Apartment 502 for rent

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.