
Category: Real Estate
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111 Jefferson Ave Port Jefferson, NY Asking REDUCED TO $569K

TOTALLY REDONE- AMAZING HOME WITH VERY LOW TAXES -
Commercial Retial Spaces in Port Jefferson, NY
A FEW RETAIL SPACES FILLED BY Maria Palmar of Jolie Powell Realty-
CAll TODAY IF YOU TOO WOULD LIKE TO BE A PART OF OUR BEAUTIFUL VILLAGE-I HAVE ONE SPACE LEFT AT “CHANDLER SQUARE” in the HEART of the VILLAGE
Plus one WET SPACE available on the corner of East Main and Main Street Port Jeffersonemail- maria@jprealtor.com
or call
631 774 2264 -
38 Old Post Road East Setauket, NY asking for $2300 for Rent
Completely Renovated Ranch With Sprwaling Grounds, New
Siding, Hardwood Floors, Ss Appliances, Backsplash, Anderson Windows, Bathroom
With Marble Tile Throughout, Separate Laundry W/ New Appl, 1 Car Gar Full Unfin
Basement- Also For Sale Or Long Term Rental
Call Today for your private showing Maria Palmar at 631 774 2264
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Charmer in Port Jefferson asking $2300
Location Location Location! High Ceilings, New Hardwood Floors throughout, Freshly Painted, New Windows, New Bathroom- Walk to the Ferry , Harbor, Shops , Eateries , Private Parking- Nestled in the Heart of the Village for this or any other rental visit me @ Maria Palmar at Jolie Powell Realty
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Confused about the 3.8% Real EstateTax?
Confused about the 3.8% Real estate Tax?
Effective January 1st 2013 that this tax WILL NOT be imposed on all real estate transactions, a common misconception. Rather, when the legislation becomes effective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses). The tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI. It is important to review the resources listed above for full details
Applies to: Individuals with adjusted gross income (AGI) above $200,000
Couples filing a joint return with more than $250,000 AGI
Types of Income: Interest, dividends, rents (less expenses), capital gains
(less capital losses)
Formula: The new tax applies to the LESSER of
Investment income amount
Excess of AGI over the $200,000 or $250,000 amount
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What are the Tax Incentives for Commercial and Investment Real Estate?
Owners of commercial real estate also have access to significant federal tax incentives for making energy efficiency improvements. The incentive are available for existing buildings that are renovated of retrofitted, and newly constructed buildings. Though the tax benefits are intended primarily for real estate owners, commercial property tenants who pay for energy improvements may be eligible as well.The primary building components eligible for federal tax benefits in commercial buildings are:
*heating, cooling and water heating systems
*interior lighting equipment
*building envelope improvements (e.g. energy efficient doors, windows, insulation in the roof and exterior walls.
To qualify, the renovated property must meet the ASHRAE 90.1-2001 building standard, and be placed in service no later than December 31, 2016.
ASHRAE refers to the American Society of Heating, Refrigeration and Air-conditioning Engineers; the ASHRE 90.1 standard is that group’s detailed technical requirements for energy efficiency in commercial and other buildings except low-rise residential properties. See www.ASHRAE.org for additional information.
Detailed guidance on claiming deductions, including certifications of improvements, can be found in the IRS Revenue Bulletin 2006-52 and IRS Notice 3008-40 available on the IRS website
Visit our vendors at the GREEN FEST June 16th 2012 in Port Jefferson, for more information visit www.PJGREENFEST.COM or at www.JPREALTOR.COM


















































