Pairing a 1031 clock with new development is powerful—and unforgiving. Identification and closing deadlines do not care about construction delays or “the unit you loved just went out.”
Guardrails
- Identify backup properties early—including NYS options if NYC inventory is thin.
- Confirm whether the replacement property can close inside your window.
- Coordinate QI, attorney, and lender before you fall in love with a rendering.
- Tax outcomes are for your CPA/tax counsel; we help with real estate logistics and inventory.