This document provides an overview of backgrounding NYC properties using the internet for investment purposes. It discusses investment goals such as capital appreciation and income production. Universal considerations for property investment like location, taxes, and financing are reviewed. NYC-specific factors including rent control, rent stabilization, zoning, and outstanding building violations are also examined. The document recommends an initial general internet search strategy and provides a list of nine free and one paid website that can be used to research property details, comparables, neighborhood characteristics, and obtain photos of the property.

1. BACKGROUNDING NYC PROPERTIES
Using the Internet
A Rent Stabilization Board Presentation
Presented by:
Adam Leitman Bailey, Esq. Adam Leitman Bailey, PC
Colin E. Kaufman, Esq. Adam Leitman Bailey, PC
Ms. Meredith Fine BP Vance Realty

2. Investment Goals
• Capital Appreciation
– Short Term
• Hold and Flip
• Option, Close and Transfer
– Long Term
• Hold, Operate and Sell
• Renovate and Sell
• KD
• Income Production
– Rent roll
– Commercial v. Residential v. Mixed Use

3. UNIVERSAL CONSIDERATIONS
• Location, Location, Location
• Taxes
• Financing
• Market Movement Risk
• Renovation and Maintenance Costs
• Income Stream

4. NYC Specific Considerations
• Rent Control
• Rent Stabilization
• Other Governmental Regulation
– e.g. landmarking, condemnation
• Permitted Uses
– Zoning, C of O
• Past and Outstanding Violations

5. Internet Backgrounding
• Search Strategy
– General, then specific
• Always do a general search for the building
– Not just Google
» http://www.google.com/
» http://mysearch.yahoo.com/
» http://dogpile.com/
» http://www.exalead.com/
» http://clusty.com/
» http://a9.com/
» http://www.highbeam.com/

6. NINE FREE WEBSITES EVERY
PROPERTYMAVEN SHOULD KNOW
• Property Information – General
1. http://www.propertyshark.com/
2. http://a836-acris.nyc.gov/
3. http://a810-bisweb.nyc.gov/bisweb/bsqpm01.jsp
4. http://167.153.4.71/hpdonline/provide_address.aspx
5. http://webapps.nyc.gov:8084/CICS/fin1/find001I

7. COMPARABLES
6. http://www.zillow.com/
7. http://www.homepricerecords.com/

8. WHAT’S THE NEIGHBORHOOD LIKE?
8. http://gis.nyc.gov/ops/mmr/address.jsp?app=MMR
9. http://infoshare.org/

9. AND ONE THAT COSTS MONEY
BUT IS WORTH IT
10.http://www.rebny.com/ ($280-$900 p/a)

10. PICTURES OF THE PROPERTY
– http://maps.a9.com/ (street level)
– Frequently on
http://www.propertyshark.com/mason/Accounts/logon.html
(street level)
– http://local.live.com/ (aerial)
– Zillow.com (aerial)
– http://maps.google.com/ (satellite)
– http://terraserver.microsoft.com/ (satellite – often old)
– http://nmviewogc.cr.usgs.gov/viewer.htm (satellite)
– Google Earth – a download from http://earth.google.com/
(tilt & pan aerial)

11. Let’s Check
• Rent Stabilization Association of NYC, Inc.
123 William Street New York, NY 10038-3804
Tel: (212) 214-9200 Fax: (212) 732-0618

12. Always get the Corporate Form
• http://appsext5.dos.state.ny.us/corp_public/c
orpsearch.entity_search_entry

13. GENERAL SEARCH