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Streamlining Real Estate Closings in New York State

Jul 06, 2023 ,,,,,,,

Real estate transactions in certain parts of New York State often encounter hurdles that impede smooth closings. Unlike many other states where real estate agents take the lead in handling transactions, negotiations in New York are primarily managed by attorneys who prepare contracts. This difference in approach often elongates the closing process, which typically lasts […]

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Water Damage in Your Brooklyn Apartment or Home: Essential Steps for Recovery

Jun 06, 2023 ,,,,,,,,

Water damage in your apartment can be a stressful and overwhelming experience. Brooklyn residents, in particular, are no strangers to the challenges posed by flooding and water damage. As climate change intensifies storms and increases the frequency, water-related issues have become more prevalent. Whether it’s a burst pipe, a leaking roof, or another cause, dealing […]

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Two Birds, One Stone:  Leveraging Tax Benefits By Using Cost Segregation to Immediately Write-Off All Impaired Assets

May 11, 2023 ,,,,,

By Eli Loebenberg, CPA, CEO, Madison SPECS Over the last several years, the use of cost segregation studies as a means of lowering income taxes has gone from being a niche practice utilized by the savviest of real estate investors to an almost standard part of purchasing commercial real estate properties, whenever applicable.  This has […]

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Guidelines to Property Improvements Provide Tax Deferral Strategies

May 11, 2023 ,,,,,

By: Eli Loebenberg, CPA, CEO, Madison SPECS   A key component of any commercial lease agreement is the tenant improvements and allowances, which are provided by the landlord.  The landlord usually provides customized alterations to a rental space in order to configure the property for the needs of that particular tenant. The costs of building […]

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Spring Cleaning Tips For Homeowners

May 11, 2023 ,,,,,,,,,,

Spring has sprung, and you know what that means…spring cleaning! It’s time to open those windows, let the fresh air in, and clean out the grime your home collected during winter. It’s a new season, and what better way to start fresh than giving your home a good old cleaning! Keep reading below for a […]

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New NYC Airbnb Law Requires You To Register Your Short-Term Rentals

May 11, 2023 ,,,,,,,

A short-term rental property has become a popular side hustle to provide an additional income stream. This is where tenants, landlords, and building owners are at battle. Some New York residents are applying for rentals without intending to live there. The idea is to list them as short-term rental properties on websites like Airbnb, Vrbo, […]

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5 Ways to Improve Your Mental Health at Home

May 01, 2023 ,,,,,,,

May is Mental Health Awareness month, meaning it’s a great time to make your mental health a priority (it always should be but, you know, life). One of the biggest factors affecting your mental health is your living space – without a comfortable and safe place to hang your hat, it’s tough to maintain a […]

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Renovation Diaries: Top 5 Reasons a Recycled Kitchen is Better Than New

Apr 20, 2023 ,,,,,,,,

by Tina Fallon One thing I’ve learned from 17 years as a real estate agent and 22 years as a serial renovator: newer is not necessarily better. Just as pre-war apartments have a particular cachet, using recycled materials in your renovation can imbue your home with style and quality – and save you time and […]

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Is It Helpful To Renovate Before Selling An Apartment in Brooklyn?

Apr 18, 2023 ,,,,,,,,

Suppose you are considering selling your Brooklyn apartment in this never-changing competitive real estate market. In that case, you should renovate or freshen up the space. There are a few factors to think about for your apartment remodel. Keep reading to find out where to draw the line. Is It Helpful To Renovate Before Selling […]

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How to Read and Understand a Real Estate Deal Sheet

Mar 22, 2023 ,,,,,,,,,

Finding the right apartment or home, especially in Brooklyn, a top location in the NYC real estate market, is an exciting next step in your real estate journey. Once you have made an offer, the seller’s attorney or listing agent will give you a deal sheet or transaction sheet.  A deal sheet is a document […]

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