$3.7 M RETAIL CONDOMINIUM AT 34 WEST 17TH STREET ASKING PRICE. Investment Opportunity Flatiron District New York. Exclusively Offered by

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1 RETAIL CONDOMINIUM AT 34 WEST 7TH STREET Investment Opportunity Flatiron District New York ASKING PRICE $3.7 M RKF Exclusively Offered by INVESTMENT SALES & ADVISORY SERVICES

2 Table of Contents Executive Summary 3 Investment Highlights 3 Tax Map 3 Property Overview 4 Floor Plans 4 Current Tenancy 5 Shape House - Los Angeles 6 Financial Overview 6 Market Overview 7 Area Retail 8 Contact 8

3 FIFTH AVENUE Executive Summary RKF Investment Sales & Advisory Services has been retained as the exclusive agent for the sale of 34 West 7th Street, a 2,325-SF retail condominium located at the base of the Paperbox Building. Recently renovated, the pre-war condomindium sits at the crossroads of the Flatiron District, Union Square and Chelsea. Investment Highlights BRAND NEW RETAIL SPACE Situated in the heart of the Flatiron District, the vented retail space sits at the base of the newly restored Paperbox Building, a pre-war condominium building. RECENT LEASE A new, seven-year lease has been signed with Shape House, a day spa concept which started with multiple locations in Los Angeles, California before expanding eastward to Madison Avenue and Westchester Counties in New York EASILY ACCESSIBLE The property is in close proximity to the fourth busiest subway station in New EAST 2ST STREET York City, 4th Street-Union Square, servicing the 4, 5, 6, N, Q, R, W and L subway lines. It is also within walking 79 distance to the F, M, L and NJ Path train on Sixth Avenue and the, 2 and 3 subway lines on Seventh Avenue WEST 2ST STREET DYNAMIC RETAIL ENVIRONMENT WEST The 20TH asset STREET is surrounded by a diverse mix of fashion, beauty, health and fitness, and home furnishing 49 offerings. 4 Well-known 74 70restaurants and 6 a 59 wide array of food options provide a rich dining 2 scene. 32 Side streets in the Flatiron 4 submarket have aptly served as host to the influx of tenants unable to find available space on Fifth or Sixth Avenues. 2 E EAST 20 ST 20TH STREET Tax Map WEST 9TH STREET EAST 9TH STREET 62 6 BROADWAY WEST 8TH STREET WEST 8TH STREET EAST 8TH STREET W 7 ST WEST 7TH STREET EAST 7TH STREET AVENUE OF THE AMERICAS WEST TH STREET WEST 6TH STREET E EAST 6 ST 6TH STREET W 5 ST WEST 5TH STREET E EAST 5 ST 5TH STREET UNION SQUARE WEST UNION SQUARE PARK UNION SQUARE EAST W 4 ST ANNUAL RIDERSHIP 6. MILLION WEST 4TH STREET EAST 4TH STREET N Q R W ANNUAL RIDERSHIP 34.3 MILLION

4 I EXIT EXIT!"#$%& '"( $%& Property Overview Asset Type Retail Condominium Zoning C6-4A Block 88 Lot 0 Ceiling Height Frontage 5 FT 20 FT Cross Streets Fifth and Sixth Avenues Vented Yes Neighborhood Ground Floor Lower Level Total Area Flatiron District,78 SF 544 SF 2,325 SF Gross Annual Rent $26,000 RE Taxes $25,0 Floor Plans GROUND FLOOR LOWER LEVEL,78 SF 544 SF REFUSE ROOM OFFICE SF DN 7R STAIR A SEE A242 AV RACK UP 7R UP FIRE HOSE CABINET BOOSTER PUMP UP 3R STAIR B SEE A24 LOBBY MAIL BOXES PR ELECTRICAL SERVICE ROOM WATER SERVICE & FIRE PUMP ROOM VESTIBULE 20 FT WEST 7TH STREET 34 WEST 7TH STREET 4

5 Tenancy SHAPE HOUSE theshapehouse.com Location Rentable Area Ground Floor and Lower Level 2,325 SF Shape House was founded in 202 by Sophie Chiche and Craig Winner, launching their flagship location in Los Angeles. With celebrities like Selena Gomez, LL Cool J and Demi Moore endorsing the "urban sweat lodge" concept, Shape House has quickly garnered notoriety in boutique health and wellness circles. Patrons of Shape House are treated to a luxurious yet laborous experience where they are tended to in a private room for sixty minutes of intense sweating. The boutique sweat lodge uses infrared radiation to support the idea that sweating is a holistic way to improve physical, emotional, mental and spiritual wellness. LEASE SUMMARY TENANT NAME Life by Me 7th Street, LLC, d/b/a Shape House LEASE TERMS Seven years LEASE COMMENCENT 2/8/207 RENT COMMENCENT //208 LEASE EXPIRATION 2/3/2024 OPTION TO RENEW None SECURITY $54,000 (three months of base rent) REIMBURSENTS Tenant pays 00% of an increase in RE Taxes over a 208/209 Base Tax year RENT ROLL EFFECTIVE DATE ANNUAL RENT MONTHLY RENT //208-2/3/208 $26,000 $8,000 //209-2/3/209 $222,480 $8,5 //2020-2/3/2020 $2,54 $9,096 //202-2/3/202 $6,0 $9,669 //2022-2/3/2022 $243,0 $20,259 //20-2/3/20 $250,3 $20,867 //2024-2/3/2024 $257,95 $2, WEST 7TH STREET 5

6 Shape House - Los Angeles Financial Overview Lease Details DESCRIPTION Annual Rent $26,000 Rent / SF $2.28 Increase / Year 3% Lease Term Free Rent Utlities Taxes Seven years Five months Paid by Tenant Tenant responsible for 00% of any increase over a 208/209 base yax year Cash Flow Year RENTAL REVENUE Shape House $26,000 EFFECTIVE GROSS REVENUE $26,000 OPERATING EXPENSES RE Taxes $25,0 CAM Expenses $5,203 TOTAL OPERATING EXPENSES $,573 NET OPERATING INCOME $75, WEST 7TH STREET 6

7 Market Overview The bustling Flatiron District and the surrounding areas provide a dynamic array of retail and restaurant options for residents, professionals and visitors. Neighboring retail tenants include lululemon athletica, SoulCycle, Drybar, Skin Laundry, Rent the Runway, Vidal Sassoon, Birdbath Bakery and Bonobos. Some of the city's most popular restaurants, such as Gramercy Tavern, ABC Kitchen, Eleven Madison Park, Upland and Shake Shack, are located in the neighborhood, as well as Eataly, a massive experiential Italian culinary bazaar. Also known as Silicon Alley, the Flatiron District is the most popular region in New York City for young companies. The past ten years have seen a massive influx of TAMI (technology, advertising, media and information) tenants to the upper floors of buildings in the Flatiron District. Proximity to the transit hub of Union Square and affluent neighborhood of Chelsea make this an attractive live-work-play area, where startups and creative businesses prefer to be based. The creative loft spaces offer a unique, convenient solution to companies like AppNexus, Yext and General Assembly call this high-density district home. 34 WEST 7TH STREET 7

8 FLATIRON - UNION SQUARE DISTRICT Area Retail 2TH STREET TO 24TH STREET / IRVING PLACE TO SEVENTH AVENUE I NEW YORK, NY MADISON SQUARE PARK Yo Sushi Schnipper's Quality Kitchen Mangia EAST RD STREET R W (ATM) CVS pharmacy EAST 22ND STREET Cote Bulletin Tile is Art Trader Joe s David Bakery Test Kitchen Obicá Merakia Via Emilia EAST 2ST STREET Of / Mercer Roki Madura Jue Lan Club EAST 20TH STREET EAST 9TH STREET Rothmans Cocoa EAST 8TH STREET WEST 8TH STREET IRVING PLACE CVS pharmacy PARK AVENUE SOUTH SIXTH AVENUE SEVENTH AVENUE Barbounia CVS Scampi pharmacy Fraiche Maxx Irvington EAST 7TH STREET (Temp) Hollywood Diner UNION SQUARE PARK EAST 5TH STREET (ATM) Fit Hub EAST 4TH STREET Ms. Mi's Hot Pot Contact Brian Segall Vice President bsegall@rkf.com WEST 3TH STREET CVS pharmacy Daryl Roth Theater IRVING PLACE EAST 6TH STREET SIXTH AVENUE SEVENTH AVENUE 34 WEST 7TH STREET N Q R W Spiderbands EAST 3TH STREET Yeshiva University WEST 2TH STREET EAST 2TH STREET GeorgeRKF Martinecz 52 Fifth Avenue, Floor 7, New York, NY 075 T F info@rkf.com Robert K. Futterman & Associates All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for Associate particular offerings imposed by Robert K. Futterman & Associates or principals, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections prepared by Robert K. Futterman & Associates with respect to future events, and these future events may or may not actually occur. Such estimates and projections reflect various assumptions concerning anticipated results. While Robert K. Futterman & Associates believes these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate. gmartinecz@rkf.com RKF INVESTMENT SALES & ADVISORY SERVICES 52 FIFTH AVENUE FLOOR 7 NEW YORK, NY info@rkf.com rkf.com 208 ROBERT K. FUTTERMAN & ASSOCIATES, LLC All information is from sources believed reliable, not independently verified, and thus subject to errors, omissions, and modifications such as price, listing, square footage, rates and commissions. All information, estimates and projections subject to change, market assumptions, unknown facts and conditions, and future potentialities. RKF makes no express or implied representations or warranties, as facts and results may vary materially from all information, estimates and projections. All renderings presented are conceptual.