Taxes: $13,820. For more information, please contact: Michael F. DeCheser x7772. Darragh Clarke x7737
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2 80 Forysth Street is a three story vacant building with a lower level located on the east side of Forsyth Street, between Grand and Hester Streets. Built in 1874, the 7,055 square foot building was initially used as a synagogue but was later converted to a townhouse that was occupied by Pat Passlof, a painter, who was married to the late Milton Resnick. Both Passlof and Resnick were well known Abstract Expressionist painters. The majority of the building benefits from double height ceilings and is currently configured with one unit on the lower level & ground floor, one unit on the second floor, and one unit on the third floor. The lot could also be developed into either a fully commercial or a mixed use development of up to approximately 15,180 buildable square feet. In addition to the historical integrity of the building being maintained incredibly well, there are many unique features including pointed-arch windows, a fireplace, multiple skylights and more. Block & Lot: 306 / 10 Lot Dimensions: 25 x 100 Building Dimensions: 25 x 98 Zoning: C6-1G Taxes: $13,820 Square Footage Breakdown Lower Level: 25 x 65-1,625sf Ground Floor: 25 x 98-1,694sf 2nd Floor: 25 x 94-2,350sf 3rd Floor: 25 x 55-1,386sf (Irregular) (Irregular) $6,250,000 Bid Deadline - Thursday May 16th, :00pm For more information, please contact: Michael F. DeCheser x7772 Darragh Clarke x7737 Mei Ling Wong x7716 mdecheser@masseyknakal.com dclarke@masseyknakal.com mwong@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.
3 New York, NY SEALED BID OFFER FORM Bids must arrive at MKRS in a sealed envelope by: Thursday May 16, 2013 at 5:00pm 275 Madison Avenue, 3rd Floor, New York, NY ) Purchaser: Principal: Company: Address: Phone: Fax / / 2.) Offer Price: 3.) Terms: All Cash (The seller will not provide financing) 4.) Contract Deposit: % (The seller is looking for at least a 10% deposit, however, a larger deposit would be viewed favorably.) 5.) Closing Period: Days or by (Date):_ (A shorter closing period would be viewed favorably) Do you agree to the closing date being time of the essence? Yes No If no, please explain: 1
4 6.) Contingencies: None - The seller will not allow for contingencies of any kind including but not limited to financing contingencies or due diligence periods post contract execution. All due diligence must be completed prior to contract execution. Do you agree to this? Yes No If no, please explain: 7.) Description of due diligence completed to date: 8.) Description of any remaining due diligence required (to be completed prior to contract execution). Please feel free to include an attached list: 9.) Participants: Please list all Partners and/or Principals (if a company, please list individual Principals and company name) who will be participating in the acquisition entity. 2
5 10.) Debt: How much financing do you anticipate obtaining for this acquisition? 11.) Who will be legally representing you on this transaction? Lawyer: Firm: Address: Phone: Fax: SEALED BID OFFER FORM Bids must arrive at MKRS in a sealed envelope by: Thursday May 16, 2013 at 5:00pm 275 Madison Avenue, 3rd Floor, New York, NY Thank you, Michael DeCheser Darragh Clarke Mei Ling Wong First Vice President of Sales Associate Director of Sales Associate x x x7716 mdecheser@masseyknakal.com dclarke@masseyknakal.com mwong@masseyknakal.com 3
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