Month: January 2018

#NOFEE #NYC #RENTALS #HamiltonHeights #Harlem

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New To Market. NOFEE Harlem Apartment Rentals. Located on Broadway in the Columbia University, City College of New York neighborhood, these renovated units are affordable for all, but especially college students and their families.

The higher floor units offer Spectacular views of the Hudson River and Downtown Manhattan.

The current Deal of the Week: 1Bedroom/1Bathroom/$2050, for a 19 month lease.

For Appointments to View and Rentals:

fdallengroup@aol.com/646.599.0347Hamilton Heights

New Tax Laws 2018 Luxury Real Estate NYC

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The new tax bill has major changes on the Real Estate Tax Deductions. What does this mean? As every Homeowner or Homebuyer situation is different, I recommend that you speak with your Accountant or CPA.

The loss of Mortgage and Real Estate Tax Deductions may be offset by higher standard deductions and potential lower tax bracket.

Old Mortgage and Real Estate Tax Provisions

*Deductions of interest on $1,000,000 First Mortgage and $100,000 on a Second Mortgage.

*Real Estate Taxes can be deducted

*Capital Gains Taxes on the Sale of a Property can be exempted if it was your primary residence and you lived in it for 2 of the last 5 years. $250,000 for Singles and $500,000 for Married couple.

*SALT Tax-Non Real Estate Tax, allows deduction of State and Local Taxes.

New Mortgage and Real Estate Tax Provisions

*You can now deduct interest up to a $750,000 mortgage. For new mortgages, there are no HELOC deductions. Old mortgages are grandfathered in up to $1,000,000.

*You can only deduct a maximum of $10,000 of Real Estate Taxes, but a part of maximum of $10,000 of itemized deductions.

*Status-Quo Exemption on Capital Gains Tax on the sale of a property that you have lived in as a primary residence the last 2 of 5 years. $250,000 for Singles,and $500,000 for married couple.

*SALT Tax-Non Real Estate tax,also included in the maximum of $10,000 of itemized deductions.

2018 Standard Deductions and Exemptions

The new tax rules also make big changes to the standard deduction and exemptions.

The standard deduction is jumping BIG TIME this year! Below are standard deductions by tax filing status.

*Married Filing Jointly/Surviving Spouse $24,000

*Heads of Household $18,000

*Single $12,000

*Married Filing Separately $12,000

2018 Income Tax Brackets

Rate      Individuals                      Married Filing Jointly

10%     Up to $9,525                      Up to, $19,050

12%     $9,526 to $38,700             $19,051 to $77,400

22%     $38,701 to $82,500           $77,401 to $165,000

24%     $82,501 to $157,500         $165,001 to $315,000

32%     $157,501 to $200,000       $315,001 to $400,000

35%     $200,001 to $500,000       $400,001 to $600,000

37%     Over $500,000                   Over $600,000

The FD Allen Group Inc is ready and available this New Year, to assist all new Home Buyers with answers to questions and navigating the Home Buying Process in NYC, whether its through Mortgage Financing or All Cash Purchases.

Call us today. We’ll take good care of you.

212.561.6720-Office

646.599.0347-Mobile

Email: fdallengroup@aol.com

Frank Allen – Founder and CEO

 

CEO Speaks…Happy New Year 2018 Luxury Real Estate NYC

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Hello World! Happy New Year 2018!

Who We Are:

We are the people you trust with the single most important aspect of your life, Your Shelter, Your Home, Your Condo, Your Sanctuary.

We are the people that you entrust with Your Quality of Life and Peace of Mind, in the New Year and Beyond. Your friendly neighborhood Real Estate Broker!

The FD Allen Group Inc has one of the most experienced, comprehensive Luxury Real Estate and Corporate Relocation Staffs in New York City, whose clients include, Fortune 500 Corporations, VIPs, High Profile Individuals, Professional Athletes, Young Families, First Time Homebuyers, and Financial Institutions around the globe.

What We Offer:

With an experienced staff that has over 30 combined years of Luxury Real Estate Sales and Rental deals in the books, there is nothing we have not seen, and  we are truly in touch with the unique demands of today’s Real Estate Buyers, Sellers, Renters, and Relocatees in NYC.

In addition to our core business of Skyscraper Condo Sales and Rentals, we also offer Premium Property Management Services, for Absent Owners and Landlords.

Don’t let this New Year 2018, catch you making Life Decisions on Real Estate, without having a Professional Licensed Real Estate Broker as your partner.

We look forward to giving you our Three E’s! Energy, Effort, and Expertise!

All at 100%. All the time!

To schedule an Appointment to discuss Luxury Real Estate, Sales and Rentals, Condos or Multifamily Homes in NYC, please reply via email or call our office. Please leave a concise message if no one is available.

Email: fdallengroup@aol.com

Telephone: 212-561-6720

Wishing you the Best Year 2018, of your Life!!!

Frank Allen, Founder and CEO