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Cost Segregation New York, NY

Cost Segregation Study Results

Cost Segregation New York, NY

Cost Segregation New York, NY is a viable cash flow enhancing tool regardless of location, but can be particularly valuable in New York City. New York, with its estimated 8.5 million residents, is the most populous city in the U.S., and the most densely populated city as well. The MSA including New York boasts a population in excess of 23 million. A global power city, New York often described as the cultural and financial capital of the world.

Founded in 1624, New York is arguably the economic center of the U.S., anchored by Wall Street and the financial district containing both the New York Stock Exchange and NASDAQ. It welcomes over 60 million tourists annually, is the gateway for legal immigration to the U.S., and is the most linguistically diverse city in the world with over 800 languages spoken.

Cost Segregation Services New York, NY

The city is a major center for banking and finance, advertising, retailing, world trade, transportation, tourism, high tech applications and real estate. Real estate is a major force in the city’s economy, with the total assessed value for real estate exceeding a trillion dollars for the 2017 fiscal year! According to Forbes magazine, Manhattan was home to six of the top ten zip codes in the U.S. by median housing prices, while Fifth Avenue commands the highest retail rents in the world.  Real Estate is BIG business in New York!

New York is in O’Connor Cost Segregation’s top ten for most studies completed in the past 24 months.  We are there, we are experienced, and we are committed to helping you.


Sample of Actual Study Results

Asset Type

Multifamily
Multifamily
Office
Multifamily
Hotel


Depreciable Basis

$8,546,000
$6,471,000
$17,878,184
$18,864,000
$4,280,440


Purchase Date

02/01/16
02/01/16
07/01/15
02/01/16
10/01/13


Year of Study

2016
2016
2015
2016
2014


1st Year Additional Depreciation

$434,945
$297,126
$876,577
$838,586
$424,465


1st Year Tax Savings

$172,238
$117,662
$347,125
$332,080
$168,088


Year 1 Payback

81.5:1
55.7:1
115.0:1
137.0:1
64.0:1


Initial 5 Years Tax Savings

$765,034
$533,078
$1,422,801
$1,514,634
$286,759


5 Year Payback

363.0:1
253.0:1
472.0:1
628.0:1
110.0:1

* Results from “Catch Up” studies which allow the owner of properties purchased in previous tax years
to benefit from cost segregation in the current tax year without filing amended returns.

** Mid-Quarter depreciation convention utilized due to purchase date.

***Results include bonus depreciation first year calculations.

NOTE: The above listed tax savings are based on a 39.6% tax rate for the owner.

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