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ACRIS Life Hack: Get a Full Property Record History When Lots Merge

November 23, 2017November 18, 2017 by RentCement

Property lots merge frequently. Knowing this history means access to important information related to the subducted properties. ACRIS (Automated City Registration Information System) has no mechanism to flag merged lots. Documents registered with ACRIS might give you some indication of a lot merger, but finding a hint here or there is no substitute for knowing the detailed history. Thankfully the DoITT NYC Map and the DOF’s (Department of Finance) historical Tax Maps are here to help. Let’s use the following narrative to find the property records for three lots that merged into one.

125 Greenwich Street aka 22 Thames Street and DOB Stop Work Orders

November 10, 2017November 10, 2017 by RentCement

A charming piece of prewar history gave its life for yet another monolithic glass residential box. Owner VS 125 LLC is making headway on its 72 story skyscraper, as construction has moved past the fourth floor and construction crews prepare work on the 5th floor. Only 67 stories to go!

1 Wall Street Conversion Well Underway

November 15, 2017November 10, 2017 by RentCement

Yet another massive commercial to residential conversion is underway in the Financial District, although the trend of conversions is nothing new. Perhaps the most remarkable of them all the Woolworth Building conversion, offering multi-million dollar condos carved out of marble (no affordable options).

The Financial District and the Search for Affordability

November 10, 2017November 9, 2017 by RentCement

45 Broad Street

Construction at this soon to be 1000+ foot supertall residential skyscraper is making progress clearing debris in preparation for foundation work. But there doesn’t seem to be much information regarding affordability. Owned by Madison 45 Broad LLC, New York City Department of Finance (DOF) records do not show any 421-a tax abatement for this property that would convey rent stabilized status, while ACRIS records do not indicate any affordability regulatory agreement with HPD. But I’m sure the views are spectacular!