MANHATTAN & BROOKLYN | WEEKLY SCOOP
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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 28-Apr 3, 2026
MANHATTAN | CONDOS & CO-OPS
105-107 Bank Street becomes highest-priced Downtown townhouse ever: The $75M contract at $5,769 PPSF for this 13,000 SF West Village property set a historic record—proof that trophy assets command premiums regardless of broader market conditions.
Above $5M surges 67% for largest annual gain since January: 25 contracts marked a dramatic reversal from recent weeks' luxury weakness, with $10M–$20M tripling (+200% YoY) and over $20M posting 4 contracts against zero last year.
Below $3M collapses 22% as bifurcation intensifies: While luxury surged, entry and mid-market activity fell sharply, with under $1M down 30% and $1M–$3M down 13%—the gap between market segments has rarely been wider.
New development posts seventh consecutive annual decline: 37 contracts (-8% YoY) extended the losing streak despite a 42% weekly rebound, suggesting sponsor inventory remains structurally challenged despite occasional green shoots.
Three Flatiron Building contracts land in top 10: Floor 21 ($58.5M), Floor 7 ($30.5M), and 6 South ($10.95M) all went to contract—a remarkable concentration as the iconic building's residential conversion attracts significant buyer attention.
Insight 💡
Not Every “Deal” Is a Good One
In NYC, a “good deal” isn’t always what it looks like at first glance. A lower price can come with hidden trade-offs — slower boards, higher future costs, or limited resale appeal. Experienced buyers and sellers look beyond the headline number and evaluate the full picture: liquidity, flexibility, and long-term positioning. The best outcomes don’t just feel like a deal today — they hold up over time.
Value is measured over time, not at signing.
Let’s evaluate your next move beyond just the price.
WEEKLY REPORT: Mar 28-Apr 3, 2026
BROOKLYN | CONDOS & CO-OPS
Eighth consecutive week of annual decline—longest stretch since July 2025: 83 contracts (-21% YoY) extended a sustained contraction spanning two full months, with Passover and NYC schools' spring break compounding underlying weakness.
Above $2M rises 29% while below $2M falls 31%: Brooklyn's bifurcation mirrors Manhattan's—high-end townhouse activity is driving gains while entry-level and mid-market apartment products remain frozen.
Resale co-ops plummet 35% as apartment demand evaporates: Just 22 contracts—12 fewer than last year—made co-ops the worst-performing product type for the second consecutive week, reflecting sustained buyer retreat from Brooklyn's most price-sensitive segment.
Park Slope triples week-over-week: 10 contracts (+150% WoW) marked a sharp weekly rebound for the brownstone neighborhood, though flat annually—suggesting pent-up demand released rather than sustained momentum.
357 Henry Street leads Cobble Hill with classic townhouse scale: The $6.75M single-family sale at $1,378 PPSF—featuring 4,900 SF across 4 bedrooms—reinforced that premium brownstone Brooklyn continues attracting buyers despite the broader slowdown.
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.