MANHATTAN & BROOKLYN | WEEKLY SCOOP
Look Ahead 🫣 @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 9 - 15, 2026
MANHATTAN | CONDOS & CO-OPS
Sixth consecutive week of annual gains—first sustained streak since December 2024: 298 contracts (+22% YoY) extended the longest run of positive momentum in nearly 18 months, confirming that Manhattan's spring recovery has moved from trend to established pattern.
Resale condos post largest annual gain of 2026: 108 contracts (+54% YoY) marked the strongest condo performance this year by a wide margin—driven by double-digit gains across nearly every price tier as buyers who waited through winter finally transact.
Midtown explodes 135% annually: 73 contracts more than doubled last year's activity, making Midtown the standout submarket by far—with Upper Manhattan (+86%) and Financial District (+43%) also surging while Downtown (-1%) and Upper West Side (-18%) lagged.
Every price tier posts annual growth except $10M–$20M: From entry-level under $1M (+31%) through $3M–$5M (+56%), gains were broad-based—a departure from recent months when luxury and entry-level diverged sharply.
255 East 77th Street penthouse leads at $25.77M: The PHA unit ($4,344 PPSF) became the week's top contract, with 146 Waverly Place townhouse ($23.5M) and One High Line ($14.6M) also landing in the top 10.
Insight 💡
The Fastest Decision Isn’t Always the Best One
In NYC real estate, every buyer and seller moves at a different pace — and problems often begin when that pace is forced. Buyers who rush often compromise on priorities they later regret. Sellers who move too quickly can misread demand or leave leverage on the table. The strongest outcomes usually come from understanding your timeline before emotions and competition enter the process. Speed can help a deal close, but clarity is what makes it the right deal.
Your pace should support your strategy — not pressure it.
Let’s build a timeline that works for your goals, not the market’s noise.
WEEKLY REPORT: May 9 - 15, 2026
BROOKLYN | CONDOS & CO-OPS
Slowest week in seven weeks as annual decline reaches 25%: 93 contracts marked the weakest volume since late March, with contract activity declining year-over-year in 12 of the last 14 weeks—Brooklyn's correction shows no signs of abating.
Single-family townhouses remain the only positive product type: 10 contracts (+11% YoY) made detached homes the sole category posting annual growth—while resale condos (-26%), co-ops (-19%), and multi-family (-64%) all contracted sharply.
Above $2M surges 33% while below $2M collapses: The bifurcation persists—$2M–$3M rose 22% and over $3M jumped 50% annually, but $750K–$1M fell 56% and South Brooklyn posted 30 fewer sales than last year.
Bed-Stuy corridor continues outperformance: 20 contracts (+54% YoY) made Bed-Stuy/Crown Heights/PLG/Bushwick the strongest submarket for the second consecutive week, while South Brooklyn (-64% YoY) and Williamsburg (-50% YoY) struggled.
181 President Street leads with Carroll Gardens scale: The $8.25M contract for this 22.5-foot-wide single-family townhouse ($1,842 PPSF) became Brooklyn's top sale—proving trophy brownstones still command premiums even as the broader market contracts.
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.