254 West 23 rd Street, New York, NY Prime Chelsea 4,700± SF Vacant Commercial Building NNN Divisions Considered 1,000 SF Garden

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1 254 West 23 rd Street, New York, NY Prime Chelsea 4,700± SF Vacant Commercial Building NNN Divisions Considered 1,000 SF Garden

2 254 West 23 rd Street New York, NY Prime Chelsea 4,700± SF Vacant Commercial Building NNN Divisions Considered 1,000 SF Garden

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4 254 West 23rd Street, New York, NY West Street is a vacant 4,700± SF 3-story vacant commercial building with a garden located in the heart of the Chelsea neighborhood of Manhattan. Building is vacant, formerly East of Eight restaurant with gallery on upper floors. Built circa 1920, the property is located between 7 th and 8 th Avenue. Steps away from the 23 rd Street 1, A, C, and E train. Neighborhood Chelsea Block & Lot 772 / 74 Lot Size 25 x Building Class Predominant Retail with Other Uses (K4) Tax Class 4 Stories 3 Zoning C2-7A FAR (Built/Allowed) 1.90 / 7.52 Real Estate Taxes 100% of increase NNN Rent: $35,000 per month $420,000 per annum

5 AERIAL MAP CHELSEA Gotham Comedy Club Crunch Fitness Whole Foods Hotel Chelsea Blick Art Materials The High School of Fashion Industries Cinepolis Chelsea Row House GAP CVS Bank of America Rite Aid TD Bank Stickley Audi & Co Economy Foam West Chelsea Veterinary Blink Fitness 254 West 23 rd Street, New York, NY

6 AREA MAP The High Line CHELSEA FIT Manhattan Mall KOREA TOWN Ace Hotel Empire State Building Highline Ballroom Cinepolis Chelsea Momomfuku TAO Downtown Whole Foods Gotham Comedy Club Trader Joe s Hilton NY Fashion District Flatiron Building Rubin Museum of Art Bed Bath & Beyond Gramercy Theatre GRAMERCY PARK WEST VILLAGE Union Square Park

7 FLOOR PLANS 254 West 23 rd Street, New York, NY

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9 FLOOR PLANS 254 West 23 rd Street, New York, NY

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11 FLOOR PLANS 254 West 23 rd Street, New York, NY

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13 FLOOR PLANS 254 West 23 rd Street, New York, NY

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15 FLOOR PLANS 254 West 23 rd Street, New York, NY

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17 FLOOR PLANS 254 West 23 rd Street, New York, NY

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19 FLOOR PLANS 254 West 23 rd Street, New York, NY

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21 FLOOR PLANS 254 West 23 rd Street, New York, NY

22 Property Photos

23 Property Photos 254 West 23 rd Street, New York, NY

24 Property Photos Street Level

25 Property Photos Street Level 254 West 23 rd Street, New York, NY

26 Property Photos Basement

27 Property Photos First Floor 254 West 23 rd Street, New York, NY

28 NEIGHBORHOOD CHELSEA Chelsea is a neighborhood on the West Side of the borough of Manhattan in New York City. The district's boundaries are roughly 14th Street to the south, the Hudson River and West Street to the west, and Sixth Avenue to the east, with its northern boundary variously described as near the upper 20s or 34th Street, the next major crosstown street to the north. To the northwest of Chelsea is the neighborhood of Hell's Kitchen, as well as Hudson Yards; to the northeast are the Garment District and the remainder of Midtown South; to the east are NoMad and the Flatiron District; to the southwest is the Meatpacking District; and to the south and southeast are the West Village and the remainder of Greenwich Village. Chelsea is part of Manhattan Community Board 4. contains the Chelsea Historic District and its extension, which were designated by the New York City Landmarks Preservation Commission in 1970 and 1981 respectively. The district was added to the National Register of Historic Places in 1977, and expanded in 1982 to include contiguous blocks containing particularly significant examples of period architecture. The neighborhood is primarily residential, with a mix of tenements, apartment blocks, city housing projects, townhouses, and renovated row houses, but its many retail businesses reflect the ethnic and social diversity of the population. The area has a large LGBTQ population. Chelsea is also known as one of the centers of the city's art world, with over 200 galleries in the neighborhood. As of 2015, due to the area's gentrification, there is a widening income gap between the wealthy living in luxury buildings and the poor living in housing projects, who are, at times, across the street from each other.

29 NEIGHBORHOOD CHELSEA 254 West 23 rd Street, New York, NY

30 Presented by: Danielle L. Lacko Senior Retail Director (212) Matthew Mager Managing Director (646) Paul J. Nigido Senior Financial Analyst (646) Jared Rehberg Marketing Manager (646) West 23 rd Street, New York, NY Prime Chelsea 4,700± SF Vacant Commercial Building NNN Divisions Considered 1,000 SF Garden BESEN RETAIL LLC 381 Park Avenue South 15 th Floor New York, NY (646) Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. Rendering pictured in offering materials is not specifically approved for referenced development site. Buildable square footage is subject to verification by purchaser s own architect and/or zoning attorney.