Brooklyn, NY Greysteel, a national commercial real estate investment services firm, has arranged the sale of 181-182 Prospect Park West and 409 14th St., located in Park Slope.
Queens, NY Long Island City developer Shahram Nassi has closed on the sale of a vacant warehouse located at 47-33 5th St. Nassi, who has a large portfolio in Long Island City including condo projects and rentals located at 47-05 5th St. and 47-27 5th St. and 5-18 and 5-20 51st Ave., bought this property for $12.15 million.
Bronx NY According to Bryan Houlihan and James Houlihan of Houlihan-Parnes Realtors, LLC, the surface parking lot located at 2519-2525 Creston Ave., facing St. James Park has sold.
President Trump arrived in January of 2017, but the January 2018 arrival of his Federal tax plan could pop his own New York real estate bubble. Whether you seemingly benefit from the plan or not, data suggests it’s a financial negative for New York
The tax reform looked favorably on real estate investors by leaving section 1031 intact. For many years, utilizing Internal Revenue Code Section 1031 to exchange one property for a replacement property, in turn deferring the capital gains has been a cornerstone of real estate investing.