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Leah Badach, 1031 Exchange Specialist in Queens, New York

1031 Exchange Specialist Queens NY

Certified Exchange Specialist

The Sontag GroupThe Sontag Group

Queens' trusted qualified intermediary for seamless 1031 tax-deferred exchanges on multi-family homes, mixed-use buildings, and commercial real estate.

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

1031 Exchanges in Queens' Diverse Real Estate Market

Queens is the most ethnically diverse urban area in the world, and its real estate market reflects that vibrancy. From the rapidly developing waterfront of Long Island City to the established residential neighborhoods of Astoria, Flushing, and Jamaica, Queens offers a wide range of investment property types. Multi-family homes, mixed-use buildings with ground-floor retail, and commercial properties along Queens Boulevard and Northern Boulevard are all common assets that Queens investors look to exchange.

Long Island City has experienced explosive growth with new condo developments and commercial construction, driving up values for existing investment properties. Neighborhoods like Astoria, Woodside, and Jackson Heights feature dense concentrations of two- and three-family homes that have appreciated significantly. Investors who purchased rental properties in these areas a decade ago may be sitting on gains of $500,000 or more, making a 1031 exchange essential for preserving equity.

Queens investors face the full weight of New York's tax burden, with combined federal, state, city, and NIIT rates that can exceed 33%. A 1031 exchange defers all of these taxes, keeping your full equity working in your next investment. Leah Badach works with Queens property owners on forward exchanges, reverse exchanges for fast-moving opportunities in competitive neighborhoods, and DST exchanges for investors ready to transition from active management to passive income streams.

Queens 1031 Exchange FAQ

Common questions from Queens investors

Can I exchange my Queens two-family home?
Yes, as long as the property is held for investment. Two-family and three-family homes are among the most commonly exchanged property types in Queens. If you live in one unit, only the rental portion qualifies.
Is Long Island City a good market for 1031 exchanges?
LIC has seen massive appreciation, making it an excellent candidate for selling via 1031 exchange. Many LIC investors exchange into larger multi-family properties or DSTs to diversify and defer substantial capital gains.
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.
What is a reverse 1031 exchange?
In a reverse exchange, you acquire the replacement property BEFORE selling your current property. This is useful in Queens' competitive market where desirable properties move quickly.
What is a DST 1031 exchange?
A Delaware Statutory Trust is a pre-packaged investment property qualifying as like-kind replacement. DSTs are popular with Queens investors transitioning from hands-on landlording to passive income.
How much does a 1031 exchange cost?
QI fees typically range from $750-$1,500 for a standard forward exchange. The tax savings on Queens properties almost always far exceed the cost.
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