New York 1031 Exchange Experts: Identify Replacement Properties & Defer Capital Gains Tax
Our primary role is identifying replacement properties for your 1031 exchange. We help you find qualified like-kind properties in Manhattan, Brooklyn, Queens, Bronx, Staten Island, Westchester, Long Island, and throughout New York State. We also connect you with qualified intermediaries, New York admitted attorneys, and CPAs, and coordinate your exchange to keep your 45-day identification and 180-day closing deadlines on track.
Connect with CPAs
We match you with NY State CPAs
Connect with Attorneys
NY admitted counsel referrals
Connect with QIs
Bonded qualified intermediaries
45 Days to identify • 180 Days to close • NYC & NY State compliant
Why Choose 1031 Exchange New York
Precision planning, statewide coverage, and connections to disciplined advisors who know New York's filing realities.
Statewide expertise
Track every exchange milestone from Manhattan closings to Adirondack land sales with region-specific workflows.
NYC tax awareness
Model RPTT, supplemental transfer taxes, and mansion thresholds before you sign contracts.
Qualified intermediary connections
We connect you with bonded, insured QIs and help review escrow safeguards before funds move.
Attorney referral network
We connect you with New York admitted attorneys for contract addenda, parking agreements, and title corrections.
Timeline discipline
Weekly milestone reports confirm you stay compliant with 45-day identification and 180-day funding cutoffs.
A 1031 exchange defers federal and state income tax on qualifying real property. It does not remove NYS or NYC transfer taxes. Review the NYC Real Property Transfer Tax and New York State transfer tax guidance.
How a 1031 Exchange Works
We anchor each step in your calendar and confirm documentation before the next deadline.
Sell relinquished property
Close on the asset you are disposing, ensure proceeds move directly into the qualified intermediary escrow, and gather the settlement statement for Form 8824.
Identify replacements within 45 days
Submit your 45-day identification letter with three-property or 200 percent rules, timestamped and acknowledged by the intermediary.
Close within 180 days
Complete due diligence, line up financing, and close on the replacement asset no later than 180 days after the first closing or your tax filing date.
Key resources
Safe harbor note
Rev. Proc. 2008-16 offers a vacation home safe harbor when the property meets rental-use thresholds and personal-use limits. Review the full procedure before identifying short-term rental assets.
Services Preview
Each engagement is built around a disciplined project plan with measurable deliverables.
Service
Qualified Intermediary Coordination
Match you with bonded New York-ready QIs and manage escrow instructions from listing through funding.
Service
Exchange Timeline Planning
Sequence marketing, identification, and due diligence workflows so the 45- and 180-day markers stay crisp.
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Reverse Exchange Setup
Structure parking arrangements with EAT entities and lender coordination for tight Manhattan transactions.
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Construction Exchange Oversight
Guide improvement exchange budgets and draw schedules while preserving safe-harbor compliance.
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CPA and Attorney Alignment
Keep advisors in sync with closing statements, Form 8824 data, and transfer tax disclosures.
Service
Investor Readiness Audit
Review entity docs, debt payoff letters, and lien releases before you sign a relinquished contract.
Property Types We Guide
Align your replacement strategy with cap rates, financing outlook, and submarket fundamentals.
Multifamily Portfolio
Reallocate rent-controlled assets into newer stabilized properties while deferring gain.
Triple Net Retail
Trade out of management-heavy storefronts into NNN leases with dependable cash flow.
Office
Balance ground-floor retail and residential units under a compliant exchange umbrella.
Industrial
Capture warehouse demand from downstate logistics hubs while preserving capital.
Medical Office
Shift into healthcare tenancy with long-term leases and durable valuation.
Hotel
Reinvest proceeds from boutique hotels into larger flagged properties with expert counsel.
New York Coverage
From borough-sensitive exchanges to upstate expansions, we coordinate every filing.
New York City
Coordinate borough-specific transfer taxes, RPTT returns, and UCC payoff timing.
Brooklyn
Guide mixed-use brownstone exchanges and track DOB sign-offs before funding.
Queens
Navigate 1031 timelines alongside 421-a expirations and coop board reviews.
Bronx
Support portfolio swaps across multifamily clusters with lender rehearse.
Staten Island
Manage waterfront dispositions and coordinate ferry-adjacent replacement tours.
Albany
Align state agency schedules with your replacement closing packets.
Buffalo
Balance opportunity zone considerations with exchange compliance.
Rochester
Plan construction exchanges for adaptive reuse and tech conversions.
Syracuse
Support student housing transitions with disciplined escrow draws.
White Plains
Integrate county recording queues into your 180-day checklists.
Our advisors track local filing calendars, recorder delays, and lender requirements so your intermediary receives every signed document ahead of the deadline. NYC nuances such as RPTT, mansion tax, and ACRIS uploads are baked into your schedule.
See locationsPlan Your Numbers and Timing
Run quick calculations and map every deadline before escrow opens.
1031 Exchange FAQs
Straight answers grounded in current IRS guidance and New York reporting requirements.
What are the 45 and 180 day rules?+
The IRS requires that you identify replacement property within 45 calendar days of the relinquished closing and complete the acquisition within 180 days. Missing either deadline disqualifies the exchange, so we map each milestone and confirm delivery receipts.
What properties qualify as like-kind?+
Any real property held for productive use in a trade, business, or investment can exchange for other real property of the same use class. That includes raw land, rentals, commercial assets, and certain leasehold interests, but excludes primary residences and inventory.
How is “boot” taxed?+
Boot is any cash or non-like-kind value you receive during the exchange. It is taxed as recognized gain. We review projected closing statements so you can proactively reduce or plan for boot, including debt replacement and prorations.
How are state and city transfer taxes handled?+
New York State and New York City transfer taxes still apply in a 1031 exchange. We review the RPTT and TP-584 filings, coordinate QI payments, and confirm these costs do not jeopardize your identification funds.
Can I complete a reverse exchange?+
Yes. A reverse exchange allows you to purchase the replacement property before selling the relinquished asset using an exchange accommodation titleholder. We handle EAT structuring, loan consents, and safe-harbor documentation.
How do I report the exchange on Form 8824?+
You report the transaction on IRS Form 8824, Like-Kind Exchanges. We prepare a closing summary with replacement property basis, boot calculations, and timeline verification so your CPA can accurately complete Part III of the form.
Request Your Exchange Consultation
Tell us about your transaction. A senior exchange coordinator will confirm availability and next steps.
Educational content only. Not tax or legal advice. We coordinate with your advisors to validate final positions.
Contact
Talk with a coordinator
Call us before you sign a contract or open escrow. We will review transaction milestones and confirm intermediary availability.
Phone: 646-846-0537
Hours: Monday–Friday, 8:30am–6:00pm ET
Service areas
Manhattan · Brooklyn · Queens · Bronx · Staten Island · Westchester · Long Island · Hudson Valley · Albany · Buffalo · Rochester · Syracuse
Office
Serving all of New York State.
Compliance: We coordinate with bonded qualified intermediaries, New York admitted attorneys, and CPA firms familiar with IRC §1031, Form 8824, and local transfer tax filings.
Review IRS resources: Form 8824 · Like-kind exchange rules