Very low turnover, or is ACRIS missing info?
Started by Aaron2
about 12 years ago
Posts: 1698
Member since: Mar 2012
Discussion about
I was looking for info on a building which SE has virtually nothing on, and was surprised that ACRIS only shows 2 relatively recent sales (*), though they have online records back to the 1970s. Building is 820 Fifth Ave, and there are only 12 units, so it's possible there has been very low turnover since it went co-op (any idea when?). Would there be a way to keep a sale out of ACRIS? (* Big money: Lily sold her place to Ken and moved downstairs to Ara's old apt).
it's a 12 unit bld, typically people move in and get carted out. it's no surprise that there aren't many sales.
Rarefied air, that. My computer system says it co-op'd in 1949. You might enjoy this piece from realestalker:
http://realestalker.blogspot.com/2009/05/peep-into-and-poke-around-820-fifth.html
ali r.
DG Neary Realty
Thanks! What a great article! So there clearly has been some turnover. I just wonder how they keep it out of the records? There are few other buildings like 820 that have no info in the 'official' sources (635 & 660 Park are others I'm researching).
ACRIS has co-op sales only from 2004. There's also a spreadsheet of 2003 sales on the Finance website.
820 had two sales in 2003: 8th floor in February for $15,000,000, and 4th floor in October for $18,000,000.
Thanks front_porch great new blog to read.
Very useful to know that co-op sales are only recorded post-2004. Agree with ab_11218 -- that crowd typically moves in and is carried out. No need to try to flip their current place if the market is rising. In the same apt since 1956. A rarity in NYC.
Aaron, if you haven't read the absolutely hilarious book on NY real estate, "The Sky's The Limit", by Steven Gaines, go do so. There's a section on 820 Fifth Avenue and the personages who have inhabited it.
http://thecityreview.com/ues/fifave/fif820.htm Here's some more color on 820.
Ali, when did the Dakota go co-op?
Happy Holidays!
Be careful -- realestalker is VERY addictive.
Dakota conversion was '61 I believe.
ali
Thanx, Ali. '61 was before 'Rosemary's Baby'.