Purchasing commercial real estate takes a lot of money, usually millions of dollars. Most New York investors need financing to make their purchase possible. Consider these financing option types when seeking a commercial investment loan. Types of common commercial...
Commercial Real Estate
Is it possible to sell the business and the property together?
Selling a business can be challenging, especially when commercial real estate is involved. In New York, it's common for a company to own the building or property where it operates. This can complicate the sale of the business as it now involves selling both the...
What do you need to consider when buying commercial real estate?
Commercial real estate law in New York doesn't offer as many protections as residential real estate. Buyers must read leases carefully and negotiate problematic clauses or walk away from the property. Location, space and budget are other factors that play a role in...
Industrial real estate in 2022
The outer-borough industrial real estate market in New York has experienced robust growth through the second quarter of 2022. Industrial real estate is defined as a type of commercial real estate designated for non-public use, unlike retail and grocery stores....
What questions should you ask before signing a commercial lease?
New York provides a variety of prime commercial real estate for those who are interested in starting their own business. However, before you move into these properties, you must sign a commercial lease. You should ask a few questions before you agree to sign a lease...
What is the 45-day rule in 1031 exchanges?
A 1031 exchange of real property is given special treatment under the Internal Revenue Code New York taxpayers have 45 days from the property’s sale date to identify a replacement property. The 45-day window is the identification period, but taxpayers have about 180...
Top elements of a commercial property sale
Selling real estate can be a complex process in New York. Besides the legalities of the sale, you have to consider many potential factors that could affect the sale price and how long it might take to sell. In order to make the process as smooth as possible for all...
Common commercial real estate financing options
The idea of owning commercial property is a dream come true for many people. However, commercial real estate financing is a whole new ball game compared to the residential real estate market in New York. You must be aware of all real estate financing options to make...
What to know about CRE property classification in New York
One of the most commonly asked questions among New York investors in commercial real estate is how the classification of property works. You may have heard this classification system used countless times without knowing what it is. It's a huge asset to have at least a...
The basics of the Section 1031 like-kind exchange
The Internal Revenue Service (IRS) allows real estate owners to exchange real property without having to take on tax liability. Section 1031 allows that tax-free like-kind exchanges are made in place of having to sell businesses and tangible assets. It's necessary to...