M id A tlantic Real Estate Journal — Best of 2024 — March 2025 —7B
www.marej.com
The BEST of 2024
Cost Recovery Solutions LLC Tinton Falls, NJ The BEST VENDOR of 2024
COST RECOVERY SOLUTIONS LLC CRS
• Cost Segregation • Energy Tax Services • Tangible Asset Appraisals • Fixed Asset Reviews Minimize tax liability. maximize property value and boost cash flow with our expert engineering services
What type of vendor? Professional Services Location: Based in Tinton Falls, NJ - 106 Apple Street, Suite 105 Type of Service: Tax-saving Engineering and Valuation Services Cost Recovery Solutions LLC (CRS) collaborates with commercial property owners and tenants to reduce their income taxes and maximize their return on investment. We specialize in cost segregation studies, energy tax services, tangible asset appraisals and fixed asset reviews. Founded in 2004 and headquartered in Tinton Falls, NJ, CRS has completed thousands of projects throughout the country, with clients ranging from local business owners to Fortune 500 companies. We’ve helped our clients save thousands to millions in income taxes within the retail, healthcare, hotel, banking, automotive, restaurant, recreation, technology, and manufacturing industries. Our favorite project in 2024 was a cost segregation study completed to help our client recover extensive renovation costs incurred on a 7,000 s/f, $20 million residential rental property in the Hamptons. Significant exterior improvements included a new pool with deck and custom railings, tennis court, driveway, automated entry gate, fencing, landscaping, storm water drainage system, backup emergency generator, and a beach dune boardwalk. Interior improvements included high-end appliances and plumbing fixtures, custom cabinets in the kitchen and throughout the house, granite countertops, decorative walnut wall and ceiling panels, hardwood flooring, built-in millwork and closet shelving, wallpaper, and extensive home automation equipment. Our study reallocated 41% of the owner’s $6.6 million improvement costs to reduced depreciation schedules, enabling them to realize a total of $798,000 in tax savings.
Discover the CRS difference:
• 25 years of experience • ASCSP, ASA, CFA certifications • Serving clients nationwide • A trusted partner with proven results Contact us for a FREE projection of benefits on specific properties or to discuss your valuation needs!
106 Apple Street, Suite 105 Tinton Falls, NJ 07724 732.548.3855 info@crscostseg.com
www.CRScostseg.com
BUILT FOR THE NOW. AND THE NEXT. ® BUILT FOR MULTIFAMILY. MORTGAGE BANKING | INVESTMENT SALES | SERVICING BERKADIA.COM
Nat Gambuzza Senior Managing Director 973.809.1755 nat.gambuzza@berkadia.com Trevor Fiebel Senior Director 908.285.6921 trevor.fiebel@berkadia.com Nick Balancia Associate Director 908.642.1905 nick.balancia@berkadia.com
Spencer Beriont Senior Director 908.328.4494 spencer.beriont@berkadia.com Tim Blashford Director 201.396.6253 tim.blashford@berkadia.com Gerald Filardi Jr. Associate Director 631.827.9755 gerald.filardi@berkadia.com
© 2025 Berkadia Proprietary Holding LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This advertisement is not intended to solicit commercial mortgage company business in Nevada. Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. In California, Berkadia Commercial Mortgage LLC makes or arranges loans pursuant to a California Financing license. Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. #01931050. For state licensing details for the above entities, visit www.berkadia.com/licensing. 0325MH
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