NEW YORK, Aug. 3, 2006 (PRIMEZONE) -- PropertyShark.com, the premier real estate investment data site, announces that by end of day today it will have incorporated New York City co-op data into its award-winning website.
For the first time ever, NYC co-op sales prices going back to January 2004 will now be made public on the easy-to-search PropertyShark.com website. Prior to the recent legislation making co-op sales data public information, brokers, agents, appraisers, investors, and most importantly, homebuyers, had no way to compare sale prices of co-ops and determine a co-op's fair market value.
"No other site will be carrying this information immediately, and we have made the data accessible from the easy-to-use PropertyShark.com web interface. By end of day today we should have most of the data online, and going forward, we will automatically incorporate all available New York City co-op data into our site on a daily basis," explains Ryan Slack, chief executive officer, PropertyShark.com.
In addition to co-op sales prices and ownership information, PropertyShark.com provides brokers and homebuyers with other critical data important when evaluating co-ops, including school district information, neighborhood police reports, building photos, interactive maps, number of units in the building, year built, and much more, with room count and square footage information coming soon. With a wealth of co-op information now available at their fingertips, brokers and agents could also use PropertyShark.com to canvass co-op owners to list and sell their units.
"Until now, the Manhattan residential market has been both the largest and yet the most opaque housing market in the country. This will radically change the way people evaluate the co-op market, bringing transparency to what was a veiled marketplace," says Slack. "No longer will homebuyers and independent brokers have to rely on the top three brokerages for co-op comparables."
To see listings of recent co-op sales by neighborhood, go to: http://www.propertyshark.com/mason/Transfers/coops.html
With over 20 million properties in twelve major markets, PropertyShark.com enables real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices of real property and co-ops, property values and comparable sales, sophisticated maps, listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, directly from the web. Founded in 2003 and based in New York City, PropertyShark.com strives to level the playing field by providing independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com
The PropertyShark.com logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2779