WATCH: The Real Deal discusses why brokers are up in arms over StreetEasy’s newest feature

On Monday, The Real Deal broke the news that StreetEasy’s latest initiative will connect prospective homebuyers with agents who buy advertising on the platform’s listing pages — and brokers aren’t happy about it. To watch TRD’s managing web editor Hiten Samtani discuss the story with senior national reporter Katherine Clarke click here.

The biggest price cuts on luxury pads this week

Something old, something new. Something borrowed, something … price-reduced? A townhouse in Lenox Hill belonging to wedding dress designer Demetrios James Elias had its asking price shaved by 22 percent, dropping from $24.9 million to $19.5 million. It was one of five townhouses that had their price dropped by more than 5 percent in the…

Most popular stories on The Real Deal

Current reader favorites: 1. Brokerages blast StreetEasy’s new “premier agent” feature 2. Suddenly less liquid, Chinese buyers shift strategies in NYC 3. Here’s what the $10M-$20M NYC investment sales market looked like last week 4. Paydirt: WeWork hits puberty, StreetEasy becomes the enemy … & more 5. Jeff Sutton raises $233M on Tel Aviv bond…

Hamptons Cheat Sheet: Jazzy digs hits the market for $5M, County comptroller looks for Airbnb tax … & more

A $5.24M listing you can be jazzed for Scat a little tune for this one. The Sag Harbor residence that once housed jazz musician Richard “Dick” Hyman recently hit the market for $5.24 million, according to the New York Post. The bayfront home has three bedrooms and 3.5 bathrooms. It features a sun room, library,…

Celebrity chef Marcus Samuelsson’s plan for supper club in Overtown heads to vote

920 Northwest Second Avenue. Inset: Marcus Samuelsson (Credit: Getty Images) Celebrity chef Marcus Samuelsson would buy a city-owned property for $1.5 million in Miami’s historic African American neighborhood and convert it into a supper club, under a proposed development agreement with the Overtown/Park West Community Redevelopment Agency. Samuelsson would also get $1.5 million grant to…

Housing nonprofits form trust to compete with investors

A new housing organization is trying to pool thousands of affordable apartments owned by nonprofits into a single trust, in a bid to make them more competitive with for-profit landlords. The organization, called Joint Ownership Entity or JOE NYC, plans to launch in the coming months. Nonprofits can contribute their properties to the trust and…

Toll Brothers plays defense as NYC’s luxury market falters

With New York City’s luxury market going sideways, national homebuilder Toll Brothers is playing an increasingly aggressive game of defense. The company — which slashed prices last year at 400 Park Avenue South and 1110 Park Avenue — is reducing its equity stake in new projects through joint-venture partnerships and offering to pay transfer and…

Home sales still falling in Miami-Dade, Broward and rising in Palm Beach: Realtors reports

Aerial view of Fort Lauderdale (Credit: Getty Images) Miami-Dade and Broward counties continued to see declines in residential sale volume and increases in prices in January, according to the latest Miami and Greater Fort Lauderdale associations of Realtors reports. In Palm Beach, meanwhile, more condos, townhouses and houses sold this January than the last. And across South…

Thor lists Allen House and 840 West End for a combined $90M

Joseph Sitt’s Thor Equities is looking to sell two properties it bought during a push into the multifamily space in 2014. The company has formally listed a 39-unit rental building at 840 West End Avenue and the residential component of another property at 201 East 71st Street, sources told The Real Deal. The asking prices…