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

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 […]

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

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 […]

Compére Collective Presents: PORTALS by Savannah Green

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 […]

Women-Owned Business Series: Amy from Seed2Stone

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, […]

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

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 […]

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

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 […]

Guidelines to Property Improvements Provide Tax Deferral Strategies

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 […]

Delaware Statutory Trusts for §1031 Exchange Replacement Property

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 […]

Worried About Renewing Your Lease? Here’s what you should do.

Thinking that your landlord is not renewing your lease because you haven’t heard from him and what should you do about it? Don’t worry. The best action to take may be to do nothing.  UHH…what? That is right – do nothing. Legally your landlord is required to send you a letter for lease renewal or […]

Spring Cleaning Tips For Homeowners

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 […]