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Purchase Pricern$4,850,000rnThis provides an opportunity to secure pricing below current listings while the building is just entering its first resale cycle.rnrnLease Structure:rn12-month leasern$19,500 per monthrnrnPurchase Option:rnOption deposit: $145,500 – equivalent to 3% and credited toward purchase but non-refundable.rnRent credit: 40% of rent paid during the lease period applied toward the purchase price = $93,600 ( $19,500 x 12 x .40)rn9 months into the lease the purchse option should be confirmed.rnrnOver a full year, this structure results in approximately $239,000 credited toward the purchase, bringing the effective purchase price to roughly $4.61M if the option is exercised. The buyer may exercise the option to buy once the 12-month holding period is satisfied. rnrnThis 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 Updated: 2026-04-07 00:40:19
