- 3
- Bedrooms
- 3.5
- Bathrooms
- 2,105 ft2
- Property Size
- 115210
- Property ID
Description
Purchase Price
$3,900,000
This 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 month
Purchase 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.
