sales prices of sold coops
Started by ANDYOH
over 15 years ago
Posts: 23
Member since: Nov 2009
Discussion about
why are some sold apts not showing the actual sales price? shouldn't all sales be fully disclosed in streateasy? perry
There is a lag time between closed sales and posting of price in ACRIS which is the data feed used by Streeteasy to fill in the information in the table of building sales on this site. If this does not answer your questions, could you post and example so we know what you are referring to?
i notice the same.. it seems not a lag issue but a co-op issue..
ie ive had no problem pulling up condo sales price at propertyshark.. when i try to do the same for coop nada..KNOWING specific units sold this past summer and early last year...
theyll only show sale for the actual coop building since the units themselves are mere shares, not actual property.. and you can see building sales, re tax, etc.. but unfortunately not on a unit level..
SE puts work into mapping ACRIS's co-op transactions with listings and apartment numbers. PropertyShark, not being NY-specific, doesn't.
It is a lag issue. Neither SE nor anybody else can report transactions until the parties file them with the city and ACRIS feeds them.
my sale was posted approx 1 1/2 year later. why, i have no idea. with some transactions (5-10% i'd guess) the recording in ACRIS takes a lot longer.
NWT thanks for clearing up.. curious does SE also post recorded sales for NJ co-op's on a unit level...or is it only on building?? ty
..to be exact, what I mean is that in NYC co-ops I can see the link 'subscribe' to get a co-op's recorded sale amount, which is fine..
with this particular NJ co-op there are NO links under 'subscribe,' for any sold co-ops in that particular building.. they don't show up in propertyshark as well (only on building level, not unit)..
i understand SE is geared toward NYC first which is fine, but it seems its case by case in NJ?
I hadn't even known SE did NJ sales. No idea where/how SE gets its NJ data. Just as a guess, in NJ there're lots of data sources that aren't standardized, whereas NYC has only one. The particular NJ county might have its own online data, but it's hit-or-miss over there.