Jake Indursky

Brooklyn, New York

Reporter at The Real Deal

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Articles

Southampton Home Sells for $23 Million

6 days ago | therealdeal.com | Jake Indursky

An ultra-modern Southampton home has found a buyer after years on the market. The 11,000-square-foot manse at 951 Flying Point Road closed for $22.5 million, according to Bespoke president and co-founder Cody Vichinsky, who had the listing. The home, which sits on nearly three acres of land, had a last asking price of $30 million and had been on and off the market since construction was completed in 2019.
“It’s too fake, too often”: Steinberg, Srugo go head-to-head on reality TV

6 days ago | therealdeal.com | Jake Indursky

Compass’ Leonard Steinberg has a lot of thoughts about real estate reality television. Douglas Elliman’s Eleonora Srugo takes issue with most of them — including his comments about her footwear of choice on the first episode of her show, “Selling the City.”“They’re not stripper heels, they’re like $1,500 heels,” the agent said, correcting the record on stage at The Real Deal’s NYC forum (indeed, the pink platforms she had on at the forum were Valentino).
Investor sues Redfin over disclosures for $1.75B sale to Rocket

1 week ago | therealdeal.com | Jake Indursky

A Redfin investor wants the company to show its work. An investor identified as Bruce Miller filed a lawsuit against the firm and its board of directors, including CEO Glenn Kelman, alleging that they misled investors prior to a June 4 shareholder vote on a proposed $1.75 billion sale to Rocket Companies.
Wall Street hotel owes half a million in common charges, condo board alleges

1 week ago | therealdeal.com | Jake Indursky

The condo members at 75 Wall Street aren’t pleased with their new downstairs neighbors. The residential condo board at the Financial District luxury property, which sits atop the Hyatt Centric Wall Street Hotel, filed a lawsuit alleging that the hotel owes almost $490,000 in common charges and utility charges.
Retail exec’s Dumbo waterfront condo tops slow week for Brooklyn luxury

1 week ago | therealdeal.com | Jake Indursky

Even after sponsor sales have long dried up, condos at 1 John Street continue to top the Brooklyn market. The borough’s priciest contract from April 28 to May 4 went to Unit 6B in the 12-story waterfront building, according to Compass’ weekly report. It had a last asking price of $5.65 million, or nearly $2,300 per square foot.
StreetEasy to boot agents from specialty tools over private listings

1 week ago | therealdeal.com | Jake Indursky

StreetEasy has hurled the latest rock in the ongoing battle over private listings. The Zillow-owned listing platform will shut off agent access to widely-used programs like StreetEasy Experts, StreetEasy Concierge and Zillow Premier Agent for New York City agents found publicly-marketing listings to select groups of consumers.
The Real Deal Ranks Top Architects in New York City

1 week ago | therealdeal.com | Jake Indursky |Matthew Elo |Joseph Jungermann

For architects, 2024 was a tale in two parts. They spent the first half stuck in the mud as developers waited for housing policy clarity and the second half in a welcome return to form. “In the second half, we started getting some movement — some market-rate housing, office conversions into housing and different things like that — as people started to learn about these new abatements and new affordability programs,” Aufgang principal Ariel Aufgang said.
Brooklyn Luxury Market Scored $90M+ In Contracts To End April

2 weeks ago | therealdeal.com | Jake Indursky

The Brooklyn luxury market stayed strong last week amid a market downturn and broader economic uncertainty. The borough saw 28 contracts — 13 condos and 15 houses — between April 21 and April 27. The total contract volume was over $92 million on homes asking at least $2 million, according to Compass’ weekly contracts report. It was the second straight week the borough’s contracts topped $90 million. During the same week last year, the market saw 21 contracts signed for over $51 million.
Compass’ Lawsuit Against NWMLS Details Battle Over Private Listings

2 weeks ago | therealdeal.com | Jake Indursky

When Wile E. Coyote chases the Road Runner, he often gets tantalizingly close — only to run into a mountain painted to look like a tunnel. This was the dynamic Compass laid out in its April 25 lawsuit against Northwest Multiple Listing Service, which the brokerage accused of violating antitrust laws in its bid to stymie Compass’ competitive entry into the market.
Compass Sues Northwest Multiple Listing Service Over Private Listing Ban

2 weeks ago | therealdeal.com | Jake Indursky

Compass has taken its battle over private listings to the courts. The brokerage filed a lawsuit against Seattle-based Northwest Multiple Listing Service, accusing it of being a “monopolist” and engaging in “anticompetitive” conduct that has harmed “homeowners, Compass and Compass brokers in the Seattle area.”Compass alleged that NWMLS changed and ignored its own rules, which prohibited the brokerage from using office exclusives, a key prong of its marketing strategy.