New York Deferred Exchange Co
NYDEC is a leading Qualified Intermediary for Like-Kind Property Exchanges since 1991, offering secure and professional exchange services.
About
NYDEC has successfully guided New York through the growth stages of Like-Kind Property Exchanges since the game-changing passage of the Safe Harbor Regulations in 1991. As the primary press source authenticating the legality of what was then considered to be a fringe part of the tax code, NYDEC representatives were featured on radio, TV, and leading newspapers.
Hosting dozens of seminars to attorneys, accountants, financial planners, realtors, and property owners during these early years propelled NYDEC’s prominence as the “go-to” NY practitioner as a Qualified Intermediary. Having formed thousands of relationships across the region through the successful accomplishment of real property exchanges of all types, NYDEC continues to be at the forefront of the industry. From the eligibility of CO-OPs, to air rights, to Delaware Statutory Trusts, to mineral rights, the ever-evolving field of IRC Section 1031 requires bright minds willing to invest the time necessary to listen to problems and help develop solutions. Led by professionals who stay current with changing rules governing common issues such as related party transactions, holding requirements, “boot” issues, and a host of other factors, exchangers are afforded a complete sense of comfort prior to proceeding with a transaction.
Services
Forward Exchanges
The most typical type of real estate property exchange where proceeds from the sale of relinquished property are used to purchase replacement property to defer capital gains tax.
Reverse Exchanges
Used when selling relinquished property before purchasing replacement property is impractical, involving a parking phase in an LLC.
Construction Exchanges
Allows exchangers to purchase and improve replacement property within the context of a property exchange using an LLC structure.