The Real Deal New York

Rental brokers — get an edge on your competition with TRData’s TCO records

May 18, 2017 05:45PM

Rental brokers in New York City face stiff competition. They need to beat tens of thousands of licensed agents to find renters, developers and owners and close the deal. Having more information than your fellow broker, especially in the residential market, is often the difference between closing a deal and sitting in the dark.

The Real Deal has developed a proprietary system that tracks and discloses all the TCOs — temporary certificate of occupancy documents — issued in the city over the past month. The information is part of our vast NYC real estate database with information on more than 100,000 properties.

If you’re a residential rental broker, a building’s TCO should already be on your mind. When the TCO is issued for a residential rental building, it means the developer is ready to push marketing into high gear, because now tenants are legally allowed to move in. Having an eye on a project’s TCO is integral to being the first broker to get clients to see a building.

TRData’s Advanced Search allows you to see when the TCO is filed for buildings across an entire neighborhood or borough.

If you were a residential rental broker working in North Brooklyn, first you’d go to TRData’s Advanced Search. Select the “Properties” tab at the top.

Click on the “Neighborhood” button under the “Filter by Neighborhood” section. Choose “Brooklyn” from the tabs and check the box for “All Northern Brooklyn.” This selects several neighborhoods in North Brooklyn including Williamsburg, Greenpoint and Bushwick.

Under the field “Filter by Date,” choose “Filed TCO” from the drop down. In the date range, choose “11/18/2016” to “05/18/2017,” or the last six months.

Press the “Filter” button to see 13 properties that filed their TCO in North Brooklyn in the last six months.

Check out the results