BREWERYTOWN CORNER DEVELOPMENT OPPORTUNITY Cecil B. Moore Avenue Philadelphia, PA. Property Rendering CORNER LOCATION

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1 BREWERYTOWN CORNER DEVELOPMENT OPPORTUNITY Cecil B. Moore Avenue Philadelphia, PA. Property Rendering CORNER LOCATION

2 property details Property Overview ADDRESS: Cecil B. Moore Ave. Philadelphia PA. LAND SIZE: 2,590 SF BUILDING SIZE: 4,678 SF PROPERTY TYPE: CMX-2 SALE PRICE: $399,000 OVERVIEW: 6 Residential Units, 1st. Floor Commercial One 2 bedroom, Two 1 Bedroom Three Studios, One Commercial Fully Framed Siding/roof complete All new windows in residential units NEEDED: Sheetrock HVAC Electric Plumbing Sprinkler Kitchens/Bathrooms Vanilla Box Commercial Approximate Cost: $200,000 Apply for Section 8 Housing Demographics.25 miles.5 miles 1 mile Estimated Population 4,907 17,927 59,772 Average Age Average HH Income $31,279 $31,963 $48,106 Estimated Total Employees 3,812 13,760 47,550 Traffic Counts (Daily) 2,000 SitesUSA, Inc.

3 floor plans Unit b Unit e Unit f 3rd floor Unit d Unit A Commercial Space Unit c 2nd floor 1st floor

4 cmx-2 zoning zoning district typical plan/building form typical building dimentional standards

5 area development SITE W. Oxford St. Red Bell Brewery 200,000 SF Pyramid Electric ,000 SF Commercial MM Partners Community School - New Charter School New Equinox Headquarters + 6,000 SF Retail Brewerytown Square 144 Unit Townhouse Development Phase IV Site ,000 SF Commercial N 31st St. Phase III Site 50 Rental Fairmount Brewerytown 161 McSpain Properties Master St. Rentals 30 McSpain Properties Jefferson St. Sharswood/Blumberg Neighborhood Transformation Plan (More information on Neighborhood Overview) 31 Brewerytown 64 Properties PA Liquor Store + Aldi Supermarket

6 Nieghborhood overview About brewerytown area development Named for the large number of breweries that once populated the area, Brewerytown is a neighborhood located in Lower North Philadelphia. The area extends from the Schuylkill River to 25th Street and from Cecil B. Moore Avenue to Parish Street. Its proximity to both I-76 and the infamous loop down Kelly Drive makes it hugely desirable for just about everyone. The Art Museum, Fairmount Park s Lemon Hill, and Philadelphia Zoo are all within walking distance. There are renovations and construction happening on every block along Girard Avenue in Brewerytown. In the next year, we will welcome four new retail stores, a retail shopping center and at least three mixed-use developments, which will bring a minimum of 84 new apartments, 10 for-sale townhomes and three retail spaces. Oh, and that doesn t even touch the landscape improvements to the Girard Avenue corridor; there s way more in store for our little neighborhood. (phillyvoice.com notfortourists.com) Sharswood/Blumberg Neighborhood Transformation Plan (the Plan )presents a detailed framework to help guide thecollective actions of community residents and key stakeholdersover the coming months and years. It also serves as a call toaction and a clear, unambiguous statement of intent to musterthe energy and resources needed to transform Sharswood/Blumberg into a true neighborhood of opportunity and choice. Six Catalysts of Revitalization 1. Transform the existing Blumberg Public Housing site through demolition of existing family housing units, Rehabilitation of the existing Senior Tower, and reconfiguration of street layouts and redevelopment of new lower-density, energy efficiency units 2. Revitalize commercial activity on the Ridge Avenue Corridor 3. Establish an achievement model that integrates social service, adult education, and workforce training 4. Establish a Comprehensive Public Safety program that reduces crime 5. Work with Public Health Management Corporation to develop an innovation campus that will bring job training programs, social services, and over 500 jobs to the neighborhood 6. Reopen a high-performing elementary school in collaboration with University partners Sharswood/Blumberg Neighborhood Transformation Plan 2015

7 pro-forma Monthly Rent Unit 1-Commercial Unit 2 Unit 3 Unit 4 Unit 5 Unit 6 Unit 7 Total Monthly Rent Total Annual Rent Projected $1,895 $800 $5,945 $71,340 NOI Cap Rate Completed & Stabilized ex Tax Abatement Trending Cap Rate Value W/ Trending Cap Mortgage Amount Term Rate $55, % $765, % $799,157 $612, % rental income analysis: Apartment Rental Income Market Rent Vacancy & Credit Loss Application Fees Effective Gross Income expenses: Real estate Taxes Property Insurance Total Utilities Repairs/Maintenance Management Fee Administration Reserves Operating expenses Projected $71,340 ($3,567) $315 $68,088 $700 $3,500 $1,800 $2, $2, $700 $700 $12, Investor Loan Acquisition Down Payment Mortgage Mortgage pmt Total Mo Expense Total annual debt NOI annual profit/loss DSCR Capitalization Rate $765, $153, $612, $3, $4, $40, $55, $15, % 7.31%