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: July 4 - 10, 2026
MANHATTAN | RESIDENTIAL SALES
Luxury rebounds with greatest year-over-year jump of 2026: 20 contracts above $5M (+67% YoY, +233% WoW) marked a dramatic reversal from last week's 50% collapse—and in the twelve weeks since the pied-à-terre tax was announced, sales over $5M are now up 1% versus 2025.
Central Park Tower posts second-most expensive Midtown sale of 2026: The $54.9M contract ($7,761 PPSF) for unit 113—a full floor on the 113th story—anchored a top-10 list that included four Corcoran-represented properties.
Townhouses quintuple year-over-year: 6 contracts (+500% YoY) matched last year's entire townhouse volume in a single week, with new development also nearly doubling (+85% YoY) as sponsor activity surged.
Resale condos rise for eleventh consecutive week: 87 contracts (+16% YoY) extended the sustained resale momentum, though co-ops posted their twelfth annual decline of 2026—continuing the divergence between the two apartment product types.
Four+ bedroom nearly quadruples year-over-year: 28 contracts (+87% YoY, +300% WoW) marked the strongest performance for family-sized units in months, with Upper West Side (+49% WoW) and Financial District (+100% YoY) both surging.
Insight 💡
The Value of Keeping Options Open
One of the strongest negotiating tools isn't price—it's flexibility. Buyers with realistic timelines can wait for the right opportunity instead of forcing one. Sellers with a thoughtful plan can evaluate offers based on the complete picture, not just urgency. The more options you preserve throughout the process, the better your decisions become. In real estate, flexibility isn't indecision—it's a strategic advantage that allows you to respond thoughtfully instead of react emotionally.
The more options you have, the stronger your position becomes. Let's build a strategy that gives you choices—not pressure.
WEEKLY REPORT: July 4 - 10, 2026
BROOKLYN | RESIDENTIAL SALES
Brooklyn crosses 100 contracts with sixth positive week in seven: 100 contracts (+11% YoY) marked the borough's strongest sustained momentum of 2026, with six of eight submarkets posting annual gains.
Park Slope surges 325% week-over-week: 17 contracts (+55% YoY) made this submarket the standout performer, driven by a jump in resale condo and townhouse sales that produced the largest nominal improvement of any neighborhood.
New development posts first annual gain in five weeks: 15 contracts (+7% YoY) marked a turning point for sponsor inventory, though resale condos broke their 14-week winning streak with 0% annual change.
Over $5M more than triples year-over-year: 7 contracts (+133% YoY) continued the luxury outperformance, with $3M–$5M also surging 150% annually as Brooklyn's high end drives the recovery.
172 North 6th Street leads with new construction in North Williamsburg: The $7.495M contract for this newly built single-family townhouse became Brooklyn's top sale—proof that buyers will pay a premium for turnkey product 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.