Real Estate

Operating in the real estate industry holds special challenges. In the New York region, competition is fierce, and tax laws are constantly changing. At Grassi & Co., we help real estate clients meet these challenges and maintain their edge in the marketplace. We keep abreast of financial trends and issues, while helping clients find fiscal solutions in this constantly evolving market. Our knowledgeable, proactive and experienced advisors assist real estate clients in all stages of business growth. Grassi & Co. serves a large segment of the local and regional real estate market, companies that aggressively seek to increase efficiency, improve operations and raise their bottom line.  Specifically, the firm works with real estate investors, developers, management companies and other related businesses to help them navigate the choppy waters of the real estate industry. Our real estate experts develop accounting systems to improve operations and reduce overhead. Part of our consultative approach focuses on recommending tax-saving strategies—such as like-kind exchanges and cost segregation studies—to help accelerate depreciation opportunities. Grassi & Co. serves the real estate industry with the following services:

Tax Planning: Advanced and perceptive tax planning is crucial for any successful business.  Our tax experts ensure that clients comply with complex and ever-changing tax laws. On a highly customized basis, we also consult with clients throughout the year to assess, implement and maximize tax-saving opportunities. 

See how Section 179D Commercial Building Tax Credits can help your business.

Accounting and Auditing Services:  Our expertise in the real estate sector allows us to provide in-depth, detailed financial analysis. We are adept at performing the following:
Audits, reviews and compilations of financial statements
Acquisition due diligence procedures  
Assistance in loan negotiations
Assistance in budget preparation and cash management
1031 exchanges
Internal control reviews

Lease Consulting:  Our real estate professionals inspect operating leases for compliance with lease terms. We also ensure proper application of tax rules to maintain maximum deductibility and cash flow.

In addition, we provide the following ancillary services to real estate-related organizations:
Cost Segregation Studies
Like-Kind Exchanges of Property 

Due Diligence
Private Real Estate Ventures
Condemnation Issues

Grassi & Co. also serves specific sectors of the real estate industry, including the following:

Commercial owners, commercial developers, management companies

Click here for a brochure detailing the services provided by the Grassi Real Estate Niche Practice