developer lists false sale price

definitely common. i was negotiating a place and they told me they'll give cash back at closing and add that to the price with the same reasoning, (helps protect the value of the apartment).

nothing new. the broker can then point to the apartment 3 floors lower and say 'hey that sold for $1M and you're on a higher floor. gime $1.2M and you have a deal.'

acris and the like should be recording the NET sales price, not the bogus one. now that they are adding the other taxes to the sales price, they are only inflating them more.

NYS/NYC collect tax on the larger amount, so wouldn't want to know about the actual lower price.