Purchase Another Investment Property and Utilize a Cost Segregation Study:When you reinvest in a new investment property, you can perform a cost segregation study to accelerate depreciation.

I recommend you really study your market to determine the appropriate rent rate, then market yours 5-10% below the competition for a six-month lease.

It takes a lot of training and continuous study to stay on top of tax law, especially with all the changes in real estate tax rules.

The feasibility study happens here before any filings occur with NYC DOB. 

If there is still money left, I would set it in an account and study here on Bigger Pockets and get and education in stocks, options (i love options), notes and real estate.  

I might be able to assist(Feel free to send me a dm if you dont want to disclose this information publicly)

One Cost Segregation Study is included in our package with the Tax team as well"Curious - which advisors are you working with and what are they charging for the consult and single cost seg study?

But luckily, our real estate person had a few contacts that were about to assist.

I suggest you look for clarity on what resources you can use or companies can assist in using a small piece of that equity as a downpayment on another high-quality asset like the one you already own.

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.