Commercial real estate in Staten Island NY is growing rapidly in leaps and bounds.
If you want to purchase or sell Commercial, multifamily properties, or land we are here to help you. If you need help leasing or marketing a store we can help with that as well. Thinking about purchasing or listing a business we would be happy to be of assistance to you.
We are full service full-time Realtors.
We are committed to provide you with a high quality of service. We will work at your pace, if you are new to the market and just starting out we will be happy to guide you every step of the way. If you need to move fast we can be ready to begin working when you are. Staten Island NY Real Estate has many excellent investment opportunities to offer, let us help guide you to invest in your future and to help you build your cash flow.
Some advantages and benefits of owning investment properties are: Profit, cash flow, tax benefits, the ongoing income that will be produced can help pay down your mortgage. Can be left in a will after your death, properties add to you assets, excellent returns, has credit benefits, can increase in value due to appreciation, financial leverage, and pride of ownership.
It pays to purchase a multi-family or mixed use property Speak to an accountant prior to your purchase about the depreciation deduction on portions of your costs. Deductions for capital improvements, interest loan deductions etc.
Living in your multi family can offer additional benefits. Although this idea may not be for everyone, it may be a great way for you to begin to work on your investment portfolio when you’re first starting out.
You can minimize the cost of management and maintenance costs. Plus it may also provide you some additional space for in-laws and or extended family. Living in your own rental property can be a good asset to you due to the various owner occupant benefits. When selling you may also be able to reap the benefit of deferring capital gain by way of a 1031 exchange or a tax deferred exchange.
Click here for more information the IRS site
When searching online search Real Estate Staten Island NY where you will find many articles about all of the new commercial projects being developed here in Staten Island. There are many people investing here in Staten Island NY, the public has confidence in wealth building within our beautiful borough.