How to Buy a Unit
- Review the information in this web site and contact Greg Kirsch for further information.
- Reserve a unit by submitting the Unit Reservation Form (PDF) with a fully refundable $1,000 deposit.
- During the next twenty-one days, the project architect will work with you to develop a customized floor plan, specification and guaranteed fix price quote for custom fit-up. Note that the units are sold as "shell space" and include an allowance for a standard business office fit-up. Your quote for customized fit-up will include a credit for that standard business office fit-up allowance. Fit up costs vary greatly depending on the size of the unit(s), the floor plan and the selection of options.
- Also during the twenty-one day time frame, you will have an opportunity to review all the important legal documents, including the unit purchase agreement, declaration of condominium, approved site plan, building plans, etc. At this point, if you have not already, you may want to consult an attorney and bank.
- Once you have reviewed the fit-up plan and quote, and the legal documents, you would proceed by signing the unit purchase agreement and making a deposit equal to 5% of the unit purchase price. These documents are available in the Document Download section. The unit purchase agreement contains a thirty day financing contingency, so it is important that you become comfortable with your financing arrangements during this period.
- The actual closing of your bank loan and purchase of your unit will happen next. Depending on the type of financing and scope of your fit-up, the closing process and timing will vary. Astoria will work with you and your lender to establish a process and timeline for closing that works for all parties involved in the transaction.
