Back to Home
Leah Badach, 1031 Exchange Specialist in Long Island, New York

1031 Exchange Specialist Long Island NY

Certified Exchange Specialist

The Sontag GroupThe Sontag Group

Long Island's trusted qualified intermediary for seamless 1031 tax-deferred exchanges on rental properties, commercial real estate, and multi-family buildings.

10+
Years
5,000+
Exchanges
$1B+
Facilitated

1031 Exchanges for Long Island Property Investors

Long Island's real estate market, spanning Nassau and Suffolk Counties, features strong rental demand, rising property values, and a diverse mix of investment property types. From rental homes in Garden City and Huntington to commercial properties along Route 110 and the Hempstead Turnpike corridor, and multi-family buildings in communities like Freeport and Bay Shore, Long Island investors have seen significant appreciation that makes 1031 exchanges an essential tax planning tool.

Long Island's proximity to New York City drives consistent rental demand, particularly in western Nassau County where commuters seek alternatives to city living. The Hamptons and North Fork areas present unique opportunities for investors in vacation rental properties looking to exchange into year-round investments or DSTs. Suffolk County's growing commercial corridors along the Long Island Expressway also present opportunities for commercial property exchanges.

New York State capital gains taxes up to 10.9%, combined with federal taxes and NIIT, can create effective rates exceeding 30% for Long Island investors. On a typical Long Island rental property gain of $400,000, that could mean $120,000 or more in deferred taxes through a 1031 exchange. Leah Badach works with Long Island property owners on every type of exchange, from straightforward forward exchanges to complex reverse and construction exchanges, with specialized knowledge of Nassau and Suffolk County market dynamics.

Long Island 1031 Exchange FAQ

Common questions from Long Island investors

Can I 1031 exchange my Long Island rental property?
Yes, any property held for investment or business use qualifies. Single-family rentals, multi-family homes, commercial properties, and even Hamptons vacation rentals held as investments can all be exchanged.
Do Nassau and Suffolk County have different 1031 rules?
No, 1031 exchange rules are federal and apply uniformly. However, local property tax considerations may influence your choice of replacement property. Both counties offer strong investment opportunities.
What are the 1031 exchange deadlines?
You have 45 days from closing to identify potential replacement properties and 180 days total to close on the replacement property. These deadlines are strict and cannot be extended.
Can I exchange a Long Island property for one in the city?
Yes. Many LI investors exchange into NYC properties or vice versa. 1031 exchanges work across any geographic boundary within the United States.
What is a DST 1031 exchange?
A Delaware Statutory Trust is a pre-packaged investment qualifying as like-kind replacement. DSTs are popular with Long Island investors ready to move from active landlording to passive monthly income.
How much does a 1031 exchange cost?
QI fees typically range from $750-$1,500 for a standard forward exchange. Long Island property values make the tax savings far exceed the cost in virtually every case.
Also Serving
BrooklynManhattanQueensStaten IslandNYCNew JerseyConnecticutFloridaCaliforniaTexasNationwide