Purchase Price$3,900,000This provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.Can be rented with option to purchase.Lease Structure:12-month lease$19,500 per monthPurchase Option:Option deposit: $145,500 - equivalent to 3% and credited toward purchase but non-refundable.Rent credit: 40% of rent paid during the lease period applied toward the purchase price = $93,600 ( $19,500 x 12 x .40)9 months into the lease the purchase option should be confirmed.Over a full year, this structure results in approximately $239,000 credited toward the purchase, bringing the effective purchase price to roughly $3,661M if the option is exercised. The buyer may exercise the option to buy once the 12-month holding period is satisfied. This arrangement is particularly useful for someone who would like to secure a position in the building now, and complete the acquisition once the timing aligns.
Listing courtesy of Paz Realty, LLC.
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