Description

Purchase Price $4,295,000 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 $4.061m 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.