Simplifying IDA Transactions on Long Island, NY
When you’re acquiring or developing commercial real estate, you may be eligible for financial assistance from the local Industrial Development Agency (IDA). In essence, the property’s fee title is transferred to the IDA, although other advantages also exist. However, it’s important to time when the IDA enters the transaction to minimize title insurance premiums, real estate transfer taxes, and other costs.
Presberg Law, P.C. is here to guide you through IDA transactions on Long Island, NY, and beyond. Our team has extensive experience working with the IDA, so you can count on us to streamline the process and help you maximize your benefits. We can also help you with other IDA dealings, such as obtaining loans or disaster relief funds. Contact our law firm today to schedule a consultation and learn more about how we can assist you with IDA transactions.
Are You Eligible for IDA Assistance?
The New York City Industrial Development Agency strives to support local business growth through tax incentive programs and other benefits. If your commercial property acquisition or development will contribute to business growth, you should talk to our legal team about your eligibility. NYCIDA benefits are discretionary, so we can help you argue your project’s importance.