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: Nov 15 to 21, 2025
MANHATTAN | CONDOS & CO-OPS
Contract volume reached 224 signed agreements, reflecting a 5% week-over-week gain but a 4% year-over-year decline—the second consecutive week of modest annual underperformance following four weeks of double-digit gains.
New development activity surged 77% week-over-week, with 39 contracts signed, signaling renewed buyer appetite for sponsor units despite broader market cooling in the resale segment where co-ops declined 6%.
Midtown emerged as the week's standout submarket, posting a 62% week-over-week increase and 15% year-over-year growth, while Upper Manhattan contracted 39% week-over-week as demand concentrated in core locations.
The ultra-luxury segment delivered a marquee transaction: 220 Central Park South #32A entered contract at $39M asking ($10,532 PPSF), representing a 47% premium over its 2018 sponsor price of $26.5M—a notable appreciation benchmark for trophy assets.
Price-tier performance diverged significantly: the $1M–$3M segment expanded 9% week-over-week, while $10M–$20M activity collapsed 75%, suggesting wealth advisors should note continued strength in the core luxury band versus episodic ultra-high-net-worth transactions.
Insight 💡
The Thanksgiving Effect: When Serious Buyers Step Forward
Every year, the week before and after Thanksgiving surprises sellers. Casual buyers disappear—but motivated, ready-to-act consumers step forward. With fewer competing shoppers and less noise, serious buyers schedule focused tours and come prepared. For sellers, this means clearer signals and stronger conversations. For buyers, it's a chance to negotiate confidently, especially when a listing has lingered through the fall.
Late November separates the browsers from the buyers. If you're considering a strategic move around Thanksgiving, let's map out your timing.
WEEKLY REPORT: Nov 15 to 21, 2025
BROOKLYN | CONDOS & CO-OPS
Brooklyn posted its strongest week since January with 143 contracts signed, a 36% week-over-week and 32% year-over-year surge that sharply outpaced Manhattan's more tempered performance.
New development velocity doubled week-over-week (+106%), with single-family house and townhouse contracts increasing 133% year-over-year—a structural shift indicating heightened demand for Brooklyn's limited housing stock with outdoor space and multi-generational flexibility.
The $3M+ segment doubled year-over-year, with 16 contracts signed versus 8 in the comparable 2024 week, confirming Brooklyn's maturation as a credible luxury alternative for high-net-worth buyers seeking value relative to Manhattan price-per-square-foot benchmarks.
Williamsburg and Greenpoint led all submarkets, posting a 122% week-over-week and 150% year-over-year increase, while South Brooklyn maintained steady volume (42 contracts) as the borough's most active micro-market by absolute transaction count.
The week's top contract was a Quay Tower penthouse at $5.995M ($2,347 PPSF), underscoring Brooklyn Heights' continued premium positioning as the borough's trophy-asset destination for Downtown Brooklyn waterfront exposure.
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.