Local Development Corporation Property Transactions Over Eight Fiscal Years

Data.ny.gov provides real property transaction reports from Industrial Development Agencies as mandated by New York State Public Authorities Law. The dataset covers eight fiscal years, including the most recently completed calendar year. Authorities must report transactions with an estimated fair market value exceeding $15,000.

Use Cases

• Analyze trends in Purchase Sale Price and Lease Rate by Fiscal Year End Date across different Authority Names.
• Identify geographic patterns in property transactions using Property Postal Code, Property City, and Property State fields.
• Assess procurement practices by filtering Transaction Competitively Bid and Reason for Not Competitively Bid columns.
• Profile transaction participants via Seller/Purchaser/Tenant Organization, Last Name, and First Name columns.
• Compare Estimated Fair Market Value against final Market Rate or Purchase Sale Price for specific Transaction Types.

Strengths

• Covers eight consecutive fiscal years of reported data.
• Includes detailed transaction metadata such as Lease Period, Property Description, and Fair Market Description.
• Contains structured fields for both property and participant addresses and postal codes.

Limitations

• Sample size is unknown, limiting assessment of statistical significance.
• Data completeness depends on compliance from numerous individual authorities, potentially causing gaps.

Provenance

Source

data.ny.gov, from reports submitted by Industrial Development Agencies to the New York State Authorities Budget Office.

Collection Method

Mandatory annual reporting under Section 2800 of the New York Public Authorities Law.

Time Range

Eight fiscal years, ending in the most recently completed calendar year.

Freshness

Updated to include the most recently completed calendar year.

Geography

New York State, as indicated by the reporting requirement and data.ny.gov source.