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: Mar 21-27, 2026
MANHATTAN | CONDOS & CO-OPS
Slowest first week of spring since 2022: 250 contracts marked the weakest spring kickoff in four years—a concerning signal as the market enters what should be its most active season.
New development posts sixth consecutive weekly decline: 26 contracts (-48% YoY) represented the second-largest annual drop of 2026, with sponsor inventory now in sustained freefall as buyers bypass new construction pricing.
Above $5M collapses 47% for steepest luxury decline of year: Just 16 contracts marked only the fourth time in 2026 that luxury underperformed the sub-$5M market (-14% YoY)—a dramatic reversal from earlier months when high-end activity led.
Upper East Side stands alone with annual growth: 68 contracts (+13% YoY) made the UES the only major submarket posting year-over-year gains, while Upper Manhattan (-41%), Upper West Side (-36%), and Downtown (-19%) all contracted.
15 Central Park West closes 7% above 2017 purchase: The $23M sale at $6,613 PPSF—up from the unit's prior sale nine years ago—demonstrated that trophy co-ops in premier buildings still appreciate despite broader market weakness.
Insight 💡
Every NYC Deal Is a Trade-Off — Here’s How to Win
Every real estate decision in NYC is a series of trade-offs — space vs. location, price vs. condition, timing vs. competition. The most successful buyers and sellers don’t try to win on every variable; they identify what matters most and flex on the rest. Deals come together when both sides understand their non-negotiables and where they can compromise. The edge isn’t in getting everything — it’s in getting what matters most.
Clarity on trade-offs creates stronger outcomes.
Let’s define your priorities before the next opportunity appears.
WEEKLY REPORT: Mar 21-27, 2026
BROOKLYN | CONDOS & CO-OPS
Nine consecutive weeks of annual decline—longest streak since July 2025: 76 contracts (-19% YoY) extended a sustained contraction that now spans over two months, signaling Brooklyn's correction shows no signs of stabilizing.
Resale co-ops collapse 47% as apartment demand evaporates: Just 16 contracts—14 fewer than last year—made co-ops the worst-performing product type by far, reflecting buyer retreat from Brooklyn's most price-sensitive segment.
Single-family townhouses double year-over-year: 10 contracts (+100% YoY) marked the strongest annual performance for any product type, reinforcing that detached homes with outdoor space remain the one category consistently finding buyers.
Brooklyn Heights corridor surges 133% annually: 14 contracts made the Downtown Brooklyn/Brooklyn Heights/DUMBO submarket the standout performer, more than doubling last year's activity as waterfront proximity drives demand.
280 Washington Avenue leads with historic Clinton Hill scale: The $8.99M single-family townhouse—originally built in 1887 with 10,000 SF—became Brooklyn's top sale, demonstrating sustained appetite for architecturally significant properties.
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.