5005 PALISADE AVE. 30-UNIT MULTIFAMILY RESIDENTIAL LUXURY RENTAL BUILDING 5005 Palisade Ave., West New York, New Jersey

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2 5005 PALISADE AVE. 30-UNIT MULTIFAMILY RESIDENTIAL LUXURY RENTAL BUILDING 5005 Palisade Ave., West New York, New Jersey ASKING PRICE $10,750,000 BLOCK, LOT 104, 25 LOT DIMENSIONS 150 X 140 LOT SQ/ FT BUILDING SQ/FT 18,521 Sq. Ft 40,000 (approx.) NUMBER OF 30 RESIDENTIAL UNITS STORIES 4 (3 Over Parking) PARKING 42 Spaces (2 Handicap) YEAR BUILT 2010 REAL ESTATE TAXES $144,222 VUE Realty Group, LLC, has been retained on an exclusive basis for the sale of 5005 Palisade Avenue in West New York, New Jersey Palisade Avenue (built in 2010) is a 30-unit, luxury rental building boasting exceptionally large units, storage on each floor, stainless steel appliances, granite counter tops, covered parking, and 10-foot ceilings. The unit mix consists of (9) three-bedroom/two bath, (18) two-bedroom/two bath, and (3) one-bedroom/one bath units, averaging 1,152.5 square feet, dwarfing its West New York competitors. Building amenities include an elevator, a large common area lobby, 42 parking spaces, central A/C, gas heat, gas stoves & tankless water heaters, washer/dryer in each unit, and wheelchair access Palisade Avenue is conveniently located.2 miles (5 minutes walking) east of the Bergenline Avenue Light Rail Station, which brings commuters to Hoboken (14 minutes) and/or to Jersey City (24 minutes). Alternatively, residents of 5005 Palisade Ave can enjoy an easy 25-minute commute to Port Authority in Manhattan via the 156 bus line located minutes walking on 48th and Palisade Ave. The subject property is a rare opportunity to invest in one of New Jersey s Gold Coast s most promising neighborhoods, providing investors a strong immediate turnkey return (5%+ CAP) and tremendous upside potential for the investor who comes in and takes advantage of the neighborhoods increasing rents and the building s oversized units. Simple renovations to the units will ensure an easy 15%-20% increase in rents providing investors a fantastic opportunity to win big.

3 ASKING PRICE $10,750,000 CURRENT RENT ROLL APT # FLOOR ADDRESS BEDS BATHS NET PRICE MONTHLY RENT PARKING # OF SQ/FT SQ/FT SPACES $2,200 $ $2,550 $ $2,300 $ $1,750 $ $2,000 $ $1,950 $ $1,950 $ $1,950 $ $2,300 $ $2,400 $ $2,300 $ $2,500 $ $2,000 $ $1,850 $ $2,200 $ $2,000 $ $2,000 $ $1,950 $ $2,225 $ $2,150 $ $2,225 $ $2,300 $ $2,100 $ $1,750 $ $2,075 $ $1,950 $ $2,050 $ $2,100 $ $2,150 $ $2,400 $150 1 Parking #3 Non Resident $150 1 Parking #21 Non Resident $150 1 Parking #7 Non Resident $150 1 Parking #39 Non Resident $150 1 Parking #10 Non Resident $150 1 Total (avg) 31 Monthly Total $63,625 $4,100 Annual Total $763,500 $49,200

ASKING PRICE $10,750,000 Financial Summary Annual Income Gross Rental

Gross Income $789,795 Expense Property Taxes $144,222 Insurance $12,000

Building Cleaning/Maintenance $23,694 Building Super, Repairs, &

4 ASKING PRICE $10,750,000 Financial Summary Annual Income Gross Rental Income $763,500 Gross Parking Income $49,200 Vacancy $22,905 Effective Gross Income $789,795 Expense Property Taxes $144,222 Insurance $12,000 Gas & Electric $14,000 Sprinkler $3,600 Management Fees $23,694 Building Cleaning/Maintenance $23,694 Building Super, Repairs, & Supplies $23,694 Telephone Expense $1,200 Total Expense: $246,104 Net Income $543,691

5 ASKING PRICE $10,750,000 PRO FORMA RENT ROLL APT # FLOOR ADDRESS BEDS BATHS NET PRICE MONTHLY RENT PARKING # OF SQ/FT SQ/FT SPACES $2,350 $ $2,700 $ $2,350 $ $1,850 $ $2,350 $ $2,350 $ $2,350 $ $2,350 $ $2,700 $ $2,700 $ $2,350 $ $2,700 $ $2,350 $ $1,850 $ $2,350 $ $2,350 $ $2,350 $ $2,350 $ $2,700 $ $2,700 $ $2,350 $ $2,700 $ $2,350 $ $1,850 $ $2,350 $ $2,350 $ $2,350 $ $2,350 $ $2,700 $ $2,700 $150 1 Parking Non Resident $150 1 Parking Non Resident $150 1 Parking Non Resident $150 1 Parking Non Resident $150 1 Parking Non Resident $150 1 Parking Non Resident $1,350 9 Total (avg) 40 Monthly Total $72,150 $6,000 Annual Total $865,800 $72,000

6 UNIT TYPE TOTAL AVERAGE CURRENT MONTHLY MARKET MARKET MONTHLY PERCENT UPSIDE RENT RENT RENT RENT 1 Bedroom 3 $1, $5,350 $1,850 $5, % 2 Bedroom 18 $2, $37,300 $2,350 $42, % 3 Bedroom 9 $2, $21,000 $2,700 $24, % Total 30 $63,650 $72, % (avg) $3,000 $2,700 AVERAGE RENT $1, $1,850 $2,350 $2, $2, $1,500 MARKET RENT $0 1 Bedroom 2 Bedroom 3 Bedroom PARKING TOTAL MONTHLY MONTHLY MARKET MARKET PERCENT USED AVG RATE RATE RATE MONTHLY RENT UPSIDE Current $4,100 $ $150 $4, % Pro Forma $6,000 $150 $150 $6, % $6,000 $6,000 $4,100 $3,000 $0 Current Pro Forma

7 INCOME & EXPENSES Building Size (Square Feet) 40,000 (approx.) Number of Units 30 INCOME & EXPENSES ACTUAL PRO FORM Rental $763,500 $865,800 Additional Income (Parking) $49,200 $72,000 Vacancy 3% -$22,905 $(25,974) Effective Gross Income $789,795 $911,826 EXPENSE %EGI PER UNIT %EGI PER UNIT PropertyTaxes $144,222 18% $4,807 $144,222 16% $4,807 Insurance $12,000 2% $400 $12,000 0% $400 Electric & Gas $14,000 2% $476 $14,000 0% $476 Management Fees $23,694 3% $787 $27,355 3% $912 Building Cleaning & Maintenance $23,694 3% $787 $27,355 3% $912 Building Super, Repairs & Supplies $23,694 3% $787 $27,355 3% $912 Telephone Expense $1,200 1% $40 $1,200 1% $40 Sprinkler $3,600 1% $120 $3,600 1% $120 Total Expense $246,104 31% $8,204 $257,087 28% $8,600 NET INCOME $543,691 $654,739 INCOME/EXPENSE COMPARISON PRO FORMA INCOME/EXPENSE COMPARISON 31% 28% 69% 72% TOTAL EXPENSES EFFECTIVE GROSS INCOME

8 ASKING PRICE $10,750,000 VALUATION ACTUAL PRO FORMA Net Operating Income $543,691 $654,739 CURRENT VALUATION Price $11,446,126 $10,873,820 $10,356,019 $9,885,291 Price Per Unit $381,538 $362,461 $345,201 $329,510 CAP Rate GRM PRO FORMA VALUATION Price $11,446,126 $10,873,820 $10,356,019 $9,885,291 Price Per Unit $381,538 $362,461 $345,201 $329,510 CAP Rate GRM $12,000,000 8% $6,000,000 $0 0% PRICE CAP RATE CURRENT CAP RATE PR FORMA

9 5005 PALISADE AVE LIGHT RAIL STATION BUS #156 STOP

5005 PALISADE AVE 5005 Palisade Ave West New York, New Jersey 07093 JIM POMPA Principal C 917-560-3902 E jim@vuerealtygroup.

12 5005 PALISADE AVE 5005 Palisade Ave West New York, New Jersey JIM POMPA Principal C E jim@vuerealtygroup.com 601 Observer Highway, #C1 Hoboken, New Jersey T E info@vuerealtygroup.com vuerealtygroup.com *Information herein deemed reliable but subject to change

138 19th Street Union City, NJ

138 19th Street Union City, NJ 07087 201.780.7884 Executive Summary LOCATION: BUILDING/ UNITS: 138 19th Street between Palisade Avenue and Mountain Road, Union City, NJ 07087 Eight (8) Large Apartments