PropertyShark.com, a real estate data company, announced today that it is incorporating all co-op data from the New York City Department of Finance’s online property records database, called ACRIS.
“For the first time, co-op sales prices will now be made public on the easy to search PropertyShark.com Web site,” according to the announcement. “Prior to the recent legislation making co-op sales data public information, brokers, agents, appraisers, investors, and most importantly, homebuyers, have had no way to compare sale prices of co-ops and determine a co-ops fair market value.”
Ryan Slack, CEO for PropertyShark.com, said in a Wednesday statement, “This will radically change the way people evaluate co-op transactions, bringing transparency to what was a veiled marketplace. No other site will be carrying this information immediately. Going forward, we will automatically incorporate all available New York City co-op data into our site on a daily basis,” Slack said.
PropertyShark.com also provides other real estate-related data, including school district information, neighborhood police reports, building photos, interactive maps, number of units, and year built. The company plans to add bedroom and bathroom information soon.
“ACRIS is primarily for title document examiners. It is extremely hard for the average person or broker to use. What could typically take days to extract from ACRIS can be done in minutes on PropertyShark.com,” Slack also stated.
Co-op listings are can be viewed at the following link: http://www.propertyshark.com/mason/Transfers/coops.html.
