For real estate investors, the 1031 exchange is a powerful tool for managing tax liability when selling and purchasing investment properties.

Real Estate AdviceKanen LawNovember 13, 2017Apartment, Business, Capital gains tax, Closing Attorney, Co-op, Condominium, Contract, Internal Revenue Code section 1031, Investment, Legal, New York City, New York State, NYC Apartment, NYC Real Estate, Qualified intermediary, Real estate, Real property

What are lot line windows?

New York City real estate has a lot of intricacies and quirks, but one of the more important ones that purchasers need to be aware of are lot line windows. Lot line windows are windows located directly on edge of the building’s property line.

What's up with New York's Mansion Tax?

The “Mansion Tax” is a New York State tax imposed on the purchase of residential property for $1 million or more, excluding the sale of personal property and most closing costs.

What is the difference between Co-ops and Condos in New York City?

The difference between Co-ops and Condos is a huge issue in New York City real estate. Depending upon which type of property you decide to purchase, your obligations and potential for liability will vary.

Real Estate AdviceKanen LawOctober 20, 2016Apartment, board of managers, Closing Attorney, Co-op, co-op board, Condominium, flip tax, Maintenance fee (patent), New York City, NYC Apartment, NYC Real Estate, NYC Real Estate Lawyer, Real estate