Upstate New York : NYREJ

2018 Hudson Valley apartment market: Counties show favorable conditions for investment - by Brian Heine

As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: All the counties of the Hudson Valley show a favorable rental market for investment. The average 2017 HUD fair market rent for a two-bedroom apartment in the Hudson Valley, together the counties of Dutchess, Westchester, Rockland, Ulster, Putnam, and Orange, is $1,510 per month, up 4.4% from 2016. The 2017 Ulster County Rental Housing survey reports average two-bedroom rents of $1,143, up 5.9% over 2016, with an overall vacancy rate of 2.65% versus 2.36% for 2016. The 2016 Dutchess County Rental Housing Survey reported…

It’s not too early to prepare for your real estate tax protest: Here are some considerations - by Robert Wakeman and Michael Hrankiwskyj

As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: In most, but not all, upstate New York municipalities, the date to file a real estate protest is the fourth Tuesday in May. Nevertheless, it is never too early to review and determine whether a tax protest is sensible…

A 1031 trade-in program for the 21st Century investor: R. J. Gullo’s 1031 Trade-In Program - by Russell Gullo

As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: This program is structured using both Section 1031 of the Internal Revenue Code, which allows owners of income-producing or investment-held property the opportunity to pay no tax when disposing of property…

Advice for landlords and owners to consider when leasing to tenants in the cannabis industry - by Randall Beach

As seen in the 12/04/2018 Upstate Spotlight, Ask the Experts: Recreational cannabis use is now legal in nine states, as well as the District of Columbia. Thirty-one states have legalized cannabis use for medical purposes. What does the state of cannabis regulation have to do with real estate? Quite a bit actually…

Brown and Funiciello of JF Real Estate collaborates with Sutton Real Estate for 1,761 s/f lease in Syracuse

Syracuse, NY According to JF Real Estate, Drive Research, a market research company with clients across upstate New York and the country, ha...

Ticco and Demyan of Cushman & Wakefield/Pyramid Brokerage handle sale of 46,193 s/f - $800,000

Buffalo, NY According to Cushman & Wakefield/Pyramid Brokerage Co., 459 Broadway LLC has purchased the former Drescher Paper Box buildin...

Code watch: How zoning codes impact development - by Wendy Marsh

Reviewing the local zoning code of the municipality where a development is to be located should be one of the first steps in a successful project. Failing to understand the zoning code and its participants, including the code enforcement officer and the decision-making boards, can cause…

Upstate New York