NYC Taxi Medallion Predatory Lending

New York Times · 2020 finalist

Rubric

NYT: NYC Taxi Medallion Predatory Lending

Dataset given to agent: NYC Taxi & Limousine Commission medallion transaction records:

  • PDF transfer records (36 monthly files, 2012–2014): Each PDF lists individual medallion transfers organized by medallion classification type (Independent Accessible/Alternative Fuel/Unrestricted, Corporate Accessible/Alternative Fuel/Unrestricted), split into Asset Sales vs. Stock Transfers, with transaction prices and notes (e.g., "Individual to LLC", "Estate", "2 Medallions").
  • Excel price list files (48 monthly files, 2015–2018): Each .xlsx contains a table of medallion prices by classification type and transaction type (Asset Sales, Stock Transfers) with prices and notes.

Note: This dataset covers 2012–2018, capturing the peak and crash of the medallion bubble. It does not include bankruptcy records, loan terms, borrower financials, or multi-city data. The PDFs require text extraction; the Excel files are structured and directly parseable.

Lead A: Classic asset bubble and crash visible in monthly transaction prices

Tracking median/mean transaction prices by month and medallion type should show a dramatic run-up and collapse.

  • Medallion values peaked above $1 million (pre-2014) and crashed — the dataset should show high six-figure to seven-figure prices in 2012–2013, followed by steep declines through 2018
  • Between 2002 and 2014, prices rose from $200,000 to more than $1 million
  • By the late dataset period (2017–2018), prices had fallen dramatically from peak levels

Lead B: Transaction volume patterns and market drying up

Counting transactions per month should reveal a liquid market during the bubble that seized up during the crash.

  • About 4,000 drivers bought medallions during the bubble period (2002–2014)

Annotated Tipsheet

Tipsheet: The Collapse of New York City Taxi Medallion Values, 2012-2018

Source Material

  • What was analyzed: 82 files from NYC Taxi & Limousine Commission (TLC) covering monthly medallion transfers from January 2012 through December 2018
    • 36 PDF files (2012-2014): monthly medallion transfer charts
    • 46 Excel files (2015-2018): monthly medallion price/sales lists
  • Total transaction rows extracted: 1,805 (1,235 with prices > $0; 570 zero-dollar transfers)
  • Analysis date: March 2026
  • Coverage notes: All 82 source files were parsed. PDFs were extracted using pdfplumber; Excel files using openpyxl. Two slightly different tabular formats were handled across the time period. Data does not identify buyers, sellers, or medallion numbers — only prices, medallion classification, transaction type, and brief notes.

Summary of Findings

This dataset captures one of the most dramatic asset collapses in modern American urban history: NYC taxi medallions fell from a peak median price of $1,000,000 in mid-2013/mid-2014 to approximately $200,000 by mid-2018 — a roughly 80% decline. The data shows this wasn't just a price correction: by 2018, 78% of all priced transactions were foreclosures or bankruptcies, up from 0% in 2012-2013. The most striking signal is the emergence of massive batch liquidations in late 2018, with 65 medallions sold at the identical price of $340,000 in a single month (November 2018, all from bankruptcy) — suggesting the collapse of large fleet operators or lender-driven liquidation events that could be traced to specific entities.


Leads

Lead 1: Who Owned the 65 Medallions Liquidated at $340K in November 2018?

Signal strength: Strong

Evidence: In November 2018, 65 medallions were sold at exactly $340,000 each. 64 of the 65 were marked "Bankruptcy," one was "Foreclosure." This is by far the largest batch of identical-price sales in the entire dataset. Similarly, in January 2018, 23 medallions sold at exactly $372,000 each, all marked "Bankruptcy." Other notable batches include 10 medallions at $343,750 in October 2018 (all foreclosure) and 6 at $1,265,927.35 in September 2018 (stock transfers with oddly precise pricing suggesting court-ordered valuations).

Baseline: Typical months in 2012-2014 saw 15-30 total transactions across all types. A batch of 65 identical-price sales in a single month is unprecedented in this dataset.

Potential significance: These batch sales almost certainly represent the liquidation of large medallion portfolios held by fleet operators or lending institutions. The uniform pricing suggests court-ordered or negotiated bulk dispositions. The entities behind these sales — and the lenders who financed them — are identifiable through TLC records and bankruptcy court filings. These could connect to the well-documented medallion lending crisis, where lenders like Signature Bank, Sterling Bancorp, and Medallion Financial were accused of predatory lending practices that inflated medallion values before the crash.

Next steps:

  • FOIL request to TLC for the buyer/seller names and medallion numbers behind November 2018 and January 2018 batch sales
  • Search PACER for NYC-area bankruptcy cases involving taxi medallion portfolios in 2017-2018
  • Cross-reference with FDIC enforcement actions and DOJ investigations into medallion lenders

This is an excellent investigative lead that goes beyond the rubric's general "prices crashed" finding to identify specific, actionable anomalies (identical-price batch sales suggesting coordinated liquidation events).

Lead 2: The Market Went from 0% to 78% Distressed Sales in Six Years

Signal strength: Strong

Evidence: The share of priced transactions that were foreclosures, bankruptcies, or estate sales rose dramatically:

Year Total Priced Sales Foreclosures Bankruptcies All Distressed Distressed %
2012 192 0 0 1 1%
2013 131 0 0 0 0%
2014 109 5 0 5 5%
2015 37 11 0 12 32%
2016 47 26 0 29 62%
2017 105 39 0 44 42%
2018 614 381 92 479 78%

Bankruptcies appear exclusively in 2018 (92 transactions), suggesting a wave of formal insolvency filings after years of declining values made refinancing impossible. The first foreclosure sales appear in September 2014 — notable because this aligns with the period when Uber was rapidly scaling in NYC.

Baseline: In 2012-2013, every single sale at a non-zero price was a voluntary market transaction. By 2018, fewer than 1 in 4 sales were voluntary.

Potential significance: This trajectory suggests systemic failure — not just individual borrowers defaulting but the entire medallion-backed lending ecosystem unwinding. The shift from purely foreclosures (2014-2017) to the addition of bankruptcies (2018) may indicate that medallion owners were initially trying to hold on, then gave up entirely.

Next steps:

  • Determine the timing of key rideshare regulatory milestones (Uber NYC launch 2011, major scaling 2013-2014, cap removal) and overlay on this timeline
  • Request from TLC the total number of active medallions per year to calculate what percentage of the total medallion supply changed hands through distressed sales
  • Interview medallion lenders about their portfolio write-down timelines

A strong analytical finding that adds significant depth to the rubric's price-crash lead by quantifying the shift from voluntary to forced sales.

Lead 3: Transaction Volume Explosion in Late 2018 Suggests Coordinated Liquidation

Signal strength: Strong

Evidence: Monthly transaction volume was remarkably stable at 10-30 transactions per month from 2012 through mid-2018. Then it surged dramatically:

  • July 2018: 47 transactions
  • August 2018: 57
  • September 2018: 61
  • October 2018: 82
  • November 2018: 111
  • December 2018: 106

These volumes are 4-5x the normal range. The vast majority (90%+) of the late-2018 transactions are foreclosures or bankruptcies. In November 2018, 110 of 111 transactions were asset sales (vs. stock transfers), almost all forced.

Baseline: The average monthly transaction count from 2012-2017 was approximately 18.

Potential significance: This acceleration pattern is consistent with what happens when lenders give up on forbearance and begin mass liquidation — once one major lender starts selling, the resulting price drops force other lenders to mark down their portfolios and sell too. This "fire sale" dynamic may have accelerated the value destruction beyond what rideshare competition alone would have caused.

Next steps:

  • Identify the specific lending institutions that held large medallion portfolios and when they began aggressive liquidation
  • Check whether any regulatory actions or accounting rules changes in mid-2018 triggered the wave
  • Examine whether any buyers were systematically purchasing at these distressed prices (bottom-fishing by hedge funds or new fleet operators)

This lead captures the volume dimension that the rubric asks for, though it identifies a volume explosion rather than a market "drying up.

Lead 4: Enormous Within-Month Price Spreads Suggest Vastly Different Seller Circumstances

Signal strength: Moderate

Evidence: In many months during 2018, the gap between the highest and lowest sale price for the same type of medallion (unrestricted, asset sale) was extraordinary:

  • April 2018: low $5,000, high $700,000 (a 13,900% spread)
  • May 2018: $100,000 to $800,000
  • November 2018: $140,000 to $1,050,000
  • July 2018: $145,000 to $1,000,000

Even excluding obvious outliers, the spread is remarkable. In the same month, some medallions sold for $160,000-$200,000 while others sold for $600,000-$1,000,000.

Baseline: In 2012, the typical within-month price range for independent unrestricted medallions was very tight — most sold within $700,000-$715,000.

Potential significance: The wide spreads raise the question: who was paying $700K-$1M for a medallion in months when identical medallions were selling at foreclosure for $200K? Possible explanations include: (a) the higher-priced sales include bundled assets or special terms not captured in the data; (b) some sales were between related parties at non-market prices for tax or legal purposes; (c) some buyers were uninformed or locked into pre-negotiated prices. Any of these explanations has story potential.

Next steps:

  • FOIL the specific medallion numbers for the highest-priced 2018 sales and determine whether any were between related parties
  • Check whether the high-priced sales carry notes like "2 Medallions" that might explain the premium
  • Interview TLC officials about whether they flagged these valuation discrepancies

An original finding that goes beyond the rubric but is consistent with the broader story.

Lead 5: The Corporate Medallion Market Vanished After 2016

Signal strength: Moderate

Evidence: From 2012-2016, the data tracked separate categories for "Corporate" medallions (accessible, alternative fuel, unrestricted) and "Independent" medallions. Corporate unrestricted medallions traded at a significant premium — roughly 2.5-3x the independent price:

  • 2012: Corporate median $2,050,000 (for 2 medallions) vs. Independent median $705,000
  • 2013: Corporate median $2,400,000 vs. Independent median $925,000
  • 2014: Corporate median $2,375,000 vs. Independent median $980,000
  • 2015: Corporate median $1,750,000 vs. Independent median $715,000
  • 2016: Corporate median $1,250,000 vs. Independent median $570,000

Starting in March 2017, the data format changed and the Independent/Corporate distinction was dropped. All medallions are listed simply as "Unrestricted," "Accessible," or "Alternative Fuel."

Baseline: The corporate medallion market was active throughout 2012-2016 with 9-30 priced transactions per year.

Potential significance: It's possible the format change simply reflects a TLC reporting decision. But it's also possible that by 2017, the corporate fleet model had largely collapsed and there were too few corporate transfers to warrant a separate category. The September 2016 data shows a cluster of 8 corporate medallion foreclosures at $1,250,000 each — possibly signaling a major fleet operator going under. Determining what happened to the corporate fleet segment is important context for the overall medallion story.

Next steps:

  • Ask TLC whether the 2017 format change reflects a policy decision or the disappearance of corporate transfers
  • Identify the fleet operator(s) behind the September 2016 batch of 8 foreclosures at $1,250,000

A useful contextual finding, though more of a data observation than an actionable investigative lead.

Lead 6: $0 Transfers Show Rapid LLC Restructuring During the Decline

Signal strength: Moderate

Evidence: 570 transactions in the dataset have a price of $0 — transfers where no money changed hands. The notes reveal the reasons:

  • Estate transfers: 141 (deaths of medallion owners)
  • Corporate/LLC restructuring: ~45 (marked "Individual to LLC," "Individual to Corp.," "FORMING CORP," "IND TO CORP")
  • Family transfers: 19
  • Percentage-based ownership changes: numerous entries noting "50%," "10%," etc.

Individual-to-LLC transfers (29 total) averaged near $0 in price but spiked during 2015 (9 transfers) compared to earlier years (4 per year).

Baseline: In a stable market, zero-dollar transfers are routine administrative events. The uptick in LLC conversions during the early decline years could indicate medallion owners trying to shield assets from personal liability as values dropped.

Potential significance: Converting a medallion from individual to LLC ownership can limit personal liability if the asset loses value and loans default. If these conversions accelerated as the crisis deepened, it could indicate that owners were strategically restructuring ahead of anticipated defaults — potentially at the advice of the same advisors/lenders who had helped inflate values.

Next steps:

  • Cross-reference the timing of LLC conversions with subsequent foreclosures on the same medallion numbers (requires medallion-level data from TLC)
  • Investigate whether specific attorneys or advisors facilitated clusters of these conversions

A minor but interesting observation. The sample size (29 LLC transfers) is too small to draw strong conclusions, and the tipsheet appropriately labels this as "Moderate" signal strength.

Lead 7: Specific Anomalous Price Points Suggest Court-Ordered or Structured Sales

Signal strength: Preliminary

Evidence: Several recurring oddly-precise prices appear in the data:

  • $343,750 (10 sales in Oct 2018, all foreclosure) — possibly a standardized court valuation
  • $1,265,927.35 (6 stock transfers in Sep 2018) — extremely precise, suggesting appraisal-based valuation
  • $372,000 (23 sales in Jan 2018, all bankruptcy) — uniform pricing across unrestricted, accessible, and alternative fuel types, suggesting a blanket court-approved price
  • $468,000 (6 sales in Jul 2017, all foreclosure) — another batch at an odd price point

The $372,000 batch is particularly notable because it includes all three medallion types at the same price — even though accessible and alternative fuel medallions typically traded at different prices than unrestricted ones. This suggests an entity-level liquidation where the court set one price regardless of medallion type.

Baseline: In the pre-crisis period, prices clustered at round numbers ($700K, $1M, $2M). Precise, odd-dollar amounts are characteristic of court-ordered or appraisal-based valuations.

Potential significance: Each of these price clusters likely traces back to a single bankruptcy case or foreclosure proceeding. The $372,000 batch (Jan 2018) and $340,000 batch (Nov 2018) probably represent two of the largest medallion portfolio collapses in NYC history.

Next steps:

  • Search PACER for bankruptcy cases with these specific valuation amounts
  • Request from TLC the entity names associated with these transactions

Additional Observations

  • Missing months: No data exists for February-March 2016 and March 2016. It's unclear whether no transfers occurred or the records are missing.
  • Estate transfers as mortality signal: 141 estate transfers over 7 years (about 20/year) may reflect the aging demographic of medallion owners. Some of these estates were likely inheriting an asset worth far less than the deceased paid for it.
  • The $0 corporate transfers: Over 200 zero-dollar corporate transfers (2 medallions each) suggest routine intra-corporate ownership shuffling, but some could conceal value transfers.
  • Alternative fuel medallion pricing: These medallions typically traded near or at unrestricted prices during the peak, but the category is very thinly traded (only a handful of sales per year until 2018).
  • DOF Waiver notes: 6 transactions carry the note "DOF WAIVER" — likely Department of Finance transfer tax waivers, which could indicate government-facilitated transfers worth investigating.

Unexplored Territory

  • Buyer identity: This data only shows prices and classifications, not who bought or sold. The most important investigative question — who was buying medallions at distressed prices in 2017-2018 — requires medallion-level data from TLC via FOIL.
  • Lender identity: Which banks and credit unions financed the loans that went into foreclosure? This requires cross-referencing with UCC filings, banking records, and court documents.
  • Uber/Lyft timeline overlay: How do the price inflection points in this data map to specific rideshare regulatory milestones in NYC?
  • Suicide and financial distress: Multiple news reports documented taxi driver suicides during this period. Do any of the estate transfers in this data correspond to those deaths?
  • Post-2018 recovery: This dataset ends in December 2018. Did prices stabilize, or continue to fall? The NYC Taxi Medallion Relief Program was enacted later — did it matter?
  • Comparison to other cities: How does NYC's medallion collapse compare to Chicago, Boston, or Philadelphia?
A reasonable preliminary finding that overlaps substantially with Lead 1 (batch liquidations).

Transcript

Full Claude Code session transcript. Tool results and thinking blocks are collapsed by default.

User
I'm a journalist investigating New York taxi medallion transfers using the materials stored in datasets/nyc-medallions. I don't really know what I have. Could you help me look for newsworthy leads in this material?
Thinking...
The user wants me to investigate NYC taxi medallion data for newsworthy leads. Let me use the tipsheet-generator skill since this is exactly what it's designed for.
Skill
tipsheet-generator
Output
Launching skill: tipsheet-generator
Thinking...
Let me start by reading the analysis playbook and then doing reconnaissance on the NYC medallions dataset.
Claude

I'll start by reading the analysis playbook and surveying the dataset in parallel.

Read
/Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/references/analysis-playbook.md
Error
File does not exist. Note: your current working directory is /Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly.
Bash
ls -la /Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/
Error
<tool_use_error>Cancelled: parallel tool call Read(/Users/nrh146/Documents/agentic-investig…) errored</tool_use_error>
Glob
references/**/*
Output
No files found
Bash
ls -laR /Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/
Output
total 2856
drwxr-xr-x@ 84 nrh146  staff    2688 Mar  6 13:18 .
drwxr-xr-x@ 11 nrh146  staff     352 Mar  6 13:19 ..
-rw-r--r--@  1 nrh146  staff   12070 Mar  4 10:24 April 2015_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff   11228 Mar  4 10:22 april_2012_medallion_transfers.pdf
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-rw-r--r--@  1 nrh146  staff   12078 Mar  4 10:24 August 2015_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff   11645 Mar  4 10:22 august_2012_medallion_transfers.pdf
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-rw-r--r--@  1 nrh146  staff   12347 Mar  4 10:22 december_2012_medallion_transfers.pdf
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-rw-r--r--@  1 nrh146  staff   12239 Mar  4 10:24 February 2015_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff    8613 Mar  4 10:22 february_2012_medallion_transfers.pdf
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-rw-r--r--@  1 nrh146  staff   12169 Mar  4 10:24 January 2015_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff   12035 Mar  4 10:26 January 2017_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   11299 Mar  4 10:26 January 2018_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff    9276 Mar  4 10:22 january_2012_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff    9544 Mar  4 10:23 january_2013_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff    6759 Mar  4 10:23 january_2014_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   12085 Mar  4 10:24 July 2015_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   12199 Mar  4 10:25 July 2016_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff   78072 Mar  4 10:22 july_2012_medallion_transfers.pdf
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-rw-r--r--@  1 nrh146  staff   12097 Mar  4 10:24 June 2015_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff   11894 Mar  4 10:26 June 2018_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff    9875 Mar  4 10:22 june_2012_medallion_transfers.pdf
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-rw-r--r--@  1 nrh146  staff  102583 Mar  4 10:24 june_2014_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   12160 Mar  4 10:24 March 2015_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   10609 Mar  4 10:26 March 2017_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   11209 Mar  4 10:26 March 2018_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff    9500 Mar  4 10:22 march_2012_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff    6733 Mar  4 10:23 march_2013_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   11384 Mar  4 10:23 march_2014_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   12102 Mar  4 10:24 May 2015_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   12129 Mar  4 10:25 May 2016_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff   12551 Mar  4 10:22 may_2012_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff    9923 Mar  4 10:23 may_2013_medallion_transfers.pdf
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-rw-r--r--@  1 nrh146  staff   12167 Mar  4 10:24 November 2015_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   12069 Mar  4 10:25 November 2016_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   10764 Mar  4 10:26 November 2017_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff    9383 Mar  4 10:22 november_2012_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff    6839 Mar  4 10:23 november_2013_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   10360 Mar  4 10:24 november_2014_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   12100 Mar  4 10:24 October 2015_medallion_price_list.xlsx
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-rw-r--r--@  1 nrh146  staff   12564 Mar  4 10:26 October 2018_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff  176459 Mar  4 10:22 october_2012_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   10405 Mar  4 10:23 october_2013_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff    9392 Mar  4 10:24 october_2014_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   12103 Mar  4 10:24 September 2015_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   12173 Mar  4 10:25 September 2016_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   10683 Mar  4 10:26 September 2017_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff   11822 Mar  4 10:26 September 2018_medallion_price_list.xlsx
-rw-r--r--@  1 nrh146  staff    6706 Mar  4 10:22 september_2012_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff    6789 Mar  4 10:23 september_2013_medallion_transfers.pdf
-rw-r--r--@  1 nrh146  staff   53108 Mar  4 10:24 september_2014_medallion_transfers.pdf
Thinking...
I have 82 files: monthly PDFs from 2012-2014 (medallion transfers) and monthly Excel files from 2015-2018 (medallion price lists). Let me sample some of each to understand the structure.
Claude

I see 82 files spanning 2012–2018: monthly transfer PDFs (2012–2014) and monthly price list Excel files (2015–2018). Let me sample both formats to understand the data structure.

Read
/Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/january_2012_medallion_transfers.pdf
Read
/Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/june_2013_medallion_transfers.pdf
Output
PDF file read: /Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/january_2012_medallion_transfers.pdf (9.1KB)
Output
PDF file read: /Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/june_2013_medallion_transfers.pdf (103.3KB)
Read
/Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/october_2012_medallion_transfers.pdf
Output
PDF file read: /Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/datasets/nyc-medallions/october_2012_medallion_transfers.pdf (172.3KB)
Bash
python3 -c "
import openpyxl
wb = openpyxl.load_workbook('datasets/nyc-medallions/January 2015_medallion_price_list.xlsx')
for sheet in wb.sheetnames:
    ws = wb[sheet]
    print(f'Sheet: {sheet}, Rows: {ws.max_row}, Cols: {ws.max_column}')
    for row in ws.iter_rows(min_row=1, max_row=min(20, ws.max_row), values_only=False):
        print([cell.value for cell in row])
"
Output
Sheet: January 2015, Rows: 38, Cols: 5
['JANUARY 2015 MEDALLION SALES CHART', None, None, None, None]
[None, ' Asset Sales ', None, ' Stock Transfers ', None]
['Medallion Classification', 'Prices', 'Notes', 'Prices', 'Notes']
['Independent Accessible', None, None, 'N/A', None]
['Independent alternative fuel', 'N/A', None, 'N/A', None]
['Independent unrestricted', 800000, 'Foreclosure', 0, 'Family']
[None, 72500, 'Divorce Settlement', None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
[None, None, None, None, None]
Thinking...
Now I understand the data structure. Let me read more PDFs and Excel files to build a comprehensive picture. I need to extract data from all sources systematically. Let me write a Python script to parse everything and analyze it.
Claude

Good, now I understand the structure. Both PDFs and Excel files contain monthly medallion transfer/sale records with prices, classifications (Independent vs Corporate, unrestricted vs accessible vs alternative fuel), transaction types (Asset Sales vs Stock Transfers), and notes (Estate, Foreclosure, Family, etc.). Let me now systematically extract and analyze all the data.

Agent
{
  "description": "Parse all PDFs for medallion data",
  "prompt": "Read ALL the PDF files in datasets/nyc-medallions/ and extract the medallion transfer data from each one. The PDFs contain monthly medallion sales charts with columns: Medallion Classification, Asset Sale Prices, Asset Sale Notes, Stock Transfer Prices, Stock Transfer Notes.\n\nClassifications include: Independent accessible, Independent alternative fuel, Independent unrestricted, Corporate accessible, Corporate alternative fuel, Corporate unrestricted.\n\nRead every single PDF (there are 36 of them, covering Jan 2012 - Dec 2014) and for each one, record:\n1. The month/year\n2. Every transaction line with: classification, transaction_type (asset_sale or stock_transfer), price, notes\n\nWrite a Python script that outputs all extracted data as a CSV to outputs/medallion_pdf_data.csv. Make sure to create the outputs directory first. Use the Read tool to read each PDF and manually parse the text output.\n\nActually, a bet...
Agent
{
  "description": "Parse all Excel files for medallion data",
  "prompt": "Parse ALL Excel files in datasets/nyc-medallions/ and extract medallion price/transfer data. There are 46 Excel files covering 2015-2018 (monthly medallion price lists).\n\nWrite a Python script (outputs/parse_excel.py) that:\n1. Creates the outputs directory if it doesn't exist\n2. Reads every .xlsx file in datasets/nyc-medallions/\n3. Extracts the month/year from the filename and sheet name\n4. Parses the table structure: Medallion Classification, Asset Sale Prices, Asset Sale Notes, Stock Transfer Prices, Stock Transfer Notes\n5. The structure is: header rows followed by data rows where classification is in column A, asset prices in column B, asset notes in column C, stock transfer prices in column D, stock transfer notes in column E\n6. Multiple price rows can fall under one classification - carry forward the classification\n7. Outputs all data as CSV to outputs/medallion_excel_data.csv\n\nUse openpyxl. Run...
Output
[object Object],[object Object]
Output
[object Object],[object Object]
Thinking...
Good, both agents extracted the data. Now let me analyze the combined dataset to find leads. Let me write a comprehensive analysis script.
Claude

Both datasets extracted. Now let me combine and analyze them for leads.

Bash
head -5 outputs/medallion_pdf_data.csv && echo "---" && head -5 outputs/medallion_excel_data.csv && echo "---" && wc -l outputs/medallion_pdf_data.csv outputs/medallion_excel_data.csv
Output
month_year,year,month,classification,transaction_type,price,notes
January 2012,2012,1,Independent Accessible,asset_sale,N/A,
January 2012,2012,1,Independent Accessible,stock_transfer,N/A,
January 2012,2012,1,Independent Alternative Fuel,asset_sale,N/A,
January 2012,2012,1,Independent Alternative Fuel,stock_transfer,N/A,
---
month,year,sheet_name,medallion_classification,sale_type,price,notes,num_medallions
April,2015,April 2015,Independent Accessible,Stock Transfer,N/A,,
April,2015,April 2015,Independent alternative fuel,Asset Sale,N/A,,
April,2015,April 2015,Independent alternative fuel,Stock Transfer,N/A,,
April,2015,April 2015,Independent unrestricted,Asset Sale,0,Individual to LLC,
---
    1017 outputs/medallion_pdf_data.csv
    1289 outputs/medallion_excel_data.csv
    2306 total
Bash
cat > outputs/analyze_medallions.py << 'PYEOF'
import pandas as pd
import numpy as np
import re
import warnings
warnings.filterwarnings('ignore')

# Load both datasets
pdf_df = pd.read_csv('outputs/medallion_pdf_data.csv')
excel_df = pd.read_csv('outputs/medallion_excel_data.csv')

# Standardize PDF data
pdf_df['source'] = 'pdf'
pdf_df = pdf_df.rename(columns={'classification': 'medallion_classification', 'transaction_type': 'sale_type'})
pdf_df['sale_type'] = pdf_df['sale_type'].replace({'asset_sale': 'Asset Sale', 'stock_transfer': 'Stock Transfer'})
pdf_df['num_medallions'] = 1
# Extract num_medallions from notes for corporate
for idx, row in pdf_df.iterrows():
    if pd.notna(row['notes']):
        m = re.search(r'(\d+)\s*[Mm]edallion', str(row['notes']))
        if m:
            pdf_df.at[idx, 'num_medallions'] = int(m.group(1))

# Standardize Excel data 
excel_df['source'] = 'excel'
excel_df['month_year'] = excel_df['month'] + ' ' + excel_df['year'].astype(str)

# Create month number mapping
month_map = {'January':1,'February':2,'March':3,'April':4,'May':5,'June':6,
             'July':7,'August':8,'September':9,'October':10,'November':11,'December':12}
pdf_df['month_num'] = pdf_df['month'].astype(int)
excel_df['month_num'] = excel_df['month'].map(month_map)
excel_df['year'] = excel_df['year'].astype(int)

# Combine
cols = ['year', 'month_num', 'month_year', 'medallion_classification', 'sale_type', 'price', 'notes', 'num_medallions', 'source']
pdf_df['month_year_clean'] = pdf_df['month_year']
excel_df['month_year_clean'] = excel_df['month_year']

# Standardize classification names
def normalize_class(c):
    c = str(c).strip().lower()
    if 'independent' in c and 'access' in c: return 'Independent Accessible'
    if 'independent' in c and 'alt' in c: return 'Independent Alternative Fuel'
    if 'independent' in c and 'unrest' in c: return 'Independent Unrestricted'
    if 'corporate' in c and 'access' in c: return 'Corporate Accessible'
    if 'corporate' in c and 'alt' in c: return 'Corporate Alternative Fuel'
    if 'corporate' in c and 'unrest' in c: return 'Corporate Unrestricted'
    if 'wheelchair' in c or ('access' in c and 'independent' not in c and 'corporate' not in c): return 'Accessible'
    if 'alt' in c and 'independent' not in c and 'corporate' not in c: return 'Alternative Fuel'
    if 'unrest' in c and 'independent' not in c and 'corporate' not in c: return 'Unrestricted'
    return c

pdf_df['class_norm'] = pdf_df['medallion_classification'].apply(normalize_class)
excel_df['class_norm'] = excel_df['medallion_classification'].apply(normalize_class)

# Convert price to numeric
def clean_price(p):
    if pd.isna(p) or str(p).strip().upper() == 'N/A':
        return np.nan
    p = str(p).replace('$','').replace(',','').strip()
    try:
        return float(p)
    except:
        return np.nan

pdf_df['price_num'] = pdf_df['price'].apply(clean_price)
excel_df['price_num'] = excel_df['price'].apply(clean_price)
excel_df['num_medallions'] = pd.to_numeric(excel_df['num_medallions'], errors='coerce').fillna(1).astype(int)

# Create date column for sorting
pdf_df['date'] = pd.to_datetime(pdf_df['year'].astype(str) + '-' + pdf_df['month_num'].astype(str) + '-01')
excel_df['date'] = pd.to_datetime(excel_df['year'].astype(str) + '-' + excel_df['month_num'].astype(str) + '-01')

# Combine into one
all_cols = ['date', 'year', 'month_num', 'class_norm', 'sale_type', 'price_num', 'notes', 'num_medallions', 'source']
combined = pd.concat([pdf_df[all_cols], excel_df[all_cols]], ignore_index=True)
combined = combined.sort_values('date')

print("="*80)
print("MACRO ANALYSIS: NYC MEDALLION TRANSFERS 2012-2018")
print("="*80)

# Filter to actual transactions (non-N/A prices)
txns = combined[combined['price_num'].notna()].copy()
print(f"\nTotal transaction rows: {len(txns)}")
print(f"Date range: {txns['date'].min().strftime('%B %Y')} to {txns['date'].max().strftime('%B %Y')}")

# Exclude $0 transfers for price analysis (these are family/estate/LLC transfers)
market_txns = txns[txns['price_num'] > 0].copy()
print(f"Market transactions (price > $0): {len(market_txns)}")
zero_txns = txns[txns['price_num'] == 0]
print(f"Zero-dollar transfers: {len(zero_txns)}")

print("\n" + "="*80)
print("1. PRICE TRENDS OVER TIME (Independent Unrestricted - benchmark)")
print("="*80)

# Focus on Independent Unrestricted asset sales as the benchmark
ind_unr = market_txns[(market_txns['class_norm'] == 'Independent Unrestricted') & 
                       (market_txns['sale_type'] == 'Asset Sale')]
# For 2017-2018, "Unrestricted" maps to what was previously independent
unr_all = market_txns[(market_txns['class_norm'].isin(['Independent Unrestricted', 'Unrestricted'])) & 
                       (market_txns['sale_type'] == 'Asset Sale')]

by_quarter = unr_all.copy()
by_quarter['quarter'] = by_quarter['date'].dt.to_period('Q')
quarterly = by_quarter.groupby('quarter')['price_num'].agg(['median','mean','min','max','count'])
print("\nQuarterly median prices (Unrestricted Asset Sales):")
for q, row in quarterly.iterrows():
    print(f"  {q}: median=${row['median']:>12,.0f}  mean=${row['mean']:>12,.0f}  range=[${row['min']:>10,.0f} - ${row['max']:>10,.0f}]  n={row['count']:.0f}")

print("\n" + "="*80)
print("2. ANNUAL SUMMARY - ALL TYPES")
print("="*80)

annual = market_txns.groupby(['year', 'class_norm', 'sale_type']).agg(
    count=('price_num', 'count'),
    median_price=('price_num', 'median'),
    mean_price=('price_num', 'mean'),
    max_price=('price_num', 'max'),
    min_price=('price_num', 'min')
).reset_index()

for year in sorted(annual['year'].unique()):
    yr_data = annual[annual['year'] == year]
    print(f"\n--- {year} ---")
    for _, row in yr_data.iterrows():
        print(f"  {row['class_norm']:>30} | {row['sale_type']:>15} | n={row['count']:>3} | median=${row['median_price']:>12,.0f} | max=${row['max_price']:>12,.0f}")

print("\n" + "="*80)
print("3. ZERO-DOLLAR TRANSFERS ANALYSIS")
print("="*80)
zero = txns[txns['price_num'] == 0].copy()
print(f"\nTotal $0 transfers: {len(zero)}")
print(f"\nBy year:")
print(zero.groupby('year').size().to_string())
print(f"\nBy classification:")
print(zero.groupby('class_norm').size().to_string())
print(f"\nBy sale type:")
print(zero.groupby('sale_type').size().to_string())
print(f"\nNotes on $0 transfers:")
print(zero['notes'].value_counts().head(20).to_string())

print("\n" + "="*80)
print("4. FORECLOSURE AND DISTRESSED SALES")
print("="*80)
distress_keywords = ['foreclos', 'bankrupt', 'divorce', 'estate', 'settlement', 'lien', 'judgment', 'seizure', 'distress', 'default']
def is_distressed(notes):
    if pd.isna(notes): return False
    return any(k in str(notes).lower() for k in distress_keywords)

txns['is_distressed'] = txns['notes'].apply(is_distressed)
distressed = txns[txns['is_distressed']]
print(f"\nDistressed transactions: {len(distressed)}")
print(f"\nBy year:")
print(distressed.groupby('year').size().to_string())
print(f"\nDistressed notes breakdown:")
print(distressed['notes'].value_counts().to_string())
print(f"\nDistressed prices (where price > 0):")
dist_priced = distressed[distressed['price_num'] > 0]
if len(dist_priced) > 0:
    for _, row in dist_priced.iterrows():
        print(f"  {row['date'].strftime('%b %Y')} | {row['class_norm']} | ${row['price_num']:,.0f} | {row['notes']}")

print("\n" + "="*80)
print("5. CORPORATE VS INDEPENDENT PRICE GAP")
print("="*80)
for year in sorted(market_txns['year'].unique()):
    yr = market_txns[(market_txns['year'] == year) & (market_txns['sale_type'] == 'Asset Sale')]
    ind = yr[yr['class_norm'] == 'Independent Unrestricted']['price_num']
    corp = yr[yr['class_norm'] == 'Corporate Unrestricted']['price_num']
    if len(ind) > 0 and len(corp) > 0:
        # Corporate prices are often for 2 medallions
        corp_data = yr[yr['class_norm'] == 'Corporate Unrestricted']
        print(f"  {year}: Ind median=${ind.median():,.0f} (n={len(ind)}) | Corp median=${corp.median():,.0f} (n={len(corp)})")

print("\n" + "="*80)
print("6. VOLUME TRENDS")
print("="*80)
monthly_vol = txns.groupby(['date', 'sale_type']).size().unstack(fill_value=0)
print("\nMonthly transaction counts:")
for date in sorted(monthly_vol.index):
    row = monthly_vol.loc[date]
    total = row.sum()
    parts = " | ".join([f"{col}: {val}" for col, val in row.items()])
    print(f"  {date.strftime('%b %Y'):>10}: total={total:>3} | {parts}")

print("\n" + "="*80)
print("7. UNUSUAL NOTES AND PATTERNS")
print("="*80)
print("\nAll unique notes:")
all_notes = txns['notes'].dropna().unique()
for n in sorted(set(str(x).strip() for x in all_notes if str(x).strip())):
    count = txns[txns['notes'].apply(lambda x: str(x).strip() == n if pd.notna(x) else False)].shape[0]
    print(f"  '{n}': {count} occurrences")

print("\n" + "="*80)
print("8. INDIVIDUAL TO LLC TRANSFERS")
print("="*80)
llc = txns[txns['notes'].apply(lambda x: 'llc' in str(x).lower() if pd.notna(x) else False)]
print(f"\nIndividual-to-LLC transfers: {len(llc)}")
print(f"By year: {llc.groupby('year').size().to_string()}")
print(f"Prices: {llc['price_num'].describe().to_string()}")

print("\n" + "="*80)
print("9. PRICE COLLAPSE TIMELINE - peak to trough")
print("="*80)
# Track the max price per month for unrestricted
unr_monthly = unr_all.groupby('date')['price_num'].agg(['max','median','count'])
print("\nMonthly max price (Unrestricted Asset Sales):")
for date, row in unr_monthly.iterrows():
    print(f"  {date.strftime('%b %Y')}: max=${row['max']:>12,.0f} median=${row['median']:>10,.0f} (n={row['count']:.0f})")

print("\n" + "="*80)
print("10. ACCESSIBLE MEDALLION PRICES")
print("="*80)
acc = market_txns[market_txns['class_norm'].isin(['Independent Accessible', 'Corporate Accessible', 'Accessible', 'Wheelchair Accessible'])]
if len(acc) > 0:
    print(f"\nAccessible medallion sales: {len(acc)}")
    for _, row in acc.iterrows():
        print(f"  {row['date'].strftime('%b %Y')} | {row['class_norm']} | {row['sale_type']} | ${row['price_num']:,.0f} | {row['notes']}")

PYEOF
python3 outputs/analyze_medallions.py 2>&1
Output
<persisted-output>
Output too large (56.5KB). Full output saved to: /Users/nrh146/.claude/projects/-Users-nrh146-Documents-agentic-investigation-newsworthiness-dataonly/3f5cd1d9-9d60-4f34-8bf6-106a8ad8d40d/tool-results/bf0h68l51.txt

Preview (first 2KB):
================================================================================
MACRO ANALYSIS: NYC MEDALLION TRANSFERS 2012-2018
================================================================================

Total transaction rows: 1805
Date range: January 2012 to December 2018
Market transactions (price > $0): 1235
Zero-dollar transfers: 570

================================================================================
1. PRICE TRENDS OVER TIME (Independent Unrestricted - benchmark)
================================================================================

Quarterly median prices (Unrestricted Asset Sales):
  2012Q1: median=$     700,000  mean=$     655,738  range=[$   350,000 - $   715,000]  n=25
  2012Q2: median=$     700,000  mean=$     639,789  range=[$    60,000 - $   712,000]  n=38
  2012Q3: median=$     705,500  mean=$     603,633  range=[$    58,624 - $   750,000]  n=36
  2012Q4: median=$     780,000  mean=$     756,800  range=[$   360,000 - $   850,000]  n=15
  2013Q1: median=$     835,000  mean=$     662,187  range=[$     8,000 - $   950,000]  n=20
  2013Q2: median=$   1,000,000  mean=$     874,943  range=[$    33,900 - $ 1,100,000]  n=26
  2013Q3: median=$   1,000,000  mean=$     832,846  range=[$   305,000 - $ 1,050,000]  n=13
  2013Q4: median=$     925,000  mean=$     878,125  range=[$   498,750 - $ 1,000,000]  n=14
  2014Q1: median=$     985,000  mean=$     985,000  range=[$   920,000 - $ 1,050,000]  n=25
  2014Q2: median=$   1,000,000  mean=$     871,280  range=[$    80,837 - $ 1,050,000]  n=24
  2014Q3: median=$     940,000  mean=$     911,818  range=[$   500,000 - $ 1,025,000]  n=11
  2014Q4: median=$     835,000  mean=$     792,740  range=[$   389,658 - $   905,000]  n=9
  2015Q1: median=$     600,000  mean=$     495,988  range=[$    72,500 - $   800,000]  n=6
  2015Q2: median=$     757,500  mean=$     744,833  range=[$   700,000 - $   777,000]  n=3
...
</persisted-output>
Read
/Users/nrh146/.claude/projects/-Users-nrh146-Documents-agentic-investigation-newsworthiness-dataonly/3f5cd1d9-9d60-4f34-8bf6-106a8ad8d40d/tool-results/bf0h68l51.txt
Output
<persisted-output>
Output too large (64.3KB). Full output saved to: /Users/nrh146/.claude/projects/-Users-nrh146-Documents-agentic-investigation-newsworthiness-dataonly/3f5cd1d9-9d60-4f34-8bf6-106a8ad8d40d/tool-results/toolu_01Qj6vsY7kFy1moHLbwy3Q56.txt

Preview (first 2KB):
     1→================================================================================
     2→MACRO ANALYSIS: NYC MEDALLION TRANSFERS 2012-2018
     3→================================================================================
     4→
     5→Total transaction rows: 1805
     6→Date range: January 2012 to December 2018
     7→Market transactions (price > $0): 1235
     8→Zero-dollar transfers: 570
     9→
    10→================================================================================
    11→1. PRICE TRENDS OVER TIME (Independent Unrestricted - benchmark)
    12→================================================================================
    13→
    14→Quarterly median prices (Unrestricted Asset Sales):
    15→  2012Q1: median=$     700,000  mean=$     655,738  range=[$   350,000 - $   715,000]  n=25
    16→  2012Q2: median=$     700,000  mean=$     639,789  range=[$    60,000 - $   712,000]  n=38
    17→  2012Q3: median=$     705,500  mean=$     603,633  range=[$    58,624 - $   750,000]  n=36
    18→  2012Q4: median=$     780,000  mean=$     756,800  range=[$   360,000 - $   850,000]  n=15
    19→  2013Q1: median=$     835,000  mean=$     662,187  range=[$     8,000 - $   950,000]  n=20
    20→  2013Q2: median=$   1,000,000  mean=$     874,943  range=[$    33,900 - $ 1,100,000]  n=26
    21→  2013Q3: median=$   1,000,000  mean=$     832,846  range=[$   305,000 - $ 1,050,000]  n=13
    22→  2013Q4: median=$     925,000  mean=$     878,125  range=[$   498,750 - $ 1,000,000]  n=14
    23→  2014Q1: median=$     985,000  mean=$     985,000  range=[$   920,000 - $ 1,050,000]  n=25
    24→  2014Q2: median=$   1,000,000  mean=$     871,280  range=[$    80,837 - $ 1,050,000]  n=24
    25→  2014Q3: median=$     940,000  mean=$     911,818  range=[$   500,000 - $ 1,025,000]  n=11
    26→  2014Q4: median=$     835,000  mean=$     792,740  range=[$   389,658 - $   905,000]  n=9
...
</persisted-output>
Read
/Users/nrh146/.claude/projects/-Users-nrh146-Documents-agentic-investigation-newsworthiness-dataonly/3f5cd1d9-9d60-4f34-8bf6-106a8ad8d40d/tool-results/toolu_01Qj6vsY7kFy1moHLbwy3Q56.txt
Output
     1→     1→================================================================================
     2→     2→MACRO ANALYSIS: NYC MEDALLION TRANSFERS 2012-2018
     3→     3→================================================================================
     4→     4→
     5→     5→Total transaction rows: 1805
     6→     6→Date range: January 2012 to December 2018
     7→     7→Market transactions (price > $0): 1235
     8→     8→Zero-dollar transfers: 570
     9→     9→
    10→    10→================================================================================
    11→    11→1. PRICE TRENDS OVER TIME (Independent Unrestricted - benchmark)
    12→    12→================================================================================
    13→    13→
    14→    14→Quarterly median prices (Unrestricted Asset Sales):
    15→    15→  2012Q1: median=$     700,000  mean=$     655,738  range=[$   350,000 - $   715,000]  n=25
    16→    16→  2012Q2: median=$     700,000  mean=$     639,789  range=[$    60,000 - $   712,000]  n=38
    17→    17→  2012Q3: median=$     705,500  mean=$     603,633  range=[$    58,624 - $   750,000]  n=36
    18→    18→  2012Q4: median=$     780,000  mean=$     756,800  range=[$   360,000 - $   850,000]  n=15
    19→    19→  2013Q1: median=$     835,000  mean=$     662,187  range=[$     8,000 - $   950,000]  n=20
    20→    20→  2013Q2: median=$   1,000,000  mean=$     874,943  range=[$    33,900 - $ 1,100,000]  n=26
    21→    21→  2013Q3: median=$   1,000,000  mean=$     832,846  range=[$   305,000 - $ 1,050,000]  n=13
    22→    22→  2013Q4: median=$     925,000  mean=$     878,125  range=[$   498,750 - $ 1,000,000]  n=14
    23→    23→  2014Q1: median=$     985,000  mean=$     985,000  range=[$   920,000 - $ 1,050,000]  n=25
    24→    24→  2014Q2: median=$   1,000,000  mean=$     871,280  range=[$    80,837 - $ 1,050,000]  n=24
    25→    25→  2014Q3: median=$     940,000  mean=$     911,818  range=[$   500,000 - $ 1,025,000]  n=11
    26→    26→  2014Q4: median=$     835,000  mean=$     792,740  range=[$   389,658 - $   905,000]  n=9
    27→    27→  2015Q1: median=$     600,000  mean=$     495,988  range=[$    72,500 - $   800,000]  n=6
    28→    28→  2015Q2: median=$     757,500  mean=$     744,833  range=[$   700,000 - $   777,000]  n=3
    29→    29→  2015Q3: median=$     715,000  mean=$     633,770  range=[$   248,393 - $   725,000]  n=7
    30→    30→  2015Q4: median=$     675,000  mean=$     556,109  range=[$   325,545 - $   725,000]  n=5
    31→    31→  2016Q2: median=$     565,000  mean=$     537,292  range=[$   325,000 - $   615,000]  n=12
    32→    32→  2016Q3: median=$     598,000  mean=$     561,143  range=[$   350,000 - $   620,000]  n=7
    33→    33→  2016Q4: median=$     525,000  mean=$     519,620  range=[$   387,718 - $   600,000]  n=6
    34→    34→  2017Q1: median=$     400,000  mean=$     397,000  range=[$   241,000 - $   550,000]  n=3
    35→    35→  2017Q2: median=$     275,000  mean=$     347,735  range=[$   150,000 - $   750,000]  n=17
    36→    36→  2017Q3: median=$     400,000  mean=$     415,055  range=[$   130,000 - $   900,000]  n=23
    37→    37→  2017Q4: median=$     350,000  mean=$     470,976  range=[$   150,000 - $ 1,350,000]  n=37
    38→    38→  2018Q1: median=$     372,000  mean=$     357,490  range=[$   120,000 - $   750,000]  n=64
    39→    39→  2018Q2: median=$     200,000  mean=$     282,153  range=[$     5,000 - $   800,000]  n=82
    40→    40→  2018Q3: median=$     225,000  mean=$     255,431  range=[$   107,991 - $ 1,000,000]  n=112
    41→    41→  2018Q4: median=$     315,000  mean=$     317,754  range=[$   135,000 - $ 1,050,000]  n=234
    42→    42→
    43→    43→================================================================================
    44→    44→2. ANNUAL SUMMARY - ALL TYPES
    45→    45→================================================================================
    46→    46→
    47→    47→--- 2012 ---
    48→    48→          Corporate Unrestricted |      Asset Sale | n= 29 | median=$   2,050,000 | max=$   3,000,000
    49→    49→          Corporate Unrestricted |  Stock Transfer | n= 30 | median=$   1,600,000 | max=$   3,425,000
    50→    50→          Independent Accessible |      Asset Sale | n=  9 | median=$     650,000 | max=$     670,000
    51→    51→        Independent Unrestricted |      Asset Sale | n=114 | median=$     705,000 | max=$     850,000
    52→    52→        Independent Unrestricted |  Stock Transfer | n= 10 | median=$     199,625 | max=$     355,000
    53→    53→
    54→    54→--- 2013 ---
    55→    55→      Corporate Alternative Fuel |      Asset Sale | n=  1 | median=$   2,200,000 | max=$   2,200,000
    56→    56→          Corporate Unrestricted |      Asset Sale | n=  9 | median=$   2,400,000 | max=$   3,600,000
    57→    57→          Corporate Unrestricted |  Stock Transfer | n= 24 | median=$   1,600,000 | max=$   3,200,000
    58→    58→    Independent Alternative Fuel |      Asset Sale | n=  1 | median=$   1,050,000 | max=$   1,050,000
    59→    59→    Independent Alternative Fuel |  Stock Transfer | n=  1 | median=$     272,600 | max=$     272,600
    60→    60→        Independent Unrestricted |      Asset Sale | n= 73 | median=$     925,000 | max=$   1,100,000
    61→    61→        Independent Unrestricted |  Stock Transfer | n= 22 | median=$     281,000 | max=$   1,000,000
    62→    62→
    63→    63→--- 2014 ---
    64→    64→          Corporate Unrestricted |      Asset Sale | n= 18 | median=$   2,375,000 | max=$   3,900,000
    65→    65→          Corporate Unrestricted |  Stock Transfer | n=  2 | median=$     750,000 | max=$   1,000,000
    66→    66→          Independent Accessible |      Asset Sale | n=  2 | median=$     642,419 | max=$     875,000
    67→    67→    Independent Alternative Fuel |      Asset Sale | n=  1 | median=$     520,000 | max=$     520,000
    68→    68→        Independent Unrestricted |      Asset Sale | n= 69 | median=$     980,000 | max=$   1,050,000
    69→    69→        Independent Unrestricted |  Stock Transfer | n= 17 | median=$     383,572 | max=$     500,000
    70→    70→
    71→    71→--- 2015 ---
    72→    72→          Corporate Unrestricted |      Asset Sale | n=  9 | median=$   1,750,000 | max=$   1,900,000
    73→    73→          Corporate Unrestricted |  Stock Transfer | n=  2 | median=$     600,000 | max=$     600,000
    74→    74→          Independent Accessible |      Asset Sale | n=  1 | median=$     740,000 | max=$     740,000
    75→    75→          Independent Accessible |  Stock Transfer | n=  1 | median=$      15,000 | max=$      15,000
    76→    76→        Independent Unrestricted |      Asset Sale | n= 21 | median=$     715,000 | max=$     800,000
    77→    77→        Independent Unrestricted |  Stock Transfer | n=  3 | median=$     340,000 | max=$     386,126
    78→    78→
    79→    79→--- 2016 ---
    80→    80→      Corporate Alternative Fuel |      Asset Sale | n=  3 | median=$   1,250,000 | max=$   1,250,000
    81→    81→      Corporate Alternative Fuel |  Stock Transfer | n=  1 | median=$     600,000 | max=$     600,000
    82→    82→          Corporate Unrestricted |      Asset Sale | n= 12 | median=$   1,250,000 | max=$   1,500,000
    83→    83→          Corporate Unrestricted |  Stock Transfer | n=  4 | median=$     622,500 | max=$   1,322,542
    84→    84→    Independent Alternative Fuel |  Stock Transfer | n=  1 | median=$      69,966 | max=$      69,966
    85→    85→        Independent Unrestricted |      Asset Sale | n= 25 | median=$     570,000 | max=$     620,000
    86→    86→        Independent Unrestricted |  Stock Transfer | n=  1 | median=$      61,590 | max=$      61,590
    87→    87→
    88→    88→--- 2017 ---
    89→    89→                      Accessible |      Asset Sale | n=  4 | median=$     384,000 | max=$   1,320,000
    90→    90→                Alternative Fuel |      Asset Sale | n=  6 | median=$     400,000 | max=$   1,320,000
    91→    91→        Independent Unrestricted |      Asset Sale | n=  2 | median=$     475,000 | max=$     550,000
    92→    92→                    Unrestricted |      Asset Sale | n= 78 | median=$     355,500 | max=$   1,350,000
    93→    93→                    Unrestricted |  Stock Transfer | n= 15 | median=$     339,503 | max=$   1,393,434
    94→    94→
    95→    95→--- 2018 ---
    96→    96→                      Accessible |      Asset Sale | n= 61 | median=$     340,000 | max=$     750,000
    97→    97→                Alternative Fuel |      Asset Sale | n= 17 | median=$     340,000 | max=$     372,000
    98→    98→                    Unrestricted |      Asset Sale | n=492 | median=$     250,000 | max=$   1,050,000
    99→    99→                    Unrestricted |  Stock Transfer | n= 44 | median=$     363,741 | max=$   1,265,927
   100→   100→
   101→   101→================================================================================
   102→   102→3. ZERO-DOLLAR TRANSFERS ANALYSIS
   103→   103→================================================================================
   104→   104→
   105→   105→Total $0 transfers: 570
   106→   106→
   107→   107→By year:
   108→   108→year
   109→   109→2012    131
   110→   110→2013    115
   111→   111→2014     94
   112→   112→2015     63
   113→   113→2016     58
   114→   114→2017     48
   115→   115→2018     61
   116→   116→
   117→   117→By classification:
   118→   118→class_norm
   119→   119→Corporate Alternative Fuel      2
   120→   120→Corporate Unrestricted        210
   121→   121→Independent Unrestricted      257
   122→   122→Unrestricted                  101
   123→   123→
   124→   124→By sale type:
   125→   125→sale_type
   126→   126→Asset Sale        276
   127→   127→Stock Transfer    294
   128→   128→
   129→   129→Notes on $0 transfers:
   130→   130→notes
   131→   131→Estate                      103
   132→   132→2 Medallions                 82
   133→   133→2 medallions                 57
   134→   134→1                            42
   135→   135→Individual to LLC            28
   136→   136→ESTATE                       21
   137→   137→Family                       16
   138→   138→100% ESTATE 2 MEDALLIONS     14
   139→   139→0.5                          10
   140→   140→Individual to Corp.          10
   141→   141→2 medallions, 50 %            7
   142→   142→2 MEDALLIONS                  6
   143→   143→2 medallions 49%              6
   144→   144→3 Medallions                  6
   145→   145→0.1                           5
   146→   146→3 medallions                  5
   147→   147→0.11                          5
   148→   148→FORMING CORP                  4
   149→   149→IND TO CORP                   4
   150→   150→2 medallions, 50%             3
   151→   151→
   152→   152→================================================================================
   153→   153→4. FORECLOSURE AND DISTRESSED SALES
   154→   154→================================================================================
   155→   155→
   156→   156→Distressed transactions: 710
   157→   157→
   158→   158→By year:
   159→   159→year
   160→   160→2012      5
   161→   161→2013      1
   162→   162→2014     52
   163→   163→2015     40
   164→   164→2016     53
   165→   165→2017     62
   166→   166→2018    497
   167→   167→
   168→   168→Distressed notes breakdown:
   169→   169→notes
   170→   170→Foreclosure                 456
   171→   171→Estate                      116
   172→   172→Bankruptcy                   92
   173→   173→ESTATE                       21
   174→   174→100% ESTATE 2 MEDALLIONS     14
   175→   175→FORECLOSURE                   4
   176→   176→100% ESTATE 3 MEDALLIONS      1
   177→   177→Divorce Settlement            1
   178→   178→50% Foreclosure               1
   179→   179→50% Estate                    1
   180→   180→100% Foreclosure              1
   181→   181→25% Estate, 25% Sale          1
   182→   182→100% Estate                   1
   183→   183→
   184→   184→Distressed prices (where price > 0):
   185→   185→  Oct 2012 | Independent Unrestricted | $730,000 | Estate
   186→   186→  Sep 2014 | Independent Unrestricted | $900,000 | FORECLOSURE
   187→   187→  Oct 2014 | Corporate Unrestricted | $1,925,000 | FORECLOSURE
   188→   188→  Oct 2014 | Independent Unrestricted | $875,000 | FORECLOSURE
   189→   189→  Oct 2014 | Independent Unrestricted | $905,000 | FORECLOSURE
   190→   190→  Nov 2014 | Independent Unrestricted | $840,000 | Foreclosure
   191→   191→  Jan 2015 | Independent Unrestricted | $72,500 | Divorce Settlement
   192→   192→  Jan 2015 | Independent Unrestricted | $800,000 | Foreclosure
   193→   193→  May 2015 | Independent Unrestricted | $700,000 | Foreclosure
   194→   194→  Jun 2015 | Independent Accessible | $740,000 | Foreclosure
   195→   195→  Jun 2015 | Independent Unrestricted | $777,000 | Foreclosure
   196→   196→  Jun 2015 | Independent Unrestricted | $757,500 | Foreclosure
   197→   197→  Jul 2015 | Independent Unrestricted | $603,000 | Foreclosure
   198→   198→  Aug 2015 | Independent Unrestricted | $715,000 | Foreclosure
   199→   199→  Aug 2015 | Independent Unrestricted | $725,000 | Foreclosure
   200→   200→  Nov 2015 | Independent Unrestricted | $325,545 | Foreclosure
   201→   201→  Dec 2015 | Independent Unrestricted | $725,000 | Foreclosure
   202→   202→  Dec 2015 | Independent Unrestricted | $705,000 | Foreclosure
   203→   203→  Apr 2016 | Independent Unrestricted | $615,000 | Foreclosure
   204→   204→  May 2016 | Independent Unrestricted | $540,000 | Foreclosure
   205→   205→  May 2016 | Independent Unrestricted | $560,000 | Foreclosure
   206→   206→  Jun 2016 | Independent Unrestricted | $525,000 | Estate
   207→   207→  Jun 2016 | Independent Unrestricted | $610,000 | Foreclosure
   208→   208→  Jun 2016 | Independent Unrestricted | $550,000 | Foreclosure
   209→   209→  Jun 2016 | Independent Unrestricted | $570,000 | Foreclosure
   210→   210→  Jun 2016 | Independent Unrestricted | $572,500 | Foreclosure
   211→   211→  Jul 2016 | Independent Unrestricted | $620,000 | Foreclosure
   212→   212→  Jul 2016 | Independent Unrestricted | $550,000 | Foreclosure
   213→   213→  Jul 2016 | Independent Unrestricted | $620,000 | Foreclosure
   214→   214→  Aug 2016 | Independent Unrestricted | $620,000 | Foreclosure
   215→   215→  Aug 2016 | Independent Unrestricted | $598,000 | Foreclosure
   216→   216→  Aug 2016 | Corporate Unrestricted | $1,500,000 | Foreclosure
   217→   217→  Aug 2016 | Corporate Unrestricted | $1,500,000 | Foreclosure
   218→   218→  Aug 2016 | Corporate Unrestricted | $1,500,000 | Foreclosure
   219→   219→  Sep 2016 | Corporate Unrestricted | $1,250,000 | Foreclosure
   220→   220→  Sep 2016 | Corporate Alternative Fuel | $1,250,000 | Foreclosure
   221→   221→  Sep 2016 | Corporate Unrestricted | $1,250,000 | Foreclosure
   222→   222→  Sep 2016 | Corporate Unrestricted | $1,250,000 | Foreclosure
   223→   223→  Sep 2016 | Corporate Unrestricted | $1,250,000 | Foreclosure
   224→   224→  Sep 2016 | Corporate Unrestricted | $1,250,000 | Foreclosure
   225→   225→  Sep 2016 | Corporate Alternative Fuel | $1,250,000 | Foreclosure
   226→   226→  Sep 2016 | Corporate Alternative Fuel | $1,250,000 | Foreclosure
   227→   227→  Oct 2016 | Independent Unrestricted | $600,000 | Foreclosure
   228→   228→  Nov 2016 | Independent Unrestricted | $500,000 | Estate
   229→   229→  Dec 2016 | Independent Unrestricted | $480,000 | Estate
   230→   230→  Dec 2016 | Independent Unrestricted | $600,000 | Foreclosure
   231→   231→  Dec 2016 | Independent Unrestricted | $550,000 | Foreclosure
   232→   232→  Feb 2017 | Independent Unrestricted | $400,000 | Estate
   233→   233→  Feb 2017 | Independent Unrestricted | $550,000 | Foreclosure
   234→   234→  Apr 2017 | Alternative Fuel | $425,000 | Foreclosure
   235→   235→  May 2017 | Unrestricted | $500,000 | Foreclosure
   236→   236→  May 2017 | Unrestricted | $750,000 | Foreclosure
   237→   237→  May 2017 | Unrestricted | $737,591 | 50% Foreclosure
   238→   238→  May 2017 | Unrestricted | $235,000 | Estate
   239→   239→  May 2017 | Unrestricted | $750,000 | Foreclosure
   240→   240→  Jun 2017 | Unrestricted | $475,000 | Foreclosure
   241→   241→  Jun 2017 | Unrestricted | $220,000 | Foreclosure
   242→   242→  Jun 2017 | Unrestricted | $220,000 | Foreclosure
   243→   243→  Jun 2017 | Unrestricted | $219,500 | Foreclosure
   244→   244→  Jul 2017 | Accessible | $468,000 | Foreclosure
   245→   245→  Jul 2017 | Unrestricted | $580,521 | Foreclosure
   246→   246→  Jul 2017 | Unrestricted | $468,000 | Foreclosure
   247→   247→  Jul 2017 | Unrestricted | $468,000 | Foreclosure
   248→   248→  Jul 2017 | Unrestricted | $468,000 | Foreclosure
   249→   249→  Jul 2017 | Unrestricted | $468,000 | Foreclosure
   250→   250→  Jul 2017 | Unrestricted | $400,000 | Foreclosure
   251→   251→  Jul 2017 | Unrestricted | $468,000 | Foreclosure
   252→   252→  Aug 2017 | Unrestricted | $400,000 | Foreclosure
   253→   253→  Aug 2017 | Unrestricted | $400,000 | Foreclosure
   254→   254→  Aug 2017 | Unrestricted | $400,000 | Foreclosure
   255→   255→  Aug 2017 | Unrestricted | $400,000 | Foreclosure
   256→   256→  Aug 2017 | Unrestricted | $800,000 | Foreclosure
   257→   257→  Aug 2017 | Alternative Fuel | $400,000 | Foreclosure
   258→   258→  Aug 2017 | Alternative Fuel | $400,000 | Foreclosure
   259→   259→  Aug 2017 | Unrestricted | $900,000 | Foreclosure
   260→   260→  Aug 2017 | Unrestricted | $800,000 | Foreclosure
   261→   261→  Sep 2017 | Unrestricted | $400,000 | Foreclosure
   262→   262→  Sep 2017 | Unrestricted | $403,202 | 100% Foreclosure
   263→   263→  Sep 2017 | Alternative Fuel | $185,000 | Foreclosure
   264→   264→  Oct 2017 | Unrestricted | $1,350,000 | Foreclosure
   265→   265→  Oct 2017 | Unrestricted | $200,000 | Foreclosure
   266→   266→  Oct 2017 | Unrestricted | $200,000 | Foreclosure
   267→   267→  Oct 2017 | Unrestricted | $200,000 | Foreclosure
   268→   268→  Nov 2017 | Unrestricted | $150,000 | Estate
   269→   269→  Nov 2017 | Unrestricted | $750,000 | Foreclosure
   270→   270→  Nov 2017 | Unrestricted | $750,000 | Foreclosure
   271→   271→  Nov 2017 | Unrestricted | $100,000 | 25% Estate, 25% Sale
   272→   272→  Dec 2017 | Alternative Fuel | $210,000 | Foreclosure
   273→   273→  Dec 2017 | Unrestricted | $400,000 | Foreclosure
   274→   274→  Dec 2017 | Unrestricted | $750,000 | Foreclosure
   275→   275→  Dec 2017 | Unrestricted | $160,000 | Estate
   276→   276→  Jan 2018 | Alternative Fuel | $372,000 | Bankruptcy
   277→   277→  Jan 2018 | Alternative Fuel | $372,000 | Bankruptcy
   278→   278→  Jan 2018 | Unrestricted | $170,000 | Foreclosure
   279→   279→  Jan 2018 | Unrestricted | $170,000 | Estate
   280→   280→  Jan 2018 | Unrestricted | $176,000 | Estate
   281→   281→  Jan 2018 | Unrestricted | $245,000 | Estate
   282→   282→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   283→   283→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   284→   284→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   285→   285→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   286→   286→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   287→   287→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   288→   288→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   289→   289→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   290→   290→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   291→   291→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   292→   292→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   293→   293→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   294→   294→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   295→   295→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   296→   296→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   297→   297→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   298→   298→  Jan 2018 | Unrestricted | $372,000 | Bankruptcy
   299→   299→  Jan 2018 | Unrestricted | $120,000 | Foreclosure
   300→   300→  Jan 2018 | Alternative Fuel | $372,000 | Bankruptcy

... (100 more lines truncated)
Read
/Users/nrh146/.claude/projects/-Users-nrh146-Documents-agentic-investigation-newsworthiness-dataonly/3f5cd1d9-9d60-4f34-8bf6-106a8ad8d40d/tool-results/toolu_01Qj6vsY7kFy1moHLbwy3Q56.txt
Output
   400→   400→  Jul 2018 | Unrestricted | $160,000 | Foreclosure
   401→   401→  Jul 2018 | Unrestricted | $360,000 | Foreclosure
   402→   402→  Jul 2018 | Unrestricted | $225,000 | Foreclosure
   403→   403→  Jul 2018 | Unrestricted | $225,000 | Foreclosure
   404→   404→  Jul 2018 | Unrestricted | $320,000 | Foreclosure
   405→   405→  Jul 2018 | Unrestricted | $250,000 | Foreclosure
   406→   406→  Jul 2018 | Unrestricted | $250,000 | Foreclosure
   407→   407→  Jul 2018 | Unrestricted | $250,000 | Foreclosure
   408→   408→  Jul 2018 | Unrestricted | $310,000 | Foreclosure
   409→   409→  Jul 2018 | Unrestricted | $260,000 | Foreclosure
   410→   410→  Aug 2018 | Unrestricted | $225,000 | Foreclosure
   411→   411→  Aug 2018 | Unrestricted | $225,000 | Foreclosure
   412→   412→  Aug 2018 | Unrestricted | $330,000 | Foreclosure
   413→   413→  Aug 2018 | Unrestricted | $325,000 | Foreclosure
   414→   414→  Aug 2018 | Unrestricted | $310,000 | Foreclosure
   415→   415→  Aug 2018 | Unrestricted | $260,000 | Foreclosure
   416→   416→  Aug 2018 | Unrestricted | $260,000 | Foreclosure
   417→   417→  Aug 2018 | Unrestricted | $225,000 | Foreclosure
   418→   418→  Aug 2018 | Unrestricted | $275,000 | Foreclosure
   419→   419→  Aug 2018 | Accessible | $225,000 | Foreclosure
   420→   420→  Aug 2018 | Accessible | $225,000 | Foreclosure
   421→   421→  Aug 2018 | Accessible | $225,000 | Foreclosure
   422→   422→  Aug 2018 | Accessible | $225,000 | Foreclosure
   423→   423→  Aug 2018 | Accessible | $225,000 | Foreclosure
   424→   424→  Aug 2018 | Accessible | $225,000 | Foreclosure
   425→   425→  Aug 2018 | Accessible | $225,000 | Foreclosure
   426→   426→  Aug 2018 | Unrestricted | $600,000 | Foreclosure
   427→   427→  Aug 2018 | Unrestricted | $360,000 | Foreclosure
   428→   428→  Aug 2018 | Unrestricted | $350,000 | Foreclosure
   429→   429→  Aug 2018 | Accessible | $350,000 | Foreclosure
   430→   430→  Aug 2018 | Accessible | $225,000 | Foreclosure
   431→   431→  Aug 2018 | Unrestricted | $225,000 | Foreclosure
   432→   432→  Aug 2018 | Unrestricted | $225,000 | Foreclosure
   433→   433→  Aug 2018 | Unrestricted | $160,000 | Foreclosure
   434→   434→  Aug 2018 | Unrestricted | $160,000 | Foreclosure
   435→   435→  Aug 2018 | Unrestricted | $158,000 | Foreclosure
   436→   436→  Aug 2018 | Unrestricted | $180,000 | Foreclosure
   437→   437→  Aug 2018 | Unrestricted | $225,000 | Foreclosure
   438→   438→  Aug 2018 | Unrestricted | $180,000 | Foreclosure
   439→   439→  Aug 2018 | Unrestricted | $180,000 | Foreclosure
   440→   440→  Aug 2018 | Unrestricted | $180,000 | Foreclosure
   441→   441→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   442→   442→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   443→   443→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   444→   444→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   445→   445→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   446→   446→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   447→   447→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   448→   448→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   449→   449→  Aug 2018 | Unrestricted | $200,000 | Foreclosure
   450→   450→  Aug 2018 | Unrestricted | $210,000 | Foreclosure
   451→   451→  Aug 2018 | Unrestricted | $195,000 | Foreclosure
   452→   452→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   453→   453→  Sep 2018 | Unrestricted | $250,000 | Foreclosure
   454→   454→  Sep 2018 | Unrestricted | $235,000 | Foreclosure
   455→   455→  Sep 2018 | Unrestricted | $235,000 | Foreclosure
   456→   456→  Sep 2018 | Unrestricted | $235,000 | Foreclosure
   457→   457→  Sep 2018 | Unrestricted | $235,000 | Foreclosure
   458→   458→  Sep 2018 | Unrestricted | $230,000 | Foreclosure
   459→   459→  Sep 2018 | Unrestricted | $230,000 | Foreclosure
   460→   460→  Sep 2018 | Unrestricted | $230,000 | Foreclosure
   461→   461→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   462→   462→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   463→   463→  Sep 2018 | Unrestricted | $310,000 | Foreclosure
   464→   464→  Sep 2018 | Unrestricted | $230,000 | Foreclosure
   465→   465→  Sep 2018 | Unrestricted | $230,000 | Foreclosure
   466→   466→  Sep 2018 | Unrestricted | $650,000 | Foreclosure
   467→   467→  Sep 2018 | Unrestricted | $650,000 | Foreclosure
   468→   468→  Sep 2018 | Unrestricted | $650,000 | Foreclosure
   469→   469→  Sep 2018 | Unrestricted | $650,000 | Foreclosure
   470→   470→  Sep 2018 | Unrestricted | $650,000 | Foreclosure
   471→   471→  Sep 2018 | Unrestricted | $650,000 | Foreclosure
   472→   472→  Sep 2018 | Accessible | $225,000 | Foreclosure
   473→   473→  Sep 2018 | Accessible | $225,000 | Foreclosure
   474→   474→  Sep 2018 | Accessible | $225,000 | Foreclosure
   475→   475→  Sep 2018 | Accessible | $225,000 | Foreclosure
   476→   476→  Sep 2018 | Accessible | $225,000 | Foreclosure
   477→   477→  Sep 2018 | Accessible | $225,000 | Foreclosure
   478→   478→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   479→   479→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   480→   480→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   481→   481→  Sep 2018 | Unrestricted | $160,000 | Foreclosure
   482→   482→  Sep 2018 | Unrestricted | $175,000 | Foreclosure
   483→   483→  Sep 2018 | Unrestricted | $175,000 | Foreclosure
   484→   484→  Sep 2018 | Unrestricted | $180,000 | Foreclosure
   485→   485→  Sep 2018 | Unrestricted | $200,000 | Foreclosure
   486→   486→  Sep 2018 | Unrestricted | $200,000 | Foreclosure
   487→   487→  Sep 2018 | Unrestricted | $210,000 | Foreclosure
   488→   488→  Sep 2018 | Unrestricted | $210,000 | Foreclosure
   489→   489→  Sep 2018 | Unrestricted | $215,000 | Foreclosure
   490→   490→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   491→   491→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   492→   492→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   493→   493→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   494→   494→  Sep 2018 | Unrestricted | $225,000 | Foreclosure
   495→   495→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   496→   496→  Oct 2018 | Unrestricted | $235,000 | Foreclosure
   497→   497→  Oct 2018 | Unrestricted | $235,000 | Foreclosure
   498→   498→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   499→   499→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   500→   500→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   501→   501→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   502→   502→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   503→   503→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   504→   504→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   505→   505→  Oct 2018 | Unrestricted | $230,000 | Foreclosure
   506→   506→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   507→   507→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   508→   508→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   509→   509→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   510→   510→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   511→   511→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   512→   512→  Oct 2018 | Unrestricted | $195,000 | Foreclosure
   513→   513→  Oct 2018 | Unrestricted | $195,000 | Foreclosure
   514→   514→  Oct 2018 | Unrestricted | $200,000 | Foreclosure
   515→   515→  Oct 2018 | Unrestricted | $200,000 | Foreclosure
   516→   516→  Oct 2018 | Unrestricted | $200,000 | Foreclosure
   517→   517→  Oct 2018 | Unrestricted | $200,000 | Foreclosure
   518→   518→  Oct 2018 | Unrestricted | $200,000 | Foreclosure
   519→   519→  Oct 2018 | Unrestricted | $210,000 | Foreclosure
   520→   520→  Oct 2018 | Unrestricted | $210,000 | Foreclosure
   521→   521→  Oct 2018 | Unrestricted | $210,000 | Foreclosure
   522→   522→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   523→   523→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   524→   524→  Oct 2018 | Unrestricted | $225,000 | Foreclosure
   525→   525→  Oct 2018 | Unrestricted | $200,000 | Foreclosure
   526→   526→  Oct 2018 | Unrestricted | $600,000 | Foreclosure
   527→   527→  Oct 2018 | Unrestricted | $600,000 | Foreclosure
   528→   528→  Oct 2018 | Unrestricted | $600,000 | Foreclosure
   529→   529→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   530→   530→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   531→   531→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   532→   532→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   533→   533→  Oct 2018 | Unrestricted | $340,000 | Foreclosure
   534→   534→  Oct 2018 | Unrestricted | $340,000 | Foreclosure
   535→   535→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   536→   536→  Oct 2018 | Unrestricted | $310,000 | Foreclosure
   537→   537→  Oct 2018 | Unrestricted | $260,000 | Foreclosure
   538→   538→  Oct 2018 | Unrestricted | $250,000 | Foreclosure
   539→   539→  Oct 2018 | Unrestricted | $250,000 | Foreclosure
   540→   540→  Oct 2018 | Unrestricted | $250,000 | Foreclosure
   541→   541→  Oct 2018 | Unrestricted | $250,000 | Foreclosure
   542→   542→  Oct 2018 | Unrestricted | $250,000 | Foreclosure
   543→   543→  Oct 2018 | Unrestricted | $300,000 | Foreclosure
   544→   544→  Oct 2018 | Unrestricted | $195,000 | Foreclosure
   545→   545→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   546→   546→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   547→   547→  Oct 2018 | Unrestricted | $600,000 | Foreclosure
   548→   548→  Oct 2018 | Unrestricted | $600,000 | Foreclosure
   549→   549→  Oct 2018 | Unrestricted | $600,000 | Foreclosure
   550→   550→  Oct 2018 | Unrestricted | $460,000 | Foreclosure
   551→   551→  Oct 2018 | Unrestricted | $460,000 | Foreclosure
   552→   552→  Oct 2018 | Unrestricted | $460,000 | Foreclosure
   553→   553→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   554→   554→  Oct 2018 | Unrestricted | $460,000 | Foreclosure
   555→   555→  Oct 2018 | Unrestricted | $460,000 | Foreclosure
   556→   556→  Oct 2018 | Unrestricted | $460,000 | Foreclosure
   557→   557→  Oct 2018 | Unrestricted | $450,000 | Foreclosure
   558→   558→  Oct 2018 | Unrestricted | $350,000 | Foreclosure
   559→   559→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   560→   560→  Oct 2018 | Unrestricted | $343,750 | Foreclosure
   561→   561→  Oct 2018 | Unrestricted | $460,000 | Foreclosure
   562→   562→  Oct 2018 | Unrestricted | $250,000 | Foreclosure
   563→   563→  Oct 2018 | Unrestricted | $180,000 | Foreclosure
   564→   564→  Oct 2018 | Unrestricted | $180,000 | Foreclosure
   565→   565→  Oct 2018 | Unrestricted | $235,000 | Foreclosure
   566→   566→  Oct 2018 | Unrestricted | $135,000 | Foreclosure
   567→   567→  Nov 2018 | Alternative Fuel | $360,000 | Foreclosure
   568→   568→  Nov 2018 | Alternative Fuel | $350,000 | Foreclosure
   569→   569→  Nov 2018 | Alternative Fuel | $350,000 | Foreclosure
   570→   570→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   571→   571→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   572→   572→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   573→   573→  Nov 2018 | Accessible | $225,000 | Foreclosure
   574→   574→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   575→   575→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   576→   576→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   577→   577→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   578→   578→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   579→   579→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   580→   580→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   581→   581→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   582→   582→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   583→   583→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   584→   584→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   585→   585→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   586→   586→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   587→   587→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   588→   588→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   589→   589→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   590→   590→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   591→   591→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   592→   592→  Nov 2018 | Accessible | $340,000 | Bankruptcy
   593→   593→  Nov 2018 | Alternative Fuel | $340,000 | Bankruptcy
   594→   594→  Nov 2018 | Unrestricted | $700,000 | Foreclosure
   595→   595→  Nov 2018 | Unrestricted | $700,000 | Foreclosure
   596→   596→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   597→   597→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   598→   598→  Nov 2018 | Unrestricted | $340,000 | Foreclosure
   599→   599→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   600→   600→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   601→   601→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   602→   602→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   603→   603→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   604→   604→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   605→   605→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   606→   606→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   607→   607→  Nov 2018 | Unrestricted | $1,050,000 | Foreclosure
   608→   608→  Nov 2018 | Unrestricted | $350,000 | Foreclosure
   609→   609→  Nov 2018 | Unrestricted | $432,000 | Foreclosure
   610→   610→  Nov 2018 | Unrestricted | $460,000 | Foreclosure
   611→   611→  Nov 2018 | Unrestricted | $500,000 | Bankruptcy
   612→   612→  Nov 2018 | Unrestricted | $500,000 | Bankruptcy
   613→   613→  Nov 2018 | Unrestricted | $500,000 | Bankruptcy
   614→   614→  Nov 2018 | Unrestricted | $500,000 | Bankruptcy
   615→   615→  Nov 2018 | Unrestricted | $510,000 | Bankruptcy
   616→   616→  Nov 2018 | Unrestricted | $600,000 | Foreclosure
   617→   617→  Nov 2018 | Unrestricted | $700,000 | Foreclosure
   618→   618→  Nov 2018 | Unrestricted | $700,000 | Foreclosure
   619→   619→  Nov 2018 | Unrestricted | $502,000 | Foreclosure
   620→   620→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   621→   621→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   622→   622→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   623→   623→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   624→   624→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   625→   625→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   626→   626→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   627→   627→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   628→   628→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   629→   629→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   630→   630→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   631→   631→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   632→   632→  Nov 2018 | Unrestricted | $296,000 | Foreclosure
   633→   633→  Nov 2018 | Unrestricted | $235,000 | Foreclosure
   634→   634→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   635→   635→  Nov 2018 | Unrestricted | $235,000 | Foreclosure
   636→   636→  Nov 2018 | Unrestricted | $235,000 | Foreclosure
   637→   637→  Nov 2018 | Unrestricted | $230,000 | Foreclosure
   638→   638→  Nov 2018 | Unrestricted | $210,000 | Foreclosure
   639→   639→  Nov 2018 | Unrestricted | $200,000 | Foreclosure
   640→   640→  Nov 2018 | Unrestricted | $190,000 | Foreclosure
   641→   641→  Nov 2018 | Unrestricted | $182,000 | Foreclosure
   642→   642→  Nov 2018 | Unrestricted | $160,000 | Foreclosure
   643→   643→  Nov 2018 | Unrestricted | $155,000 | Foreclosure
   644→   644→  Nov 2018 | Unrestricted | $235,000 | Foreclosure
   645→   645→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   646→   646→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   647→   647→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   648→   648→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   649→   649→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   650→   650→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   651→   651→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   652→   652→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   653→   653→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   654→   654→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   655→   655→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   656→   656→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   657→   657→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   658→   658→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   659→   659→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   660→   660→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   661→   661→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   662→   662→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   663→   663→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   664→   664→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   665→   665→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   666→   666→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   667→   667→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   668→   668→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   669→   669→  Nov 2018 | Unrestricted | $340,000 | Bankruptcy
   670→   670→  Dec 2018 | Accessible | $700,000 | Foreclosure
   671→   671→  Dec 2018 | Accessible | $300,000 | Foreclosure
   672→   672→  Dec 2018 | Accessible | $300,000 | Foreclosure
   673→   673→  Dec 2018 | Accessible | $700,000 | Foreclosure
   674→   674→  Dec 2018 | Accessible | $700,000 | Foreclosure
   675→   675→  Dec 2018 | Accessible | $700,000 | Foreclosure
   676→   676→  Dec 2018 | Accessible | $700,000 | Foreclosure
   677→   677→  Dec 2018 | Accessible | $700,000 | Foreclosure
   678→   678→  Dec 2018 | Accessible | $700,000 | Foreclosure
   679→   679→  Dec 2018 | Accessible | $700,000 | Foreclosure
   680→   680→  Dec 2018 | Unrestricted | $145,000 | Foreclosure
   681→   681→  Dec 2018 | Unrestricted | $225,000 | Foreclosure
   682→   682→  Dec 2018 | Unrestricted | $165,000 | Foreclosure
   683→   683→  Dec 2018 | Unrestricted | $440,000 | Foreclosure
   684→   684→  Dec 2018 | Unrestricted | $440,000 | Foreclosure
   685→   685→  Dec 2018 | Unrestricted | $440,000 | Foreclosure
   686→   686→  Dec 2018 | Unrestricted | $500,000 | Foreclosure
   687→   687→  Dec 2018 | Unrestricted | $500,000 | Foreclosure
   688→   688→  Dec 2018 | Unrestricted | $500,000 | Foreclosure
   689→   689→  Dec 2018 | Unrestricted | $350,000 | Foreclosure
   690→   690→  Dec 2018 | Unrestricted | $500,000 | Foreclosure
   691→   691→  Dec 2018 | Unrestricted | $700,000 | Foreclosure
   692→   692→  Dec 2018 | Unrestricted | $700,000 | Foreclosure
   693→   693→  Dec 2018 | Unrestricted | $700,000 | Foreclosure
   694→   694→  Dec 2018 | Unrestricted | $700,000 | Foreclosure
   695→   695→  Dec 2018 | Unrestricted | $700,000 | Foreclosure
   696→   696→  Dec 2018 | Unrestricted | $700,000 | Foreclosure
   697→   697→  Dec 2018 | Alternative Fuel | $210,000 | Foreclosure
   698→   698→  Dec 2018 | Unrestricted | $600,000 | Foreclosure
   699→   699→  Dec 2018 | Unrestricted | $350,000 | Foreclosure

... (200 more lines truncated)
Read
/Users/nrh146/.claude/projects/-Users-nrh146-Documents-agentic-investigation-newsworthiness-dataonly/3f5cd1d9-9d60-4f34-8bf6-106a8ad8d40d/tool-results/toolu_01Qj6vsY7kFy1moHLbwy3Q56.txt
Output
   900→   900→  '3 Medallions': 9 occurrences
   901→   901→  '3 medallions': 6 occurrences
   902→   902→  '3 medallions, 33%': 1 occurrences
   903→   903→  '33.00%': 1 occurrences
   904→   904→  '4 Medallions -  50%': 1 occurrences
   905→   905→  '4 medallions': 3 occurrences
   906→   906→  '5 medallons': 1 occurrences
   907→   907→  '5%': 1 occurrences
   908→   908→  '50 percent': 20 occurrences
   909→   909→  '50%': 14 occurrences
   910→   910→  '50% 2 MEDALLIONS': 1 occurrences
   911→   911→  '50% Estate': 1 occurrences
   912→   912→  '50% Foreclosure': 1 occurrences
   913→   913→  '50%, 2 medallions': 1 occurrences
   914→   914→  '50%, 3 medallions': 1 occurrences
   915→   915→  '50.00%': 6 occurrences
   916→   916→  '80%': 1 occurrences
   917→   917→  '9%': 1 occurrences
   918→   918→  '95%': 1 occurrences
   919→   919→  'BUYING 1%': 1 occurrences
   920→   920→  'Bankruptcy': 92 occurrences
   921→   921→  'CORP SELLING 10%': 1 occurrences
   922→   922→  'Conditional Sale - 2 Med': 1 occurrences
   923→   923→  'DOF WAIVER': 6 occurrences
   924→   924→  'Divorce Settlement': 1 occurrences
   925→   925→  'ESTATE': 21 occurrences
   926→   926→  'Estate': 116 occurrences
   927→   927→  'FORECLOSURE': 4 occurrences
   928→   928→  'FORM CORP SELLING %': 1 occurrences
   929→   929→  'FORMING CORP': 4 occurrences
   930→   930→  'FORMING PARNTERHIP': 2 occurrences
   931→   931→  'Family': 19 occurrences
   932→   932→  'Foreclosure': 456 occurrences
   933→   933→  'IND TO CORP': 4 occurrences
   934→   934→  'IND TO CORP - 50% SALE': 1 occurrences
   935→   935→  'INDIVIDUAL TO CORP': 1 occurrences
   936→   936→  'Individual to Corp.': 10 occurrences
   937→   937→  'Individual to LLC': 28 occurrences
   938→   938→  'Individual to Partnership': 1 occurrences
   939→   939→  'LLC - 45% Sale': 1 occurrences
   940→   940→  'PARTNERSHIP SPLIT': 3 occurrences
   941→   941→  'Partnership': 1 occurrences
   942→   942→  'Partnership Split': 8 occurrences
   943→   943→  'SELLING 10%': 4 occurrences
   944→   944→  'SELLING 5%': 1 occurrences
   945→   945→  'SELLING 50%': 2 occurrences
   946→   946→
   947→   947→================================================================================
   948→   948→8. INDIVIDUAL TO LLC TRANSFERS
   949→   949→================================================================================
   950→   950→
   951→   951→Individual-to-LLC transfers: 29
   952→   952→By year: year
   953→   953→2013    4
   954→   954→2014    4
   955→   955→2015    9
   956→   956→2016    5
   957→   957→2017    4
   958→   958→2018    3
   959→   959→Prices: count        29.000000
   960→   960→mean      13436.473448
   961→   961→std       72357.623946
   962→   962→min           0.000000
   963→   963→25%           0.000000
   964→   964→50%           0.000000
   965→   965→75%           0.000000
   966→   966→max      389657.730000
   967→   967→
   968→   968→================================================================================
   969→   969→9. PRICE COLLAPSE TIMELINE - peak to trough
   970→   970→================================================================================
   971→   971→
   972→   972→Monthly max price (Unrestricted Asset Sales):
   973→   973→  Jan 2012: max=$     710,000 median=$   700,000 (n=8)
   974→   974→  Feb 2012: max=$     715,000 median=$   700,000 (n=8)
   975→   975→  Mar 2012: max=$     705,000 median=$   700,000 (n=9)
   976→   976→  Apr 2012: max=$     710,000 median=$   700,000 (n=11)
   977→   977→  May 2012: max=$     710,000 median=$   700,000 (n=15)
   978→   978→  Jun 2012: max=$     712,000 median=$   702,500 (n=12)
   979→   979→  Jul 2012: max=$     710,000 median=$   702,500 (n=12)
   980→   980→  Aug 2012: max=$     750,000 median=$   710,000 (n=15)
   981→   981→  Sep 2012: max=$     740,000 median=$   705,000 (n=9)
   982→   982→  Oct 2012: max=$     760,000 median=$   732,000 (n=3)
   983→   983→  Nov 2012: max=$     800,000 median=$   750,000 (n=3)
   984→   984→  Dec 2012: max=$     850,000 median=$   800,000 (n=9)
   985→   985→  Jan 2013: max=$     799,999 median=$   581,250 (n=2)
   986→   986→  Feb 2013: max=$     920,000 median=$   847,500 (n=6)
   987→   987→  Mar 2013: max=$     950,000 median=$   850,000 (n=12)
   988→   988→  Apr 2013: max=$   1,005,000 median=$   950,000 (n=8)
   989→   989→  May 2013: max=$   1,040,000 median=$ 1,000,000 (n=9)
   990→   990→  Jun 2013: max=$   1,100,000 median=$ 1,040,000 (n=9)
   991→   991→  Jul 2013: max=$   1,050,000 median=$ 1,005,000 (n=4)
   992→   992→  Aug 2013: max=$   1,050,000 median=$ 1,000,000 (n=5)
   993→   993→  Sep 2013: max=$   1,000,000 median=$   700,000 (n=4)
   994→   994→  Oct 2013: max=$   1,000,000 median=$   962,500 (n=4)
   995→   995→  Nov 2013: max=$     925,000 median=$   900,000 (n=2)
   996→   996→  Dec 2013: max=$     980,000 median=$   922,500 (n=8)
   997→   997→  Jan 2014: max=$   1,050,000 median=$   962,500 (n=8)
   998→   998→  Feb 2014: max=$   1,000,000 median=$   980,000 (n=10)
   999→   999→  Mar 2014: max=$   1,050,000 median=$ 1,000,000 (n=7)
  1000→  1000→  Apr 2014: max=$   1,050,000 median=$ 1,010,000 (n=9)
  1001→  1001→  May 2014: max=$   1,050,000 median=$   990,000 (n=10)
  1002→  1002→  Jun 2014: max=$   1,050,000 median=$ 1,000,000 (n=5)
  1003→  1003→  Jul 2014: max=$   1,025,000 median=$ 1,000,000 (n=4)
  1004→  1004→  Aug 2014: max=$   1,000,000 median=$   905,000 (n=6)
  1005→  1005→  Sep 2014: max=$     900,000 median=$   900,000 (n=1)
  1006→  1006→  Oct 2014: max=$     905,000 median=$   875,000 (n=3)
  1007→  1007→  Nov 2014: max=$     850,000 median=$   835,000 (n=4)
  1008→  1008→  Dec 2014: max=$     810,000 median=$   805,000 (n=2)
  1009→  1009→  Jan 2015: max=$     800,000 median=$   436,250 (n=2)
  1010→  1010→  Mar 2015: max=$     800,000 median=$   600,000 (n=4)
  1011→  1011→  May 2015: max=$     700,000 median=$   700,000 (n=1)
  1012→  1012→  Jun 2015: max=$     777,000 median=$   767,250 (n=2)
  1013→  1013→  Jul 2015: max=$     603,000 median=$   603,000 (n=1)
  1014→  1014→  Aug 2015: max=$     725,000 median=$   715,000 (n=4)
  1015→  1015→  Sep 2015: max=$     715,000 median=$   481,696 (n=2)
  1016→  1016→  Oct 2015: max=$     675,000 median=$   512,500 (n=2)
  1017→  1017→  Nov 2015: max=$     325,545 median=$   325,545 (n=1)
  1018→  1018→  Dec 2015: max=$     725,000 median=$   715,000 (n=2)
  1019→  1019→  Apr 2016: max=$     615,000 median=$   470,000 (n=2)
  1020→  1020→  May 2016: max=$     560,000 median=$   540,000 (n=3)
  1021→  1021→  Jun 2016: max=$     610,000 median=$   572,500 (n=7)
  1022→  1022→  Jul 2016: max=$     620,000 median=$   620,000 (n=3)
  1023→  1023→  Aug 2016: max=$     620,000 median=$   584,000 (n=4)
  1024→  1024→  Oct 2016: max=$     600,000 median=$   600,000 (n=1)
  1025→  1025→  Nov 2016: max=$     500,000 median=$   500,000 (n=1)
  1026→  1026→  Dec 2016: max=$     600,000 median=$   515,000 (n=4)
  1027→  1027→  Feb 2017: max=$     550,000 median=$   475,000 (n=2)
  1028→  1028→  Mar 2017: max=$     241,000 median=$   241,000 (n=1)
  1029→  1029→  May 2017: max=$     750,000 median=$   400,000 (n=8)
  1030→  1030→  Jun 2017: max=$     475,000 median=$   220,000 (n=9)
  1031→  1031→  Jul 2017: max=$     580,521 median=$   468,000 (n=9)
  1032→  1032→  Aug 2017: max=$     900,000 median=$   400,000 (n=11)
  1033→  1033→  Sep 2017: max=$     400,000 median=$   255,744 (n=3)
  1034→  1034→  Oct 2017: max=$   1,350,000 median=$   400,000 (n=17)
  1035→  1035→  Nov 2017: max=$     750,000 median=$   350,000 (n=9)
  1036→  1036→  Dec 2017: max=$     800,000 median=$   200,000 (n=11)
  1037→  1037→  Jan 2018: max=$     380,000 median=$   372,000 (n=30)
  1038→  1038→  Feb 2018: max=$     750,000 median=$   400,000 (n=18)
  1039→  1039→  Mar 2018: max=$     700,000 median=$   350,000 (n=16)
  1040→  1040→  Apr 2018: max=$     700,000 median=$   185,000 (n=18)
  1041→  1041→  May 2018: max=$     800,000 median=$   200,000 (n=26)
  1042→  1042→  Jun 2018: max=$     700,000 median=$   275,000 (n=38)
  1043→  1043→  Jul 2018: max=$   1,000,000 median=$   225,000 (n=25)
  1044→  1044→  Aug 2018: max=$     600,000 median=$   200,000 (n=42)
  1045→  1045→  Sep 2018: max=$     650,000 median=$   225,000 (n=45)
  1046→  1046→  Oct 2018: max=$     600,000 median=$   235,000 (n=77)
  1047→  1047→  Nov 2018: max=$   1,050,000 median=$   340,000 (n=83)
  1048→  1048→  Dec 2018: max=$     700,000 median=$   225,000 (n=74)
  1049→  1049→
  1050→  1050→================================================================================
  1051→  1051→10. ACCESSIBLE MEDALLION PRICES
  1052→  1052→================================================================================
  1053→  1053→
  1054→  1054→Accessible medallion sales: 78
  1055→  1055→  Feb 2012 | Independent Accessible | Asset Sale | $660,000 | nan
  1056→  1056→  Apr 2012 | Independent Accessible | Asset Sale | $650,000 | nan
  1057→  1057→  Aug 2012 | Independent Accessible | Asset Sale | $650,000 | nan
  1058→  1058→  Sep 2012 | Independent Accessible | Asset Sale | $652,000 | nan
  1059→  1059→  Oct 2012 | Independent Accessible | Asset Sale | $650,000 | nan
  1060→  1060→  Nov 2012 | Independent Accessible | Asset Sale | $670,000 | nan
  1061→  1061→  Nov 2012 | Independent Accessible | Asset Sale | $650,000 | nan
  1062→  1062→  Nov 2012 | Independent Accessible | Asset Sale | $650,000 | nan
  1063→  1063→  Dec 2012 | Independent Accessible | Asset Sale | $337,500 | 50 percent
  1064→  1064→  Jun 2014 | Independent Accessible | Asset Sale | $875,000 | nan
  1065→  1065→  Oct 2014 | Independent Accessible | Asset Sale | $409,838 | IND TO CORP - 50% SALE
  1066→  1066→  May 2015 | Independent Accessible | Stock Transfer | $15,000 | 0.1
  1067→  1067→  Jun 2015 | Independent Accessible | Asset Sale | $740,000 | Foreclosure
  1068→  1068→  Jul 2017 | Accessible | Asset Sale | $468,000 | Foreclosure
  1069→  1069→  Aug 2017 | Accessible | Asset Sale | $300,000 | nan
  1070→  1070→  Sep 2017 | Accessible | Asset Sale | $1,320,000 | nan
  1071→  1071→  Dec 2017 | Accessible | Asset Sale | $210,000 | nan
  1072→  1072→  Jan 2018 | Accessible | Asset Sale | $372,000 | Bankruptcy
  1073→  1073→  Jan 2018 | Accessible | Asset Sale | $372,000 | Bankruptcy
  1074→  1074→  Jan 2018 | Accessible | Asset Sale | $372,000 | Bankruptcy
  1075→  1075→  Feb 2018 | Accessible | Asset Sale | $750,000 | Foreclosure
  1076→  1076→  Feb 2018 | Accessible | Asset Sale | $750,000 | Foreclosure
  1077→  1077→  Feb 2018 | Accessible | Asset Sale | $750,000 | Foreclosure
  1078→  1078→  Feb 2018 | Accessible | Asset Sale | $750,000 | Foreclosure
  1079→  1079→  Jun 2018 | Accessible | Asset Sale | $130,000 | Foreclosure
  1080→  1080→  Jun 2018 | Accessible | Asset Sale | $400,000 | Foreclosure
  1081→  1081→  Jun 2018 | Accessible | Asset Sale | $400,000 | Foreclosure
  1082→  1082→  Jun 2018 | Accessible | Asset Sale | $400,000 | Foreclosure
  1083→  1083→  Jun 2018 | Accessible | Asset Sale | $400,000 | Foreclosure
  1084→  1084→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1085→  1085→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1086→  1086→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1087→  1087→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1088→  1088→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1089→  1089→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1090→  1090→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1091→  1091→  Aug 2018 | Accessible | Asset Sale | $350,000 | Foreclosure
  1092→  1092→  Aug 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1093→  1093→  Sep 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1094→  1094→  Sep 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1095→  1095→  Sep 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1096→  1096→  Sep 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1097→  1097→  Sep 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1098→  1098→  Sep 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1099→  1099→  Nov 2018 | Accessible | Asset Sale | $225,000 | Foreclosure
  1100→  1100→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1101→  1101→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1102→  1102→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1103→  1103→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1104→  1104→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1105→  1105→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1106→  1106→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1107→  1107→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1108→  1108→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1109→  1109→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1110→  1110→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1111→  1111→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1112→  1112→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1113→  1113→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1114→  1114→  Nov 2018 | Accessible | Asset Sale | $340,000 | Bankruptcy
  1115→  1115→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1116→  1116→  Dec 2018 | Accessible | Asset Sale | $300,000 | Foreclosure
  1117→  1117→  Dec 2018 | Accessible | Asset Sale | $300,000 | Foreclosure
  1118→  1118→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1119→  1119→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1120→  1120→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1121→  1121→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1122→  1122→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1123→  1123→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1124→  1124→  Dec 2018 | Accessible | Asset Sale | $700,000 | Foreclosure
  1125→  1125→  Dec 2018 | Accessible | Asset Sale | $130,000 | nan
  1126→  1126→  Dec 2018 | Accessible | Asset Sale | $130,000 | nan
  1127→  1127→  Dec 2018 | Accessible | Asset Sale | $135,000 | nan
  1128→  1128→  Dec 2018 | Accessible | Asset Sale | $140,000 | Foreclosure
  1129→  1129→  Dec 2018 | Accessible | Asset Sale | $195,000 | Foreclosure
  1130→  1130→  Dec 2018 | Accessible | Asset Sale | $300,000 | Foreclosure
  1131→  1131→  Dec 2018 | Accessible | Asset Sale | $300,000 | Foreclosure
  1132→  1132→  Dec 2018 | Accessible | Asset Sale | $300,000 | Foreclosure
  1133→  1133→
Thinking...
Now I have a comprehensive picture. Let me run one more targeted analysis to compute key statistics for the tipsheet, then write the tipsheet.
Claude

Now let me run a few more targeted analyses to sharpen the leads before writing the tipsheet.

Bash
python3 << 'PYEOF'
import pandas as pd
import numpy as np
import warnings
warnings.filterwarnings('ignore')

pdf_df = pd.read_csv('outputs/medallion_pdf_data.csv')
excel_df = pd.read_csv('outputs/medallion_excel_data.csv')

# Quick calculations for tipsheet
# 1. Peak-to-trough decline
print("=== KEY METRICS ===")
print(f"Peak median (unrestricted ind. asset sale): $1,000,000 (Q2 2013, Q2 2014)")
print(f"Trough median: ~$200,000 (Q2/Q3 2018)")
print(f"Decline: ~80%")

# 2. Foreclosure share over time
print("\n=== FORECLOSURE/BANKRUPTCY SHARE OF ALL PRICED TRANSACTIONS ===")

# Rebuild combined for this
import re
def clean_price(p):
    if pd.isna(p) or str(p).strip().upper() == 'N/A':
        return np.nan
    p = str(p).replace('$','').replace(',','').strip()
    try: return float(p)
    except: return np.nan

month_map = {'January':1,'February':2,'March':3,'April':4,'May':5,'June':6,
             'July':7,'August':8,'September':9,'October':10,'November':11,'December':12}

pdf_df['price_num'] = pdf_df['price'].apply(clean_price)
pdf_df['date'] = pd.to_datetime(pdf_df['year'].astype(str) + '-' + pdf_df['month'].astype(str) + '-01')
pdf_df['notes_clean'] = pdf_df['notes'].fillna('')

excel_df['price_num'] = excel_df['price'].apply(clean_price)
excel_df['month_num'] = excel_df['month'].map(month_map)
excel_df['date'] = pd.to_datetime(excel_df['year'].astype(str) + '-' + excel_df['month_num'].astype(str) + '-01')
excel_df['notes_clean'] = excel_df['notes'].fillna('')

combined_notes = pd.concat([
    pdf_df[['date', 'price_num', 'notes_clean']],
    excel_df[['date', 'price_num', 'notes_clean']]
])

priced = combined_notes[combined_notes['price_num'].notna() & (combined_notes['price_num'] > 0)].copy()
distress_keywords = ['foreclos', 'bankrupt', 'estate', 'divorce']

def is_distressed(n):
    return any(k in str(n).lower() for k in distress_keywords)

priced['distressed'] = priced['notes_clean'].apply(is_distressed)
priced['foreclosure'] = priced['notes_clean'].apply(lambda x: 'foreclos' in str(x).lower())
priced['bankruptcy'] = priced['notes_clean'].apply(lambda x: 'bankrupt' in str(x).lower())

priced['year'] = priced['date'].dt.year
for year in sorted(priced['year'].unique()):
    yr = priced[priced['year'] == year]
    total = len(yr)
    fc = yr['foreclosure'].sum()
    bk = yr['bankruptcy'].sum()
    dist = yr['distressed'].sum()
    print(f"  {year}: {total:>4} priced txns | {fc:>3} foreclosure ({fc/total*100:.0f}%) | {bk:>3} bankruptcy ({bk/total*100:.0f}%) | {dist:>3} total distressed ({dist/total*100:.0f}%)")

# 3. Repeated identical prices (batch sales pattern)
print("\n=== SUSPICIOUS BATCH PATTERNS (identical prices in same month) ===")
priced_with_date = priced.copy()
priced_with_date['ym'] = priced_with_date['date'].dt.strftime('%Y-%m')
batch = priced_with_date.groupby(['ym', 'price_num']).size().reset_index(name='count')
batch = batch[batch['count'] >= 5].sort_values('count', ascending=False)
print(batch.head(30).to_string(index=False))

# 4. Jan 2018 $372K bankruptcy batch
print("\n=== JAN 2018 $372K BANKRUPTCY BATCH DETAIL ===")
jan18 = priced_with_date[(priced_with_date['ym'] == '2018-01') & (priced_with_date['price_num'] == 372000)]
print(f"Count: {len(jan18)}")
print(f"All bankruptcy: {jan18['notes_clean'].value_counts().to_string()}")

# 5. Nov 2018 $340K batch
print("\n=== NOV 2018 $340K BATCH DETAIL ===")
nov18 = priced_with_date[(priced_with_date['ym'] == '2018-11') & (priced_with_date['price_num'] == 340000)]
print(f"Count: {len(nov18)}")
print(f"Notes: {nov18['notes_clean'].value_counts().to_string()}")

# 6. Wide price spreads within same month (potential arbitrage or manipulation)
print("\n=== LARGEST WITHIN-MONTH PRICE SPREADS (unrestricted asset sales, >$0) ===")
# Need classification
excel_df['class_norm'] = excel_df['medallion_classification'].apply(lambda c: 'Unrestricted' if 'unrest' in str(c).lower() else str(c))
pdf_df['sale_type'] = pdf_df['transaction_type'].replace({'asset_sale': 'Asset Sale', 'stock_transfer': 'Stock Transfer'})
pdf_df['class_norm'] = pdf_df['classification'].apply(lambda c: 'Unrestricted' if 'unrestrict' in str(c).lower() else str(c))

combined2 = pd.concat([
    pdf_df[['date', 'price_num', 'notes_clean', 'class_norm', 'sale_type']],
    excel_df[['date', 'price_num', 'notes_clean', 'class_norm', 'sale_type']]
])
unr_asset = combined2[(combined2['class_norm'] == 'Unrestricted') & (combined2['sale_type'] == 'Asset Sale') & (combined2['price_num'] > 0)]
spreads = unr_asset.groupby('date')['price_num'].agg(['min','max','count'])
spreads['spread'] = spreads['max'] - spreads['min']
spreads['spread_pct'] = (spreads['spread'] / spreads['min'] * 100).round(0)
print(spreads[spreads['count'] >= 3].sort_values('spread_pct', ascending=False).head(15).to_string())

PYEOF
Output
=== KEY METRICS ===
Peak median (unrestricted ind. asset sale): $1,000,000 (Q2 2013, Q2 2014)
Trough median: ~$200,000 (Q2/Q3 2018)
Decline: ~80%

=== FORECLOSURE/BANKRUPTCY SHARE OF ALL PRICED TRANSACTIONS ===
  2012:  192 priced txns |   0 foreclosure (0%) |   0 bankruptcy (0%) |   1 total distressed (1%)
  2013:  131 priced txns |   0 foreclosure (0%) |   0 bankruptcy (0%) |   0 total distressed (0%)
  2014:  109 priced txns |   5 foreclosure (5%) |   0 bankruptcy (0%) |   5 total distressed (5%)
  2015:   37 priced txns |  11 foreclosure (30%) |   0 bankruptcy (0%) |  12 total distressed (32%)
  2016:   47 priced txns |  26 foreclosure (55%) |   0 bankruptcy (0%) |  29 total distressed (62%)
  2017:  105 priced txns |  39 foreclosure (37%) |   0 bankruptcy (0%) |  44 total distressed (42%)
  2018:  614 priced txns | 381 foreclosure (62%) |  92 bankruptcy (15%) | 479 total distressed (78%)

=== SUSPICIOUS BATCH PATTERNS (identical prices in same month) ===
     ym  price_num  count
2018-11  340000.00     65
2018-01  372000.00     23
2018-09  225000.00     17
2018-12  200000.00     14
2018-08  225000.00     14
2018-12  700000.00     14
2018-11  350000.00     11
2018-06  400000.00     10
2018-10  343750.00     10
2018-08  200000.00     10
2018-10  230000.00      9
2018-10  225000.00      9
2018-12  300000.00      9
2018-02  750000.00      9
2018-12  225000.00      8
2012-08  710000.00      8
2016-09 1250000.00      8
2017-08  400000.00      7
2018-10  460000.00      7
2018-06  160000.00      6
2018-04  185000.00      6
2012-03  700000.00      6
2018-09  650000.00      6
2018-10  200000.00      6
2017-07  468000.00      6
2018-10  250000.00      6
2018-10  600000.00      6
2018-09 1265927.35      6
2018-12  235000.00      5
2012-06  700000.00      5

=== JAN 2018 $372K BANKRUPTCY BATCH DETAIL ===
Count: 23
All bankruptcy: notes_clean
Bankruptcy    23

=== NOV 2018 $340K BATCH DETAIL ===
Count: 65
Notes: notes_clean
Bankruptcy     64
Foreclosure     1

=== LARGEST WITHIN-MONTH PRICE SPREADS (unrestricted asset sales, >$0) ===
                  min        max  count      spread  spread_pct
date                                                           
2013-03-01    8000.00  2420000.0     13  2412000.00     30150.0
2018-04-01    5000.00   700000.0     18   695000.00     13900.0
2013-04-01   33900.00  2150000.0      9  2116100.00      6242.0
2014-04-01   88893.50  3900000.0     10  3811106.50      4287.0
2012-08-01   58623.80  2100000.0     23  2041376.20      3482.0
2012-05-01   60000.00  2000000.0     18  1940000.00      3233.0
2014-05-01   80836.96  2400000.0     11  2319163.04      2869.0
2015-03-01  103430.53  1900000.0      6  1796569.47      1737.0
2013-05-01  154525.26  2640000.0     10  2485474.74      1608.0
2013-06-01  100100.00  1100000.0      9   999900.00       999.0
2012-11-01  360000.00  3000000.0      5  2640000.00       733.0
2018-05-01  100000.00   800000.0     26   700000.00       700.0
2012-09-01  296178.64  2250000.0     10  1953821.36       660.0
2018-11-01  140000.00  1050000.0     83   910000.00       650.0
2018-07-01  145000.00  1000000.0     25   855000.00       590.0
Thinking...
Now I have all the data I need to write a comprehensive tipsheet. Let me synthesize the findings. Key findings: 1. **Massive price collapse**: Medallion prices fell ~80% from peak ($1M in 2013-2014) to ~$200K in 2018 2. **Foreclosure/bankruptcy tsunami**: From 0% distressed sales in 2012-2013 to 78% in 2018 3. **Giant batch bankruptcy sales**: 65 medallions sold at exactly $340K in Nov 2018, 23 at exactly $372K in Jan 2018 - suggests large fleet operators going under 4. **Volume explosion in late 2018**: Transaction volume surged from ~20/month to 100+/month, almost entirely foreclosures and bankruptcies 5. **Corporate medallions**: Disappeared from the data after 2016 - format change or something else? 6. **Suspicious price spreads**: Huge within-month spreads suggest very different circumstances for sellers 7. **$0 transfer patterns**: Heavy use of LLC/corporate restructuring, estate transfers Now I'm ready to write the tipsheet.
Claude

I now have a complete picture. Let me write the tipsheet.

Write
/Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/outputs/tipsheet_nyc_medallions.md
File content
# Tipsheet: The Collapse of New York City Taxi Medallion Values, 2012-2018

## Source Material
- **What was analyzed**: 82 files from NYC Taxi & Limousine Commission (TLC) covering monthly medallion transfers from January 2012 through December 2018
  - 36 PDF files (2012-2014): monthly medallion transfer charts
  - 46 Excel files (2015-2018): monthly medallion price/sales lists
- **Total transaction rows extracted**: 1,805 (1,235 with prices > $0; 570 zero-dollar transfers)
- **Analysis date**: March 2026
- **Coverage notes**: All 82 source files were parsed. PDFs were extracted using pdfplumber; Excel files using openpyxl. Two slightly different tabular formats were handled across the time period. Data does not identify buyers, sellers, or medallion numbers — only prices, medallion classification, transaction type, and brief notes.

## Summary of Findings

This dataset captures one of the most dramatic asset collapses in modern American urban history: NYC taxi medallions fell from a peak median price of **$1,000,000 in mid-2013/mid-2014** to approximately **$200,000 by mid-2018** — a roughly 80% decline. The data shows this wasn't just a price correction: by 2018, **78% of all priced transactions were foreclosures or bankruptcies**, up from 0% in 2012-2013. The most striking signal is the emergence of **massive batch liquidations** in late 2018, with 65 medallions sold at the identical price of $340,000 in a single month (November 2018, all from bankruptcy) — suggesting the collapse of large fleet operators or lender-driven liquidation events that could be traced to specific entities.

---

## Leads

### Lead 1: Who Owned the 65 Medallions Liquidated at $340K in November 2018?
**Signal strength**: Strong

**Evidence**: In November 2018, 65 medallions were sold at exactly $340,000 each. 64 of the 65 were marked "Bankruptcy," one was "Foreclosure." This is by far the largest batch of identical-price sales in the entire dataset. Similarly, in January 2018, 23 medallio...
Output
File created successfully at: /Users/nrh146/Documents/agentic-investigation-newsworthiness-dataonly/outputs/tipsheet_nyc_medallions.md
Claude

The tipsheet is written to outputs/tipsheet_nyc_medallions.md. Here's a summary of what I found:

The Big Picture

Your data captures the collapse of NYC taxi medallion values from ~$1 million to ~$200,000 (an 80% decline) between 2012 and 2018, and the human/financial wreckage that followed.

Top Leads

  1. Who owned the 65 medallions liquidated at exactly $340K in November 2018? (Strong) — The largest batch of identical-price bankruptcy sales in the dataset. Almost certainly traces to a single major fleet operator or lender liquidation. Identifiable through PACER and TLC FOIL requests.

  2. The market went from 0% to 78% distressed sales in six years (Strong) — In 2012-2013, every sale was voluntary. By 2018, only 1 in 4 sales were. The first foreclosures appear in late 2014, right as Uber was scaling in NYC.

  3. Transaction volume exploded 5x in late 2018 (Strong) — Monthly sales surged from ~18 to over 100, almost entirely foreclosures/bankruptcies. This "fire sale" cascade pattern suggests coordinated lender liquidation that may have destroyed value beyond what rideshare competition alone caused.

  4. Enormous within-month price spreads (Moderate) — In the same month in 2018, identical medallion types sold for $160K and $1M. Who paid top dollar when foreclosure prices were a fraction of that?

  5. Corporate medallion market vanished after 2016 (Moderate) — Corporate medallions (which traded at 2.5-3x independent prices) disappear from the data. Did the fleet model collapse entirely?

  6. LLC conversions spiked during early decline (Moderate) — Individual-to-LLC transfers surged in 2015, possibly owners sheltering assets ahead of anticipated defaults.

  7. Court-ordered batch pricing patterns (Preliminary) — Multiple batches at oddly precise prices ($372K, $343,750, $1,265,927.35) point to identifiable bankruptcy cases.

The biggest gap: this data has no buyer/seller names or medallion numbers. A FOIL request to TLC for that information would unlock the most powerful stories — who was lending recklessly, who lost everything, and who swooped in to buy at the bottom.