New ACRIS will include co-op unit searches, more data

Records database, on hold til Monday, will have new data

TRD New York /
May.May 17, 2013 03:00 PM

ACRIS is getting a makeover. The New York City Department of Finance is updating the Automated City Register Information System, which tracks public real estate records filed throughout the city — including deeds, mortgages and liens — with new functions and additional data.

The maintenance work for the update, which has shut down ACRIS, began yesterday afternoon and will continue until Monday morning.

The new version’s enhancement include, most notably, a document search exclusively for co-op units, a search that will distinguish if a mortgage is being recorded as a refinancing or not, and a document search by date range across all boroughs, according to the department’s website.

Starting in July, real estate professionals will be able to submit property documents electronically.

Jonathan Miller, president of appraisal firm Miller Samuel, echoed the sentiments of many ACRIS users by noting the database’s functionality and accuracy — but surmised there was still room for improvement.

“I certainly would love to have a friendlier user interface,” Miller said. “I don’t think anybody looking at it would argue with me.”

A bigger problem with ACRIS, he continued, is its “consistency of information” in terms of late postings for co-op data, for example.

Representatives for the DOF were not immediately available for comment.


Related Articles

arrow_forward_ios
(Credit: iStock)

The city’s rental growth is slowing

The number of closed sales fell by more than 14 percent year over year in the third quarter (Credit: iStock)

Low mortgage rates are killing Manhattan’s all-cash buyer

This Greenwich Village townhouse just sold at auction for $15M

This Greenwich Village townhouse just sold at auction for $15M

The Amazon effect hasn’t touched the Queens rental market yet: Elliman report

The Amazon effect hasn’t touched the Queens rental market yet: Elliman report

CityPoint in Brooklyn

A broken record? Concessions again reach new highs in Brooklyn, Queens

43-25 Hunter Street in Long Island City

Rental concessions still sky high in Brooklyn and Queens

Concessions hit record highs once again in Brooklyn and Queens

Concessions hit record highs once again in Brooklyn and Queens

Concessions at BK rental apartments hit record seven-year high

Concessions at BK rental apartments hit record seven-year high

arrow_forward_ios