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Elika Real Estate
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Taxation of Passive Activity

We recently discussed the benefits of passive income. The IRS defines passive activity as a business in which one does not “materially” participate in. However, rental activity qualifies, no matter the level the participation. One notable exception is if you are a real estate “professional,”... - https://www.elikarealestate.com/taxation-passive-activity/

#Investing, #Nyc, #RealEstateTaxes, #RealEstate, #Taxes
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8 Art Exhibits You Don’t Want to Miss This Winter in NYC

Think beyond the snow and the tree in NYC this winter. Consider seeing the performing arts and visual arts as well. The art scene never dies in NYC, and the winter season brings out the best and brightest artists, as well as a few up and coming artists in the area. Don’t spend your days cooped... - https://www.elikarealestate.com/8-art-exhibits-dont-want-miss-winter-nyc/

#Art, #Nyc
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The Long Game: Why NYC Rental Investment Sets You Up for Financial Security

New York City’s rental market is one of the most expensive in the world, and for good reason. The competition is steep and the cost of living is high. With NYC offering some of the best career opportunities and salaries that are uncommon elsewhere, residents are prepared to pay for the... - https://www.elikarealestate.com/long-game-nyc-rental-investment-sets-financial-security/

#Buyers, #Investing, #RealEstate
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The Noma - 50 W 30

Rising 24 stories and designed by critically acclaimed FXFOWLE and developed by Alchemy Properties, the NOMA offers 55 beautifully appointed condos in the contemporary NoMad district. For luxury at its best, look no further than the Noma.
Architecture
Designed in a neo-Bauhaus style, FXFOWLE... - https://www.elikarealestate.com/noma-50-w-30/

#NewConstruction, #New-Developments
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5 Factors: Convenience vs. Commuting: Weighing the Costs

New York City offers some of the most lucrative careers in the world. As a result, rent and mortgages will be expensive if you choose to live there. Today we will discuss the big decision every career-minded person faces: is it better to spend more on your living space to be closer to work or to... - https://www.elikarealestate.com/5-factors-convenience-vs-commuting-weighing-costs/

#Buyers, #Newyork, #Nyc, #RealEstate, #Renting
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420 West 25th Street, Apt 3G

South-facing loft condominium in West Chelsea’s Gallery District, mere minutes from the Highline. This 2 bedroom 2 bath loft apartment with modernized design elements boasts expansive light-filled living space graced by soaring 14′ ceilings, huge windows, beautiful Nordic Ash... - https://www.elikarealestate.com/properties/420-west-25th-street-apt-3g/
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A Subway Line Breathes New Life

There likely has never been an infrastructure project as eagerly anticipated as the Second Avenue Subway. Decades in the making (the original proposal commenced in 1919, but the Great Depression prevented work from starting, and construction started in 1972 before being halted in 1975 due to the... - https://www.elikarealestate.com/subway-line-breathes-new-life/

#2Ndavesubway, #CityLiving, #Neighborhoods
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Make Your Rental Property Shine: How to Market Your Rentals to Avoid Vacancy

Being a landlord has many rewards when all your units are occupied by good tenants. The steady stream of income you receive from monthly rent payments continually pad your income and become a building block for future investments. When there is a vacancy, however, you may find yourself... - https://www.elikarealestate.com/make-rental-property-shine-market-rentals-avoid-vacancy/

#Investing, #Investment-Properties, #RealEstate, #Renting
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New York City Real Estate Blog - Elika Real Estate http://buff.ly/2lzvxfo
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Millennials Moving in on the Real Estate Market

The millennial generation, or simply millennials, are defined as those born between 1982 and 2000. The U.S. Census Bureau estimates there are 83.1 million millennials as of 2015, or more than 25% of nation’s population. This exceeds the 75.4 million baby boomers. It is a more diverse group than p... - https://www.elikarealestate.com/millennials-moving-real-estate-market/

#Millennials, #RealEstate
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