Product 01 · Live
NYCDeedGraph
An LLC-to-owner graph for NYC commercial real estate.
DeedGraph resolves who actually controls a building and surfaces distress before it’s priced in. It’s our first product — live and in market.
We build verticalintelligenceon data that doesn’t exist yet.
A NEXAR LABS PROJECT · PRODUCT 01
DeedGraphNYC commercial real estate intelligence.Before it's priced in.
§ 02·Method·Belief(i)/ 7
method first, product second
Seven beliefs that govern how we build.
We believe the useful signal is already public. Most information advantage in private markets comes from joining datasets that exist and nobody bothered to link. The gap is not access. It is willingness to do the work.
(ii)Citation is the product
Incumbents can't showtheir work.
The moat is the methodology, not the data. We use the same public records everyone else can access. The defensible part is how we join them, what we infer, and how early we surface the result.
Vertical depth beats horizontal coverage. We are not building a general intelligence layer. We are going deep in one market, proving the model, then moving. DeedGraph is a proof of concept for a way of working, not just a product.
Distress is a lagging label. We track leading indicators. By the time a property shows up in a distress list, the trade is gone. The forward signals are public and knowable months early. We track those.
Margin is a function of architecture. Build on public infrastructure rather than resold data panels, and the unit economics that result are a design output, not a sales claim. Everything downstream of that is a choice.
We build products, we don't take client work. We do not build to spec for others. We build products we own and operate, price them at a premium, and move on when the hypothesis is proven.
A note on who we work with.
Nexar Labs is a product company. We build and operate our own products — DeedGraph, the public-records substrate underneath it, and the vertical intelligence products it forks into next. That is not a services pipeline. We are not currently taking on build-for-hire engagements, and we are unlikely to be in a position to next quarter either.
What follows is not a qualifier list. It is the three reasons we open the inbox in the morning.
- Reason i. You hold a proprietary dataset that complements public-records coverage — rent rolls, servicer tapes, title history, lease abstracts — and you want to talk about structured exchange rather than a license. We will trade methodology for methodology.
- Reason ii. You study NYC housing markets, financial contagion, or municipal-data infrastructure as an academic, and you want access to the joined record in exchange for rigorous critique. Drafts go out before they go public. Co-authorship is on the table.
- Reason iii. You operate a commercial portfolio north of $200M and want pilot access on terms that will not survive scale. Two weeks, real data, your portfolio. We measure whether it changes how an underwriter, broker, or owner-rep does a single decision differently. If it doesn't, we say so.
If none of those is you — and we mean this generously — we are probably not the right correspondent right now. Our address is below. Replies are read and answered by a person, not a pipeline. Forty-eight hours on weekdays. If we miss you, resend with “bump” in the subject.
Nexar Labs