KW Commercial New York has a direct channel into the OZ world with the ability to provide OZ consulting and private access to market rate and/or affordable development investments.
An Opportunity Zone is an economically distressed community where private investments, under certain conditions, may be eligible for capital gain tax incentives.
These incentives are, in many cases, a vast improvement over the more well-known 1031 process. For example, the asset does not have to be a like-kind exchange, the capital gain funds can come from a variety of sources such as the sale of stocks or art- work.
Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act, to stimulate economic development and job creation, by incentivizing long- term investments in low-income neighborhoods.
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