Use MSApp.createFileFromStorageFile. Ignore the documentation error here. It tells the reverse of what the api does.
// TODO - more code is required here to initialize file open picker.
// refer the file picker sample
var picker = new Windows.Storage.Pickers.FileOpenPicker();
picker.pickSingleFileAsync().then(function (storageFile) {
// ignore when file pick is cancelled
if (!storageFile)
return;
var file = MSApp.createFileFromStorageFile(storageFile);
});