Falling in Love with the Future A 2-for-1 Manhattan Upgrade
Total Value: $2.3M
Timeline: 173 Days
Tax Deferred: $326K Result: 1031 Success
The Challenge
Our clients needed to sell two Brooklyn properties—a co-op and a condo—to purchase a Manhattan condo within a 1031 exchange timeline. Coordinating both closings and securing the right replacement required precise timing.
​ Strategy
We launched the co-op first knowing it would take longer to close, then listed the condo after accepting an offer. We aligned both buyers’ timelines and conducted ROI analyses across Manhattan We found a condo that could serve as both an income-producing asset and, one day, their forever home. We negotiated a sales-contingent contract at an excellent price.
​ Result
​
Both properties sold with significant gains. The 1031 exchange was completed on time, allowing the clients to defer taxes and invest in a high-performing Manhattan asset—a rental today and their future dream home tomorrow.
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