VandeWater & Associates Licensed Real Estate Brokerage
COMING SOON FOR 2025
93 ACRES ONLY 25 MINUTES FROM BEAUTIFUL OLD FORGE
SCENIC ADIRONDACK PONDS
PAVED ROAD FRONTAGE WITH ELECTRIC/TELEPHONE
WALK TO MOOSE RIVER
ACCESS TO SNOWMOBILE TRAIL
EXCELLENT HUNTING
ONLY $159,000
"Price is subject to change"
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WHAT IS A 1031
Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction.
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"It was a pleasure working with Mr. Vandewater. He is extremely knowledgeable regarding property in upstate New York. He was able to answer all my questions thoroughly. He moved quickly to visit my property; and he returned calls with valuable information. He negotiated on my behalf to get me the best possible price and he referred me to a competent local attorney to handle the property closing on my behalf. The entire time frame was extremely quick:
Received initial postcard on 8/11/23
Signed contact to sell property on 8/18/23
Returned signed contacts to purchase property on 9/8/23
Sent all materials to seller's attorney on 9/12/23
Returned all closing signed documents on 10/16/23
Closing occurred on 10/19/23
Received checks on 10/21/23
Sincerely,
Richard S. Toomayan"
Richard Toomayan
Received initial postcard on 8/11/23
Signed contact to sell property on 8/18/23
Returned signed contacts to purchase property on 9/8/23
Sent all materials to seller's attorney on 9/12/23
Returned all closing signed documents on 10/16/23
Closing occurred on 10/19/23
Received checks on 10/21/23
Sincerely,
Richard S. Toomayan"
Richard Toomayan