Jake Indursky

1 week ago | therealdeal.com | Jake Indursky

When Miki Naftali announced his plans for the sprawling waterfront project dubbed Williamsburg Wharf, it was a pivot from the developer who had been making hay with quick-selling boutique developments dotting Uptown Manhattan. But similar to his pandemic-era bet on the supply-constrained Upper East Side, Naftali, who partnered with Access Industries on the project, appears to have struck another chord on the other side of the East River.

1 week ago | therealdeal.com | Jake Indursky

March saw a number of blockbuster new development deals amid dwindling inventory. In total, there were 302 contracts signed in New York City compared to 284 in the same month last year, according to Marketproof’s monthly report. “It was a nice little uptick,” said Marketproof CTO Ning Zhou of the month’s performance. It was the highest monthly contract total since October of last year, which reported 293 deals.

2 weeks ago | therealdeal.com | Jake Indursky

Zillow has turned up the heat on the private listing cold war. The listings aggregator announced a new policy that bans private listings from its platform as part of a standards rollout reinforcing the National Association of Realtors’ Clear Cooperation Policy.

2 weeks ago | therealdeal.com | Jake Indursky

President Donald Trump’s tariffs sent real estate stock prices on a rollercoaster. They tumbled last week amid concerns from all corners of the industry over sky-high pricing and added costs. Days later, a fake headline posted to social media platform X claiming a pause on tariffs sent stocks briefly soaring, only to tumble back down after the news was debunked.

2 weeks ago | therealdeal.com | Jake Indursky

The Agency’s Michael Biryla thought he and his seller were in the clear. The potential buyer had already completed an inspection and hammered out negotiations on the contract for the $3 million Upper East Side listing. Then came the call from the buyer agent: the deal was off. “Last night, I got a call from the broker, and they were like, ‘Yeah, we aren’t comfortable moving forward anymore,’” Biryla said.