PropertyShark is an online real estate

database In computing, a database is an organized collection of data or a type of data store based on the use of a database management system (DBMS), the software that interacts with end users, applications, and the database itself to capture and a ...

and property research tool that provides building details, ownership information, comparable sales, and

foreclosure Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has Default (finance), stopped making payments to the lender by forcing the sale of the asset used as the Collateral (finance), coll ...

data to real estate professionals in

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

and other major U.S. markets. Launched in January 2003 by Matthew Haines, the real estate database and research website was acquired by

Yardi Systems Yardi Systems, Inc. is an investment, asset and property management software vendor for the real estate industry. It provides products such as property management platforms and software. History Yardi Systems was founded by IIT Delhi alumnus, ...

and integrated into its suite of software in 2010.

History

PropertyShark was founded by

real estate investor Real estate investing involves purchasing, owning, managing, renting, or selling real estate to generate profit or long-term wealth. A real estate investor or entrepreneur may participate actively or passively in real estate transactions. The pr ...

and software developer Matthew Haines following his work on renovating a five-family brownstone in

Harlem Harlem is a neighborhood in Upper Manhattan, New York City. It is bounded roughly by the Hudson River on the west; the Harlem River and 155th Street on the north; Fifth Avenue on the east; and Central Park North on the south. The greater ...

. The initial website launched on

New Year's Day In the Gregorian calendar, New Year's Day is the first day of the calendar year, January 1, 1 January. Most solar calendars, such as the Gregorian and Julian calendars, begin the year regularly at or near the December solstice, northern winter ...

in 2003 and was first named MatthewHaines.com and later changed to NYCpropertyresearch.com. Haines reportedly created PropertyShark to make real estate data more accessible and help potential homeowners become more comfortable in investing in the neighborhood. In 2004, Haines was joined by his college friend, Ryan Slack, who became co-owner and

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of PropertyShark. Under Ryan Slack, the real estate site reportedly explored more creative content, such as listing air rights available above buildings, photographs of every property in Manhattan, phone numbers of property owners, or thematic real estate maps. By 2006, PropertyShark evolved to include 20 million properties in 16 markets across the U.S., including New York City. In 2006, Bill Stanford joined as vice president of sales and became the CEO two years later. Stanford exited PropertyShark in 2010 when the firm was sold to Yardi Systems, a company specializing in real estate investment and property management software. Matthew Haines continued as vice president of the company. The acquisition by Yardi Systems aimed to expand PropertyShark's database nationally. Since the acquisition, PropertyShark has developed several additional services for real estate professionals, gathering data from various public and proprietary sources to provide property information. For example, in 2019, the company launched Platinum Real Owners Behind LLC Owned Properties, which helps users identify the true owners behind LLCs.

Business

PropertyShark focuses on providing residential and commercial real estate data, including property classifications, lot sizes, ownership information, contact details, maps, recent sales prices, comparables, for-sale and for-lease listings, foreclosures and pre-foreclosures, taxes and information on zoning regulations. PropertyShark allows users to research residential or commercial properties with a free account, but most features require a paid subscription.

References

{{reflist Real estate services companies of the United States Online real estate databases