Recorded Sales

Recorded in ACRIS, the city database. In other words, closed sales, not pending contracts.

Thank you so much. Very much.

Can you clarify what it includes?
dies this includes closing costs and some other costs, ie is it really what the buyer pay or is cost + closing +-discount?

If the buyer pays the NYS/NYC transfer taxes, then those are included. If the seller pays them, they're not. Note how sales in new developments, where buyer typically pays, are odd amounts, while resales tend to be in thousands or hundreds.

Closing costs are otherwise not included.

Look at the detailed Deed info. For the past several years you need to include a page with the actually contract price, contract date, etc.

I still don't understand how this works with a sponsor. A friend of mine bought an apt from a sponsor and paid x amount. Acris has a higher amount. Did the sponsor sell the unit and cover transfer taxes? Is the number in Acris the one to use for comps or what the buyer actually paid?

as someone mentioned above, that is a case where the buyer paid the sponsors city and state transfer taxes and it was added to the purchase price. therefore, it will be like 1.875% (is that the right total) of the purchase price I believe more

Buyer paid 580K and I know this for a fact. That was the total amount paid but Acris had the sale around 620K. The buyer did not cover the extra 8%. I saw 3 other sales from the sponsor in this building and they were all listed by about 8% more in Acris than what the buyer actually paid.

See, e.g., http://www.titlesofnewyork.com/articles/taxes.pdf

Don't know how $580K got as high as $620K, but buyers may tend to understate ("Look at the deal I got!")

StreetEasy had the sale at 580K. So if the buyer pays the city state and transfer tax, it is not included in the sale price but the final price in Acris?

StreetEasy reports the ACRIS amount. It can't look at each transaction, break out the taxes, and come up with another number. So, the StreetEasy "Sale recorded for $580,000" should correspond with an ACRIS "Doc amount" of $580,000. If not, then something screwy happened.

I guess you can't give us an address, but that'd clear it up.

if its a condo, check the deed..it should have purchase price on it..not sure what other amount is from? maybe buyer bought furniture or did a higher purchase price with a renovation concession by seller? Ive seen it all. Ive seen purchase price rise by 100s of thousands, get recorded, and the amount over was a renovation concession