Jake Indursky

Brooklyn, New York

Reporter at The Real Deal

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Articles

Year in review: Cash-flow positive Compass faces resi headwinds

1 week ago | therealdeal.com | Jake Indursky

Could Compass be suffering under the weight of its own expectations? The firm spent much of its first cash-flow positive year buying up competitors and duking it out with major industry players over private listings, generating positive headlines and stock moves for its financial and strategic wins. Compass reported its first-ever cash flow-positive period in the second quarter of 2023.
Restored townhouse with 100-foot garden tops Brooklyn signs contracts

1 week ago | therealdeal.com | Jake Indursky

A restored townhouse with an elaborate garden topped the signed deals in Brooklyn’s luxury market last week. In total, the borough netted 28 contracts — six condos, two co-ops and 20 townhouses — with a total volume of $89 million from June 9 to June 15, according to Compass’ weekly report of contracts for homes asking at least $2 million. The previous week saw 23 contracts signed for $70 million. There were 19 luxury contracts signed for $71 million during the same week last year.
Tom Clancy’s widow buys $21M Tribeca triplex penthouse

1 week ago | therealdeal.com | Jake Indursky

Despite the buyer being associated with deception and intrigue, the new owner of a Manhattan triplex penthouse is no longer a mystery. Alexandra Clancy, widow of the late acclaimed novelist Tom Clancy, bought a $21.4 million penthouse at Elad Group’s 108 Leonard Street, known as Tribeca’s clock tower building, according to public records. Douglas Elliman’s Dora Abril, who represented Clancy, declined to comment.
Move CEO Damian Eales Comes Out In Support Of Clear Cooperation Policy

1 week ago | therealdeal.com | Jake Indursky

The official listing site of the National Association of Realtors has weighed in on the private listings debate. Move CEO Damian Eales, who oversees listing website Realtor.com, came out in favor of NAR’s Clear Cooperation Policy, which requires listings to be uploaded to the multiple listing service within one day of being publicly marketed. NAR and Realtor.com are more intertwined than most other industry players.
One Domino’s $7.8M penthouse snags Williamsburg new dev record

1 week ago | therealdeal.com | Jake Indursky

Two Trees’ One Domino Square has upped the ante in the battle of the Williamsburg waterfront developments. The project sold its duplex penthouse for $7.745 million, according to sales director Aaron Goed. The deal, which is yet to close, marks the record for the neighborhood’s priciest sponsor sale and at $3,046 per square foot, the sale is also the neighborhood’s priciest per square foot for any residential sale by more than 12 percent.
StreetEasy listings drop by more than 1,000 day 1 of FARE Act passage

2 weeks ago | therealdeal.com | Sheridan Wall |Jake Indursky |Kathryn Brenzel

The ban on “forced” broker fees has been live for only a few hours, but listings on StreetEasy have already dropped by more than 1,000. The Fairness in Apartment Rental Expenses, or FARE, Act went into effect on Wednesday, after a federal court judge rejected the real estate industry’s bid to delay the law. Opponents of the measure have argued that it would lead to fewer public rental listings. The declining number of listings on StreetEasy may already be bearing that out.
Fashion photog finds buyer for Boerum Hill townhouse asking $5M

2 weeks ago | therealdeal.com | Jake Indursky

A historic townhouse owned by a veteran fashion photographer was one of the top homes to score a contract in Brooklyn last week. In total, the borough netted 23 contracts — nine condos and 14 townhouses — with a total volume of $70 million from June 2 to June 8, according to Compass’ weekly report of contracts for homes asking at least $2 million. The previous week saw 29 contracts signed for $87 million. During the same week last year, the borough scored 19 luxury contracts for $71 million.
Little-known Sackler Heir Buys $11M Brooklyn Townhouse

3 weeks ago | therealdeal.com | Jake Indursky

An under-the-radar heir to one of America’s wealthiest — and most controversial — families has picked up a property in Brooklyn Heights. The previously anonymous buyer of the $11 million townhouse at 17 Willow Place is Julia Shack Sackler, according to a person familiar with the deal.
“Point of concern”: NYC’s new dev market notches lackluster May

3 weeks ago | therealdeal.com | Jake Indursky

New York City’s new development market had some headline-catching deals this spring, but ultimately came up short in May. Last month saw 196 new development contracts, down from 237 reported in the same time last year, according to Marketproof’s monthly report. The drop in contracts was driven by contracts for homes asking under $4 million reaching a 17-month low.
Townhouses old and new top strong week for Brooklyn luxury deals

3 weeks ago | therealdeal.com | Jake Indursky

A restored Park Slope townhouse topped a busy week for the Brooklyn luxury market. The home, asking $8 million, was one of 29 contracts signed for homes asking at least $2 million from May 27 to June 1, according to Compass’ weekly report. The total contract volume was $87 million, up from $74 million last week. During the same week last year, there were 14 contracts signed for $45.5 million. The townhouse at 600 2nd Street spans 4,500 square feet and has six bedrooms and four full bathrooms.