MANHATTAN & BROOKLYN | WEEKLY SCOOP

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.

WEEKLY REPORT: Mar 22 to 28, 2025
MANHATTAN | CONDOS & CO-OPS

• Luxury Activity Anchors the Market: Manhattan saw continued strength in the luxury sector, with multiple contracts signed at price points exceeding $6M, underscoring sustained demand for high-end product in core neighborhoods.

• Uptown and Downtown Lead the Charge: Notable activity was observed in Upper East Side, Tribeca, and Greenwich Village, reflecting consistent buyer interest in legacy Manhattan neighborhoods with a blend of classic and modern inventory.

• New Devs Hold the Spotlight: Contracts in newly developed buildings commanded strong price-per-square-foot (PPSF) figures, signaling that buyers are prioritizing new construction amenities and move-in readiness.

• Stability Amid Macro Concerns: Despite economic uncertainty and interest rate sensitivity, Manhattan’s contract activity held relatively steady week-over-week, suggesting buyer confidence and underlying market health.

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WEEKLY REPORT: Mar 22 to 28, 2025
BROOKLYN | CONDOS & CO-OPS

• Contracts Signed Fell Sharply: Brooklyn saw a 29% drop in weekly contract activity and a 26% year-over-year decline, with condos down 31% and co-ops down 26%. The slowdown was most severe in higher price brackets.

• Mid-Market Resilience Emerges: Properties priced between $750K–$1M bucked the trend with a 30% week-over-week increase, suggesting steady demand from price-conscious buyers seeking value and space.

• Park Slope and Brooklyn Heights Slump: Some of Brooklyn’s most sought-after neighborhoods—like Park Slope and Brooklyn Heights—experienced double-digit drops in signed contracts, pointing to possible buyer fatigue or pricing friction.

• Top Contracts Showcase Lifestyle Appeal: The week’s top deal was a $4.65M townhouse at Bergen Brooklyn, highlighting continued interest in high-end, design-forward homes with strong PPSF and family-friendly layouts.