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2 34,312 SF SRO Building 7 Stories Plus Basement, 125 Units FOR SALE Building Features Block / Lot 1182 / 49 Lot Dimensions 52 x Lot SF Building Dimensions Gross Sq. Ft. 6,543 (Approx.) 52 x 109 (Approx.) 34,312 (Per DOF) Zoning / FAR R8B / 4.0 Historic District Air Rights West End Collegiate Historic District Extension None, Overbuilt Bill. Assessment (15/16) $1,863,244 Taxes (15/16) $199,069 (Tax Class 4) Property Description & Highlights Cushman & Wakefield has been hired on an exclusive basis to arrange for the sale of 342 West 71 st Street, a 52' wide, 7 story elevator building containing 125 Single Room Occupancy units (plus a super's unit) in the heart of the Upper West Side. The property lies on a quaint cul-de-sac, just east of the new community of luxury residences that have been constructed along Riverside Boulevard in recent years, and only a half block from Riverside Park. The building is built approximately 109' deep on the lot and features large floor plates, tall ceilings throughout, a full basement and windows facing every direction. The units consist of 83 SRO s that are in legacy condition, 42 renovated SRO s of which 28 are vacant, and a Super s apartment (the 126 th unit). The average monthly rent per apartment is presently $592, or $29 per net rentable square foot. The recent market-wide trend towards condominium conversions and the development of larger family style apartments has resulted in a significant lack of efficient, smaller, and furnished rental units in the marketplace. This supply imbalance creates a value-add opportunity for buildings that have the ability to fill the void. 342 West 71st Street represents an exciting opportunity for an investor to acquire and manage a property that possesses substantial long term upside potential at a discount to prevailing market pricing. Tax Map Asking Price: $16,250,000 For More Information, Please Contact: Hall Oster Senior Director (212) x7723 hall.oster@cushwake.com Paul Smadbeck Executive Director (212) x7760 paul.smadbeck@cushwake.com Teddy Galligan Senior Associate (212) x5137 teddy.galligan@cushwake.com Rob Stufano Senior Associate (212) x7706 rob.stufano@cushwake.com Cushman & Wakefield 275 Madison Avenue, 3 rd Floor New York, NY 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 Revenue Gross Monthly Revenue $73,046 Gross Annual Residential Revenue $876,552 Less Vacancy & Credit Loss 3% ($26,297) Effective Gross Annual Revenue $850,255 Expenses R. E. Taxes (15/16): Actual $199,069 Water & Sewer: $1.00 PSF $34,312 Electric: $1.00 PSF $34,312 Fuel*: $1.50 $51,468 Insurance: Actual $34,312 Repairs and Maintenance: $100 Per Unit $12,500 Miscellaneous: Projected $10,000 Elevator Maintenance Contract: $5,000 Per Year $5,000 Payroll: Projected $50,000 Management: 4% / EGR $34,010 Total Annual Expenses: $464,983 Effective Gross Annual Revenue: $850,255 Less Expenses: $464,983 Net Operating Income: $385,242 *New boiler in process of being installed Unit Breakdown SRO Reno SRO Vacant Projected $1, $1, $ $ $ $ $0.00 Average Rent By Unit Type SRO Reno SRO Vacant Projected

4 Rent Roll UNIT # FLOOR STATUS RENT A2 1 SRO $ A4 1 MK SRO $1, A5 1 Vacant Projected $1, A6 1 SRO $ A7 1 SRO $ A8 1 SRO $ B1 1 Vacant Projected $1, B3 1 SRO $ B4 1 MK SRO $1, B5 1 Vacant Projected $1, B6 1 SRO $ B7 1 SRO $ B8 1 SRO $ A1 2 Vacant Projected $1, A2 2 SRO $0.00 A2A 2 SRO $0.00 A3 2 SRO $ A4 2 Vacant Projected $1, A5 2 Vacant Projected $1, A6 2 SRO $1.00 A7 2 SRO $ A8 2 SRO $ B1 2 SRO $ B2 2 MK SRO $1, B2A 2 SRO $ B3 2 SRO $ B4 2 SRO $ B5 2 Vacant Projected $1, B6 2 SRO $411.66

5 Rent Roll Cont d UNIT # FLOOR STATUS RENT B7 2 Vacant Projected $1, B8 2 SRO $ B9 2 Vacant Projected $1, A1 3 SRO $ A2 3 Vacant Projected $1, A2A 3 SRO $ A3 3 SRO $ A4 3 Vacant Projected $1, A5 3 SRO $ A6 3 Vacant Projected $1, A7 3 SRO $ A8 3 SRO $ B1 3 SRO $62.48 B2 3 SRO $ B3 3 Vacant Projected $1, B4 3 Vacant Projected $1, B5 3 SRO $0.00 B6 3 SRO $ B7 3 SRO $ B8 3 SRO $ B9 3 SRO $ A1 4 SRO $ A2 4 SRO $0.00 A2A 4 SRO $0.00 A3 4 SRO $ A4 4 MK SRO $1, A5 4 Vacant Projected $1, A6 4 SRO $ A7 4 SRO $ A8 4 SRO $ B1 4 MK SRO $1,050.00

6 Rent Roll Cont d UNIT # FLOOR STATUS RENT B2 4 SRO $ B3 4 SRO $ B4 4 SRO $ B5 4 Vacant Projected $1, B6 4 SRO $ B7 4 SRO $ B8 4 Vacant Projected $1, B9 4 MK SRO $1, A1 5 SRO $ A2 5 SRO $ A2A 5 MK SRO $1, A3 5 MK SRO $1, A3A 5 Vacant Projected $1, A4 5 Vacant Projected $1, A5 5 SRO $ A6 5 SRO $ A7 5 SRO $ A8 5 SRO $86.66 B1 5 SRO $ B2 5 SRO $ B3 5 SRO $ B4 5 Vacant Projected $1, B5 5 Vacant Projected $1, B6 5 SRO $ B7 5 SRO $ B8 5 Vacant Projected $1, B9 5 SRO $ A1 6 SRO $ A2 6 Vacant Projected $1, A2A 6 Vacant Projected $1, A3 6 SRO $ A3A 6 MK SRO $1,300.00

7 Rent Roll Cont d UNIT # FLOOR STATUS RENT A4 6 SRO $ A5 6 MK SRO $1, A6 6 SRO $ A7 6 SRO $50.00 A8 6 SRO $ B1 6 SRO $ B2 6 SRO $ B3 6 SRO $ B4 6 MK SRO $1, B5 6 MK SRO $1, B6 6 Vacant Projected $1, B7 6 SRO $ B8 6 SRO $ B9 6 SRO $ A1 7 SRO $ A2 7 SRO $ A2A 7 Vacant Projected $1, A3 7 MK SRO $1, A3A 7 SRO $ A4 7 MK SRO $1, A5 7 Vacant Projected $1, A6 7 SRO $ A7 7 SRO $ A8 7 SRO $ B1 7 SRO $ B2 7 SRO $ B3 7 SRO $ B4 7 SRO $ B5 7 Vacant Projected $1, B6 7 SRO $0.00 B7 7 SRO $ B8 7 SRO $ B9 7 SRO $ MONTHLY $73,046 ANNUAL $876,552

8 Broker Contact information Hall Oster Senior Director (212) x7723 Paul Smadbeck Executive Director (212) x7760 Teddy Galligan Senior Associate (212) x5137 Robert Stufano Senior Associate (212) x7706 Bryan Smadbeck Associate (212) x5169 For Information Regarding Possible Financing Please Contact Justin Boruchov Director Capital Services (212) x7728