Property description of Apartment

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. 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 as of february 2027. 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.

Property Features