What is a 1031 exchange and how does it work?

… it again with updated information for February 2023 … How to know if a 1031 exchange will work for you … The 1031 … bought during a downturn or had earlybird pricing on a new construction or have held onto the place for several years … holding it until death When the owner dies the deferred tax doesnt get paid because the estate gets the benefit of …

By Emily Myers |February 6, 2023 - 9:30AM
Brooklyn’s median price slips but sellers are doing better than in Manhattan

… percent from $959000 in the third quarter according to the latest edition of the  Elliman Report which covers Brooklyn … of lowerpriced inventorydownward says Michael Sorrentino senior vice president and New York general sales manager at … in the fourth quarter Brooklyn buyers favored smaller apartments leading to the average size falling by 6 percent …

By Jennifer White Karp |January 12, 2023 - 12:00PM
How are sellers getting deals done in a market that favors no one?

… are dealing with buyers unnerved by an unexpectedly fast rise in mortgage rates which is stalling sales activity this … about a recent sale in their building A threeplus bedroom apartment in their same line that sold for $15 million Despite being several floors higher the price was $200000 less than expected for that …

By Jennifer White Karp |September 13, 2022 - 3:00PM