57 Bond Street New York, NY Retail Condominium For Sale or Lease. 57 Bond Street Retail Condominium-Unit East

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1 57 Bond Street New York, NY Retail Condominium For Sale or Lease 57 Bond Street Retail Condominium-Unit East

2 Confidentiality THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your own limited use in considering whether to pursue negotiations to acquire an interest in 57 Bond Street Retail Condominium- Unit East, New York, New York ("The Property"). This Confidential Memorandum contains brief, selected information pertaining to the business and affairs of the Owner, and has been prepared by Massey Knakal Realty Services ("Massey Knakal") primarily from information supplied by the Owner. Although this Confidential Memorandum has been reviewed by representatives of the Owner, it does not purport to be all inclusive or to contain all of the information which a prospective purchaser or tenant may desire. Neither Massey Knakal, nor any of their officers, employees or agents make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Confidential memorandum or any of its contents, and no legal liability is assumed or to be implied with respect thereto. By acknowledgement of your receipt of the Confidential Memorandum, you agree that the memorandum and its contents are confidential, that you will hold and treat it in the strictest of confidence, that you will not directly or indirectly, disclose or permit anyone else to disclose this memorandum or its contents to any person, firm or entity without prior written authorization of Owner, and that you will not use, or permit to be used, this memorandum or its contents in any fashion or manner detrimental to the interest of Owner. Photocopying or other duplication is strictly prohibited. Owner and Massey Knakal expressly reserve the right, at their sole discretion, to reject any or all proposals or expressions or interest in the building, and to terminate discussions with any party at any time with or without notice. If you do not wish to pursue negotiations leading to this acquisition or lease, kindly return this confidential memorandum to Massey Knakal. This Confidential Memorandum shall not be deemed a representation of the state of affairs to the property or constitute an indication that there has been no change in the business of affairs or the property since the date of preparation of this memorandum.

THE MASSEY KNAKAL ADVANTAGE FOR BUYERS Best Inventory On average, Massey Knakal exclusively lists 600+ properties at any given time the largest inventory of properties in the New York City

3 THE MASSEY KNAKAL ADVANTAGE FOR BUYERS Best Inventory On average, Massey Knakal exclusively lists 600+ properties at any given time the largest inventory of properties in the New York City metropolitan area. More buyers and sellers choose to work with Massey Knakal than any other firm for any size or type of property transaction. Best Territory Knowledge The Massey Knakal Territory System assigns only one sales agent to represent property in a given area, making these agents superior real estate experts for their territory. The benefit to you is that our agents can assist you with making a more profitable buying decision. You can be confident that a purchase made through Massey Knakal will be the right decision for your needs. Best Opportunity Massey Knakal treats all buyers fairly, which means that you will always have an equal opportunity to purchase a property. Since Massey Knakal only handles exclusive listings, you will be able to get accurate property information and up-to-the-minute status reports on the availability of all our properties. The benefit to you is that you will not waste valuable time tracking properties that have already been sold. Additionally, throughout the purchasing process, you will always be treated with respect and professionalism by our sales agents. Massey Knakal: We Know New York City. Know Us.

4 Offering Memorandum 57 Bond Street Retail Condominium Unit East Sale Price: $4,700,000 Asking Rent: Upon Request Mei Ling Wong SALES AGENTS: James Nelson (x7716) (x7710) Mitchell Levine (x7761) Michael DeCheser (x7772) LEASING AGENT: Brendan Gotch (x7714) MASSEY KNAKAL REALTY SERVICES 275 MADISON AVENUE, 3 RD FLOOR NEW YORK, NEW YORK (P) (F)

5 Table of Contents Property Information Property Photograph Property Overview Tax Map and Location Floor Plans Neighborhood Information Neighborhood Character Neighborhood Map Retail Map Aerial Map Zoning Map Zoning Description Subway Map Bus Map Transportation Description Due Diligence Tax Information Certificate of Occupancy

6 Property Photograph

7 Property Photograph

8 Interior Photographs

57 Bond Street New York, NY Retail Condominium For Sale or Lease 57 Bond Street Retail Condominium-Unit East Property Information Address: Location: 57 Bond Street- Retail Condominium Unit East

) 3,871 Total Zoning: C6-1 Real Estate Taxes (12/13) $ 43,578 Includes 421a (Expires 6/30/2014) Common Charges (2012): $ 20,818 John Varvatos Source: Citymaps.

9 57 Bond Street New York, NY Retail Condominium For Sale or Lease 57 Bond Street Retail Condominium-Unit East Property Information Address: Location: 57 Bond Street- Retail Condominium Unit East Southwest corner of Bowery and Bond Street Block & Lot: 529 / 1601 Historic District: No Unit Information Total NSF: 2,311 Ground (Approx.) 1,560 Cellar (Approx.) 3,871 Total Zoning: C6-1 Real Estate Taxes (12/13) $ 43,578 Includes 421a (Expires 6/30/2014) Common Charges (2012): $ 20,818 John Varvatos Source: Citymaps.com Description: A retail condominium located on the southwest corner of Bowery and Bond Street - one of the most desirable locations in the neighborhood. The unit has 47 feet of exposure on Bowery and 43 feet on Bond Street with an entrance on Bond. The gross square footage is approximately 3,871SF with 2,311SF on the ground floor and 1,560SF of cellar space. Although the ceiling is dropped, from slab to slab on the ground floor ceiling heights are 14 and 9 feet on the lower level. This corner space sits on the rapidly emerging fashion district surrounding the intersection of Bond Street and the Bowery. No restaurant, bar, café or any use involving cooking on premise is allowed. With tenants nearby including Billy Reid, Rogan, Blue and Cream, John Varvatos, and United Nude, this space is likely to draw significant attention from the fashion crowd. Moreover, a number of high end hotels and restaurants have continued opening in the neighborhood, bringing strong foot traffic that is certain to bolster the appeal of this space among a variety of potential tenants. Asking Price:$4,700,000 Asking Rent: Upon Request For further information or inspection please contact Exclusive Agents: James Nelson Sales jnelson@masseyknakal.com x7710 Mei Ling Wong Sales mwong@masseyknakal.com x7716 Brendan Gotch Leasing bgotch@masseyknakal.com x7714 Michael DeCheser Sales mdecheser@masseyknakal.com x7772 Mitchell Levine Sales mlevine@masseyknakal.com x7761 State of New York, Office of Attorney General, File No.: CD This is not an offering. No offering can be made until an offering plan is filed with the Department of Law of the State of New York. This request for expressions of interest is made pursuant to Cooperative Policy Statement No. 1 issued by the New York State Attorney General. The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN Madison Avenue Third Floor New York, NY Fax THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER

10 Tax Map and Location 57 Bond Street-Unit East, New York, NY Tax Block: 529 Lot: 1601 Location: The southwest corner of Bowery and Bond Street.

11 Floor Plan 57 Bond Street East Unit BOND STREET BOWERY

12 Floor Plan

Neighborhood Character- NoHo This property is located in NoHo which is roughly bounded by Houston Street on the south, the Bowery and Third Avenue on the east, 8th Street on the north, and Broadway

The neighborhood is composed of all types of people who prefer the downtown style of living for its abundance of cultural amenities which can only be found here.

13 Neighborhood Character- NoHo This property is located in NoHo which is roughly bounded by Houston Street on the south, the Bowery and Third Avenue on the east, 8th Street on the north, and Broadway on the west. According to New York magazine NoHo, short for North of Houston, is home to an ever growing affluent community. The neighborhood is composed of all types of people who prefer the downtown style of living for its abundance of cultural amenities which can only be found here. Filmmakers and fashionistas reside in renovated tenements, drawn by nightlife and shopping. Celebrities in the neighborhood include the likes of David Bowie and Lauren Hutton who live in airy new condos on Lafayette Street. The area has experienced a resurgence over the last few years with high end rental developments by Avalon Bay, along with boutique hotels and luxurious condominium developments. It has also seen a dramatic transformation over the last three years into an area with chic boutiques and European style cafes. Such growth, especially on the high end luxury market, has driven retailers to establish a presence in the area. This neighborhood continues to benefit from the creation of high-end development around it. Condominiums at 57 Bond Street have sold for more than $1,900/SF, while the newly built 40 Bond Street by the acclaimed Ian Schrager sold out at over $2,800/SF and features a long list of amenities including 24-hour concierge services. In spite of these new developments, NoHo has still maintained its quiet, "old-time feel. New eateries like Saxon & Parole and Forcella join old standbys such as Il Buco. Among many other significant buildings in the area are the architecturally distinct Puck, De Vinne Press, and Bayard- Condict Buildings. NoHo is a mecca for dinning, entertainment, and the likes. Lafayette Street and the surrounding areas host several Off-Broadway shows and theaters which include The Public Theater, The Astor Place Theater, and Joe s Pub. HOTELS Since its opening, The Bowery Hotel, which is the latest venture from the creators of the Maritime Hotel, continues to attract locals as well as tourists. The super-luxe Standard East Village has set the bar for downtown luxury living with high end appointed finishes while providing top notch amenities for its guests. These hotels cater to an exclusive clientele and enjoy extremely high occupancy rates year round and will undoubtedly drive foot traffic surrounding the retail property.

Neighborhood Character- NoHo RETAIL NoHo has become one of the leading sources of creativity for the fashion and retail industries as well as all forms of designer merchandise.

Retailers here have access to the high end customers living in newly built developments while capturing tourists staying in the new luxury hotels.

14 Neighborhood Character- NoHo RETAIL NoHo has become one of the leading sources of creativity for the fashion and retail industries as well as all forms of designer merchandise. Soaring rents in midtown along Madison and Fifth Avenue continue to drive retailers south to the NoHo area in search of lower rents. Retailers here have access to the high end customers living in newly built developments while capturing tourists staying in the new luxury hotels. In fashion, John Varvatos, Blue & Cream, Billy Reid and others can be spotted on a casual walk through the neighborhood. EDUCATION New York University and Cooper Union are both a short walk distance from NoHo. Many teachers and students are housed in the surrounding area and the NYU Bus can be seen regularly making its way down West Broadway, across Spring, down Broadway or up Lafayette. The school has an enormous influence on New York City and the NoHo and SoHo area in particular. The Drawing Center serves the artistic community and the Open Center offers numerous non-traditional courses. Families attracted to the area will benefit by the variety of schools and activities for their children. Public schools for the area include the highly rated PS130 for elementary school and PS 65 for Junior High. Private school options for children include The City & Country Day School, Little Red School House, and the Grace Church School. RESTAURANTS Older original restaurants include Il Buco which opened in 1994, and quickly became an in-the-know favorite. Excellent fare is available on every corner, as some of the city s most talented chefs have been brought into the area. Noteworthy restaurants include Five Points, Peasant, Bond Street Sushi, Freemans, and Gemma.

15 Neighborhood Map

16 Retail Map John Varvatos Source: Citymaps.com

17 Aerial Map

Zoning Map New York City s zoning regulates permitted uses of the property; the size of the building allowed in relation to the size of the lot ( floor to area ratio ); required open space on the

18 Zoning Map New York City s zoning regulates permitted uses of the property; the size of the building allowed in relation to the size of the lot ( floor to area ratio ); required open space on the lot, the number of dwelling units permitted; the distance between the building and the street; the distance between the building and the lot line; and the amount of parking required. 57 Bond Street is zoned C6-1 Max FAR: 6.00 C6-1 Description: In M1-5A and M1-5B districts (SoHo/NoHo) loft floor area cannot be converted to residential use but may be occupied as joint living-work quarters by artists certified by the city's Department of Cultural Affairs. In these districts there are also restrictions on ground floor uses. The Lower Manhattan Mixed Use District (Tribeca) allows conversions to loft dwellings (residential) or to joint living-work quarters. Conversions in larger buildings in SoHo/NoHo and Tribeca require a special permit.

19 Zoning Information

20 Zoning Information

21 Subway Map

22 Bus Map

23 Transportation Description Besides the diversity of services and amenities located in the immediate vicinity, the 57 Bond Street retail condominium has excellent access to major transportation facilities. The Astor Place and Broadway-Lafayette subway stops are within easy walking distance, providing access to all areas of Manhattan, and to the Bronx, Brooklyn, and Queens. By car, there is relatively easy access to the Holland tunnel to New Jersey, and the Brooklyn-Battery tunnel to Brooklyn. The area is equally accessible to Newark and LaGuardia airports.

24 Tax Information

25 Certificate of Occupancy

26 Certificate of Occupancy

157 West 24th Street New York, New York

157 West 24th Street New York, New York New York, New York Confidentiality Agreement THIS IS A CONFIDENTIAL MEMORANDUM intended solely for your own limited use in considering whether to pursue negotiations to acquire an interest in, New York,