Closings glossary
BIN (Building Identification Number)
A seven-digit Department of Buildings number identifying one building. A single tax lot holding a main house and a rear structure carries a separate BIN for each of them.
What is a BIN number for a NYC building?
Quick Answer
The full definition
A seven-digit Department of Buildings number identifying one building. A single tax lot holding a main house and a rear structure carries a separate BIN for each of them.
Also called: Building Identification Number.
Where does bin (building identification number) come up in a New York City closing?
A Queens lot holds a storefront and a rear garage, and the open permit sits on the garage BIN, which is why the first search came back looking clean.
What else should you read before closing?
In the glossary
- BBL (Borough-Block-Lot)The tax lot identifier for a parcel of New York City real property, written as borough, block and lot. Nearly every City record system keys on it r...
- Open permitA DOB permit filed for work that was never signed off. Closing it usually means a licensed professional filing for inspection or formally withdrawi...
- Violation (cited against the premises)An agency record that a condition at a property does not comply with a code or rule. It attaches to the premises and follows the property through a...
- Certificate of Occupancy (C of O)The Department of Buildings document that fixes a building's legal use and occupancy. Lenders and title companies read it to confirm the property c...
- Municipal searchThe record search covering agency violations, municipal arrears and occupancy documents for a property. It runs alongside the land records search r...
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