PropertyShark chomps on real estate data

Real Estate Tech Profile: PropertyShark.com

Editor’s note: Tech Profile is a new Inman News feature that provides details about real estate technology companies.

Company name: PropertyShark.com

Company headquarters: New York City

Number of offices: 2

Web site: www.propertyshark.com

Company description: With more than 25 million properties in 20 major markets, PropertyShark.com provides real estate professionals and investors with data, tools and education on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, interactive maps, listings, foreclosures and pre-foreclosures, mailing lists, photos and more, available online. PropertyShark.com offers independent real estate firms, investors, and consumers information that is useful in evaluating real estate and making informed decisions. Basic membership is free, with paid subscriptions required to access some real estate information.

Launch date: 2003

Current number of employees: 45

Total funding to date: Self-funded, profitable, and growing.

Web visitor statistics: 4 million page views per month from real estate professionals and investors.

Who are your customers? Real estate investors and every type of real estate professional (residential brokers, commercial brokers, appraisers, developers, lenders, attorneys, architects, refits, property managers, insurers, title companies), and savvy home buyers.

Revenue model: Subscription model with a recently launched advertising model.

Profitable yet? When? Absolutely. From the beginning.

Geographic areas served: New York, New Jersey, Florida, California, Washington, Texas, Pennsylvania, Massachusetts, and D.C.

Expansion plans and timeline: The company will continue to get deeper data for every property in the regions it covers and will increase its reach nationally in the next two years.

What is unique about your business model? Deep data. PropertyShark has compiled a high volume of information available on commercial and residential properties. This goes beyond the last sale price and date to provide zoning, permits, violations, liens, air rights, nearby toxic sites, taxes, title history, recent sales comparables, layered maps, U.S. Census data, and owner’s name. The company seeks to provide every piece of information available from hundreds of sources about every property (whether listed or not).

What’s unique or interesting about your office? The company is based in hipster Brooklyn (Williamsburg) and surrounded by musicians and artists.

Unique office traditions and rituals: Because PropertyShark has an office in Cluj, Romania, the company has a tradition of most employees flying back and forth between the New York and Romanian office for several weeks at a time to break down the cross-Atlantic geographic barriers and work face to face.

Employees’ favorite nearby restaurant: Recently opened Urban Rustic is a new favorite of the office.

Company news:
MyDealBook gets boost from PropertyShark
PropertyShark reveals 411 on homeowners
Foreclosure auctions soar in Los Angeles in Q2
PropertyShark launches in San Francisco
PropertyShark.com partners with NYC real estate companies
‘Shark’ attacks home sale-price maps

Click here to view more Tech Profile articles.

Information provided by Brian Scully, partner and vice president of marketing, PropertyShark.com, and compiled by Lai Saetern, Inman News.

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