How Roth conversions might reduce Trump’s $40,000 ‘SALT’ deduction for high earners
Trump to Sign “One Big Beautiful Bill Act” on July 4, 2025 US President Donald Trump is set to sign the Sweep Expenses and Tax Act, informally referred to as the “One Big Beautiful Bill Act,” at the White House in Washington, DC, on July 4, 2025. Conversions of Roth Personal Retirement Accounts have gained […]
NYC could gain over 17,000 additional apartments from conversions
New York City might find a solution to its housing shortage in an unexpected place: unused office buildings. A recent report issued by Secretary Brad Lander suggests that the initial wave of converting offices into residential spaces—triggered largely by vacancies during the pandemic—could yield approximately 17,400 new apartments from 44 different projects. These conversions, which […]
Commercial building to apartment conversions rose 17 percent last year: report – The Hill
Adaptive reuse projects, such as converting old hotels or vacant offices into apartments, are on the rise. According to a report by RentCafe, in 2023 there was a 17.6% increase in apartments renovated from old buildings compared to the previous year. Manhattan has the largest concentration of renovated apartment buildings in the country. The number […]