Industry News

PropertyShark.com incorporates N.Y. co-op data

Consumers can view co-op sales prices online

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PropertyShark.com, a real estate data company, announced today that it is incorporating all co-op data from the New York City Department of Finance's online property records database, called ACRIS. "For the first time, co-op sales prices will now be made public on the easy to search PropertyShark.com Web site," according to the announcement. "Prior to the recent legislation making co-op sales data public information, brokers, agents, appraisers, investors, and most importantly, homebuyers, have had no way to compare sale prices of co-ops and determine a co-ops fair market value." Ryan Slack, CEO for PropertyShark.com, said in a Wednesday statement, "This will radically change the way people evaluate co-op transactions, bringing transparency to what was a veiled marketplace. No other site will be carrying this information immediately. Going forward, we will automatically incorporate all available New York City co-op data into our site on a daily basis," Slack said. PropertyShark.com a...