175 SE 25th Rd 502

KARNEGIS SUB PB 89-91 TRACT A LOT SIZE 47248 SQ FT FAU 01 4140 025 0001 FKA BAY TOWER CONDO 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.