BUY3 MIN
Negotiating Real Estate Closing Costs in NYC
If you’ve been paying attention, you’ll know that the NYC housing market is a fully-fledged buyer’s market. As a result, sellers have slowly concluded…
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NEW YORK PROPERTY INTELLIGENCE
Taxes, considered.
New York City Taxes
01 BUYER STRATEGY 02 OWNERSHIP & BUILDINGS 03 MARKET & CAPITAL 04 SELLING & LEASING
CATEGORY ARCHIVE
Taxes perspectives.
A deliberately edited collection of market notes, transaction guidance, neighborhood context and ELIKA perspectives—not a daily content feed.
TAXES5 MIN
How to Appeal Your Property Taxes in NYC
If you are a New Yorker contemplating appealing your property taxes, you should read on. New York City currently collects about $24 billion in…
TAXES3 MIN
FIRPTA – Foreign Investment in Real Property Tax Act
In an earlier post, we covered the intricacies of buying a property in NYC as a foreigner. As outlined, a few obstacles to foreign…
TAXES7 MIN
What Is the Capital Gains Tax?
The run-up in New York City real estate valuations has many owners contemplating capital gains tax exposure over the last two decades. When you…
CO-OP5 MIN
Who Pays the Co-op Flip Tax in NYC?
You’ve probably heard the term “flip tax” mentioned in conversations that involve buying and selling New York City real estate. Flip taxes cannot be…
TAXES3 MIN
Tax Reform: Real Life Real Estate Impact
The recently signed tax law will have far-reaching consequences. It will likely take some time before knowing the full economic effect. Nonetheless, we would…
NEWS3 MIN
What the Tax Legislations Means for You
The tax overhaul bill, hotly debated among various population segments, is likely to pass both Congress houses this week. It will be sent for…
NEWS3 MIN
How Tax Legislation Affects NYC Real Estate
The full House and the Senate Finance Committee each passed their version of tax reform legislation. The entire Senate plans to up the measure…
INVEST3 MIN
Taxation of Passive Investment Property Activity
We recently discussed the benefits of passive income. The IRS defines passive activity as a business in which one does not “materially” participate. However,…
TAXES3 MIN
The Taxman Cometh: Homeowners Shouldn’t be Afraid
The holidays and joyous celebrations are fading into our memories. It is hard to believe, but the tax season is upon us. While many…
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