1031 EXCHANGE  Manhattan Real Estate                                                    

A 1031 exchange is just another service that Green Homes NYC is proud to provide to its real estate clients. Also known as a tax deferred exchange, a 1031 exchange is a simple strategy:

Selling one qualified Manhattan property and then proceeding with an acquisition of another qualified Manhattan property within a specific time frame. There is a 180 day time limit for a buyer to find their exchange property. Our GreenHomes Real Estate Team will be happy to assist you every step of the way. Check out our Manhattan Real Estate for Sale Search to find your perfect home for a 1031 exchange.

The 1031 exchange is unique because the entire transaction is treated as an exchange of Manhattan real estate and not just as a separate property sale and property purchase. It is this difference between "exchanging" and simply buying and selling Manhattan real estate which allows the taxpayers to qualify for a deferred gain treatment. In other words, Manhattan real estate sales are taxable with the IRS and 1031 exchanges are NOT. 1031 exchanges are extremely easy and cost effective when investing in Manhattan real estate.  Almost any Manhattan apartment or other Manhattan property can qualify for a 1031 exchange and generate a great after-tax income.

The benefits are not only in tax deferment, but they can help Manhattan property investors exchange various small properties for a larger property, or a property that is hard to refinance for a property that is very liquid.  In the event that you want to exchange some vacant land for a cash-flowing building in an up and coming neighborhood, there is unlimited potential!