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1031 Exchange Program

1031 Exchange Program

First, what is 1031 like-kind exchange program? When a property owner( or tax payer which I will use them interchangeably, in fact, this topic can be handled by tax accounts in much better way), anyway when he/she accumulated preferably large equity from an investment property and he/she is trying to sell the property, the owner […]

Weekly News (April 26, 2017)

1. ‘One Park’ condo → New Condo project in Cliffside Park, NJ  320 Adolphus Ave.  Unparalleled views of the Manhattan and Hudson River 14 stories, 200 units (1 ~ 4 Bedrooms) Developed by Manhattan based DMG Investments and designed by Architectura Floor-to-ceiling glass windows There was a plan before financial crises 2. Hudson-Bergen Light Rail […]

Weekly News (April 19, 2017)

1. Building Boom : NJ becomes an apartment heaven   20 Years ago → Single home in growth sector Now national phenomenon → Multi-family housing 5 Key residential construction projects: Hackensack – Main Sat (382 units), Franklin Lakes – Ewing Ave (275 units) Park Ridge – Kinderkamack Rd (240 units), Wayne – Route 23 South (223 units) Fort Lee – […]

Weekly News (April 12, 2017)

1. Tenafly, Spencer Smith elementary school → Asian’s Highest score for PARCC   Partnership for Assessment of Readiness for College and Careers Every year test for English and Math for 3 ~ 11th grade Spencer Smith, Tenafly → English 95%, Mathematics 97% /  Merit Memorial, Cresskill → E 93%, M 95% Roosevelt, River Edge → E […]

Weekly News (April 5, 2017)

1. Let’s keep Hudson-Bergen Light Rail project in right track   17 years ago, this light rail began to operate in Jersey City NJ Transit’s light rail system → One of most successful in the nation (50,000 daily passengers at 24 stations) Expectation: 24,740 passengers will board at 7 new stations → NJ is corridor […]