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Leah Badach, 1031 Exchange Specialist serving New York

1031 Exchange Specialist New York

Certified Exchange Specialist

The Sontag Group The Sontag Group

New York's trusted qualified intermediary for seamless 1031 tax-deferred exchanges on multi-family, commercial, residential, and mixed-use properties.

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

1031 Exchanges in New York

Looking to defer capital gains taxes on your New York investment property? A 1031 exchange lets you sell and reinvest into like-kind property while keeping 100% of your equity working for you. New York's high state and city tax rates make 1031 exchanges essential for investors.

New York taxes capital gains as ordinary income at up to 10.9% — one of the highest in the nation. Working with a Certified Exchange Specialist ensures you meet every IRS deadline and maximize your tax deferral — whether you're exchanging multi-family, commercial, residential, and mixed-use properties in New York City, Buffalo, Rochester, Albany, Syracuse.

Leah Badach, CES at The Sontag Group, has facilitated over 5,000 exchanges totaling more than $1 billion nationwide, including forward exchanges, reverse 1031 exchanges, DST exchanges for passive investors, and construction/improvement exchanges.

New York 1031 Exchange FAQ

Common questions from New York investors

How does a 1031 exchange work in New York?
A 1031 exchange in New York follows the same IRS rules as anywhere in the U.S. You sell an investment property, a qualified intermediary holds the proceeds, you identify replacement properties within 45 days, and close within 180 days. New York taxes capital gains as ordinary income at up to 10.9% — one of the highest in the nation.
Do I need a qualified intermediary in New York?
Yes. IRS rules require a qualified intermediary (QI) to facilitate your 1031 exchange. The QI holds your sale proceeds and ensures compliance with all deadlines. You cannot touch the funds yourself, or the exchange is disqualified. Talk to a certified QI today.
What properties qualify for a 1031 exchange in New York?
Any property held for investment or business use qualifies, including multi-family, commercial, residential, and mixed-use properties. Primary residences and fix-and-flip properties do not qualify. Your replacement property can be in any U.S. state — you're not limited to New York.
Can I exchange my New York property for one in another state?
Absolutely. 1031 exchanges allow you to sell in New York and buy replacement property anywhere in the United States. Many investors use this to diversify into different markets or move into passive investments like DSTs.
Also Serving Nationwide
New York City California Florida Texas New Jersey Nationwide