StreetEasy recording of apartment sales

@jelj13

Great question! There are two parts to our sold data: Listings and Closings. Listings are marked as Sold by the individuals that posted the listing - This can either be an Agent/Broker or the Owner themselves. We don't actually 'take' the information from brokers' sites, they send us the data directly. Closings Records are only created when we have received the Official Closing Records from ACRIS. We've noticed that it takes an average of 6-8 weeks for ACRIS to fully record a closing.

For #16N and #15E, the Closing Records will be created once we receive the Official Documents from ACRIS - Timing is dependent on when the closings are fully recorded into the Department of Finance's database. As for #12G, it seems like the agent removed the listing from StreetEasy though it may still be in In Contract. We'll reach out to them for an update. In either of these three cases though, the listings will be marked as Sold if/when we receive an Official Closing Record for the property.

Hope that helps clear things up!

-Thanks!
StreetEasy Team

Why are the answers now FOLLOWING the questions in these posts? Very hard to figure out what's going on. This happened on several posts I reviewed today. It's very confusing.

12G is listed as "no longer available" after going into contract at 200 East End Ave. I contacted the broker and she said that was an error. The apartment closed at the end of March and the new people started renovating on April 1st.

It can take several weeks for the tax forms to be filed with the city and show up on ACRIS. The lender loses no time in filing the UCC1 for the share loan, though. You can get the new owner's name from that. Call her up and complain that her lawyer hasn't filed with the city fast enough for you.

E.g., your own RPTT/RETT had a document date of 9/19, a preparation date of 10/9, and wasn't recorded until 10/18.

www.urbandigs.com has 12G as pending. As NWT said, it will takes weeks to months for the sale to be publicly filed with ACRIS. First there is the delay in sharing the transfer with the city, then there is a delay in the city actually filing the sale. Thats when it will be public record and the sale price discovered. Until then, only the parties of the deal know.

We find the closing to ACRIS filing lag to be between 2 weeks and 3 months. This is the reason sales based charts/data should always be set to a 90-day delay --> otherwise, recent sales stats/data will simply be incomplete, waiting for actual sales that quarter or month to file in.

The point is that suddenly these apartments are being listed as "no longer available" even when the broker site indicates that they are in contract. A broker told me that Street Easy automatically does this when the apartment has no activity for a certain period of time after going to contract. Doesn't seem logical.

help, where is the "recorded sale" section that was listed under Resource?

Was another thread decrying streeteasy's removal of "recorded sale" deleted? Dear Streeteasy team - that was an invaluable resource - please put it back!