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Business in the Burbs

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Trump offers ‘rent to own’ program in New Rochelle

November
19

Trump Plaza in New Rochelle has unveiled a “rent to own� program at the new 40-story condominium tower.

Under the “Rent Today, Own Tomorrow Program,� buyers can lease a Trump Plaza condo for one year with an option to buy at today’s prices.

All the monthly rent will be applied to the purchase price. Average rent for a two-bedroom unit at Trump Plaza is $3,600 a month. Tenant-buyers have access to all amenities. The 194 units are now priced within the mid-$500,000 to $1.7 million range.

The development is 70 percent sold, and more than 50 residents have moved in since the recent grand opening, spokesmen said.

This entry was posted on Monday, November 19th, 2007 at 6:39 pm by Jerry Gleeson. You can follow any responses to this entry through the RSS 2.0 feed.
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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