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2 20 WIDE, 10 UNIT APARTMENT HOUSE COLUMBIA UNIVERSITY CAMPUS FOR SALE Building Features Location: North side of West 113 th Street between Broadway and Riverside Drive Block / Lot: 1895/43 Lot Size: Lot Area: Building Size: 20 x 100 (Approx.) 2,000 (Approx.) 20 x 71 (Estimated) Stories: 5 Building Gross SF: Units: Zoning: Historic District: Air Rights: 6,100 (Per DOF) 10 (4 FM / 5 RS / 1 RC) R8 / 6.02 FAR None 5,940 (Subject to Verification) Assessment (16/17): $268,241 Taxes (16/17): $34,557 (Tax Class 2B) Property Highlights Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 627 West 113 th Street, a 20 wide 5 story apartment house within the heart of Morningside Heights and Columbia University s core campus. The building contains 10 apartments of which 4 are Free Market, 5 are Rent Stabilized and 1 is Rent Controlled. All of the Free Market apartments have been extensively renovated and reconfigured as 4 two-bedroom apartments and a two-bedroom one and a half bath garden duplex with a large landscaped garden. The rent regulated units (excluding unit 5F) are presently configured as one-bedroom apartments and are renting for an average of approximately $ per month or $22.28 PNSF which is roughly 70% below prevailing market rents. Features of the building include low annual taxes due to the Tax Class B status, approximately 5,940 sq. ft. of excess air-rights without any LPC or Historic District constraints, a gas-fired boiler, upgraded electric service, and an irreplaceable location buoyed by its proximity to Columbia University, Mt. Sinai St. Luke s Hospital & The Cathedral of St. John the Divine (see map on page 3). 627 West 113 th Street represents a rare opportunity to purchase a well maintained multi-family asset in the midst of one of New York City s most supply constrained neighborhoods. In particular, the outsized presence of Columbia University, which owns the vast majority of property between 110 th & 125 th Streets west of Morningside Park, has an amplified on the local market fundamentals. The University is both a net reducer of units to the local housing supply and a net producer of demand. Its presence is an economic engine within the neighborhood which will continue to fuel demand for non-campus housing from wellendowed students, tourists, employees, service providers, recent graduates and professionals alike. All of these groups will continue to drive rental rates and property values for independent properties like 627 West 113 th Street over the long term. Asking Price: $5,350,000 For More Information, Please Contact: Hall Oster (212) x7723 hall.oster@cushwake.com Teddy Galligan (212) x5137 teddy.galligan@cushwake.com Bryan Smadbeck (212) x5169 bryan.smadbeck@cushwake.com Cushman & Wakefield 275 Madison Avenue New York, NY phone: nyinvestmentsales.com Cushman omissions, & wakefield change of copyright price, rental or No other warranty conditions, or representation, withdrawal express without or implied, notice, is and made to to any the special accuracy listing or completeness conditions imposed of the information by the property contained owner(s). herein, and As same applicable, is submitted we subject make no to errors, representation omissions, as change to the of condition price, rental of the or property other conditions, (or properties) withdrawal in question. without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition

3 627 West 113 th Street UNIT # STATUS SIZE LEASE EXP. RENT ANNUAL RENT 1F RS 1 Bed 5/31/15 $ $8, R FM 2 Bed / 1.5 Bath 5/31/18 $3, $38, F RS 1 Bed 5/31/17 $ $9, R RS 1 Bed 5/31/17 $2, $25, F FM 2 Bed 7/31/16 $3, $43, R RS 1 Bed 9/30/16 $ $11, F RC 1 Bed - $ $5, R FM 2 Bed 8/15/16 $3, $45, F RS 2 Bed 8/31/16 $3, $42, R FM 2 Bed 8/31/16 $3, $42, Total Monthly Revenue $22,548 $270,582 Revenue Gross Monthly Revenue: $22,548 Gross Annual Revenue: $270,582 Projected Expenses R. E. Taxes (16/17): Actual $34,557 Insurance: $1.00 PSF $6,100 Water & Sewer: $750 / Unit $7,500 Electric: $0.35 PSF $2,135 Gas: $1.65 PSF $10,065 Repairs and Maintenance: $550 / Unit $5,500 Super: $500 / Month $6,000 Management: 3.0% / GAR $8,117 Total Annual Expenses: $79,974 Gross Annual Revenue: $270,582 Less Projected Expenses: $79,974 Net Operating Income: $190,608

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5 Broker Contact Information Hall Oster (212) x7723 Teddy Galligan (212) x5137 Bryan Smadbeck (212) x5169 For Information Regarding Possible Financing Please Contact Justin Boruchov (212) x7728