If you’re a seasoned real estate investor in Queens, you’re likely familiar with the concept of a 1031 exchange. If you’re just starting out on Queens real estate investment, then you’re probably eager to learn about the tax-deferral option. We’ve prepared a primer on this important tool for your investment-planning purposes. A 1031 exchange, also […]
Condos Brokerage Fees: Typically 4-6% in Queens Own Attorney: $850+ Processing Fee: $450+ NYC Transfer Tax: Up to $500,000 = 1% $500,000+ = 1.425% Condo Deed Transfers: $75 NY State Transfer Tax: $4 per $1,000 of price NYS Equalization Fee: $75 Pick-up/Payoff Fee: $250 – $500 UCC-3 Filing Fee: $100 Miscellaneous Condominium Charges: Vary by building PLEASE NOTE: For condominiums in new developments, the […]
by George Herrera Realtor & Co-Owner of the Queens Home team at Keller Williams Realty So you own a rental or investment property in Queens and you’ve determined that now is the right time to cash out or move on to your next investment. Being the savvy investor that you are, you have […]
FOR home and condo owners, losing a deed is usually no big deal. But for co-op owners, the loss of a share certificate — and the proprietary lease that goes with it — will almost always cause a problem, and in some cases can get quite expensive when the time comes to sell or refinance […]
George & Abigail Herrera are pleased to announce their exclusive “Hassle Free Listing Program”. Take the risk and fear out of listing your home with an agent and relax knowing that you won’t be locked in to a lengthy contract. (https://www.nuestra-gente.com/) Enjoy the caliber of service from Agents confident enough to make this offer! What’s […]
George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of the 2 BR Coop located at 135-18 77th Ave, Kew Garden Hills, NY 11367. This Kew Village coop consisted of 2 Bedrooms, 1 Bathroom, and sold for $175,000. This 2 BR coop was on the market […]
George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of the 1 BR Coop located at 99-72 66th Rd, Rego Park, NY 11374. The sale marks the highest recorded sale price for a 1 BR Coop in the development, in the last 12 months. This […]
George Herrera, Abigail Herrera, and the Queens Home Team at Keller Williams Realty are pleased to announce the sale of the 1 BR Coop located at 67-71 Yellowstone Blvd, Forest Hills, NY 11375. This Lincoln coop consisted of 1 Bedroom, 1 Bathroom, and sold for $235,000. This 1 BR coop was on the market for 36 […]
…Detailed steps to buying and selling real estate in Queens County It is difficult to estimate how long the process will take, from acceptance of an offer to closing. Assuming a loan can be secured in a timely fashion, one can move from contract to closing on a condo/residential home in about 60 days. However, the cooperative […]
When real estate markets are on the upswing (like the Queens real estate market), it’s common for sellers to get creative and look for new ways to turn a profit. Some cash-saving measures, like competitive pricing and high ROI renovations, are great tools for getting the most from a deal. Others, like selling without an […]
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