Tarik's Weekly Scoop—February 15 to 21, 2025

Tarik's Weekly Scoop - February 15 to 21, 2025

Author

Tarik Peat
February 26, 2025

MANHATTAN & BROOKLYN | WEEKLY SCOOP

Look Up 🫣. @tarikpeat

The In-Between

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.

Tarik, a Jamaican developer's grandson, specializes in luxury NYC real estate, and he is an owner of Airbnbs. Tarik enjoys connecting with you and sharing his expertise, as well as utilizing Corcoran's commanding resources and influence to place you in the best possible position to complete a sale or purchase. What questions do you have about real estate?

WEEKLY REPORT: Feb 15 to 21, 2025
MANHATTAN | CONDOS & CO-OPS

  • Sales Dip Post-Holiday: 193 contracts were signed last week, down 10% year-over-year and 23% from the previous week due to President’s Day. This marks the slowest President’s Day week since 2020.

  • YTD Sales Holding Steady: Despite last week’s decline, year-to-date sales are only down about 1% compared to last year.

  • Segment Trends: New development and resale co-op sales saw double-digit declines, while resale condo sales edged up 3% year-over-year.

  • Luxury Market Resilience: Sales in all price ranges under $20M declined annually, but sales over $20M saw a slight increase from last year.

Which upscale NYC Italian restaurant is known for its celebrity clientele and famous spicy rigatoni vodka?

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250 West 15th Street #1I in Chelsea, Manhattan | StreetEasy

Luxury Living 1BR with Outdoor Space at Chelsea-West Village Crossroads.

streeteasy.com/building/250-west-15-street-new_york/1i

WEEKLY REPORT: Feb 15 to 21, 2025
BROOKLYN | CONDOS & CO-OPS

  • Sales Decline: 63 contracts were signed last week, down 11% from the previous week and 7% year-over-year.

  • Market Segments Shift: The $2M–$3M segment saw the biggest annual increase with three more sales, while sales over $3M dropped by six.

  • Submarket Standouts: Three of eight submarkets saw annual growth, with Carroll Gardens/Boerum Hill/Red Hook leading, up eight sales.

  • Top Contract of the Week: A three-bedroom at Bergen Brooklyn, featuring 300 sq. ft. of outdoor space, was the most expensive deal at $3.425M.

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What is the name of the NYC restaurant that serves the famous “Black Label Burger”?

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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.