MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Up 🫣 @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: May 23 - 29, 2026
MANHATTAN | CONDOS & CO-OPS
Eighth consecutive week of annual gains—longest streak since December 2024: 228 contracts (+10% YoY) extended Manhattan's sustained recovery through the Memorial Day holiday week, confirming that the market's momentum has become structural rather than episodic.
150 Charles Street maisonette closes 83% above 2015 purchase: The $21.5M contract ($3,831 PPSF) marked a significant appreciation story at the top of the market—proof that trophy West Village product commands premium returns over a decade hold period.
Resale condos and co-ops each post fifth consecutive week of annual gains: Condos (+16% YoY) and co-ops (+9% YoY) continued their sustained alignment—the longest simultaneous streak for both apartment product types since late 2024.
Above $5M rises for sixth straight week since pied-à-terre announcement: 22 contracts (+5% YoY) extended the post-legislation trend, with combined luxury activity up 5% annually across the six weeks since the tax was announced—suggesting the market has absorbed the news.
Financial District more than doubles annually: 11 contracts (+120% YoY) made FiDi the standout submarket by far, with Midtown (+55% YoY) also posting strong gains while Downtown (-3%) and Upper Manhattan (-28%) lagged.
Insight 💡
Why Showings Don’t Always Turn Into Offers
Buyers often ask how much interest a property is getting. Sellers do too. But in real estate, interest and demand aren't the same thing. Interest is a showing, a saved listing, or an open house visitor. Demand is when someone is willing to commit. The strongest listings convert attention into action because the pricing, condition, and value proposition align. In NYC, success isn't measured by how many people look—it's measured by how many feel compelled to act.
Attention creates opportunities. Demand creates results.
Let's discuss how to position your next move to generate demand, not just interest.
WEEKLY REPORT: May 23 - 29, 2026
BROOKLYN | CONDOS & CO-OPS
Brooklyn breaks its losing streak with first annual gain in weeks: 96 contracts (+7% YoY) marked the first year-over-year increase after three consecutive weeks of decline—a potential inflection point after months of sustained contraction.
Single-family townhouses surge 140% annually: 12 contracts—up from just 5 last year—made detached homes the standout performer by a wide margin, with resale condos (+16% YoY) and multi-family (+14% YoY) also posting annual gains.
Above $3M more than doubles year-over-year: 9 contracts (+125% YoY) continued the luxury townhouse momentum, while $1M–$2M rose 36% annually—only under $500K (-55% YoY) posted significant contraction.
Brooklyn Heights corridor surges 150% annually: 20 contracts made Downtown Brooklyn/Brooklyn Heights/DUMBO the only submarket posting gains on both a weekly and annual basis—driven by a jump in resale condo activity.
105 Saint Marks Avenue leads with historic Prospect Heights scale: The $5.85M contract for this restored 1873 Italianate single-family brownstone 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.