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

12/15/2022

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

12/15/2022

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

12/05/2022

102 Gillette Ave Patchogue, NY 11772
Price: $549,000
MLS #3430368
Located within the Village of Patchogue and walking distance to downtown Main Street Patchogue where you can enjoy all that Patchogue has to Offer! This spacious 3 Bedroom 2 Bath expanded Ranch located on a quiet street with open floor plan and eat in kitchen, dining room, living room with a bonus lounge room that opens to a large deck perfect for entertaining, relaxing or barbeque. Full Basement with lots of storage is partially finished and ready for movies or gaming. Solar Panels are leased $84.00 monthly. Gas Fireplace. Don't miss this opportunity.
Directions: Sunrise Highway to South Ocean Avenue, Right onto Roe Blvd, Right onto Gillette Avenue

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

11/30/2022

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
S

11/30/2022

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

11/26/2022

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

11/24/2022
11/24/2022

Due Diligence

• The process of examining a property, related documents, and procedures conducted by or for the potential lender or purchaser to reduce risk. Applying a consistent standard of inspection and investigation can determine whether actual conditions reflect the information represented.

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

11/16/2022

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

11/16/2022

Imperfect Market

• A market in which product differentiation exists, important product information is lacking, and certain buyers or sellers may influence the market. Commercial real estate is bought and sold in an imperfect market.

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

11/08/2022

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

11/04/2022

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

10/31/2022
10/31/2022

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

10/30/2022

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

10/26/2022

ASSIGNMENT

• A transfer in which all of the tenant’s leasehold interest in a property goes to another party.
Nevertheless, the original tenant remains liable unless released from future obligations by the owner.

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

10/20/2022

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

10/19/2022

102 Gillette Ave Patchogue, NY 11772
Price: $569,000
MLS #3430368

Located within the Village of Patchogue and walking distance to downtown Main Street Patchogue where you can enjoy all that Patchogue has to Offer! This spacious 3 Bedroom 2 Bath expanded Ranch located on a quiet street with open floor plan and eat in kitchen, dining room, living room with a bonus lounge room that opens to a large deck perfect for entertaining, relaxing or barbeque. Full Basement with lots of storage is partially finished and ready for movies or gaming. Solar Panels are leased $84.00 monthly. Gas Fireplace. Don't miss this opportunity.
Directions: Sunrise Highway to South Ocean Avenue, Right onto Roe Blvd, Right onto Gillette Avenue

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

10/15/2022

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

Photos from Touchdown Abstract Services, Inc.'s post 10/07/2022

Open House 10/08/2022 1-4pm

Includes Virtual Tour
102 Gillette Ave Patchogue, NY 11772
Price: $699,000

Located within the Village of Patchogue and walking distance to downtown Main Street Patchogue where you can enjoy all that Patchogue has to Offer! This spacious 3 Bedroom 2 Bath expanded Ranch located on a quiet street with open floor plan and eat in kitchen, dining room, living room with a bonus lounge room that opens to a large deck perfect for entertaining, relaxing or barbeque. Full Basement with lots of storage is partially finished and ready for movies or gaming. Solar Panels are leased $84.00 monthly. Gas Fireplace. Don't miss this opportunity.
Directions: Sunrise Highway to South Ocean Avenue, Right onto Roe Blvd, Right onto Gillette Avenue

Touchdown Abstract Services, Inc.
350 Moffitt Blvd, 2nd Floor
Islip, NY 11751
(631) 650-6550
Email: [email protected]
Website: http://Touchdownhomesinc.com

10/01/2022

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

09/28/2022

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

09/19/2022

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

09/16/2022

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

09/10/2022

Market Adjustment

A change in market parameters or conditions brought about in response to one or more market signals, including price changes from shifts in supply and demand; typically characterized as cycles, fluctuations, or trends (categories that differ in terms of cause, duration, and impact on commercial real estate markets).

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

09/05/2022
09/04/2022

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

09/03/2022

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

08/30/2022

Imperfect Market

• A market in which product differentiation exists, important product information is lacking, and certain buyers or sellers may influence the market. Commercial real estate is bought and sold in an imperfect market.

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

08/27/2022

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

08/19/2022

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

08/15/2022

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

08/11/2022

Due Diligence

• The process of examining a property, related documents, and procedures conducted by or for the potential lender or purchaser to reduce risk. Applying a consistent standard of inspection and investigation can determine whether actual conditions reflect the information represented.

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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