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Real Estate—Bargain Sale

Bargain Sale of Real Estate Diagram. Description of image is listed below.

How It Works

  1. You sell property to Northwell Health for less than its fair-market value—usually what you paid for it
  2. Northwell Health pays you cash for agreed sale price, and you receive an income-tax deduction
  3. Northwell Health may use or sell the property

Benefits

  • You receive cash from sale of property (sale price is often the original cost basis)
  • You receive a federal income-tax deduction for the difference between the sale price and the fair-market value of the property
  • Northwell Health receives a valuable piece of property that we may sell or use to further our mission

 

Contact Us

Alexandra P. Brovey, J.D., LL.M.
Senior Director, Gift Planning
Phone: (516) 321-6262
E-Mail: abrovey@northwell.edu

Hazel Paulino
Gift Planning Project Manager
Phone: (516) 321-6260
E-Mail: hpaulino@northwell.edu

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