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: Feb 28 to Mar 8, 2026
MANHATTAN | CONDOS & CO-OPS
Six-week losing streak snaps with decisive 10% annual gain: 258 contracts marked the highest weekly volume since November and the first year-over-year increase since late January—signaling that Manhattan's correction may have found a floor.
New development posts second-strongest YoY growth in nine months: 35 contracts (+40% YoY) showed sponsor inventory finally gaining traction after months of volatility—a meaningful shift as developers had struggled to compete with resale pricing.
Above 34th Street surges 33% while below 34th Street contracts 24%: The geographic split has reversed from recent weeks, with Upper Manhattan (+73% WoW), Upper West Side (+75% YoY), and Upper East Side (+48% YoY) driving the recovery—Downtown's dominance has paused.
Over $20M triples year-over-year: 7 contracts (+250% YoY) anchored by 50 West 66th Street's $35M sale at $7,175 PPSF demonstrated that ultra-luxury demand remains robust even as the broader market recalibrates.
Four-plus bedroom demand nearly doubles: 27 contracts (+93% YoY) continued the multi-month surge in larger units, reinforcing that space-seekers are driving activity at the upper end of the market.
Insight 💡
Why “Almost the Right Home” Can Be Expensive
In NYC real estate, many decisions stall at “almost.” Almost the right layout. Almost the right location. Almost the right price. But waiting for perfect often means missing the opportunity that was actually right. The most successful buyers focus on priorities, not perfection. The most successful sellers understand that the right buyer rarely looks exactly like the one imagined. The real skill in this market isn’t timing the moment perfectly — it’s recognizing when “almost” is actually the right move.
Clarity beats perfection in real estate decisions.
Let’s identify the priorities that make your next move the right one.
WEEKLY REPORT: Feb 28 to Mar 8, 2026
BROOKLYN | CONDOS & CO-OPS
Every product type posts annual decline for first time this year: All five categories—new development, resale condo, resale co-op, single-family, and 2-4 family—fell year-over-year simultaneously, underscoring the depth of Brooklyn's ongoing correction.
New development suffers largest nominal drop: Down 13 contracts (-46% YoY), sponsor inventory reversed last week's momentum—suggesting Brooklyn's new construction pipeline is struggling to find buyers at current pricing levels.
Park Slope emerges as rare bright spot: 8 contracts (+60% YoY) made Park Slope & Gowanus one of only two submarkets posting annual growth—brownstone Brooklyn's resilience stands out against a sea of red.
Co-ops surge 130% weekly but remain deeply negative annually: 23 contracts still reflected a 26% year-over-year decline, illustrating that week-to-week volatility masks the sustained contraction in Brooklyn's apartment market.
380 Sackett Street triplex leads with income-producing appeal: The $4.25M top sale in Carroll Gardens—configured as an owner's triplex with two floor-through rentals—highlighted buyer interest in properties that offset carrying costs in a high-rate environment.
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.