Acris rocks! It's free. Only downside is it's programmed in COBOL by NYC programmers.
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Response by ab_11218
almost 16 years ago
Posts: 2017
Member since: May 2009
if you love the 1995 internet, this is for you.
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Response by urbandigs
almost 16 years ago
Posts: 3629
Member since: Jan 2006
acris is definitely retro...if acris was modern, it would be nowtro...to do nowtro, back then would be innovative. to do retro now, would be retro. wait im lost
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Response by a_g
almost 16 years ago
Posts: 147
Member since: Jan 2009
If street easy is missing the recorded sale price for an apt (when checked with a paid account), would ACRIS still have it, or is there just no public record?
For example, Chelsea Enclave, has the recorded sale price besides the listing price for most sold apts, but there are many without a recorded sale price. What's the deal with those, can you find it on ACRIS?
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Response by nyc10023
almost 16 years ago
Posts: 7614
Member since: Nov 2008
easy, just search on acris by sponsor name
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Response by sidelinesitter
almost 16 years ago
Posts: 1596
Member since: Mar 2009
Question for our ACRIS gurus: what does it mean when a deed is filed with a $0 sale price and the box is checked for transfer between related parties or business partners? Do the developer and the related party get to hide the actual sale price because of the presumably non-arm's-length nature of the sale, or does it literally mean that the developer gave the property to the related party for nothing?
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Response by NWT
almost 16 years ago
Posts: 6643
Member since: Sep 2008
The actual amount will be in there somewhere. Because tax is collected on transfers, trying to hide won't work, and the city checks the contract of sale and closing statement. See http://www.nystax.gov/pdf/2009/property/tp584i_109.pdf.
Brenner is an EVP at Related, and might be a principal of the LLC. Even if it's a swap or some kind of compensation, you'd think NYC/NYS wouldn't pass up on a nickel, but who knows. Tax law makes my head hurt....
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Response by GwendyFtiz
almost 16 years ago
Posts: 1
Member since: Mar 2009
they probably did a distribution of the apartment through the ownership structure to avoid transfer tax - so in lieu of getting cash, the principal got an apartment - so there is no consideration as it is essentially a return of investment, etc.
Acris rocks! It's free. Only downside is it's programmed in COBOL by NYC programmers.
if you love the 1995 internet, this is for you.
acris is definitely retro...if acris was modern, it would be nowtro...to do nowtro, back then would be innovative. to do retro now, would be retro. wait im lost
If street easy is missing the recorded sale price for an apt (when checked with a paid account), would ACRIS still have it, or is there just no public record?
For example, Chelsea Enclave, has the recorded sale price besides the listing price for most sold apts, but there are many without a recorded sale price. What's the deal with those, can you find it on ACRIS?
easy, just search on acris by sponsor name
Question for our ACRIS gurus: what does it mean when a deed is filed with a $0 sale price and the box is checked for transfer between related parties or business partners? Do the developer and the related party get to hide the actual sale price because of the presumably non-arm's-length nature of the sale, or does it literally mean that the developer gave the property to the related party for nothing?
The actual amount will be in there somewhere. Because tax is collected on transfers, trying to hide won't work, and the city checks the contract of sale and closing statement. See http://www.nystax.gov/pdf/2009/property/tp584i_109.pdf.
NWT - thank you. In this case, taxes also show as $0. What do you make of this?
http://a836-acris.nyc.gov/Scripts/DocSearch.dll/ViewImage?Doc_ID=2010031700648001
Brenner is an EVP at Related, and might be a principal of the LLC. Even if it's a swap or some kind of compensation, you'd think NYC/NYS wouldn't pass up on a nickel, but who knows. Tax law makes my head hurt....
they probably did a distribution of the apartment through the ownership structure to avoid transfer tax - so in lieu of getting cash, the principal got an apartment - so there is no consideration as it is essentially a return of investment, etc.