What is a 1031 exchange and how does it work?

… As with any big financial transaction when you sell an apartment in New York City you need to pay taxes If its an … turn to a popular tax deferral program called the 1031 exchange which allows you to put off paying tax on the sale … you put off the payment for 10 years you will have had the money for 10 years and havent had to pay taxes he says  You …

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

… major factor behind the recent price drop Sales activity is slowing in Brooklyn amid economic concerns The number of … the suburbs saw during the pandemic while Manhattan took longer to bounce back Bidding wars in Brooklyn rose to a new … reports for Brooklyn Brooklyn new development and Long Island City  covering the fourth quarter of 2022 Garrett …

By Jennifer White Karp |January 12, 2023 - 12:00PM