15 & 17 West 94 th Street New York, NY ADJACENT TOWNHOUSES FOR SALE 36 OF FRONTAGE STEPS FROM CENTRAL PARK

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1 Cushman & wakefield copyright or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andas same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of theorproperty (or properties) in question.

2 ADJACENT TOWNHOUSES FOR SALE 36 OF FRONTAGE STEPS FROM CENTRAL PARK FOR SALE Building Features Location: North side of West 94 th Street between Central Park West and Columbus. Block / Lot: 1208/ 26, 27 Lot Size: Lot Area: Building Size: Stories: Building Gross SF: 36 x (Approx.) 3,624 (Approx.) 36 x 71 (1-4) (Approx.) 4 (Plus Basement) 9,768 (Per DOF) Units: 11 Zoning: R7-2 (R10A Overlay) / 3.44 (10.00) Historic District: Air Rights: Upper West Side Central Park West 9,962 (Subject to Verification) Assessment (16/17): $844,690 Taxes (16/17): Property Highlights $108,897 (Excludes Non-profit exemption) Asking Price: $10,450,000 Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 15 & 17 West 94 th Street, a pair of interconnected 4 story colonial revival townhouses located steps from central park. Constructed in 1894 as a row of four (3 remain: 11a, 15 & 17), the properties are poised for conversion and represent a rare opportunity to acquire adjacent townhouses with matching facades on a beautiful park block. The houses combine for 36 of frontage (18 & 18 ) on the north side of a quintessential tree-lined street within the Central Park West Historic District. Features include a large double-wide garden, easterly views of Central Park, tall ceilings peaking over 11 on the parlor level, and approximately 9,750 square feet of additional air-rights. With Landmarks Preservation Commission s approval, purchasers may be able to utilize a portion of the remaining air-rights to either expand upon the extension or add atop the existing buildings set back from street view. Originally designed as single family homes, the properties are currently configured as a mixture of non-profit offices and 10 rental apartments. The lower two floors of the buildings (rear of 15 and all of 17) have been partially interconnected to create a large and beautifully designed office that serves as the headquarters to The Bay & Paul Foundation. The remainder of 15 West 94 th Street is comprised of 6 residential apartments of which 3 are vacant, 2 are Free Market and 1 (4R) is occupied by a Rent Stabilized tenant. The balance of 17 West 94 th Street is comprised of 4 Free Market apartments of which all are currently vacant. Although currently interconnected, the houses could easily be separated as they still maintain separate entrances, staircases, basements (with 8 6 ceilings), mechanical systems, and two new gas-fired boilers. 15 & 17 West 94 th Street s rare width and location present a unique opportunity that will appeal to an array of buyers interested in creating a large mansion, luxury condominium, two single family homes, or an institutional headquarters. For More Information, Please Contact: Paul J. Massey Jr. (212) x7711 paul.massey@cushwake.com Hall Oster (212) x7723 hall.oster@cushwake.com Andrew Berry (212) x5124 andrew.berry@cushwake.com Teddy Galligan (212) x5137 Teddy.galligan@cushwake.com Cushman & Wakefield 275 Madison Avenue New York, NY phone: nyinvestmentsales.com Cushman omissions, & wakefield change of copyright price, rental or No other warranty conditions, or representation, withdrawal express without or implied, notice, is and made to to any the special accuracy listing or completeness conditions imposed of the information by the property contained owner(s). herein, and As same applicable, is submitted we subject make no to errors, representation omissions, as change to the of condition price, rental of the or property other conditions, (or properties) withdrawal in question. without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition

3 15 West 94 th Street IN PLACE PRO FORMA UNIT # STATUS SIZE LEASE EXP. NET SQ. FT. RENT RPNSF PROJ. RENT Owner Non -Profit - Vacant / Proj. 4,965* - $50.00 $20, GF FM Studio 6/30/ $2, $60.00 $2, F FM Studio Vacant / Proj $60.00 $2, F FM Studio Vacant / Proj $60.00 $2, R - 1 Bed Vacant / Proj $60.00 $2, F FM Studio 4/30/ $1, $60.00 $2, R RS 1 Bed 12/31/ $1, $29.68 $1, Total Monthly Revenue $3,398 $34,110 Total Annual Revenue $40,780 $409, West 94 th Street IN PLACE PRO FORMA UNIT # STATUS SIZE LEASE EXP. NET SQ. FT. RENT RPNSF PROJ. RENT 3F FM Studio Vacant / Proj $60.00 $2, R FM 1 Bed Vacant / Proj $60.00 $2, F FM Studio Vacant / Proj $60.00 $2, R FM 1 Bed Vacant / Proj $60.00 $2, Total Monthly Revenue - $10,000 Total Annual Revenue - $120,000 * Includes basement space, above grade SF approx. 3,200.

4 Revenue Projected Gross Monthly Revenue: $44,110 Projected Gross Annual Revenue: $529,324 Estimated Expenses R. E. Taxes (16/17): Actual $108,897 Insurance: $1.00 PSF $9,768 Payroll: $500 / Month $7,500 Water & Sewer: $0.50 PSF $4,884 Electric: $0.35 PSF $3,418 Gas: $1.50 PSF $14,652 Repairs and Maintenance: $1.00 PSF $9,768 Management: 3.0% / GAR $15,879 Total Annual Expenses: $174,766 Projected Gross Annual Revenue: $529,324 Less Projected Expenses: $174,766 Net Operating Income: $354,558

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7 15 & 17 West 94 th Street Broker Contact Information Paul J. Massey Jr. (212) x7711 Hall Oster (212) x7723 Andrew Berry (212) x5124 Zach Redding (212) x7798 Teddy Galligan (212) x5137 Bryan Smadbeck (212) x5169 For Information Regarding Possible Financing Please Contact Justin Boruchov (212) x7728