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{{Infobox website
| logo =
| name = PropertyShark
| type = Subsidiary of Yardi Systems
| foundation = {{start date and age|2002}}
| location_city = [[New York City]]
| key_people = Matthew Haines, Founder
| num_employees =
| industry = Technology, Real Estate
| homepage = {{URL|https://www.propertyshark.com/}}
}}


PropertyShark is an online real estate [[database]] and property research tool, that provides building details, ownership information, comparable sales, and [[Foreclosure|foreclosure]] data to real estate professionals in [[New York City|New York]] and other major U.S. markets.<ref>{{cite news |last1=Davenport |first1=Emily |title=Step up your property info searches with these new features in PropertyShark.com |url=https://qns.com/2019/05/step-up-your-property-info-searches-with-these-new-features-in-propertyshark-com/ |access-date=8 January 2024 |publisher=QNS |date=May 23, 2019}}</ref><ref>{{cite news |last1=Fisher |first1=Adam |title=50 Best Websites 2009 |url=https://content.time.com/time/specials/packages/article/0,28804,1918031_1918016_1917944,00.html |access-date=8 January 2024 |publisher=Time Magazine |date=August 24, 2009}}</ref> Founded in 2022 and launched in January 2003 by Matthew Haines <ref>{{cite news |last1=Garrett |first1=Parker |title=10 Things You Didn't Know about Property Shark |url=https://moneyinc.com/10-things-you-didnt-know-about-property-shark/ |access-date=8 January 2024 |publisher=Money Inc. |date=April 8, 2020}}</ref><ref>{{cite news |title=Is This Brownstone A Lemon? |url=https://www.forbes.com/2006/01/11/property-shark-probes-cx_hc_0112property.html |access-date=8 January 2024 |publisher=Forbes |date=January 12, 2006}}</ref>, the real estate database and research website was acquired by Yardi Systems and integrated into its suite of software in 2010.<ref>{{cite news |last1=Taylor |first1=Candace |title=PropertyShark.com bought by California real estate software company |url=https://therealdeal.com/new-york/2010/03/31/propertyshark-com-bought-by-california-real-estate-investment-and-property-management-firm-yardi-systems/ |access-date=8 January 2024 |publisher=The Real Deal |date=March 31, 2010}}</ref>
PropertyShark is an online real estate [[database]] and property research tool, that provides building details, ownership information, comparable sales, and [[Foreclosure|foreclosure]] data to real estate professionals in [[New York City|New York]] and other major U.S. markets.<ref name="QNS2019">{{cite news |last1=Davenport |first1=Emily |title=Step up your property info searches with these new features in PropertyShark.com |url=https://qns.com/2019/05/step-up-your-property-info-searches-with-these-new-features-in-propertyshark-com/ |access-date=8 January 2024 |publisher=QNS |date=May 23, 2019}}</ref><ref>{{cite news |last1=Fisher |first1=Adam |title=50 Best Websites 2009 |url=https://content.time.com/time/specials/packages/article/0,28804,1918031_1918016_1917944,00.html |access-date=8 January 2024 |publisher=Time Magazine |date=August 24, 2009}}</ref> Launched in January 2003 by Matthew Haines <ref name="moneyinc10things">{{cite news |last1=Garrett |first1=Parker |title=10 Things You Didn't Know about Property Shark |url=https://moneyinc.com/10-things-you-didnt-know-about-property-shark/ |access-date=8 January 2024 |publisher=Money Inc. |date=April 8, 2020}}</ref><ref name="Forbes">{{cite news |title=Is This Brownstone A Lemon? |url=https://www.forbes.com/2006/01/11/property-shark-probes-cx_hc_0112property.html |access-date=8 January 2024 |publisher=Forbes |date=January 12, 2006}}</ref>, the real estate database and research website was acquired by Yardi Systems and integrated into its suite of software in 2010.<ref name="TRDSale">{{cite news |last1=Taylor |first1=Candace |title=PropertyShark.com bought by California real estate software company |url=https://therealdeal.com/new-york/2010/03/31/propertyshark-com-bought-by-california-real-estate-investment-and-property-management-firm-yardi-systems/ |access-date=8 January 2024 |publisher=The Real Deal |date=March 31, 2010}}</ref>
==History==


PropertyShark was founded in 2002 by [[real estate investor]] and software developer Matthew Haines, following his work on renovating a five-family brownstone in [[Harlem]].<ref name="NYTimesLocation2005">{{cite news |last1=Damon |first1=Darlin |title=Location, Location, Location. Research, Research. |url=https://www.nytimes.com/2005/11/05/technology/location-location-location-research-research.html |access-date=9 January 2024 |publisher=The New York Times |date=November 5, 2005}}</ref> He created PropertyShark to make real estate data more accessible and help potential homeowners become more comfortable in investing in the neighborhood.<ref name="NYTimesLocation2005">{{cite news |last1=Damon |first1=Darlin |title=Location, Location, Location. Research, Research. |url=https://www.nytimes.com/2005/11/05/technology/location-location-location-research-research.html |access-date=9 January 2024 |publisher=The New York Times |date=November 5, 2005}}</ref>


The initial website launched on [[New Year's Day]] in 2003 and was first named MatthewHaines.com, later changing to NYCpropertyresearch.com.<ref name="moneyinc10things">{{cite news |last1=Garrett |first1=Parker |title=10 Things You Didn't Know about Property Shark |url=https://moneyinc.com/10-things-you-didnt-know-about-property-shark/ |access-date=8 January 2024 |publisher=Money Inc. |date=April 8, 2020}}</ref> <ref name="NYTimes2003">{{cite news |last1=Hall |first1=Trish |title=Habitats/111 West 117th Street; Actors Buy Harlem Home In Need of Sweat Equity |url=https://www.nytimes.com/2003/06/01/realestate/habitats-111-west-117th-street-actors-buy-harlem-home-in-need-of-sweat-equity.html |access-date=9 January 2024 |publisher=The New York Times |date=June 1, 2003}}</ref>


In 2004, Haines was joined by his college friend, Ryan Slack who became co-owner and [[Chief executive officer|CEO]] of PropertyShark.<ref name="NYTimesHouses">{{cite news |last1=Pappu |first1=Sridharu |title=If Houses Could Talk |url=https://www.nytimes.com/2006/09/10/realestate/keymagazine/910shark.html |access-date=7 January 2024 |publisher=The New York Times |date=September 10, 2006}}</ref><ref name="Forbes">{{cite news |title=Is This Brownstone A Lemon? |url=https://www.forbes.com/2006/01/11/property-shark-probes-cx_hc_0112property.html |access-date=8 January 2024 |publisher=Forbes |date=January 12, 2006}}</ref>

By 2006 PropertyShark evolved to include 20 million properties in 16 markets across the U.S., including New York City.<ref name="NYTimesHouses">{{cite news |last1=Pappu |first1=Sridharu |title=If Houses Could Talk |url=https://www.nytimes.com/2006/09/10/realestate/keymagazine/910shark.html |access-date=7 January 2024 |publisher=The New York Times |date=September 10, 2006}}</ref>

In 2006, Bill Stanford joined as vice president of sales and became the CEO two years later. <ref name="TRDStaniford">{{cite news |last1=Lovinger |first1=Joe |title=Former PropertyShark CEO launches bid for Congress with falsehood |url=https://therealdeal.com/new-york/2022/02/01/former-propertyshark-ceo-launches-bid-for-congress-with-falsehood/ |access-date=7 January 2024 |publisher=The Real Deal |date=February 1, 2022}}</ref> Stanford exited PropertyShark in 2010 <ref name="TRDStaniford">{{cite news |last1=Lovinger |first1=Joe |title=Former PropertyShark CEO launches bid for Congress with falsehood |url=https://therealdeal.com/new-york/2022/02/01/former-propertyshark-ceo-launches-bid-for-congress-with-falsehood/ |access-date=7 January 2024 |publisher=The Real Deal |date=February 1, 2022}}</ref> when the firm was sold to Yardi Systems, a company specializing in real estate investment and [[Property management|property management software]].<ref name="Globestreet">{{cite news |last1=Howard |first1=Bob |title=Yardi Systems Acquires NYC-Based PropertyShark |url=https://www.globest.com/sites/globest/2010/04/01/yardi-systems-acquires-nyc-based-propertyshark/ |access-date=9 January 2024 |publisher=Globest.com |date=April 1, 2010}}</ref> Matthew Haines continued as vice president of the company.<ref name="TRD2018">{{cite news |last1=Bickell |first1=Nathan |title=WATCH: PropertyShark’s Matthew Haines on data competition, why the firm’s offices are located in Romania and more |url=https://therealdeal.com/new-york/2018/08/08/watch-propertysharks-matthew-haines-talks-data-competition-why-the-firms-offices-are-located-in-romania-and-more/ |access-date=7 January 2024 |publisher=The Real Deal |date=August 8, 2018}}</ref>

The acquisition by Yardi Systems aimed to expand PropertyShark’s database nationally.<ref name="TRDSale">{{cite news |last1=Taylor |first1=Candace |title=PropertyShark.com bought by California real estate software company |url=https://therealdeal.com/new-york/2010/03/31/propertyshark-com-bought-by-california-real-estate-investment-and-property-management-firm-yardi-systems/ |access-date=8 January 2024 |publisher=The Real Deal |date=March 31, 2010}}</ref> Since the acquisition, PropertyShark has developed several additional services for real estate professionals, aggregating data from numerous sources to provide comprehensive property information. For example, in 2019, the company launched Platinum Real Owners Behind LLC Owned Properties, which helps users identify the true owners behind [[Limited liability company|LLCs]].<ref name="QNS2019">{{cite news |last1=Davenport |first1=Emily |title=Step up your property info searches with these new features in PropertyShark.com |url=https://qns.com/2019/05/step-up-your-property-info-searches-with-these-new-features-in-propertyshark-com/ |access-date=8 January 2024 |publisher=QNS |date=May 23, 2019}}</ref>
== Business ==
PropertyShark focuses on providing [[commercial real estate |commercial real estate data]] including property details, ownership information, contact details, maps, recent sales prices, comparables, for-sale and for-lease listings, foreclosures and pre-foreclosures, and information on [[Zoning|zoning regulations]].<ref name="Globestreet">{{cite news |last1=Howard |first1=Bob |title=Yardi Systems Acquires NYC-Based PropertyShark |url=https://www.globest.com/sites/globest/2010/04/01/yardi-systems-acquires-nyc-based-propertyshark/ |access-date=9 January 2024 |publisher=Globest.com |date=April 1, 2010}}</ref> PropertyShark allows users to research residential or commercial properties with a free account<ref name="balance">{{cite news |last1=Eberlin |first1=Erin |title=7 Online Databases for Investment Properties for Sale |url=https://www.thebalancemoney.com/websites-for-investment-property-for-sale-2124875 |access-date=9 January 2024 |publisher=the balance |date=November 30, 2022}}</ref>, but most features require a paid subscription.<ref name="newsilver">{{cite web |title=Best Real Estate Comps Software |url=https://newsilver.com/the-lender/best-real-estate-comps-software/ |website=New Silver |access-date=9 January 2024 |date=May 9, 2023}}</ref>




Revision as of 16:46, 9 January 2024

PropertyShark
Type of site
Subsidiary of Yardi Systems
Founded2002; 22 years ago (2002)
Headquarters
New York City
Key peopleMatthew Haines, Founder
IndustryTechnology, Real Estate
URLwww.propertyshark.com

PropertyShark is an online real estate database and property research tool, that provides building details, ownership information, comparable sales, and foreclosure data to real estate professionals in New York and other major U.S. markets.[1][2] Launched in January 2003 by Matthew Haines [3][4], the real estate database and research website was acquired by Yardi Systems and integrated into its suite of software in 2010.[5]

History

PropertyShark was founded in 2002 by real estate investor and software developer Matthew Haines, following his work on renovating a five-family brownstone in Harlem.[6] He created PropertyShark to make real estate data more accessible and help potential homeowners become more comfortable in investing in the neighborhood.[6]

The initial website launched on New Year's Day in 2003 and was first named MatthewHaines.com, later changing to NYCpropertyresearch.com.[3] [7]

In 2004, Haines was joined by his college friend, Ryan Slack who became co-owner and CEO of PropertyShark.[8][4]

By 2006 PropertyShark evolved to include 20 million properties in 16 markets across the U.S., including New York City.[8]

In 2006, Bill Stanford joined as vice president of sales and became the CEO two years later. [9] Stanford exited PropertyShark in 2010 [9] when the firm was sold to Yardi Systems, a company specializing in real estate investment and property management software.[10] Matthew Haines continued as vice president of the company.[11]

The acquisition by Yardi Systems aimed to expand PropertyShark’s database nationally.[5] Since the acquisition, PropertyShark has developed several additional services for real estate professionals, aggregating data from numerous sources to provide comprehensive 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.[1]

Business

PropertyShark focuses on providing commercial real estate data including property details, ownership information, contact details, maps, recent sales prices, comparables, for-sale and for-lease listings, foreclosures and pre-foreclosures, and information on zoning regulations.[10] PropertyShark allows users to research residential or commercial properties with a free account[12], but most features require a paid subscription.[13]


References

  1. ^ a b Davenport, Emily (May 23, 2019). "Step up your property info searches with these new features in PropertyShark.com". QNS. Retrieved 8 January 2024.
  2. ^ Fisher, Adam (August 24, 2009). "50 Best Websites 2009". Time Magazine. Retrieved 8 January 2024.
  3. ^ a b Garrett, Parker (April 8, 2020). "10 Things You Didn't Know about Property Shark". Money Inc. Retrieved 8 January 2024.
  4. ^ a b "Is This Brownstone A Lemon?". Forbes. January 12, 2006. Retrieved 8 January 2024.
  5. ^ a b Taylor, Candace (March 31, 2010). "PropertyShark.com bought by California real estate software company". The Real Deal. Retrieved 8 January 2024.
  6. ^ a b Damon, Darlin (November 5, 2005). "Location, Location, Location. Research, Research". The New York Times. Retrieved 9 January 2024.
  7. ^ Hall, Trish (June 1, 2003). "Habitats/111 West 117th Street; Actors Buy Harlem Home In Need of Sweat Equity". The New York Times. Retrieved 9 January 2024.
  8. ^ a b Pappu, Sridharu (September 10, 2006). "If Houses Could Talk". The New York Times. Retrieved 7 January 2024.
  9. ^ a b Lovinger, Joe (February 1, 2022). "Former PropertyShark CEO launches bid for Congress with falsehood". The Real Deal. Retrieved 7 January 2024.
  10. ^ a b Howard, Bob (April 1, 2010). "Yardi Systems Acquires NYC-Based PropertyShark". Globest.com. Retrieved 9 January 2024.
  11. ^ Bickell, Nathan (August 8, 2018). "WATCH: PropertyShark's Matthew Haines on data competition, why the firm's offices are located in Romania and more". The Real Deal. Retrieved 7 January 2024.
  12. ^ Eberlin, Erin (November 30, 2022). "7 Online Databases for Investment Properties for Sale". the balance. Retrieved 9 January 2024.
  13. ^ "Best Real Estate Comps Software". New Silver. May 9, 2023. Retrieved 9 January 2024.
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