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: Jun 27 - July 3, 2026
MANHATTAN | RESIDENTIAL SALES
Resales rise for thirteenth consecutive week—even as luxury posts steepest drop of 2026: 206 contracts (+6% YoY) confirmed that the broad market remains healthy, with combined resale condos (+14% YoY) and co-ops (+9% YoY) driving gains while sales over $5M fell 50% annually.
Sales over $5M collapse the week the pied-à-terre tax takes effect: 6 contracts (-50% YoY, -63% WoW) marked the steepest luxury decline of the year—and in the eleven weeks since the tax was announced, sales over $5M are now down 3% (seven deals) versus 2025.
432 Park sells at 18% discount to 2019 sponsor price: The $25.75M contract ($6,516 PPSF) for unit 94A—a half-floor featuring Central Park views—represented a significant markdown from its $31.5M closing price five years ago.
Midtown surges 62% week-over-week: 42 contracts (+20% YoY) made Midtown the standout submarket, with Upper Manhattan (+22% YoY) also posting gains while Upper East Side (-41% WoW) and Upper West Side (-34% WoW) pulled back.
One-bedroom rises 43% annually: 80 contracts marked the strongest performance for this unit type in weeks, with two-bedroom (+14% YoY) also posting gains as entry-level and mid-market activity remained robust.
Insight 💡
Know What Success Looks Like
Before a home is listed or an offer is written, there's one question every buyer and seller should answer: What does success look like? For one seller, it may be maximizing price. For another, it's closing before the school year begins. A buyer may prioritize location over square footage, while another values flexibility above all else. When success is clearly defined, decisions become simpler, negotiations become more focused, and it's easier to recognize the right opportunity when it appears.
The clearest real estate decisions begin with a clearly defined goal. Let's define what success looks like before we map out your next move.
WEEKLY REPORT: Jun 27 - July 3, 2026
BROOKLYN | RESIDENTIAL SALES
Brooklyn contracts slip but resale condos surge 56% annually: 87 contracts (-16% YoY) marked the borough's second consecutive weekly decline, though resale condos posted their second straight week as the only product type with annual gains.
South Brooklyn drives the decline—everywhere else rose 5%: A 48% annual drop in South Brooklyn masked strength elsewhere, as contracts outside that submarket actually increased year-over-year.
Carroll Gardens triples year-over-year: 6 contracts (+200% YoY) made this brownstone submarket the standout performer, with 283 Union Street—a newly renovated single-family townhouse with a 1,000 SF backyard—leading at $7.45M.
$3M–$5M rises 50% annually: 6 contracts continued the luxury townhouse momentum, even as over $5M remained flat and mid-market tiers contracted.
Single-family rises 25% week-over-week: 15 contracts marked a rebound from last week's pullback, though annual comparisons remain negative as townhouse inventory tightens.
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.