Touchdown Abstract Services, Inc.

Touchdown Abstract Services, Inc.

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LUNCH BOX CRITICS
November 13, 2020
Grilli’s Gourmet Deli
225 Islip Ave, Islip, NY 11751
(631) 277-2166

Bacon, Grilled Cheese– Definitely indulgent on its own-Perfectly golden and crisp exterior, gooey, crispy bacon interior.
Loaded Potato Soup- Full of flavor, huge portion. Highly recommend
It's time for our !

Today's term ... Reclaimed Lumber:

Lumber reclaimed by "deconstruction" of a building or structure. This lumber can be used for non-structural applications such as paneling and flooring and, if re-graded, can be used in structural applications. Major advantages include usually higher quality surface characteristics (it often came from tight-grained old-growth lumber), less cost than new lumber and reduction in landfill wastes (although it can be easily mulched). Major disadvantages are that it is fairly labor-intensive to clean up and, after many years of drying, is often very hard to nail. It may need to be predrilled, increasing installation cost.

Photo courtesy of Viridian Wood
🎉🎈Come on down! The Price Has 〽️Dropped! Join us at our Open 🏡House for this beautiful home in Smithtown on Sunday, 9/8/19 from 1pm to 3pm! Newly renovated, wood floors, finished basement, Eat-in Kitchen with stainless steel appliances, and so much more! Down from $649,000, Now $569,000!

We ARE Your Real Estate Resource Team! 🏈
🎈Join Touchdown Homes for our Open House🏡 on Sunday, August 11th from 12:30pm to 2:30pm at 1136 S. Service Rd., Brookhaven NY 11719!

Can't wait to show you around this fabulous home! 🏠🙋‍♀️

We ARE your Real Estate resource team! 🏈
🎈COME ON DOWN! 🎈

Join Touchdown Homes, Inc. for their Open House 🏠 this weekend on Sunday, August 4, 2019 from 1 to 2pm. Looking forward to seeing you there!

》1136 S. Service Rd., Brookhaven NY 11719《
🎉ANOTHER SUCCESSFUL CLOSING! Thank you, Lora A. Rosenthal of Touchdown Abstract, Inc., for your outstanding service! 🏘

We ARE your real estate resource team!
Happy August! To celebrate, we'll be sharing some terms starting today! Get ready to think Green!

>Thermal Bridging: The process in which a material with poor insulation quality allows heat to pass through a material with greater insulation quality.
🎈Check out our Open House events in Smithtown and Brookhaven, Saturday, July 27th, from 12:30pm to 2:30pm.🏘
DID YOU MISS US LAST NIGHT? No worries, you can still listen to the show! And if you'd like to comment or ask questions, it's not too late... leave them below!

https://www.facebook.com/VillageConnectionNetwork/videos/2243144045723178/?sfnsn=mo
NALS of SUFFOLK COUNTY…
the association for legal professionals

General Meeting

Wednesday, September 11, 2019
6:00 p.m.-8:00 p.m.

at

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard, 2nd Floor
Islip, New York 11751

Please RSVP to: [email protected] or
(631) 224-7196
*Please note pizza and cookies will be served*

**********************************************************
Our guest speakers: Concetta Spirio, Esq.
Elizabeth Vaz, Esq.
Topic: Collaborative Law
This will be an interactive meeting

A full service title abstract company title, mortgage and real estate services

08/10/2023

In-the-door approach

• An approach to estimating the trade area and sales/revenue potential for a given retail establishment or center based on observed flow patterns or traffic counts. Estimates are obtained for both the percentage of traffic that stops or patronizes that establishment/center and the percentage of people coming in the door who make a purchase.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

08/08/2023

Real Estate Cycles/Phases

• The regularly repeating sequence of economic downturns and upturns and associated changes in real estate market transactions tied to market dynamics and changing macroeconomic conditions, whose phases include (in order) recession, recovery, expansion, and oversupply.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

08/07/2023

MARKET ANALYSIS

• The process of examining market supply and demand conditions, demographic characteristics,
and opportunities; identifying alternative locations/sites that meet specific objectives or satisfy various criteria; and assessing the financial feasibility of those locations/sites to facilitate decision making regarding the commercial potential or suitability of various locations/sites to support a given activity or use.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

08/03/2023

Operating Expenses

• Cash outlays necessary to operate and maintain a property. Examples of operating expenses include real estate taxes, property insurance, property management and maintenance expenses, utilities, and legal or accounting expenses. Operating expenses do not include capital expenditures, debt service, or cost recovery.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

Photos from Touchdown Abstract Services, Inc.'s post 07/30/2023
Photos from Touchdown Abstract Services, Inc.'s post 07/25/2023

OPEN HOUSE

July 29, 2023, Saturday from 12:00 PM - 3:00 PM
July 30, 2023, Sunday from 12:00 PM - 2:00 PM

$649,500
318 Oakwood Avenue,
West Islip, NY 11795

Welcome Home! Fully renovated Cape with hardwood floors located on large lot in desirable West Islip. Main floor features, 2 bedrooms, full bath, EIK with all new appliances and quartz countertops, LR/DR and bonus entertainment area with sliders. Second floor features 2 bedrooms and full bath. Full basement partially finished, egress windows, laundry/utility room, storage, perfect for gaming. One car attached garage fully insulated. Fully fenced yard to enjoy. Conveniently located near major highways, shops, restaurants, parks, and public transit. Won't last.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

07/24/2023

Balloon Payment

• The final payment of the balance due on a partially amortized loan.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

07/17/2023

Apportionment

- Adjustment of the income, expenses or carrying charges of real estate usually computed to the date of closing of title so that the seller pays all expenses to that date. The buyer assumes all expenses commencing the date the deed is conveyed to the buyer.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

07/13/2023

Assumption of Mortgage

- The taking of title to property by a grantee, wherein the grantee assumes liability for payment of an existing note or bond secured by a mortgage against a property and becomes personally liable for the payment of such mortgage debt.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

07/07/2023

Prestige and Property Classes

• Recognition that various status levels may be assigned to commercial properties as defined by user needs, the quality of a property, and its amenities in relation to site factors and its general location, suggesting the division of properties into distinct classes.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

07/06/2023

Multi-tenant

• Industrial space category that attracts the smallest user of industrial space (1,000 to 5,000 square feet). It often is situated in a complex of similar buildings, where necessary support services are located in or near the complex. Multi-tenant properties might contain incubator space for start-up high tech, warehousing, or distribution tenants renting on a short-term basis. Buildings for such tenants usually require 18-foot or higher ceilings, efficient truck- loading arrangements, and office space.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

07/03/2023
07/03/2023

Boot

-The term used for any property, object, or money a person receives in addition to the like/kind property in a 1031 exchange. While a straight like/kind (or property-for-property) exchange is usually tax-deferred, if you get more boot than you give in the transaction, that extra cash, property, or object will be taxable.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

07/01/2023

Growth patterns

• The patterns of urban or population growth in a geographic market. These are an important consideration in retail trade area analyses, as growth patterns are known to affect sales/revenue potential within a market given the tendency of retail to follow population movement and income concentrations over time.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

06/28/2023

Substitute Basis

• The basis in a property acquired in a qualified Internal Revenue Service Section 1031 exchange and reduced by deferred gain.
For example, if the market value of a property given up is $200,000 and the basis in that property was $75,000, then realized gain equals $125,000. If the market value of property acquired through a tax- deferred exchange is $350,000, then subtracting the unrecognized gain of $125,000 equals the substitute basis of $225,000. The effect of this adjustment to basis is to build the deferred $125,000 gain into the property acquired. If the new property were sold the next day for $350,000, a $125,000 gain would be reported.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

06/28/2023

Sublease

• A lease in which the original tenant (lessee) sublets all or part of the leasehold interest to another tenant
(known as a subtenant) while still retaining a leasehold interest in the property. Also known as a sandwich lease due to the sandwiching of the original lessee between the lessor and the subtenant.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

06/26/2023

Futterman, Lanza & Pasculli, LLP Estate planning, elder law and medicaid planning attorneys located on Long Island, NY.

06/24/2023

Internal rate of return (IRR)

• The percentage rate earned on each dollar that remains in an investment each year. The IRR of an investment is the discount rate at which the sum of the present value of future cash flows equals the initial capital investment.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

06/19/2023

Exchange

• Real estate traded for other like-kind property. Under Section 1031 of the Internal Revenue Code, like-kind property used in a trade or business or held as an investment can be exchanged with all capital gains taxes deferred until the newly acquired real estate is disposed of in a taxable transaction. The philosophy behind the deferral of capital gains taxes is that taxation should not occur as long as the original investment remains intact in the form of like-kind real estate (like-kind refers to real property as such, rather than the quality or quantity of property).

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

06/14/2023

Boot

- The term used for any property, object, or money a person receives in addition to the like/kind property in a 1031 exchange. While a straight like/kind (or property-for-property) exchange is usually tax-deferred, if you get more boot than you give in the transaction, that extra cash, property, or object will be taxable.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

06/11/2023

Building Loan Agreement

- An agreement whereby the lender advances money to an owner primarily in the er****on of buildings. Such funds are commonly advanced in installments as the structure is completed.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

05/30/2023

GROSS LEASABLE AREA (GLA)

• The total floor area designed for tenant occupancy and exclusive use, including basements, mezzanines, and upper floors, measured from the center line of joint partitions and from outside wall faces. GLA is that area on which tenants pay rent; it is the area that produces income.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

05/16/2023

Operating Expenses

• Cash outlays necessary to operate and maintain a property. Examples of operating expenses include real estate taxes, property insurance, property management and maintenance expenses, utilities, and legal or accounting expenses. Operating expenses do not include capital expenditures, debt service, or cost recovery.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

Photos from Touchdown Abstract Services, Inc.'s post 05/03/2023

OPEN HOUSE

May 7, 2023, from 1pm to 3pm
$615,000
74 Mt. Sinai Coram Road,
Coram, NY 11727

This newly renovated horse property exemplifies a unique blend of modern design while preserving the historical character. Featuring a two-stall barn, tack room, and third mini horse stall with Hay Loft over the two-car garage and riding ring to spend quality time with your horses on an acre of private, wooded property.

This old-world charming Colonial features a brand-new eat-in kitchen with new stainless appliances, granite countertops, new floors, and high-quality finishes. Hardwood floors throughout the home. Office for privacy and full bath on the first floor with a cozy fireplace for pleasure or leisure in the family room. Primary bedroom plus two additional bedrooms and spacious bathroom with vaulted ceilings on the second floor.

Full-finished basement with half bath ideal for entertainment, gaming, or hobbies. The siding and roof are 2 years young! Immerse yourself in scenic outdoor living with a covered deck, a completely fenced yard, a fish pond, and a chicken coup.
New generous extensive graveled private driveway leading to a 2 car garage perfect for any collection. Tons of extra yard space for parking vehicles or trucks

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

05/01/2023

Common area maintenance (CAM)

• Charges the tenant pays for the upkeep of areas designated for use and benefit of all tenants. CAM charges are common in shopping centers, where tenants are charged for items such as parking lot maintenance, snow removal, and utilities.

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

Photos from Touchdown Abstract Services, Inc.'s post 04/22/2023

Open House Saturday and Sunday from 1 to 3 pm.

31 Oregon Ave,
Medford, NY, 11763
$690,000

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

Photos from Touchdown Abstract Services, Inc.'s post 04/15/2023

Open House is scheduled for Sunday, April 16, 2023, from 12 noon to 2pm.

22 Springfield Cir #22,
Central Islip, NY 11722
$410,000

Move right into this well-maintained Avon Model Townhouse with an open floor plan in the desirable Park Row Community. Quiet area with parking. The first level features an eat-in kitchen, half bath, dining room, and living room with cathedral ceiling with sliders to a large rear deck.

Clean and bright with plenty of natural light. Primary bedroom with walk-in closets with additional bedroom and full bath on the second floor. Attached garage and full basement for storage and hobbies. Cozy front porch for relaxing. Amenities include Gym, Pool, Tennis Courts, and Playground. HOA Fees: 287.19 Sewer: 45 quarterly

Touchdown Abstract Services, Inc.
350 Moffitt Boulevard - 2nd Floor
Islip, New York 11751
Phone: (631) 224-7196
Fax: (631) 224-7197

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Touchdown Abstract Inc. was recently featured on NY State Solar. We are proud to have the ability to offer Solar to our ...

Telephone

Address


350 Moffitt Boulevard, 2nd Flr
Islip, NY
11751

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

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