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We have earned a reputation as a
leader in providing specialized services to the real estate industry - including
construction, land use, commercial and residential buildings, assisted-living
facilities, shopping centers, commercial condominiums, real estate brokerages,
real estate investment trusts, real estate developers and real estate syndicators. We have also served on the AICPA's Real Estate
Accounting Committee and are members of the Real Estate Board of New York (REBNY)
and the Real Estate Committee of the NYSSCPAs.
One of PKF’s partners
contributed to the authorship of the AICPA’s Accounting for Real Estate Syndication Income (Statement of Position
92-1). PKF is actively engaged as the independent auditors of more than 125 cooperative housing corporations and condominium associations in the metropolitan area and is a member of the Council of New York Cooperatives. Its expertise in the areas of condominium and cooperative housing taxation at both the Federal and State levels is widely recognized. In this connection, PKF professionals often are asked to solve problems dealing with Sections 216 and 277 and Subchapter T of the Internal Revenue Code, state sales tax assessments and other tax matters. With over 50 years of continuous service to the Common Interest Realty Association (CIRA) industry, PKF has the technical background and experience that officers and board members can rely on. In addition to audit and tax services, PKF also performs budget reviews, cash flow projections and financial planning (i.e., capital projects, debt refinancing, etc.) for its CIRA clients. |

REAL
ESTATE AND COOPERATIVE AND
CONDOMINIUM HOUSING ENTITIES