Skip to main content

New York Deferred Exchange Co

Tax consultant in Syosset, NY (show on map)
Google 5.0
★★★★★
146 reviews

NYDEC is a leading Qualified Intermediary for Like-Kind Property Exchanges since 1991, offering secure and professional exchange services.

Call (516) 364-2949
Navigate to Visit website
New York Deferred Exchange Co website

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.

Established since 1991
Primary press source for IRC Section 1031 exchanges
Featured in major media for expertise
Bonded and insured with no claims
Provides boutique, strategic planning services

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.

Eligibility for properties held for investment or business use Segregated, FDIC-insured exchange accounts Dual signature account protection

Reverse Exchanges

Used when selling relinquished property before purchasing replacement property is impractical, involving a parking phase in an LLC.

Complex procedure to comply with Federal Statutes Use of a single-member LLC for the parking phase

Construction Exchanges

Allows exchangers to purchase and improve replacement property within the context of a property exchange using an LLC structure.

Permitted within Forward or Reverse Exchange contexts Construction managed by the Exchanger

Credentials & Certifications

Recognition by Federation of Exchange Accommodators (FEA)
Since 1990s

Reviews

Google
Rating
5
★★★★★
Reviews
146
"We have used his professional services many times, and will again."

Frequently Asked Questions

What is a Like-Kind Property Exchange? +

A Like-Kind Property Exchange, governed by IRC Section 1031, allows property owners to defer capital gains tax by exchanging one investment or business property for another of like kind without selling the original property.

How does NYDEC protect exchange funds? +

NYDEC houses all exchange funds in segregated bank accounts bearing the exchanger’s tax identification number, ensuring FDIC insurance, bonding, and dual signature protection.

What types of exchanges does NYDEC handle? +

NYDEC acts as a Qualified Intermediary for Forward, Reverse, and Construction exchanges, catering to various property types including CO-OPs, air rights, Delaware Statutory Trusts, and mineral rights.

Contact New York Deferred Exchange Co

New York Deferred Exchange Co
Website
nydec.com
Category
Tax consultant
Wheelchair Accessible
Call (516) 364-2949

Opening Hours

Sunday
Closed
Monday
9 am–5 pm
Tuesday
9 am–5 pm
Wednesday
9 am–5 pm
Thursday
9 am–5 pm
Friday
9 am–5 pm
Saturday
Closed

Location

Location of New York Deferred Exchange Co, 6800 W Jericho Turnpike Suite 120 W, Syosset, NY 11791 · View on Google Maps

Screenshot Gallery

Get in Touch

Ready to work with New York Deferred Exchange Co?

Reach out today to schedule a consultation.

(516) 364-2949

Related Businesses

Listing issue? Report this listing →
Prioritize this listing: Featured Listing →