TH STREET HOBOKEN NJ

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1 I N V E S T M E N T S A L E ASKING PRICE $ 6,600,000 RE/MAX CIA has been retained on an exclusive basis to arrange the sale of th Street, Hoboken. Immaculate trophy 11 unit building, completely renovated consisting of spacious 10-2BR & 1-1BR units with upgraded appliances, built-in wine coolers and dishwashers in each unit. Building has Green Card till 2019, new camera system, new electrical service, all units have HVAC, separate steel storage space for each unit and laundry room on ground floor. Great location off Willow Ave and 3 1/2 blocks from Washington St. The property offers investors a true turnkey asset with major upside in very desirable Hoboken. Tenants benefit from being within walking distance to many dining and retail options Close to all NYC transportation and Hoboken Path. Rare opportunity for investorto own an A+ multifamily in Hoboken, Hudson County NJ. For more information, contact exclusive brokers: ANTHONY GOMEZ Managing Principal/ Broker Owner anthony.gomez@remaxcia.com DEAN CLARK Associate deanrclark@gmail.com 7800 RIVER ROAD SUITE 5 NORTH BERGEN O :: F :: The inf orma tio n contained he rein ha s eit her been givento us by the ow ner of the property or obta in ed from so urce s that we de em re lia ble. We have no re aso n to doubt it s accuracy but we do notg uara ntee it. All zoning, buildable f ootag es and use s must be independently ve rif ied. Vacancy factors used hereina re a na rbitra ry percentage used only asanexamp le. It doe s not necessarily re late to actua lvacancy,if any. The value of this inv est ment is de pen dent uponthese est imate s and assumptionsmade above,as wellas the inv estment incom e, the tax bracke t, and other factors whichy our tax a dvisora nd/or lega l counse l should eva luate. THE PROSPE CTIVE BUYER SH OULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

2 2016 REVENUE & EXPENSE SUMMARY 2016 FINANCIALS ANNUAL INCOME Rents $340,260 Laundry $4,000 TOTAL $344,260 ANNUAL EXPENSES R/E Taxes $28,896 Insurance $8,009 Utilities Electricity $2,896 Gas $1,868 Water $2,319 Sewer $4,393 $11,476 Maintenance Super $8,730 Repairs $5,929 Supplies $3,398 $18,057 TOTAL EXPENSE $66,438 NET INCOME $277,802 The in forma ti on contained herein ha s either bee n giv en to us by the owner of the pr ope rty or obta in ed from so urce s that we deem reliable. We have no rea son to doubt it s accuracy bu t we do not guara nte e it. Al l zo ni ng, buildable footage s and usesmust be in dep end ent ly verif ied. Vaca ncy factors used herein are an ar bit rary pe rcentag e use d on ly asanexamp le. It do es not nece ssar ily relateto actual vacancy, if any. The value of this inv est ment is de pen den t upo n the se estimat es and assum ptionsma de above, aswe ll as the investment inco me, the tax bracket,and othe r factors which yourtax advisor and/or lega l counsel should evaluate. THE PROSPECTIVE BUYE R SHOULD CAREFULLY VE RIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

3 255 10TH STR EET HOBOKEN NJ PROPERTY PHOTOS The i nfor mati on co ntai ned her ei n ha s e ithe r be en g iven to u s by the ow ner of th e pr ope rty o r ob tai ned f rom so urces that we deem re lia ble. We have n o rea so n to do ubt it s accuracy but we do n ot g uara ntee it. All zon ing, bu il dab le f oota ges an d us es mu st be i nde pen dent ly v erif ie d. Vacancy facto rs u sed h ere in are an ar bit rary perce ntage u se d o nly a s an exa mpl e. It do es n ot nece ssa ri ly rel ate to actua l vacancy, if a ny. Th e v alu e of th is i nve stmen t is depe nde nt up on t hes e est imate s an d a s sum pti on s m ade ab ove,a s w el l a s th e inve stme nt i ncome, the t ax bracket, an d ot her facto rs wh ich you r tax adv is or an d/ or l egal co un sel sh oul d eva luat e. THE PROS PEC TIVE B UYER SH OULD C AR EFULLY VERIFY E AC H ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

4 INFRASTRUCTURE BUILDING DETAILS Current state inspection 02/20/ Good for five years 5 Camera remote access security system - Installed on 01/2017 Building electrical service amp/3 phase New 80 gallon commercial hot water heater Commercial quality laundry in very clean and well- lit basement - Separate 50 gallons water heater All units - HVAC (air and heat), new copper plumbing and black- pipe gas lines, 10 Marvin windows, 100 amp electrical panel All 11 HVAC condensers are on steel platform 36 off roof Hallways recently renovated and carpeted Steam boiler removed Front entrance - New marble steps, new oak treads for first floor stairs Outer and inner entrance doors refinished 06/2014 Intercom system Separate steel storage space for each unit BUILDING MEASUREMENTS Total gross building = 12,726 square feet Total common area = 3,641 square feet Backyard space = 560 square feet - 35 x 16 Property surveyed 06/20/2013 The inf ormat io n contained here in ha s eit her been givento us by the owner of the property or obta ine d from sources tha t we de em reliab le. We have no re aso n to do ubt its accuracy but we do not guarante e it. All zon ing, buildable footagesand uses must be independently verified. Vacancy factors used here in are an ar bit rary percentage used only asanexa mple. It doe s not necessarily re late toact ual vacancy, if any. Th e va lue of thisinve stme nt is dep end ent up on th ese estimatesand assumptionsmade above,as wel l as the inve stme nt inco me, the tax bracket,andot her factors which yourtaxadv isor and/or lega l counsel sh ou ld evaluate. THE PR OSPE CTIVE BUY ER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

5 GARDEN LEVEL RENTAL UNITS Approx. 700 square feet with 9 ceilings & high- efficiency Lennox HVAC One bedroom, one bath, kitchen, living room, and walk- in closet Other features: Hardwood floors - Select oak Recessed lighting Exposed brick SS GE Cafe appliances - Gas stove and dishwasher Refrigerator has filtered water and ice maker Built- in wine cooler Granite counters Cherry cabinets - Under cabinet lighting Wired for cable UNIT # 4,5,6,7,10 Approximately 865 square feet with 9 ceilings (#10 = 10 ceilings), and high- efficiency Lennox HVAC Two bedrooms (opposite ends), two marble baths, kitchen, and living room Other features: Same as above plus Closets by Design and frosted glass interior doors UNIT # 1 Same as above without wine cooler Hardwood floors - Original, refinished Louisiana pine The inf ormat io n containedher ein has either bee n give n to us by the owner of the property or obta ine d from sou rces that we deem re lia ble. We have no rea so n to do ubt its accuracy but we do not guarantee it. Al l zoning, bu ildab le footage s and uses must be independently verified. Vaca ncy fact ors used he re in are anar bitr ary pe rcentag e used only asanexamp le. It do es not nece ssa rily relate to actua lvacancy,if any. The va lue of thisinv estm ent is de pen dent upo n the se estima tes andassum ptions made above,as wel l as th e inve stm ent income, the tax bracke t, and oth er factorswh ich yourtaxadvisor and/or legal counsel should eva luat e. THE PROSPECTIVE BUYE R SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

6 UNIT # 2,3 Approximately 865 square feet with 9 ceilings Two bedrooms (opposite ends), one bath, kitchen, and living room SS GE Profile appliances and dishwasher, Hardwood floors, Recessed lighting Granite counters Baths have tub/showers with frameless ⅜ glass French doors separate bedroom from office RENTAL UNITS UNIT # 8,9 Approximately 865 square feet with 9 ceilings Original layout w/ kitchen in back One BR and one bath with tub/shower plus two other rooms (study/ bedroom) in railroad layout A/C - Heat is high efficiency Panasonic split system Hardwood floors are original, refinished Louisiana pine # 8 - Completely renovated, SS GE Profile appliances with dishwasher # 9 - Good renovation, but not gut renovated like the others, high- end bathroom For more information, contact exclusive brokers: ANTHONY GOMEZ Managing Principal/ Broker Owner anthony.gomez@remaxcia.com DEAN CLARK Associate deanrclark@gmail.com 7800 RIVER ROAD SUITE 5 NORTH BERGEN O :: F :: The in forma ti on contained herein ha s either bee n give n to us by the owner of the pr ope rty or obta ine d from so urce s that we de em re lia ble. We hav e no reason to do ubt its accuracy bu t we do not guara ntee it. Al l zo nin g, buildable footage sandusesmust be ind epe nde ntly verif ied. Vacancy factors used he rein are an arbitr ary perce ntage used only asanexamp le. It do es no t necessar ily relatetoact ual vacancy, if any. Th e va lue of thisinv estm ent is de pen dent uponthese est imat es andassumptionsma de abov e, aswe ll as the investment incom e, the tax bracket,andother factors which your tax advisor and/or lega l counsel should eva lua te. THE PR OSPE CTIVE BUYE R SHOULD CAREFULLY VE RIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.