Skip Navigation

sale closing price

Started by bb10024
about 15 years ago
Posts: 164
Member since: Dec 2008
Discussion about
how long after the closing date is typical for it to be posted on streeteasy? thanks
Response by West81st
about 15 years ago
Posts: 5564
Member since: Jan 2008

I think the median is two or three weeks. Some tax filings are done within a few days. Others are delayed by months, for no good reason.

Ignored comment. Unhide
Response by ph41
about 15 years ago
Posts: 3390
Member since: Feb 2008

I have been looking for the closing data (on SE and ACRIS) for a unit that I know closed mid-december- and it still has not been posted.

Ignored comment. Unhide
Response by Isle_of_Lucy
about 15 years ago
Posts: 342
Member since: Apr 2011

We closed on a Thursday, SE posting appeared the following Monday. ACRIS took 2 weeks.

Ignored comment. Unhide
Response by West81st
about 15 years ago
Posts: 5564
Member since: Jan 2008

Isle_of_Lucy: Did SE show a closing price that Monday, or just the status change from "In Contract" to "Sold and Closed"? It seems strange for SE to show a closing price a week and a half before ACRIS.

Ignored comment. Unhide
Response by Isle_of_Lucy
about 15 years ago
Posts: 342
Member since: Apr 2011

W81, good question, and I should have elaborated.

On Monday, status was changed from "In Contract" to "Sold". Closing price posted later in the week, maybe an additional 3-4 days.

Closing price differential between SE & ACRIS was maybe a couple of days at most.

In any event, to answer OP's question, the whole package was online within two weeks, max.

Ignored comment. Unhide
Response by bramstar
about 15 years ago
Posts: 1909
Member since: May 2008

>>I have been looking for the closing data (on SE and ACRIS) for a unit that I know closed mid-december- and it still has not been posted.<<

If the sale was all-cash, closing cost info may not be searchable.

Ignored comment. Unhide
Response by ph41
about 15 years ago
Posts: 3390
Member since: Feb 2008

bram - the closing was not all cash. In fact, the bank doing the mortgage showed up in ACRIS, which confirmed my closing info from a board member

Ignored comment. Unhide
Response by urbandigs
about 15 years ago
Posts: 3629
Member since: Jan 2006

care to share the unit? Ill check ACRIS on my system? I see it all on Urbandigs.com and the acris lag varies. I would say:

50% are filed within first 2 weeks
35% are filed within first 4 weeks
10% are filed within first 8 weeks
5% are lost and filed whenever - could be months or even years later

Let me show you...Lets look at all ACRIS filings as of Friday, July 1st.

1 from 2001 - yes, 2001 - 55 EEA, unit 12D (http://streeteasy.com/nyc/closing/1950994)
1 from NOV 2010 - 325 Pleasant Avenue, unit 5B (http://streeteasy.com/nyc/closing/1950969)
1 from JAN 2011 - 30 E 37th St, Unit 4H
1 from MAR 2011 - $10 transfer at 157 E 32, lets skip
2 from APR 2011 - 1438 3rd Ave, 8B / 133 W 22, 10E
9 from MAY 2011 - wont list, you get idea
46 from JUN 2011 - earliest one filed was 333 Rector Place, unit 1206, sold on June 24th, so 8 days prior

get the idea?? Now consider how quarterly reports are lagging as tons of Q2 sales continue to roll in and get filed AFTER the published market reports.

Ignored comment. Unhide
Response by lo888
about 15 years ago
Posts: 566
Member since: Jul 2008

I was told they have up to a year to record the sale. We were looking for one also.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. 5 Comments
  2. 37 Comments