Cobble Hill the standout submarket, with five more sales than a year ago driven by resale condo activity.
611 2nd Street leads with Park Slope Historic District scale: The $11.5M contract for this newly renovated single-family townhouse became Brooklyn's top sale—confirming that buyers pay premiums for turnkey renovations in prime locations.
Grandson of a Jamaican developer. Corcoran agent. Short-term rental owner. I help executives, founders, and investors buy, sell, and hold across Manhattan and Brooklyn. I'm behind Tarik's Scoop because the market moves fast and busy people deserve clean signal, not noise.
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Thinking about buying or selling in NYC? I work with executives, founders, and investors across Manhattan and Brooklyn. |
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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.