A comp is a recorded sale of a similar nearby property — the evidence you use to value a building and justify an offer. In NYC, the comps are all in the public record.
Strong comps match on location, property type, size and timing. Crezly's sales data covers recorded commercial transactions with price, price-per-square-foot, date and property type, drawn from ACRIS deeds and enriched with PLUTO building characteristics so you can normalize on a per-foot basis.
Real estate is local, so comps are best read by submarket. Crezly tracks recorded activity and CRE debt across every NYC neighborhood — for example Midtown (262 tracked properties, ~$9.07B), the Upper East Side, Williamsburg & Greenpoint, and Flushing. Each neighborhood page shows the buildings, owners and recorded sales behind the market.
Once you have a set of recent, like-for-like sales, you can anchor a valuation and defend it. Pair comps with the owner's debt position — an owner facing a maturity may accept a number a healthy owner would not. The deed record confirms each comp's true sale price and date.
What is a sales comp?
A comparable sale — a recently recorded transaction of a similar property used to estimate the value of another.
How current are the sales records?
Sales feeds refresh daily from NYC Open Data, and ACRIS-derived records update continuously as new deeds are recorded.
How do I find comps for a specific block?
Search the address or BBL on the Crezly property map, or browse the relevant neighborhood page to see recorded sales nearby.