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How Interest Rate Hikes are Impacting NYC Real Estate Market

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

The recent decision by the Federal Reserve to increase interest rates for the 10th time, from 5 percent to 5.25 percent, raises important questions about the factors driving this policy shift. What are the reasons behind the Federal Reserve’s decision, and what potentially should New York City (NYC) homebuyers consider in light of this development? […]

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Getting Ready To Buy A House Checklist: Top 8 Considerations

Jun 06, 2023 ,,,,,,

Are you trying to answer the question, “Am I ready to buy a house?” Buying a house is an important milestone with its fair share of challenges and rewards. Determining the right time to make such a significant investment requires careful consideration. Although there isn’t a definitive answer, several factors can help you gauge your […]

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Exploring the Advantages of Adjustable Rate Mortgages: Flexibility and Financial Benefits

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

First, let’s answer the question, “What are Adjustable-Rate Mortgages?”. An ARM is an alternative option to the traditional fixed-rate mortgage. Unlike fixed-rate mortgages, they provide borrowers with the flexibility of a fixed interest rate for a specific number of years, after which the rate and monthly payment can fluctuate. ARM loans are commonly structured in […]

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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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Considering Renting vs. Owning: Exploring the Advantages and Financial Considerations

Jun 06, 2023 ,,,,,,

For many Americans, the decision between renting vs. owning a home may seem daunting, with doubts about their ability to cover the costs. However, it’s important to note that renting vs. owning each has advantages. Before you make a decision, take a moment to consider the following points. Advantages of Renting Renting a house or […]

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Compére Collective Presents: PORTALS by Savannah Green

Jun 02, 2023 ,,,,,,,

We are so excited to present our first of two June exhibits at Compére Collective, PORTALS a collage series by Savannah Green, with insights & intuitions from Eryn O’Sullivan.  Opening Reception: Friday, June 9 • 6-9pm • 351 Van Brunt St, Brooklyn PORTALS by Savannah Green PORTALS is a modern & timeless exploration of the ancient […]

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Women-Owned Business Series: Amy from Seed2Stone

May 31, 2023 ,,,,,,,,,,

Welcome back to our Women-Owned Business Series! We are excited to feature Amy from Seed2Stone, an affordable lab-grown diamond jewelry brand that modernizes the look of diamond jewelry! With an emphasis on positive ESG with sustainable materials and manufacturing practices, Amy aims to be inclusive and focused what consumers want – something that is unique, […]

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Women-Owned Business Series: Rita & Mary Ellen from PlayWell Brooklyn

May 24, 2023 ,,,,,,,,,,

Welcome back to our Women-Owned Business Series! We are happy to feature PlayWell Brooklyn, founded & co-owned by Rita & Mary Ellen! With a passion for inclusivity and wellness, the pair created an integrated playspace for children to enjoy, while also developing social skills & staying active. Read on to learn about their journey and […]

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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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Delaware Statutory Trusts for §1031 Exchange Replacement Property

May 11, 2023 ,,,,,

By Barry Neustadt, CPA, Tax Director, Madison 1031 Madison §1031’s exchange clients are often challenged face to find a suitable Replacement Property within the tight 45-day identification period.  We hear about cap rate compression from nearly every investor.  Then, when they find a property, they still need to negotiate an acceptable price and complete their […]

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