534 East 14 th Street East Village, New York, NY

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1 PRIME MIXED-USE BUILDING 7,644 SF 25 x 60 w/ Plans for Full Ground Floor Extension FOR SALE PROPERTY INFORMATION Address 534 East 14th Street New York, NY Location South side of E 14th St bet. Avenue A and Avenue B. Block & Lot 407 / 25 Lot Size 25' x ' approx. Lot SF 2,581 approx. Zoning C1-6A FAR 4.00 Buildable SF 10,324 approx. Available Air Rights 2,680 approx. BUILDING INFORMATION Building Size 25' x 60' approx. Ground Floor 25' x ' proposed ext. approx. Upper Floor 25' x 60' approx. Stories 5 Current Building SF 7,644 approx. Proposed Building SF 8,581 proposed ext. approx. Residential Units 16 Commercial Units 2 Total Units 18 TAX INFORMATION Assessment ('17/'18) $968,610 R.E. Taxes ('17/'18) $124,873 Existing Building Footprint Senior Managing PROPERTY DESCRIPTION Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 534 East 14 th Street, a mixed-use building in the East Village neighborhood of New York City. The subject property is located on the south side of East 14 th Street between Avenue A and Avenue B. Right next door to Extell s 500 East 14th Street site, with Target and Trader Joe s as future neighbors. The building consists of 16 studio apartments, 2 of which were combined, over 2 ground level retail units. Plans exist to fully extend the ground floor retail units, which would double your commercial income. The L train is located a block away at 1 st Avenue and the crosstown M14 Bus runs along 14 th Street. Take advantage of this opportunity to own a cash flowing investment property in one of New York s most rapidly appreciating neighborhoods. REDUCED ASKING PRICE $8,950,000 $9,500,000

2 Senior Managing

3 REVENUE Unit Type BR / Tenant Net SF Lease Exp. $ / SF Rent / Mo. Annual Rent (1)(3) Comm. 1 Retail Vacant $129 $7,500 $90,000 (1) Comm. 2 Retail Vacant $129 $7,500 $90,000 (1) Apt. 1/4 FM 2 BR 638 Vacant $75 $4,000 $48,000 Apt. 2 RS Studio 319 5/31/18 $79 $2,100 $25,200 Apt. 3 FM Studio 319 4/30/18 $92 $2,450 $29,400 Apt. 5 FM Studio 319 5/31/18 $92 $2,450 $29,400 Apt. 6 FM Studio 319 5/31/18 $87 $2,300 $27,600 Apt. 7 RS Studio 319 2/28/19 $40 $1,057 $12,680 Apt. 8 FM Studio 319 5/31/18 $88 $2,350 $28,200 (1) Apt. 9 RS Studio 319 Vacant $92 $2,450 $29,400 Apt. 10 RS Studio 319 9/30/18 $78 $2,062 $24,750 (1) Apt. 11 RS Studio 319 Vacant $92 $2,450 $29,400 Apt. 12 FM Studio 319 3/31/18 $94 $2,500 $30,000 Apt. 13 FM Studio /31/18 $90 $2,400 $28,800 Apt. 14 FM Studio /31/18 $90 $2,400 $28,800 Apt. 15 FM Studio 319 6/30/18 $92 $2,450 $29,400 Apt. 16 FM Studio 319 5/31/18 $92 $2,450 $29,400 (2) Antenna /30/19 -- $795 $9,540 TOTAL 6,502 $95 $51,664 $619,970 (1) Representing vacant units, rents are projected (2) Annual increases at 2%, lease also includes two additional (5) year terms to follow (3) Currently occupied by month-month Cleaners business - $5,000/month ESTIMATED EXPENSES C & W Metrics Real Estate Taxes (17/18) DOF Tax Bill $124,873 Insurance $400 /Unit $6,400 Water & Sewer $1.25 /GSF $9,555 Heating Fuel $1.60 /GSF $12,230 Electric (Common) $0.25 /GSF $1,911 Repairs & Maintenance $500 /Unit $8,000 Superintendent $250 /Month $3,000 Management 3.0% of EGI $18,041 TOTAL Exp. Ratio: 29.6% $184,011 L N Q R W L 534 East 14 th Street Gross Annual Income $619,970 Vacancy & Credit 3% $18,599 Effective Gross Income $601,371 Less Total Expenses $184,011 Projected Net Operating Income (with Projections) $417,360 L N R W 6 REDUCED ASKING PRICE $8,950,000 $9,500,000 New Subway Entrance Under Construction Opening 2020 Senior Managing

4 ASKING PRICE $9,500,000 Senior Managing

5 PROPOSED PLANS EXISTING GROUND FLOOR FULL GROUND FLOOR EXTENSION COMMERCIAL REVENUE (with Real Build Out) Unit Type Net SF $ / SF Rent / Mo. Annual Rent *Comm. 1 Retail 973 $125 $10,135 $121,625 *Comm. 2 Retail 973 $125 $10,135 $121,625 TOTAL 1,946 $125 $20,271 $243,250 BUILDING REVENUE Type Net SF $ / SF Rent / Mo. Annual Rent *Commercial 1,946 $125 $20,271 $243,250 Residential 5,104 $86 $36,664 $439,970 TOTAL 7,050 $97 $56,935 $683,220 *Pro-Forma rents based on proposed extension REDUCED ASKING PRICE $8,950,000 $9,500,000 Gross Annual Income $683,220 Vacancy & Credit 3% $20,497 Effective Gross Income $662,723 Less Total Expenses $184,011 Projected Net Operating Income (with Projections) $478,712 Senior Managing

6 ASKING PRICE $9,500,000 Senior Managing