4 RESIDENTIAL APARTMENT BUILDINGS IN BRONXDALE APARTMENTS 2515, 2531, 2541 & 2545 Olinville Avenue The Bronx, NY

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1 4 RESIDENTIAL APARTMENT BUILDINGS IN BRONXDALE APARTMENTS 2515, 2531, 2541 & 2545 Olinville Avenue The Bronx, NY UNIT MIX Address 2515 Olinville Avenue Zoning / far: Lot Size: Total BSF: Existing SF: Additional Air Rights: 4428 / ' x 100' 100' x 87' 6 41, D R6 / ,000 24,300 41,664 Overbuilt $516,600 $69,395 ($48,527) ($1,051) $19, / 52 50' x 100' 50' x 88' 4 14, C R6 / ,000 12,150 14,720 Overbuilt $199,260 $26,767 ($17,968) ($2,472) $6,327 Studios BR BR BR Total & 2545 Olinville Avenue 2515 Olinville 2531 Olinville 2541 Olinville 2545 Olinville Address: Block / Lot: Lot Size: Building SIZE: Stories: Gross SF: Number of Units: Building Type: Year Built: Assessment (12/13): Taxes (12/13): J-51 Exemption: J-51 Abatement: SCRIE: DRIE: Total Taxes (12/13): 2531 Olinville Avenue Total Olinville Olinville Olinville Olinville 4428 / 46 87' x ' 79' x 87' 5 39, C R6 / ,006 21,885 39,157 Overbuilt $362,160 $48,649 ($37,335) ($520) ($938) $9, / ' x ' 76' x 89' 5 38, C R6 / ,930 19,270 38,273 Overbuilt $386,910 $51,974 ($40,174) ($994) ($243) ($1,370) $9,193 PROPERTY DESCRIPTION: The four buildings located on Olinville Avenue in the Bronxdale neighborhood of the North Bronx contain a total of 133 units, (448 rooms), all of which are rent regulated. The buildings have been well managed and cared for under long-term institutional ownership. The properties all feature video surveillance, circuit breakers throughout, original wood flooring, and nicely renovated spacious apartments. All roofs are in excellent condition and 2515 Olinville features a new elevator cab and mechanicals. Gas and electric meters for all buildings reside in the basement. The boiler in 2531 Olinville Ave burns gas while the other three burn oil. The portfolio has a gross annual income of $1,414,000. Average monthly rent per room is only $263, presenting the opportunity for significant revenue upside. Coupled with the low inventory of residential apartment buildings in this area and a strong demand for housing, the portfolio represents an ideal opportunity to own multifamily assets in the North Bronx. The buildings are located steps west of the Allerton Avenue subway station which provides an approximately 45-minute commute to Midtown Manhattan via the 2- and 5-trains. The property also has quick access to the Bronx River Parkway and is within easy walking distance to the Allerton Avenue and White Plains Road commercial corridors. The properties are also a 15 minute walk from the Botanical Gardens Metro North stop. ASKING PRICE: $10,500,000 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. THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER

2 4 RESIDENTIAL APARTMENT BUILDINGS IN BRONXDALE APARTMENTS 2515, 2531, 2541 & 2545 Olinville Avenue The Bronx, NY A L L E R T O N AV E 2515 Olinville 2531 Olinville 2541 Olinville 2545 Olinville TOTAL Gross Annual Revenue: $484,319 $191,552 $361,454 $377,272 $1,414,597 Less Vacancy & Credit Loss (5%): $(24,216) $(9,578) $(18,073) $(18,864) $(70,730) Effective Gross Annual Revenue: $460,103 $181,975 $343,381 $358,409 $1,343,868 $(226,318) $(92,333) $(168,416) $(175,287) $(662,354) $233,785 $89,642 $174,965 $183,122 $681,514 WHITE PLAINS RD B A R K E R AV E PRICING MATRIX Capitalization Rate: 6.5% Gross Rent Multiple: 7.4 Price Per Square Foot: $78 Price Per Unit: $78, O L I N V I L L E AV E R obert A. K nakal Chairman rknakal@masseyknakal.com x7777 K arl B rumback kbrumback@masseyknakal.com x7731 Jonathan H ageman Sales Team Manager jhageman@masseyknakal.com x7773 D avid K alish Director of Sales dkalish@masseyknakal.com x7726 Joshua R ubin Associate Director of Sales jrubin@masseyknakal.com x7752 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. THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER A L L E RT O N AV E O L I N V I L L E AV E Projected Net Operating Income: M A C E AV E BRONX M A C E AV E B A R K E R AV E PA R K E Less Expenses:

3 Two Mixed-Use Buildings in The Heart of Harlem for Sale East 125 th Street New York, NY Location: North side of E. 125 th St. between Madison and Park Avenue Address: E. 125 th St. Blocks & Lots: 1750 / Zoning: C4-4D / 125 Building S.F. (E th St.): 3,716 S.F. (Approx.) Building S.F. (E th St.): 3,070 S.F. (Approx.) Building S.F. (combined): 6,786 S.F. (Approx.) Lot Dimensions: x Lot Size: 3,730 S.F. (Approx.) Buildable S.F. (As of Right): 22,455 Buildable S.F. (w/ CF Bonus): 24,245 Buildable S.F. (w/ Art Bonus): 26,856 Assessed Value (12/13): $542,970 R.E. Taxes (12/13): $55,122 This offering presents a unique opportunity to own two contiguous mixeduse buildings on 125 th St., which is the busiest retail corridor in Harlem. The current properties are situated on a x lot on the North side of E. 125 th St. between Madison and Park Avenue in Central Harlem. The current zoning (C4-4D 6.02 FAR) allows for approximately 22,455 buildable square feet as of right. Both buildings will be delivered completely vacant. The 57 E. 125 th St. property is already vacant. The 59 E. 125 th St. building is occupied by the restaurant A Taste of Seafood, which is currently renting on a month-to-month basis. The location is easily accessible to Midtown and Downtown via the Lexington Avenue 4, 5, and 6 trains. The subject property is a block away from the Metro-North Railroad. In addition, a number of bus routes also canvass the area East 125 th St East 125 th St. 205 Montague Street, 3rd Floor Brooklyn, NY T: / F: ASKING PRICE: $ 4,500, Madison Avenue, 3rd Floor New York, NY T: / F: Queens Boulevard, 14 th Floor Forest Hills, NY T: / F: For further information or inspection, contact Exclusive Agent: Lev Kimyagarov lev@masseyknakal.com (212) 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. 275 Madison Avenue 3 rd Floor New York, NY Fax

4 41 UNSOLD CONDOMINIUM UNITS IDEALLY LOCATED ON THE UPPER WEST SIDE The Hopkins Condominium 172 West 79 th Street New York, NY Location: Southeast corner of Amsterdam Avenue and West 79 th Street. Block / Lot: 1150 Various Lot Size: 100 x Building Dimensions: 90 x 102 (Approx.) Building Stories: 19 plus basement # of Units: 41 (33 RS, 8 RC) Gross Sq. Ft.: Zoning: Historic District: 40,378 (Approx.) C2-5/R10A Yes (Upper West Side Central Park West) ASKING PRICE: $18,000,000 A package of 41 residential units situated within The Hopkins Condominium, a 19 story, 98 unit, pre-war elevatored apartment building located at the southeast corner of Amsterdam Avenue and West 79th Street, just steps from the Museum of Natural History and Central Park. Of the 41 sponsor-owned apartments, 33 are rent stabilized, and 8 are rent controlled. In the aggregate, the units total approximately 40,378 net rentable/sellable square feet. Layouts consist of 22 two-bedroom/two-bath units totaling roughly 26,009 SF and ranging in approximate size from 1,060 SF to 1,464 SF, and 19 one-bedroom units totaling roughly 14,369 SF ranging in approximate size from 682 SF to 842 SF. Average rent for the units is roughly $20.00 per net rentable SF. The property was converted to condominium ownership in 2004, and tenant amenities include 24-hour doorman, live-in super, laundry room, and available bicycle storage and personal storage cages. For further information, please contact Exclusive Agents: Guthrie Garvin ggarvin@masseyknakal.com x7786 Paul B. Smadbeck psmadbeck@masseyknakal.com x7760 Timothy B. Hay thay@masseyknakal.com x7706 Britt Wohler bwohler@masseyknakal.com x7781 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.

5 WEST HARLEM MULTIFAMILY ELEVATOR BUILDING FOR SALE 43 UNITS, WEST OF BROADWAY 617 West 141st Street New York, NY KARL BRUMBACK West 141st Street Financial Summary Location: The subject property is located on the north side of West 141st Street between Broadway Asking Price: $7,000,000 and Riverside Drive. Block/Lot: 2088/80 Zoning/FAR: R8 Gross Income: $519,819 Lot Dimensions: 100' x 99.92' Expenses: $250,441 Lot Area: 9,992 NOI: $269,377 Stories: 6 Building Dimensions: 98' x 87' Gross Square Footage: 42,270 Cap Rate: 3.84% Residential Units: 43 (includes super s unit) GRM: Average Net Unit Size: 836 Price Per SF: $166 Assessment (12/13): $496,620 Price Per Unit: $162,791 Taxes (12/13): $65,459 Rent Per Net SF: $14.47 *J-51 Exempt. & Abate.: $(65,459) Average Rent PU: $1,007 Adjusted Taxes (12/13): $- *J-51 Exemption ends in J-51 Abatement has $200, remaining. PROPERTY DESCRIPTION: The subject property is a 98 wide 6 story multi-family elevator building with 43 residential units located on the north side of West 141st Street between Riverside Drive and Broadway. Of the 43 units, 13 are one-bedroom, 18 are two-bedroom, 11 are three-bedroom, and 1 is a four-bedroom apartment (one of the residences is reserved for the super). 42 of the units are rent stabilized. The average apartment size is 836 square feet and the average rent per net square foot is $14.47 which is approximately half the market average ($30). There is a laundry facility in the building reserved for tenants and the building is heated with a 1975-era #6 boiler. Public transportation is easily accessible via the 1 train stop at West 137th Street and Broadway and the numerous bus routes that canvas the area. The building benefits from its proximity to Columbia University, City College to the north and Riverside Park to the west and St. Nicholas Park to the east. 617 West 141st Street is part of The Hamilton Portfolio. It can be purchased on an individual basis or packaged with other available properties within The Hamilton Portfolio. ROBERT M. SHAPIRO rshapiro@masseyknakal.com JOSH LIPTON jlipton@masseyknakal.com JOSHUA RUBIN Associate Director of Sales jrubin@masseyknakal.com 212, The information contained herein has either been given to us by a reliable third party resource that is familiar with 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. JAMES YETTER Associate jyetter@masseyknakal.com

6 WEST HARLEM MULTIFAMILY ELEVATOR BUILDING FOR SALE 43 UNITS, WEST OF BROADWAY 617 West 141st Street New York, NY Unit Beds Status Expiration Rent 1 3 RS 9/30/13 $1, RS 1/31/14 $ RS 10/31/13 $1, RS 6/30/13 $1, RS/SEC-8 4/30/13 $1, RS 8/31/13 $ RS 1/31/14 $ RS 12/31/13 $ RS 1/31/14 $ RS VACANT $1, RS 1/31/13 $ RS 12/31/13 $949 Unit Beds Status Expiration Rent 44 1 RS 7/31/13 $1, RS/SEC-8 1/31/14 $ RS 1/31/14 $ RS VACANT $2, RS VACANT $1, RS 1/31/13 $1, RS 10/31/13 $1, RS 10/31/13 $1, RS 1/31/14 $ RS 12/31/13 $ RS VACANT $2, RS VACANT $2,000 Estimated Expenses Taxes (12/13): $- Vacancy & Credit 3% / GAI $15,595 Water/ $900 / Unit $38,700 $400 / Unit $17,200 $2.00 / Sq. Ft. $84,540 $0.25 / Sq. Ft. $10,568 $550 / Unit $23,650 $5,000 / Year $5,000 General & 2% / GAI $10,396 $2,000 / Month $24,000 4% / GAI $20,793 Total: $250,441 Expenses Per Unit: $5, (30%) One-Bedroom Unit Mix 18 (42%) Two-Bedroom 1 (2%) Four-Bedroom 11 (26%) Three-Bedroom 26 3 RS/SEC-8 10/31/13 $ RS 1/31/14 $ RS 1/31/13 $ RS 1/31/14 $ RS/SEC-8 2/28/13 $1, RS 10/31/14 $1, RS 3/31/14 $1, RS VACANT $1, RS/SEC-8 8/31/13 $ RS 9/30/12 $1,341 Summary Gross Annual Income: $519,819 Less Expenses: $250,441 Net Operating Income: $269, (98% RS 34 1 RS 10/31/13 $1, RS 1/31/13 $ RS 12/31/13 $ RS 12/31/14 $ RS 1/31/14 $ RS 10/31/13 $ RS 6/30/13 $1,295 BSMT 2 RS SUPER $- Total Monthly Residential Revenue: $43,318 Gross Annual Residential Revenue: $519,819 Average Rent / Residential Apt: $1,007 Asking Price: $7,000,000 Price Per Square Foot: $166 Price Per Unit: $162,791 1 (2%) SUPER 43 1 RS 9/30/13 $1,048 Residential Rent Per Net Square Foot: $14.47 KARL BRUMBACK kbrumback@masseyknakal.com ROBERT M. SHAPIRO rshapiro@masseyknakal.com JOSH LIPTON jlipton@masseyknakal.com JOSHUA RUBIN Associate Director of Sales jrubin@masseyknakal.com 212, The information contained herein has either been given to us by a reliable third party resource that is familiar with 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. JAMES YETTER Associate jyetter@masseyknakal.com

7 939 Summit Avenue Mott Haven Mixed-Use Development Site Property Information Location: On the West side of Summit Avenue b/w W. 161st and W.165th Streets Block / Lot: 2523 / 66 Lot Size: Lot Area: 98.37' x 97' (irr.) (Approx.) 9,037' (Approx.) Zoning: R7-1 / M1-5 As of Right: Res. FAR: 3.44 Comm. FAR: 5.00 Total Buildable SF (Res): 31,087 BSF (Approx.) Total Buildable SF (Comm): 45,185 BSF (Approx.) Community Facility: Res. FAR: 4.8 Comm. FAR: 6.5 Total Buildable SF (Res): Total Buildable SF (Comm): 43,378 BSF (Approx.) 58,741 BSF (Approx.) Assessment (11/12): $92,657 Taxes (11/12): $9, Summit Avenue consists of single-story five-car parking garage on a 9,037 sq. ft. lot and is located on the West side of Summit Avenue, between West 162 nd and West 165 th Nicholas Burns Director of Sales nburns@masseyknakal.com Streets. The garage property is approximately 970 sq. ft. and has curb cuts already in place. There are approximately 15 outdoor parking spaces and 5 indoor spaces. The irregularly shaped lot also has significant development potential, totaling 31,087 sq. ft. of residential development and 45,185 sq. ft. of commercial development. The site benefits from 97 of frontage on Summit Avenue and provides Harlem River and Manhattan views. The site is also directly accessible from the Major Deegan Expressway, as well as multiple bus and subway lines. ASKING PRICE: $725,000 David Simone dsimone@masseyknakal.com Andrew Essick Senior Associate aessick@masseyknakal.com 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.

8 Crotona Park Retail Building For Sale 1289 Louis Nine Boulevard Bronx, NY Property Information: Block / Lot: 2976 / 35 Lot Dimensions: ft x ft (irr.) (approx.) Lot Size SF: 12,400 Building Dimensions: ft x ft (irr.) (approx.) Commercial Units: 1 Gross Sq. Ft.: 12,400 Zoning: C1-4 / R Commercial FAR: 3.44 Residential 4.80 Community Facility 24,800 Commercial Buildable Sq. Ft.: 42,656 Residential 59,520 Community Facility Assessment (12/13): $285,884 Taxes (12/13): $29,023 The subject property is a single story retail building located at the confluence of Southern Blvd, Freeman Street and Louis Nine Blvd in the Crotona Park section of the Bronx. It benefits from tremendous visibility and high vehicular and foot traffic. Located at the foot of the #2 & #5 subway station at Freeman Street the building benefits from easy access to both the east and west sides of Manhattan. Totaling 12,400 SF and zoned C1-4 / R7-1, multiple development possibilities exist (max. commercial of approx. 24,800 SF and a max. residential of approx. 42,656 SF). It will also be delivered vacant and offers 100 of frontage. With multiple new developments in the surrounding area, this property represents an ideal opportunity for an investor, developer or owner/user. PROJECTED 13.6% CAP & $141 PER SQ. FT. REDUCED ASKING PRICE: $1,750,000 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. THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER

9 Crotona Park Retail Building For Sale 1289 Louis Nine Boulevard Bronx, NY PROJECTED RENT ROLL Unit Tenant Approx. Sq. Ft. Rent / Sq. Ft Projected Monthly Rent 1 Vacant 12,400 $25 $25,833 Gross Monthly Income: $25,833 Gross Annual Income: $310,000 Less Vacancy & Credit Loss 10% ($31,000) Effective Gross Annual Revenue $279,000 PROJECTED EXPENSES Real Estate Taxes (11/12) Fuel Water & Sewer Charges Actual Assume Tenant Pays Assume Tenant Pays $29,023 $0 $0 Electric Assume Tenant Pays $0 $1.00 per sq. ft. $12,400 Management Assume Tenant Pays $0 Projected Annual Expenses $41,423 Net Operating Income: $237,577 Pricing Metrics Asking Price: $1,750,000 Price Per SF: $141 Projected Cap Rate: 13.6% Projected GRM: 5.65 For additional information or inspection, please contact exclusive agents: Nicholas Burns Director of Sales x7756 nburns@masseyknakal.com Andrew Essick Senior Associate x7794 aessick@masseyknakal.com 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. THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER

10 SENIOR NOTE FOR SALE Prospect Avenue Bronx, NY A senior note sale collaterized by an approximately 10,378 SF two-story commercial building and an adjacent 23 wide vacant lot. Both properties are currently vacant and are located on the northeast corner of Prospect Avenue, between Boston Road and E 170 th Street in the Crotona neighborhood of the Bronx. Currently zoned C2-4 / R7-1, both sites provide a combined 148 ft of corner frontage and approximately 33,160 buildable sq. ft. Located just five blocks north of the Freeman Street 2 & 5 subway station and within direct proximity of multiple bus lines, the collateral is conveniently located for an investment or development project. Property Information Address: Prospect Avenue Location: East side of Prospect Avenue Boston Road and E 170th Street. Block/Lots: 2963/48 & 49 Lot Dimensions (48): 23.2' x 93.3' Irr. (approx.) Lot Dimensions (49): 56.2' x 116.5' Irr. (approx.) Combined Lot Dimensions: 79.5' x 116.5' Irr. (approx.) Building Information Building Dimensions: 69' x 77' Irr. (approx.) Stories: 2 Gross Square Footage: 10,378 (approx.) Zoning: C2-4 / R7-1 FAR: Commercial: 2.00 Residential: 4.00 Wide Street Combined Lot Size: 8,290 (approx.) Buildable Footage: Commercial: 16,580 (approx.) Residential: 33,160 (approx.) Assessment (12/13): $ 381,309 Taxes (12/13): $ 38,710 Using 11/12 tax rate ASKING PRICE: $850,000 Nicholas Burns nburns@masseyknakal.com Andrew Essick aessick@masseyknakal.com LOAN SUMMARY Note Origination Date: 8/1/2008 Note Maturity Date: 1/1/2009 Original Principal Amount: $2,000,000 Interest Rate: 16% Brendan Maddigan bmaddigan@masseyknakal.com 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. 205 Montague Street Third Floor Brooklyn, NY Fax

11 WASHINGTON HEIGHTS MULTIFAMILY ELEVATOR BUILDING FOR SALE 50 UNITS, POTENTIAL CONDO CONVERSION 4720 Broadway New York, NY ROBERT M. SHAPIRO Property Information Financial Overview Location: The northeast corner of Broadway and Arden Street. Gross Annual Income: $ 933,985 Block/Lot: Expenses + Vacancy: $ 432,508 Zoning/FAR: R7-2 / 3.44 NOI: $ 501,477 Lot Dimensions: ' x ' (approx.) Lot Area: 12,050 (approx.) Stories: 6 ASKING PRICE: $ 12,500,000 Building Dimensions: 108' x 105' (approx.) Gross Square Footage: 52,377 (approx.) Cap Rate: 4.00 % Residential Square Footage: 50,107 (approx.) Gross Rent Multiple: 13.4 Residential Units: 48 Price Per Square Foot: $ 239 Average Net Residential Unit Size: 887 (approx.) Price Per Unit: $ 250,000 Commercial Square Footage: 2,271 (approx.) Commercial Units: 2 Assessment (13/14): $1,079,280 Taxes (13/14)*: $142,260 *Taxes based off tentative assessment value PROPERTY DESCRIPTION: 4720 Broadway is a 6 story Art Deco elevator building located on the corner of Arden Street across from Fort Tyron Park and a half block from the A express line. The units feature high ceilings, sunken living rooms, original artistic block wood floor design and coop style layouts that increase rental values. The 48 residential units are comprised of 8 studios, 22 one-bedroom and 18 two-bedroom apartments. The building is predominantly rent regulated and consists of 41 rent stabilized, 2 rent controlled, 4 free market apartments & 1 super s unit. New electrical service was installed throughout the entire building in 2012 and the property s water lines have been recently upgraded. There is a commercial unit located along Broadway on the northeast corner of the building and an additional space in the basement that is currently being used as storage which could easily be converted and rented as office space. As of May 7th, 2012, ownership has received approval from the Attorney General s office to position the property as a condo conversion. The building benefits from direct access to the Henry Hudson Parkway via the Dyckman Street exit and the Dyckman Street retail corridor. JIM YETTER Senior Associate jyetter@masseyknakal.com ASKING PRICE: $12,500, DANIEL P. M AURER Associate dmaurer@masseyknakal.com 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.

12 WASHINGTON HEIGHTS MULTIFAMILY ELEVATOR BUILDING FOR SALE 50 UNITS, POTENTIAL CONDO CONVERSION 4720 Broadway New York, NY UNITS ROOMS SQ. FT. STATUS EXPIRATION RENT 1A RS 1/31/2013 $927 1B 3.5 1,001 RS 11/30/2013 $2,376 1C RS 11/30/2013 $1,141 1D 4/1.5 1,229 RS 9/30/2014 $1,200 1E SUPER $- 1F 4/1.5 1,061 RS 1/31/2013 $1,175 1G 4.5/2 1,321 FM VACANT $2,500 1H FM 5/31/2013 $1,400 2A RS 4/14/2013 $1,697 2B FM 10/31/2013 $2,511 2C FM VACANT $1,500 2D RS VACANT $2,000 2E RS 11/30/2013 $1,797 2F 4/1.5 1,061 RS 3/31/2014 $2,250 2G 4.5/2 1,302 RS 6/30/2014 $1,488 2H RS 2/28/2014 $1,358 3A RS 3/3/2013 $1,363 3B RC 12/31/2013 $620 3C RC 2/28/2013 $1,290 3D RS 8/31/2013 $1,374 3E RS 3/31/2013 $1,750 3F 4/1.5 1,061 RS 3/31/2013 $1,674 3G 4.5/2 1,302 RS 8/31/2014 $1,685 3H RS 7/31/2013 $1,748 4A RS 7/31/2013 $1,354 4B RS 12/31/2013 $1,379 4C RS VACANT $1,500 UNITS ROOMS SQ. FT. STATUS EXPIRATION RENT 4D RS 3/31/2013 $1,111 4E RS 4/30/2013 $1,561 4F 4/1.5 1,061 RS 11/30/2014 $1,808 4G 4.5/2 1,302 RS 2/28/2013 $1,488 4H RS VACANT $2,000 5A RS 3/31/2013 $1,367 5B RS 5/31/2014 $1,292 5C RS 1/14/2014 $1,346 5D RS 3/31/2013 $1,459 5E RS 5/31/2013 $1,540 5F 4/1.5 1,061 RS 11/30/2013 $1,266 5G 4.5/2 1,302 RS 7/31/2014 $1,805 5H RS 1/31/2014 $977 6A RS 1/31/2014 $1,352 6B RS VACANT $2,000 6C RS 2/28/2013 $1,126 6D RS 3/31/2013 $1,197 6E RS 8/31/2013 $1,183 6F 4/1.5 1,061 RS 7/31/2014 $1,719 6G 4.5/2 1,302 RS 2/28/2013 $1,536 6H RS 6/30/2013 $1,114 BSMT COM 8/31/2013 $1,000 Total Monthly Residential Revenue: $72,307 Gross Annual Residential Revenue: $867,685 Average Rent / Residential Apt: $1,506 Residential Rent Per Net Square Foot: $20.37 ROBERT M. SHAPIRO rshapiro@masseyknakal.com JIM YETTER Senior Associate jyetter@masseyknakal.com DANIEL P. M AURER Associate dmaurer@masseyknakal.com 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.

13 WASHINGTON HEIGHTS MULTIFAMILY ELEVATOR BUILDING FOR SALE 50 UNITS, POTENTIAL CONDO CONVERSION 4720 Broadway New York, NY Commercial Revenue Tenant SF Expiration Montly Rent Thayer Cleaner /31/13 $2,975 Total Monthly Commercial Revenue: $2,975 Gross Annual Commercial Revenue: $35,700 Rent Per Square Foot: $49.17 Laundry & Storage Tenant Montly Rent Laundry $650 Storage* Projected $1,900 Total Monthly Commercial Revenue: $2,550 Gross Annual Commercial Revenue: $30,600 * Future ownership will have the ability to create an additional storage facility. Combined Revenue Gross Monthly Revenue: $77,832 Gross Annual Revenue: $933,985 Residential, Laudry & Storage Revenue Residential, Laundry & Storage Gross Annual Income $898,285 Vacancy 3% of Gross Annual Income $26,949 Adjusted Residential Gross Annual Income $871,337 Commercial Revenue Commercial Gross Annual Income $35,700 Vacancy 5% of Gross Annual Income $1,785 Adjusted Commercial Gross Annual Income $33,915 Adjusted Gross Annual Income: $905,252 Estimated Expenses Taxes (13/14)* $142,260 Water/ $900 / Res. Unit $43,200 $400 / Res. Unit $19,200 $1.75 / Sq. Ft. $91,662 $0.25 / Sq. Ft. $13,095 $300 / Res. Unit $14,400 $5,000 / Year $5,000 Cleaning & $400 / Month $4,800 General & $250 / Res. Unit $12,000 $400 / Week $20,800 4% $37,359 Total: $403,775 Expenses Per Unit: $8,076 Adjusted Gross Annual Income: $905,252 Less Expenses: $403,775 Net Operating Income: $501,477 *Taxes based off tentative assessment value One Bedrooms (22) 45% Studios (8) 17% Fair Market (4) 8% Commercial (1) 2% Residential Unit Mix Rent Status Mix Rent Stabilized (41) 84% Two Bedrooms (18) 38% Rent Controlled (2) Super (1) 4% 2% ROBERT M. SHAPIRO rshapiro@masseyknakal.com JIM YETTER Senior Associate jyetter@masseyknakal.com DANIEL P. M AURER Associate dmaurer@masseyknakal.com 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.

14 WASHINGTON HEIGHTS MULTIFAMILY ELEVATOR BUILDING FOR SALE 50 UNITS, POTENTIAL CONDO CONVERSION 4720 Broadway New York, NY Bathroom Apartment Lobby Sunken Living Room Laundry Facility ROBERT M. SHAPIRO JIM YETTER Senior Associate DANIEL P. M AURER Associate dmaurer@masseyknakal.com 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.

15 DEVELOPMENT SITE FOR SALE 6469 Broadway Park Front! North Riverdale, The Bronx 175 of frontage! Property Description: This outstanding North Riverdale property is located on Broadway just south of Mosholu Avenue and fronts Van Cortlandt Park. This +17,500 sf site features 175 of park frontage, R6 zoning and a commercial overlay that covers approximately 50% of the north side of the lot. Currently an operating gas station, the site has been admitted into the DEC s Brownfield Cleanup Program generating the potential for future tax credits in excess of $1M. Well priced at $32 per buildable square foot before tax credits! Please call for more information on this promising Riverdale development opportunity. Karl Brumback kbrumback@masseyknakal.com REDUCED ASKING PRICE: $1,675,000 Block / Lot: 5851 / 2098 Lot Size SF: 17,525 Lot Dimensions: 175' x 100' Zoning: C2-2 / R6 FAR (Residential/Comm. Facil.): 3.0 / 4.8 Buildable SF Resid.: 52,575 Buildable SF Comm. Facility: 84,120 $/Residential SF (before tax credits) $32 Taxes (11/12): $22,673 Please contact exclusive agents: Joshua Rubin Senior Associate jrubin@masseyknakal.com 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. THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER

16 HISTORIC MIXED-USE MULTIFAMILY BUILDING FOR SALE 547 UNITS, NORTH-CENTRAL HARLEM The Dunbar Apartments New York, NY KARL BRUMBACK Dunbar Location: The subject property encompasses the entire block between 7th & 8th Avenues and West 149th and West 150th Streets. Block/Lot: 2035/1 Zoning/FAR: C1-4/R7-2 / 3.44 Lot Dimensions: 775' x ' Lot Area: 150,332 Stories: 5 & 6 Building Dimensions: 775' x ' Gross Square Footage: 436,115 Residential Square Footage: 427,207 Residential Units: 536 Average Net Residential Unit Size: 793 Commercial Square Footage: 8,908 Commercial Units: 11 Assessment (12/13): $6,216,750 Taxes (12/13): $819,430 PROPERTY DESCRIPTION: Massey Knakal Realty Services is pleased to announce it has been hired on an exclusive basis to arrange for the sale of the historic Dunbar Apartment buildings in North Central Harlem. Bounded by 7th and 8th Avenues, and West 149th and West 150th Street the complex is divided into 6 separate buildings around large central courtyard, and is comprised of 536 residential and 11 commercial units. The residential unit mix is 15 studios, 106 one-bedrooms, 384 twobedrooms and 31 three bedroom units. With the exception of the studios, each of the units contains a separate dining and living room. There are approximately 67 vacant units: 30 fully renovated vacant and 37 un-renovated. Constructed in 1928 by the Rockefellers, the property is landmarked and on the National Register of Historic Places and offers prospective buyers an excellent opportunity to enter or solidify their place in New York City s Northern Manhattan submarket. Previous and renowned tenants of the Dunbar Apartments include W.E.B. Du Bois, Paul Robeson, Asa Philip Randolph, Bill Robinson and Matthew Henson. The property s historic legacy coupled with its tremendous upside fuse for an unparalleled opportunity to own 547 units in one of New York City s most untapped and up and coming neighborhoods. ROBERT M. SHAPIRO rshapiro@masseyknakal.com JOSH LIPTON jlipton@masseyknakal.com JOSHUA RUBIN Associate Director of Sales jrubin@masseyknakal.com The information contained herein has either been given to us by a reliable third party resource that is familiar with 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. JAMES YETTER Associate jyetter@masseyknakal.com

17 Address: 4720 Broadway New York, NY Buyer: Carlo DiMaggio Seller: Tamir Shadian Date: 5/30/2013 Price: $11,350,000 Price Per SF: $ Cap Rate: 4.38% GRM: Address: Olinville Portfolio Buyer: n/a Seller: n/a Date: 5/29/13 Price: $10,740,000 Price Per SF: $80.71 Cap Rate: 6.48% GRM: 7.54 Address: Louis Nine Blvd Bronx, NY Buyer: n/a Seller: n/a Date: 4/25/2013 Price: $ 1,550,000 Price Per SF: $ Cap Rate: n/a GRM: n/a Address: East 125 th Street New York, NY Buyer: Avi Dishi Seller: Eli Idi Date: 4/25/2013 Price: $3,600,000 Price Per SF n/a Cap Rate: n/a GRM: n/a Address: West 141 st New York, NY Buyer: n/a Seller: n/a Date: 5/25/2013 Price: $6,210,500 Price Per SF: $ Cap Rate: 4.33% GRM: Address: 1430 Prospect Avenue Bronx, NY Buyer: Robert Khomari Seller: Calvin Chung Date: 4/30/2013 Price: $550,000 Price Per SF: $53.00 Cap Rate: n/a GRM: n/a Address: Amsterdam Avenue New York, NY Buyer: n/a Seller: n/a Date: 4/18/2013 Price: $ 16,250,000 Price Per SF: $ Cap Rate: 0.75% GRM: Address: 939 Summit Avenue Bronx, NY Buyer: n/a Seller: n/a Date: 5/20/2013 Price: $ 600,000 Price Per SF n/a Cap Rate: n/a GRM: n/a

18 Address: 6469 Broadway Bronx, NY Buyer: n/a Seller: n/a Date: 6/27/2013 Price: $1,400,000 Price Per SF n/a Cap Rate: n/a GRM: n/a Address: Dunbar Apartments Buyer: n/a Seller: n/a Date: 6/27/2013 Price: $55,000,000 Price Per SF $ Cap Rate: 3.68% GRM: 7.97