200 SOUTH STREET Elizabeth, New Jersey

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1 3 RESIDENTIAL UNITS 3 RETAIL Exclusively listed by: SCOTT DAVIDOVIC VICE PRESIDENT sdavidovic@kislakrealty.com ext fax MICHAEL KOSSAK SALES ASSOCIATE mkossak@kislakrealty.com ext fax THE KISLAK COMPANY, INC. 100 Woodbridge Center Drive Woodbridge, New Jersey All information All information contained contained herein herein has been has supplied been supplied by sources by sources deemed deemed reliable. reliable. Accordingly, Accordingly, no warranty no warranty or representation, or representation, express express or implied, or implied, is made is made as to the as to accuracy the accuracy of the of information the information contained contained herein, herein, and same and is same submitted is submitted subject subject to errors, to errors, omissions, omissions, change change of price, of price, rental rental or or other conditions, other conditions, withdrawal withdrawal without without notice, notice, and to and any to special any special listing listing conditions conditions imposed imposed by our by principals. our principals.

2 DESCRIPTION OF THE PROPERTY Property Address: 200 South Street Property Description: The property consist of 3 residential units and 3 retail. Unit Mix: Unit Type # of Units One Bedrooms 3 Retail 3 Total 6 Occupancy: 100% Utilities: Owner only pays for water for apartments, and common area electric. Residential tenants pay their own heating and electric. Retail tenants pay own utilities. Parking: Two-car driveway Municipal street parking Rent Control: Rent de-control

3 PRO-FORMA INCOME AND EXPENSE STATEMENT Current Potential ANNUAL INCOME Current Rental Income $15,360 $34,800 Current Retail Income $67,284 $67,284 3% (2,479) (1,044) EFFECTIVE GROSS ANNUAL INCOME $80,165 $101,040 LESS ANNUAL EXPENSES 2017 Real Estate Taxes $22,198 $22,198 Insurance 4,250 4,250 Common Area Electric Water TOTAL FIXED EXPENSES $27,038 $27,038 REPAIRS & MAINTENANCE ($350/unit residential only) $1,050 $1,050 REPLACEMENT RESERVES ($150/unit residential only) TOTAL VARIABLE EXPENSES $1,500 $1,500 TOTAL EXPENSES $28,538 $28,538 NET OPERATING INCOME $51,627 $72,502

4 RENT ROLL Residential UNIT NUMBER UNIT TYPE MONTHLY RENT POTENTIAL RENT 1 One Bedroom $ $1, One Bedroom $ $1, Small One Bedroom Vacant $0.00 $ Monthly Total $1, $2, Annual Total $15, $34,800.00

5 LEASE SUMMARY TENANT SF NET LEASABLE MONTHLY BASE RENT ANNUAL BASE RENT LEASE DATES RENT PSF CAM INCREASES OPTIONS Future-A-Laundromat 900 $1, $20, /1/2013-5/1/2020 $ % Increase per yr. (2) Five year options 33% of increase of yearly O-Teimoso 1,800 $2, $30, /1/2016-1/1/2026 $17.12 real estate taxed. AAA 900 $1, $15, Month-to-Month $17.33 Total 3,600 $5, $67, $ % Increase per yr. (2) Five year options 5

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13 PROPERTY MAPS Site Map MN (12.8 W) TN Scale 1 : 8, ft m " = ft Data Zoom 14-5

14 200 SOUTH STREET PROPERTY MAPS Area Map Scale 1 : 125,000 TN 0 MN (12.9 W) " = 1.97 mi mi km Data Zoom 10-6