Co-op property exchange (NYC Area)
If I decide to exchange it with a multifamily or duplex, is it same as the conventional real estate exchange ? Anything particular I need keep in mind ? Thanks
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I've google searched this quite a bit for my own purposes & it does appear that in the state of New York a co-op is considered real estate for the purpose of a 1031 exchange. So it can be exchanged in a 1031. Obviously I'm not a lawyer or professional so be sure to get a good expert to confirm this.