Manhattan Rent to Own: A Great Option!

September 30, 2009

So what do you think, we hit the bottom, and we’re coming back, If so, then I would like to introduce you to 75 Wall Street in the Financial District of Lower Manhattan. This building is offering a very consumer friendly rent to own option that puts a lot of control into the buyers’ hands with very limited to no risk! Here’s how it works.

First you choose and lease a no fee apartment in this top of the line high rise condo conversion.  The deal works like any other hi-rise apartment in NYC and as a incentive you even get two months’ rent free whether or not you buy. At the time of lease signing you enter into a purchase price agreement for the sale of the unit which happens 14 months after  the lease start date! You are not bound to this price, and you don’t even have to close but the owner / building is bound, giving the advantage to the tenant / buyer.  If you agree to move forward and buy the unit, 100% of the rent you paid over the last year goes toward the purchase of the Condo, and you just lived rent free for a year, and lived very well!

This building has many 5 star Hotel amenities, because the first 18 floors of the building is a 5 star Hotel which is Part of Hyatt’s new luxury lifestyle brand named Andaz™. That tends to make me believe it’s not going to have a hard time holding its value. Your Potential “Risk”: the market doesn’t go up in the next year but let’s not forget that you live like a king in these outstanding units at a competitive rent. Your Potential “Reward”: the market comes back, and you have a locked in price from a year prior (when the residential market was reeling in the recession), and enter into a contract with a deep discount.

To Exercise this Option, give me a call @ 201-218-1198 or Email me, Neil Nerich.


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