MANHATTAN & BROOKLYN | WEEKLY SCOOP
Go Knicks! 🫣 @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 6 - 12, 2026
MANHATTAN | CONDOS & CO-OPS
Tenth consecutive week of annual gains—longest streak since December 2023: 287 contracts (+20% YoY) extended Manhattan's sustained recovery into double digits, confirming that the market's momentum has become the dominant story of 2026's first half.
$15M–$25M surges fivefold year-over-year: 6 contracts (+500% YoY) marked the strongest performance in this ultra-luxury tier in months, with One High Line's $26.6M penthouse ($5,258 PPSF) becoming the most expensive Chelsea deal in a year.
Resale condos and co-ops each post seventh consecutive week of annual gains: Condos (+37% YoY) and co-ops (+18% YoY) continued their unprecedented alignment—the longest simultaneous winning streak for both apartment product types since December 2023.
Eight weeks post-pied-à-terre announcement: sales over $5M up 4% versus 2025: 32 contracts (+52% WoW, +23% YoY) confirmed that luxury buyers have absorbed the tax news and are transacting ahead of the July 1 effective date.
Four+ bedroom surges 73% annually: 19 contracts marked the strongest performance for family-sized units in weeks, with Upper Manhattan (+31% YoY) and Downtown (+27% YoY) both posting significant gains.
Insight 💡
Why Buyers and Sellers Often Wait for Someone Else to Go First
One of the most common real estate behaviors isn't buying or selling—it's waiting for validation. Buyers look for signs that other buyers are interested. Sellers look for signals that their pricing is correct. The challenge is that the best opportunities often emerge before consensus forms. By the time everyone agrees a property is desirable or a market is improving, the advantage has usually disappeared. In real estate, confidence rarely comes from certainty. It comes from making a well-informed decision before the crowd catches up.
The greatest opportunities often exist before they're obvious. Let's identify where conviction—not consensus—can create an advantage.
WEEKLY REPORT: Jun 6 - 12, 2026
BROOKLYN | CONDOS & CO-OPS
Brooklyn posts third consecutive week of annual gains: 117 contracts (+3% YoY) marked the fifth year-over-year increase in the past seven weeks—the strongest sustained momentum the borough has shown since spring began.
Single-family townhouses rise 44% year-over-year: 13 contracts continued the detached home outperformance, with 45 Douglass Street in Cobble Hill ($11.5M for a 25-foot-wide single-family) anchoring the week's top sales.
Over $5M surges fivefold year-over-year: 6 contracts (+500% YoY) matched Manhattan's ultra-luxury performance, with $3M–$5M also rising 167% annually—confirming that Brooklyn's high end is driving the borough's recovery.
Bed-Stuy corridor posts highest sales volume since May 2024: 27 contracts (+35% WoW, +29% YoY) made this submarket the standout performer, driven by stronger multi-family activity than a year ago.
$750K–$1M more than doubles week-over-week: 29 contracts (+142% WoW, +7% YoY) marked a significant surge in the entry-to-mid-market tier, suggesting buyers priced out of higher tiers are finding opportunities.
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.