Approved Multi-Family

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Terence Reed
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1 Approved Multi-Family Located in the community of Black Rock Bridgeport, Connecticut Sales Overview Booklet Presented by HK Group

2 Executive Summary 1. Black Rock is the most sought after community to live in Bridgeport because of it s Pre-K through 8 Elementary School, proximity to the Fairfield Train Station, access to the water, beautiful parks like St. Mary s By the Sea, and features a vibrant strip of restaurants, entertainment, and shopping venues. 2. The site has just over an acre of property. 3. Three roads surround the property Fairfield Avenue, Courtland Avenue, and Clarkson Street. Curb cuts are allowed on Courtland Avenue and Clarkson Street. 4. It is fully approved for 24 units. Owner has done preliminary plans for 58 units. 5. The incomes in Black Rock are the highest in the city. 6. Many of the multifamily properties in Black Rock are fully rented. 7. There has been no new multifamily properties on the market. 8. Black Rock is conveniently located minutes from downtown Bridgeport home to the Bridgeport Bluefish (minor league baseball), Sound Tigers (minor league hockey), and the Arena at Harbor Yard, as well restaurants and theaters. 9. Downtown Fairfield, home to national retail tenants like Victoria s Secret, Apricot Lane, Banana Republic, 16 Handles, Pinkberry, Archie Moore s, Starbucks, Mr. Green s, Rite Aid, Marshall s, CVS, Stop & Shop, and many national banks, is a few minute drive. 10. I-95, Merritt Parkway, Route 8, and Route 25 are all accessible in a short drive. 11. Ferry service from Bridgeport to Port Jefferson departs throughout the day from downtown Bridgeport.

3 Fact Sheet Price: Usable Land: Address: Traffic Count: Approvals: Taxes: Area Rents: $2,400,000 30,600 SF (additional land available in residential zone) 3115 Fairfield Avenue, Bridgeport, Connecticut 15,500 Cars per day Shovel ready project with full approvals in place for townhomes style units. Payment in Lieu of Taxes (PILOT) Programs available to developers to help reduce the total amount of taxes. Ellsworth Apartments: 600 SF $1,075 - $1,100 and 850 SF $1,475 - $1,495 per month Black Rock Gardens: Studio $810, One Bed $ , 2 Bed $1,375 per month 855 Black Rock Turnpike: 1,200 SF $1,700 per month Mosswood Condos: 1,058 SF 1,356 SF $1640 per month Stone Ridge: 1,491 SF 1,742 SF $2,875 - $3,800 per month

4 Area Overview 140,900 ADT FAIRFIELD TRAIN 9,700 STATION 15,500 ADT Captain s Cove SITE Fayerweather Yacht Club Norden Yacht Club Black Rock Yacht Club St. Mary s Park Popula0on 2010 HH Income 2015 HH Income 3 Miles 98,141 $81,861 $94,741 5 Miles 207,617 $75,815 $87,729 Radius

5 Aerial 2 Family House

6 Approved Townhome Project 24 Townhome style units 5 Ranch units, 19 Townhome units Townhomes have first floor parking garages Units have 2 bedrooms Ranches are 1,035 SF 1,110 SF Townhomes are 1,200 SF 1,600 SF Project is fully approved and shovel ready Two family home included

7 Alternative Apartment Project Architectural plans available for 58 units Units have 1 2 bedrooms Floors 1 4 have 12 units; four 2- bedroom and eight 1- bedroom Floor 5 has 10 units; five 2- bedroom and five 1- bedroom 1 bedrooms units are an average of 680 SF 2 bedroom units are an average of 1,000 SF One elevator 61 parking spaces, 29 covered (parking variance needed) Parking garage and footprint is roughly 12,238 SF

$Mary s by the Sea voted Best Park in Fairfield County for 2013 Project is walking distance to Fairfield Metro Sta\on (a walking bridge is proposed at Fox Street) Direct access$ $features na\onal retail chains Walk to beach and several yacht clubs located within Black Rock Easy access to local marinas Walking distance to local school with grades Pre- K$

8 Black Rock has the highest incomes in Bridgeport St. Mary s by the Sea voted Best Park in Fairfield County for 2013 Project is walking distance to Fairfield Metro Sta\on (a walking bridge is proposed at Fox Street) Direct access to I- 95 Neighborhood boasts retail shopping, restaurants, and entertainment venues Condos and apartments in the area are fully occupied Downtown Fairfield is a short drive and features na\onal retail chains Walk to beach and several yacht clubs located within Black Rock Easy access to local marinas Walking distance to local school with grades Pre- K through Eight Walking distance to local private school called St. Ann s School Area Overview (photo: St. Mary s by the Sea)

For additional information, please contact: Kerry Wood Chief Operating Officer" Justin Barry Assistant Vice President" HK Group Commercial " 253 Riverside Avenue"

9 For additional information, please contact: Kerry Wood Chief Operating Officer" Justin Barry Assistant Vice President" HK Group Commercial " 253 Riverside Avenue" Westport, CT 06880" O: C: HK Group Commercial " 253 Riverside Avenue" Westport, CT 06880" O: C:

CITY OF BRIDGEPORT. Development Update CT ICSC

CITY OF BRIDGEPORT. Development Update CT ICSC CITY OF BRIDGEPORT Development Update CT ICSC May 2, 2012 Mayor Bill Finch Donald Eversley, Director Office of Planning & Economic Development 1 City of Bridgeport 16 sq miles Selling Bridgeport: Connecticut's