EASTERN CONSOLIDATED VIEW FROM THE STREET NEIGHBORHOOD OVERVIEW: MANHATTAN

EASTERN CONSOLIDATED VIEW FROM THE NEIGHBORHOOD OVERVIEW: MANHATTAN NOVEMBER 2017

TABLE OF CONTENTS Overview 5 DOWNTOWN Financial District/Tribeca/Chinatown 10 SoHo/Nolita/Lower East Side 12 West Village/Greenwich Village 14 East Village 16 MIDTOWN Chelsea 20 Gramercy/Kips Bay/NoMad/Flation 22 Midtown East 24 Midtown West / Garment District 26 UPTOWN Upper East Side 30 Upper West Side 32 About Eastern Consolidated 34 2 View from the Street: November 2017 View from the Street: November 2017 3

VIEW FROM THE NEIGHBORHOOD OVERVIEW: MANHATTAN Dear Friends: Investment property sales in core Manhattan totaled $10.95 billion in 1H 2017, a 54.3 percent drop from the 1H 2016, while transaction volume fell 29.7 percent year-over-year to 284 trades. With sales totaling $2.99 billion, Midtown East accounted for the highest dollar volume in 1H 2017, followed by $1.8 billion in sales in the Financial District. The Upper East Side saw 61 transactions, more than any other neighborhood during this period, while the Garment District had the fewest trades, only three trades. An analysis of the properties sold by asset class shows office properties generated $6.25 billion of the sales in core Manhattan in 1H 2017, a 19.8 percent increase in dollar volume from 2H 2016 but a 53.3 percent decline from 1H 2016 when office sales totaled over $13 billion. The dollar volume of development/land sales also increased 19.9 percent to over $1 billion in 1H 2017 compared to 2H 2016, but saw a 42.2 percent drop from 1H 2016 when sales totaled $1.78 billion. In the first 10 months of 2017, international investors accounted for 37 percent of core Manhattan sales, down from 41 percent in all of 2016. China s investments in core Manhattan properties dropped to $2.5 billion in 2017 compared to $6 billion in all of 2016, and investments by UK firms fell to $188 million from $1.4 billion. REITs accounted for 20 percent of the investment property sales up from 2 percent in the first 10 months of 2017, but institutional investments dropped to 11 percent from 28 percent of the sales during the same period. View from the Street: November 2017 5

VIEW FROM THE NEIGHBORHOOD OVERVIEW: MANHATTAN 2017 PROPERTY SALES BY NEIGHBORHOOD BUYER COMPOSITION OF MANHATTAN CRE ASSETS 1H 2017 2H 2016 PERCENT CHANGE 1H 2016 PERCENT CHANGE NEIGHBORHOOD TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME Chelsea 17 $569,101,906 31 $1,128,678,424-45.2% -49.6% 36 $821,087,543-52.8% -30.7% Chinatown 4 $34,850,000 4 $60,650,000 0.0% -42.5% 6 $65,150,000-33.3% -46.5% East Village 15 $177,877,500 27 $318,995,206-44.4% -44.2% 23 $300,291,400-34.8% -40.8% FiDi 7 $1,845,000,000 8 $1,075,158,415-12.5% 71.6% 19 $2,480,578,290-63.2% -25.6% Garment District 3 $31,665,000 18 $828,592,512-83.3% -96.2% 14 $889,383,287-78.6% -96.4% Gramercy 6 $151,944,093 10 $95,550,000-40.0% 59.0% 11 $224,645,000-45.5% -32.4% Greenwich Village 10 $273,574,500 16 $566,890,099-37.5% -51.7% 12 $375,015,250-16.7% -27.0% Kips Bay 7 $248,350,621 5 $818,026,875 40.0% -69.6% 11 $370,187,309-36.4% -32.9% Lower East Side 16 $157,347,575 14 $192,256,445 14.3% -18.2% 11 $216,040,244 45.5% -27.2% Midtown East 22 $2,992,145,878 37 $1,308,241,197-40.5% 128.7% 34 $5,134,526,813-35.3% -41.7% Midtown West 26 $1,713,295,545 34 $4,580,116,651-23.5% -62.6% 33 $6,357,107,109-21.2% -73.0% Nolita 5 $52,240,000 6 $55,742,500-16.7% -6.3% 7 $191,950,000-28.6% -72.8% Nomad/Flatiron 12 $548,051,000 17 $1,823,324,578-29.4% -69.9% 20 $892,565,053-40.0% -38.6% Soho 9 $260,935,648 14 $255,054,998-35.7% 2.3% 21 $1,277,846,026-57.1% -79.6% Tribeca 14 $158,124,870 9 $527,615,000 55.6% -70.0% 11 $2,008,811,164 27.3% -92.1% Upper East Side 48 $732,986,520 61 $827,331,914-21.3% -11.4% 61 $1,236,337,628-21.3% -40.7% Upper West Side 42 $510,976,474 32 $871,798,119 31.3% -41.4% 49 $810,770,606-14.3% -37.0% West Village 21 $493,230,242 15 $154,106,750 40.0% 220.1% 25 $317,318,062-16.0% 55.4% 284 $10,951,697,372 358 $15,488,129,683-20.7% -29.3% 404 $23,969,610,784-29.7% -54.3% YTD 2017 (11-1-17) 2016 2015 2014 2013 CROSS-BORDER 37% 41% 46% 21% 26% INSTITUTIONAL 11% 28% 20% 25% 28% REIT/LISTED 20% 2% 10% 13% 12% PRIVATE 28% 25% 23% 38% 28% USER/OTHER 4% 3% 1% 4% 6% CROSS-BORDER ANALYSIS YTD 2017 (11-1-17) 2016 2015 2014 SOURCE VOL ($) VOL ($) VOL ($) VOL ($) China $2,512,549,999 $6,091,318,459 $4,678,406,398 $689,840,000 Singapore $1,094,000,000 $158,000,000 $164,000,000 $1,708,000,000 United Kingdom $188,000,000 $1,416,666,667 $98,833,333 $112,150,000 Saudi Arabia $0 $1,416,666,667 $0 $0 Canada $1,028,575,000 $1,301,446,720 $8,348,623,145 $1,029,042,640 Hong Kong $376,176,471 $1,228,220,000 $0 $18,846,888 Israel $180,829,985 $685,000,000 $200,475,000 $144,291,520 Qatar $0 $579,175,625 $3,114,446,872 $317,408,888 Italy $37,750,000 $88,000,000 $117,136,000 $317,408,888 Japan $477,300,000 $476,852,800 $1,277,852,578 $324,811,098 2017 PROPERTY SALES BY ASSET CLASS 1H 2017 2H 2016 PERCENT CHANGE 1H 2016 PERCENT CHANGE PROPERTY TYPE TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME TRANSACTIONS $-VOLUME 60 $677,153,710 62 $614,165,880-3.2% 10.3% 70 $649,898,966-14.3% 4.2% Development/Land 25 $1,031,632,906 31 $860,571,214-19.4% 19.9% 39 $1,785,056,783-35.9% -42.2% Garage/Industrial 2 $43,263,200 5 $111,185,602-60.0% -61.1% 5 $143,700,000-60.0% -69.9% 2 $213,000,000 16 $1,954,626,500-87.5% -89.1% 23 $1,819,226,017-91.3% -88.3% 96 $1,276,275,048 130 $3,294,104,036-26.2% -61.3% 138 $3,448,329,840-30.4% -63.0% 27 $6,251,139,070 37 $5,216,224,292-27.0% 19.8% 49 $13,375,290,470-44.9% -53.3% Condo 14 $573,293,313 35 $2,415,855,163-60.0% -76.3% 14 $695,421,246 0.0% -17.6% 52 $735,480,125 32 $554,152,395 62.5% 32.7% 53 $1,460,761,762-1.9% -49.7% 6 $150,460,000 10 $467,244,601-40.0% -67.8% 13 $591,925,700-53.8% -74.6% 284 $10,951,697,372 358 $15,488,129,683-20.7% -29.3% 404 $23,969,610,784-29.7% -54.3% MANHATTAN INVESTMENT PROPERTY SALES 2006-2017 $30,000,000,000 $25,000,000,000 $20,000,000,000 $15,000,000,000 $10,000,000,000 $5,000,000,000 $ 1H 2017 2H 2016 1H 2016 2H 2015 1H 2015 2H 2014 1H 2014 2H 2013 1H 2013 2H 2012 1H 2012 2H 2011 1H 2011 2H 2010 1H 2010 2H 2009 1H 2009 2H 2008 1H 2008 2H 2007 1H 2007 2H 2006 1H 2006 METHODOLOGY Information contained herein was obtained from numerous sources, including the NYC Department of Finance, ACRIS, CoStar, Property Shark, Real Capital Analytics, StreetEasy, Agorafy, other publicly available information, Eastern Consolidated proprietary data and other sources deemed reliable. Property sales reflect transactions $2.5 million and above. No representation is made by Eastern Consolidated as to the accuracy or completeness of the information contained herein. 6 View from the Street: November 2017 View from the Street: November 2017 7

DOWNTOWN FIDI, TRIBECA, CHINATOWN SOHO, NOLITA, LOWER EAST SIDE WEST VILLAGE, GREENWICH VILLAGE EAST VILLAGE 8 View from the Street: November 2017 View from the Street: November 2017 9

FINANCIAL DISTRICT/TRIBECA/CHINATOWN BREAKDOWN FINANCIAL DISTRICT 1 $95,000,000 52 WILLIAM ST 119,500 $795 2 $19,000,000 167 WILLIAM ST 31,097 $611 3 $15,000,000 23 PARK PL 21,825 $687 4 $1,040,000,000 60 WALL ST (1) N/A N/A 5 $652,000,000 85 BROAD ST 1,118,509 $583 6 $19,550,000 29 JOHN ST (3) 4,895 $3,994 7 $4,450,000 56 PINE ST (3) 5,273 $844 Condo TOTAL SALES $1,845,000,000 TRIBECA 8 $21,250,000 74-76 LEONARD ST 24,423 $870 9 $19,031,370 148 DUANE ST (3) 18,436 $1,032 10 $10,725,000 90 CHAMBERS ST 8,878 $1,208 11 $11,500,000 106 FRANKLIN ST 11,000 $1,045 CANAL GRAND ST 60 WALL ST $1,040,000,000 85 BROAD ST $652,000,000 ASKING RETAIL RENTS $ PER $ PER SQUARE FOOT FOOT 57-59 MURRAY ST $25,000,000 208 CANAL ST $23,550,000 12 Condo $4,600,000 46 WHITE ST 2,881 $1,597 13 $25,000,000 57-59 MURRAY ST 15,700 $1,592 14 $18,000,000 121-133 HUDSON ST (1,3) N/A N/A 15 $11,718,500 339-343 GREENWICH ST (3) 4,800 $2,441 16 $11,500,000 415 GREENWICH ST (3) 5,040 $2,282 17 $7,000,000 66 WHITE ST (3) 2,375 $2,947 18 $6,000,000 249 CHURCH ST (3) 1,600 $3,750 19 $4,500,000 42 LISPENARD ST (3) 2,085 $2,158 20 $3,800,000 8 JAY ST (3) 2,850 $1,333 21 $3,500,000 25 N MOORE ST (3) 2,135 $1,639 MOTT ST FINANCIAL DISTRICT TRIBECA CHINATOWN Broad Street $135-$150 Broadway $53-$185 Greenwich Street $100-$150 John Street $99-$160 Maiden Lane $96-$199 Nassau Street $72-$100 Wall Street $125-$450 Broadway $88-$200 Canal Street $96-$139 Chambers Street $89-$216 Church Street $148-$400 Duane Street $60-$116 Franklin Street $91-$140 Leonard Street $57-$200 Allen Street $158-$250 Bowery $149-$150 Broadway $95-$185 Canal Street $144-$467 East Broadway $107-$125 Mott Street $90-$260 TOTAL SALES $158,124,870 CHINATOWN 22 $4,250,000 77 MADISON ST 21,357 $199 STUDIO ONE-BEDROOM TWO-BEDROOM THREE-BEDROOM 23 $23,550,000 208 CANAL ST (3) 3,792 $6,210 24 $4,350,000 10 BOWERY 4,080 $1,066 25 $2,700,000 46 MOTT ST 2,714 $995 TOTAL SALES $34,850,000 FINANCIAL DISTRICT $3,094 $3,907 $5,943 $7,450 TRIBECA $3,354 $4,466 $5,837 $7,909 CHINATOWN $2,025 $2,250 $3,000 $4,625 Image Sources: Wikipedia Commons, Google Maps 10 View from the Street: November 2017 Financial District/Tribeca/Chinatown Financial District/Tribeca/Chinatown View from the Street: November 2017 11

SOHO / NOLITA / LOWER EAST SIDE BREAKDOWN SOHO 1 Development/Land $102,050,000 537 GREENWICH ST (1) N/A N/A 2 Development/Land $31,565,000 182-190 SPRING ST N/A N/A 3 Development/Land $5,400,000 301 CANAL ST N/A N/A 4 $15,750,000 558 BROOME ST 14,737 $1,069 5 $17,340,000 460 BROOME ST 12,750 $1,360 6 $11,330,648 38 GREENE ST & 42-50 GREENE ST (1) N/A N/A 7 $43,500,000 102 GREENE ST (1) N/A N/A Condo 8 $28,000,000 121 SPRING ST (3) 3,145 $8,903 9 $6,000,000 390 W BROADWAY (3) 1,550 $3,871 TOTAL SALES $260,935,648 NOLITA 12 $7,090,000 2 CENTRE MARKET PL 4,100 $1,729 537 GREENWICH ST $102,050,000 102 GREENE ST $43,500,000 121 SPRING ST $28,000,000 162-166 BOWERY $23,500,000 13 $9,500,000 223 MOTT ST 9,170 $1,036 14 $23,500,000 162-166 BOWERY 23,372 $1,005 15 $8,400,000 216 LAFAYETTE ST 4,000 $2,100 HOUSTON ASKING RETAIL RENTS $ PER SQUARE FOOT SOHO NOLITA LOWER EAST SIDE 16 $3,750,000 25 PRINCE (3) 573 $6,545 TOTAL SALES $52,240,000 Avenue Of The Americas $143-$180 Elizabeth Street $172-$275 Allen Street $79-$250 CANAL Broadway $300-$650 Mott Street $115-$400 Bowery $93-$150 LOWER EAST SIDE 17 $9,575,000 47 MONROE ST 12,165 $787 18 Development/Land $8,700,000 171 BOWERY N/A N/A 19 Development/Land $8,000,000 201 CHRYSTIE ST N/A N/A 20 Development/Land $3,800,000 148 ATTORNEY ST N/A N/A 21 $21,200,000 324 GRAND ST 23,019 $921 22 $15,500,000 153-151 LUDLOW ST 19,421 $798 23 $12,900,000 101-103 STANTON ST 12,171 $1,060 24 $9,600,000 118 RIDGE ST 10,094 $951 Broome Street $193-$259 Canal Street $80-$139 Crosby Street $323-$400 Grand Street $150-$325 Greene Street $200-$325 Hudson Street $90-$175 Lafayette Street $78-$164 Mercer Street $202-$296 Prince Street $225-$825 Spring Street $80-$1,365 Thompson Street $70-$257 Mulberry Street $140-$167 Spring Street $258-$394 Canal Street $144-$176 Chrystie Street $93-$103 Clinton Street $100-$124 Delancey Street $83-$250 East Broadway $64-$125 East Houston Street $81-$250 Essex Street $88-$128 Grand Street $120-150 Ludlow Street $110-$200 Orchard Street $60-$167 Rivington Street $70-$160 25 $5,060,000 223 MADISON ST 10,230 $495 26 Condo $4,121,000 2 ALLEN ST 3,458 $1,192 27 Condo $3,500,000 77 BOWERY 2,628 $1,332 28 Condo $3,403,575 77 BOWERY 3,230 $1,054 Varick Street $93-$150 West Broadway $75-$525 West Houston Street $104-$200 Wooster Street $69-$400 Stanton Street $60-$176 Suffolk Street $113-$142 29 $8,000,000 108 DELANCEY ST 7,526 $1,063 30 $6,988,000 32 ORCHARD ST 5,600 $1,248 31 $5,500,000 259 BOWERY (3) 2,000 $2,750 STUDIO ONE-BEDROOM TWO-BEDROOM THREE-BEDROOM 32 $31,500,000 139 E HOUSTON ST 24,800 $1,270 SOHO $2,842 $3,128 $6,900 $10,995 TOTAL SALES $157,347,575 NOLITA $2,465 $3,201 $4,266 $5,548 LOWER EAST SIDE $2,250 $2,649 $3,300 $4,278 Image Sources: Wikipedia Commons, Google Maps 12 View from the Street: November 2017 SoHo/Nolita/Lower East Side SoHo/Nolita/Lower East Side View from the Street: November 2017 13

WEST VILLAGE & GREENWICH VILLAGE BREAKDOWN WEST VILLAGE 1 $27,400,000 269 W 11 ST 8,540 $3,208 2 $19,000,000 252 W 12 ST 3,112 $6,105 3 $14,000,000 225 W 13 ST 6,927 $2,021 4 $11,300,000 34 PERRY ST 3,760 $3,005 5 $11,139,450 395 BLEECKER ST 3,040 $3,664 6 $7,400,000 19 BETHUNE ST 3,700 $2,000 7 $7,000,000 56 BANK ST 2,880 $2,431 Condo 8 $6,500,000 137 W 13 ST 2,395 $2,714 9 Garage/Industrial $29,163,200 39 CLARKSON ST 29,960 $973 10 $31,000,000 65 BANK ST 25,650 $1,209 11 $20,000,000 277-279 W 11 ST 22,686 $882 W 14TH 12 $18,000,000 63-65 PERRY ST 19,903 $904 13 $12,750,000 601 HUDSON ST 9,540 $1,336 14 $12,576,516 10 SHERIDAN SQ (1) N/A N/A 95 MORTON ST $205,961,801 34-42 WEST 14TH ST $153,000,000 56 WEST 11TH ST $37,750,000 62 BANK ST $31,000,000 15 $10,354,275 275 W 10 ST (3) N/A N/A 16 $7,500,000 9 CHARLES ST 4,884 $1,536 17 $6,260,000 46 BANK ST 7,145 $876 18 $205,961,801 95 MORTON ST 203,412 $1,013 19 $20,605,000 252 BLEECKER ST (3) 6,700 $3,075 20 $9,750,000 176 CHRISTOPHER ST 4,200 $2,321 21 $5,570,000 471 AVE OF THE AMERICAS 2,680 $2,078 TOTAL SALES $493,230,242 GREENWICH VILLAGE 22 $21,000,000 14 E 11 ST 7,400 $2,838 23 $14,000,000 186 SULLIVAN ST 3,960 $3,535 HOUSTON ASKING RETAIL RENTS $ PER SQUARE FOOT WEST VILLAGE 7th Avenue South $158-$213 Avenue Of The Americas $200-$240 Bleecker Street $172-$715 Christopher Street $128-$336 Greenwich Avenue $210-$222 Hudson Street $168-$230 West 14th Street $94-$325 West 4th Street $237-$292 GREENWICH VILLAGE Bleecker Street $150-$227 Bowery $223-$319 Broadway $195-$300 East 14th Street $105-$350 Thompson Street $118-$190 West 14th Street $135-$165 West 8th Street $148-$150 West Houston Street $104-$200 24 $10,182,500 24 E 10 ST 4,321 $2,357 25 $37,750,000 56 W 11 ST 27,184 $1,389 26 $10,250,000 54 W 9 ST 4,060 $2,525 27 $9,167,000 176 BLEECKER ST 5,050 $1,815 28 $153,000,000 34-42 W 14 ST 185,844 $823 29 $10,000,000 682 BROADWAY (3) 1,450 $6,897 30 $5,250,000 109 MACDOUGAL ST 3,902 $1,345 31 $2,975,000 496 LAGUARDIA PL (3) 1,488 $1,999 TOTAL SALES $273,574,500 STUDIO ONE-BEDROOM TWO-BEDROOM THREE-BEDROOM WEST VILLAGE $2,897 $3,700 $4,350 $6,399 GREENWICH VILLAGE $2,700 $3,749 $4,500 $9,000 Image Sources: Wikipedia Commons, Google Maps 14 View from the Street: November 2017 West Village/Greenwich Village West Village/Greenwich Village View from the Street: November 2017 15

EAST VILLAGE BREAKDOWN EAST VILLAGE 1 $6,800,000 4 E 2 ST 6,313 $1,077 2 $4,000,000 217 E 11 ST 2,640 $1,515 3 Development/Land $9,150,000 119-121 2 AVE N/A N/A 4 $57,000,000 200 E 11 ST 51,644 $1,104 5 $13,835,000 114 E 7 ST 20,225 $684 6 $12,708,000 331-333 E 5 St 14,016 $907 7 $11,900,000 246 E 7 ST 16,776 $709 Condo 8 $7,215,000 165 AVE B 5,608 $1,287 9 $5,825,000 118 1 AVE 5,080 $1,147 10 $5,292,000 429 E 6 ST 9,200 $575 11 $4,750,000 183 AVE B 3,713 $1,279 12 $3,750,000 738 E 6 ST 6,500 $577 13 $20,302,500 347 BOWERY (3) 3,088 $6,575 14 $10,800,000 310 E HOUSTON ST (3) 3,690 $2,927 200 EAST 11TH ST $57,000,000 347 BOWERY $20,302,500 15 $4,550,000 29 2 AVE 5,796 $785 TOTAL SALES $177,877,500 ASKING RETAIL RENTS $ PER SQUARE FOOT STUDIO 1-BEDROOM 2-BEDROOM 3-BEDROOM THIRD AVE E 14TH 1st Avenue $96-$156 2nd Avenue $56-$135 Avenue A $96-$175 Avenue B $81-$201 EAST VILLAGE $2,489 $2,786 $3,746 $4,880 Avenue C $60-$103 East 10th Street $111-$150 East 11th Street $105-$120 East 14th Street $105-$250 East 6th Street $69-$112 East 7th Street $157-$222 East 9th Street $100-$188 HOUSTON St Mark's Place $86-$180 Image Sources: Wikipedia Commons, Google Maps, YIMBY 16 View from the Street: November 2017 East Village East Village View from the Street: November 2017 17

MIDTOWN CHELSEA GRAMERCY, KIPS BAY, NOMAD, FLATIRON GARMENT DISTRICT MIDTOWN WEST MIDTOWN EAST 18 View from the Street: November 2017 East Village East Village View from the Street: November 2017 19

CHELSEA CHELSEA 1 $8,300,000 444 W 22 ST 5,000 $1,660 2 $8,000,000 348 W 22 ST 4,300 $1,860 3 Development/Land $320,000,000 372 9 AVE (2) N/A N/A 4 Development/Land $21,084,000 118 10 AVE (2) N/A N/A 5 Development/Land $20,000,000 459 W 19 ST N/A N/A 6 Development/Land $11,000,000 221 W 28 ST N/A N/A 7 Development/Land $9,174,156 140 W 24 ST N/A N/A 8 Development/Land $8,208,750 N/A W 24 ST N/A N/A 9 $17,700,000 145-149 W 14 ST 19,768 $895 10 $14,100,000 256 W 15 ST 13,050 $1,080 11 $7,375,000 318 W 20 ST 4,500 $1,639 BREAKDOWN Condo 12 $33,000,000 133 W 25 ST 45,000 $733 13 Condo $7,610,000 305 7 AVE 8,200 $928 14 $53,000,000 531-539 6TH AVE 18,327 $2,892 15 $17,300,000 558 W 21 ST 4,080 $4,240 16 $7,750,000 218 W 20 ST 4,988 $1,554 17 $5,500,000 170 9 AVE (2,3) N/A N/A 372 9TH AVE $320,000,000 ASKING RETAIL RENTS $ PER SQUARE FOOT 531-539 6TH AVE $53,000,000 TOTAL SALES $569,101,906 W 30TH W 34TH 6th Ave $120-$250 7th Avenue $148-$225 8th Avenue $160-$200 9th Avenue $132-$248 10th Avenue $135-$500 West 14th Street $135-$300 STUDIO 1-BEDROOM 2-BEDROOM 3-BEDROOM CHELSEA $3,077 $3,977 $5,536 $7,035 W 14TH SIXTH AVENUE West 19th Street $125-$325 West 20th Street $100-$137 West 21st Street $125-$144 West 22nd Street $71-$90 West 23rd Street $69-$250 West 24th Street $64-$79 West 25th Street $52-$115 West 27th Street $59-$120 West 29th Street $84-$105 Image Sources: Wikipedia Commons, Google Maps 20 View from the Street: November 2017 Chelsea Chelsea View from the Street: November 2017 21

GRAMCERY / KIPS BAY / NOMAD / FLATIRON BREAKDOWN GRAMERCY 1 $13,500,000 243 E 17 ST 6,422 $2,102 2 $7,000,000 204 E 20 ST 3,331 $2,101 3 $23,094,093 4 GRAMERCY PARK W 7,798 $2,962 4 $6,650,000 316 2 AVE 5,720 $1,163 5 $87,000,000 345 E 17 ST & 301-311 1 AVE 168,893 $515 6 $14,700,000 327 E 22 ST 12,226 $1,202 TOTAL SALES $151,944,093 Condo KIPS BAY 7 $5,750,000 304 E 30 ST 3,884 $1,480 8 $118,000,000 150 E 34 ST 176,575 $668 9 $52,000,000 312-316 E 30 ST 47,820 $1,087 E 34TH 220 5TH AVE $120,000,000 150 E 34TH ST $118,000,000 30-36 E 29TH ST $98,681,000 345 E 17TH ST, 301-311 1ST AVE $87,000,000 10 $7,150,000 104 E 30 ST 5,878 $1,216 11 $4,800,000 137 E 30 ST 6,895 $696 12 $52,400,621 331 PARK AVE S 45,000 $1,164 13 $8,250,000 251 E 33 ST 11,905 $693 TOTAL SALES $248,350,621 SIXTH AVENUE ASKING RETAIL RENTS $ PER SQUARE FOOT GRAMERCY KIPS BAY NOMAD/FLATION East 20th Street $130-$173 East 23rd Street $77-$576 Broadway $179-$510 East 23rd Street $194-$213 East 25th Street $92-$125 Fifth Ave $41-$375 NOMAD/FLATIRON 14 Development/Land $98,681,000 30-36 E 29 ST N/A N/A 15 Development/Land $85,000,000 71 5 AVE (2) N/A N/A 16 Development/Land $42,420,000 292 5 AVE N/A N/A 17 Garage/Industrial $14,100,000 325 5 AVE (3) 31,190 $452 18 $120,000,000 220 5 AVE (2) N/A N/A 19 $29,500,000 204 5 AVE 14,538 $2,029 20 $97,500,000 10 MADISON SQ W (3) 20,619 $4,729 E 14TH Union Square East $500-$550 East 33rd Street $56-$111 Second Avenue $71-$107 Third Avenue $53-$200 Madison Ave $80-$250 W 20th St $95-$113 W 29th St $86-$144 W 30th St $108-$170 W 31st St $150-$180 W 32nd St $360-$428 W 34th St $286-$500 Avenue Of The Americas $96-$225 Park Ave S $110-$300 21 $23,900,000 325 5 AVE (3) 5,882 $4,063 22 $13,500,000 1177 BROADWAY 4,667 $2,893 23 $12,750,000 832 6 AVE 4,988 $2,556 24 $6,050,000 45 E 28 ST 7,150 $846 25 $4,650,000 52 W 28 ST 3,780 $1,230 TOTAL SALES $548,051,000 STUDIO ONE-BEDROOM TWO-BEDROOM THREE-BEDROOM GRAMERCY $2,813 $3,569 $4,665 $7,123 KIPS BAY $2,425 $3,200 $3,650 $5,300 NOMAD/FLATIRON $3,059 $4,436 $6,987 $9,444 Image Sources: Wikipedia Commons, Google Maps 22 View from the Street: November 2017 Gramercy/Kips Bay/NoMad/Flation Gramercy/Kips Bay/NoMad/Flation View from the Street: November 2017 23

GARMENT DISTRICT & MIDTOWN WEST BREAKDOWN GARMENT DISTRICT 1 Development/Land $19,250,000 36 W 38 ST N/A N/A 2 Condo $6,215,000 246 W 38 ST 7,950 $782 3 Condo $6,200,000 131 W 35 ST 7,725 $803 TOTAL SALES $31,665,000 MIDTOWN WEST Condo 4 Development/Land $68,000,000 15 W 44 ST N/A N/A 5 Development/Land $33,450,000 501 9 AVE N/A N/A 6 Development/Land $23,000,000 439-443 W 54 ST N/A N/A 7 Development/Land $18,500,000 607 W 47 ST N/A N/A 8 Development/Land $4,700,000 424 W 52 ST N/A N/A 9 $34,000,000 351 W 54 ST 34,810 $977 10 $15,500,000 439-443 W 48 ST 24,515 $632 825 8TH AVE $686,125,000 51 W 42ND ST $370,000,000 619 W 54TH ST $166,500,000 250 W 54 ST $83,126,000 11 $15,033,060 409 W 45 ST 10,119 $1,486 12 $12,500,000 328 W 46 ST 8,830 $1,416 ASKING RETAIL RENTS $ PER SQUARE FOOT 13 $12,075,000 714 9 AVE 9,795 $1,233 14 $11,500,000 818 10 AVE 12,330 $933 15 $11,435,000 454 W 58 ST 9,931 $1,151 16 $8,250,000 854 7 AVE 11,619 $710 17 $4,840,000 406 W 39 ST 7,728 $626 18 $686,125,000 825 8 AVE (1) N/A N/A 19 $370,000,000 51 W 42 ST (2) N/A N/A 20 $166,500,000 619 W 54 ST (1) N/A N/A 21 $83,126,000 250 W 54 ST 163,000 $510 22 $50,000,000 56 W 45 ST 66,400 $753 23 $43,100,000 1200-1204 AVE OF THE AMERICAS 21,600 $1,995 24 $10,675,000 33 W 54 ST 6,800 $1,570 W 34TH FIFTH AVENUE GARMENT DISTRICT 7th Avenue $101-$499 8th Avenue $109-$257 9th Avenue $67-$195 West 34th Street $429-$1100 West 35th Street $65-$95 West 37th Street $65-$85 West 38th Street $54-$119 West 39th Street $96-$105 West 42nd Street $65-$525 MIDTOWN WEST 6th Ave $165-$700 7th Ave $240-$495 8th Ave $170-$500 9th Ave $90-$210 10th Ave $125-$182 W 42nd St $90-$625 W 43rd St $45-$90 W 46th St $88-$200 W 47th St $57-$125 W 52nd St $175-$250 25 $9,180,000 446 W 34 ST 7,920 $1,159 W 55th St $146-$333 26 Condo $2,696,485 50 W 47 ST 1,575 $1,712 W 56th St $144-$403 27 $6,100,000 448 W 36 ST 4,747 $1,285 28 $8,010,000 460 W 44 ST 9,191 $872 W 57th St $245-$385 Broadway $238-$533 29 $5,000,000 240 & 246 W 44 ST N/A N/A TOTAL SALES $1,713,295,545 STUDIO ONE-BEDROOM TWO-BEDROOM THREE-BEDROOM GARMENT DISTRICT - - - - MIDTOWN WEST $2,978 $3,603 $5,422 $7,022 Image Sources: Wikipedia Commons, Google Maps 24 View from the Street: November 2017 Garment District / Midtown West Garment District / Midtown West View from the Street: November 2017 25

MIDTOWN EAST BREAKDOWN MIDTOWN EAST 1 $7,800,000 149 E 38 ST 6,000 $1,300 2 $7,000,000 235 E 48 ST 4,800 $1,458 3 $5,000,000 213 E 48 ST 2,900 $1,724 4 $2,650,000 130 E 38 ST 1,824 $1,453 5 $7,037,500 316 LEXINGTON AVE 5,985 $1,176 6 $5,700,000 113 E 37 ST 4,460 $1,278 7 $5,500,000 346 E 51 ST 5,312 $1,035 Condo 8 $4,225,000 127 E 36 ST 4,300 $983 9 $2,210,000,000 245 PARK AVE 1,787,000 $1,237 10 $155,000,000 551 MADISON AVE 149,675 $1,036 11 $9,900,000 30 E 39 ST 9,960 $994 12 $7,500,000 141 E 45 ST 8,032 $934 13 Condo $250,867,763 237 PARK AVE (2) 471,016 $533 14 Condo $217,500,000 866 UNITED NATIONS PLZ 325,580 $668 15 Condo $24,755,490 220 E 42 ST 19,707 $1,256 16 Condo $18,256,500 866 UNITED NATIONS PLZ 20,280 $900 17 Condo $16,750,000 633 3 AVE 19,774 $847 18 Condo $6,817,500 633 3 AVE 7,575 $900 19 $15,250,000 7 E 53 ST 5,284 $2,886 20 $5,500,000 244 E 53 ST 5,235 $1,051 21 $4,636,125 959 1 AVE (3) 2,713 $1,709 22 $4,500,000 5 E 44 ST (3) 1,876 $2,399 TOTAL SALES $2,992,145,878 FIFTH AVENUE E 59TH 245 PARK AVENUE $2,210,000,000 ASKING RETAIL RENTS $ PER SQUARE FOOT 2nd Avenue $92-$300 3rd Avenue $250-$300 East 45th Street $95-$126 East 57th Street $95-$1700 East 58th Street $68-$180 Lexington Avenue $334-$450 237 PARK AVENUE $250,867,763 866 UNITED NATIONS PLAZA $217,500,000 STUDIO 1 BEDROOM 2 BEDROOM 3 BEDROOM MIDTOWN EAST $2,773 $3,678 $5,489 $7,250 Madison Avenue $276-$1250 E 34TH Park Avenue $275-$1539 Image Sources: Wikipedia Commons, Google Maps 26 View from the Street: November 2017 Midtown East Midtown East View from the Street: November 2017 27

UPTOWN UPPER EAST SIDE UPPER WEST SIDE 28 View from the Street: November 2017 Midtown East Midtown East View from the Street: November 2017 29

UPPER EAST SIDE BREAKDOWN UPPER EAST SIDE 1 $41,000,000 12 E 73 ST 10,410 $3,939 2 $33,200,000 7 E 76 ST 14,000 $2,371 3 $24,175,000 58 E 66 ST 9,600 $2,518 4 $21,000,000 117 E 83 ST 5,072 $4,140 5 $18,500,000 232 E 63 ST 5,585 $3,312 6 $18,000,000 132 E 71 ST 6,052 $2,974 7 $17,500,000 34 E 74 ST 6,200 $2,823 8 $14,000,000 124 E 64 ST 5,600 $2,500 9 $12,500,000 22 E 95 ST 6,680 $1,871 10 $11,200,000 174 E 70 ST 4,150 $2,699 11 $9,350,000 160 E 70 ST 7,590 $1,232 12 $9,148,120 14 E 82 ST 9,490 $964 13 $8,000,000 232 E 68 ST 3,456 $2,315 14 $7,220,500 167 E 62 ST 3,810 $1,895 15 $7,050,000 220 E 61 ST 4,800 $1,469 16 $7,000,000 159 E 82 ST 3,420 $2,047 17 $6,982,500 236 E 62 ST 4,283 $1,630 18 $6,500,000 20 E 95 ST 4,040 $1,609 19 $6,000,000 118 E 64 ST 3,012 $1,992 20 $6,000,000 252 E 68 ST 3,500 $1,714 21 $5,750,000 165 E 94 ST 3,300 $1,742 22 $4,495,000 558 E 87 ST 1,824 $2,464 23 Development/Land $42,000,000 310-314 E 86 ST N/A N/A 24 Development/Land $26,000,000 1297-1299 3 AVE N/A N/A 25 Development/Land $12,500,000 104 E 85 ST N/A N/A 26 $19,400,000 162-164 E 82 ST 19,666 $986 27 $16,500,000 315-317 E 74 ST 17,546 $940 28 $15,800,000 1442 LEXINGTON AVE 15,603 $1,013 29 $13,000,000 52 E 64TH ST 8,735 $1,488 30 $12,700,000 1750-1752 2 AVE 15,000 $847 31 $11,200,000 506 E 84 ST 8,071 $1,388 32 $10,750,000 423 E 82 ST 8,555 $1,257 33 $9,890,400 239 E 73 ST 5,134 $1,926 34 $9,800,000 339 E 75 ST 8,370 $1,171 35 $8,140,000 523 E 85 ST 8,375 $972 36 $8,000,000 1733 2 AVE 8,050 $994 37 $6,600,000 333 E 83 ST 8,835 $747 38 $5,850,000 240 E 74 ST 4,603 $1,271 39 $5,650,000 221 E 60 ST 6,713 $842 40 $5,075,000 146 E 89 ST 5,483 $926 41 $4,850,000 303 E 84 ST 5,846 $830 42 $79,500,000 19 E 64 ST 21,702 $3,663 43 $19,250,000 167 E 73 ST 5,572 $3,455 44 $17,000,000 261 E 78 ST 17,266 $985 45 $61,500,000 715 MADISON AVE 9,276 $6,630 Condo 19 EAST 64TH ST $79,500,000 715 MADISON AVE $61,500,000 ASKING RETAIL RENTS $ PER SQUARE FOOT 1st Avenue $70-159 2nd Avenue $65-275 3rd Avenue $68-450 East 60th Street $78-275 East 64th Street $149-255 Lexington Avenue $64-700 Madison Avenue $72-1800 Park Avenue $267-1539 York Avenue $104-248 310-314 EAST 86TH ST $42,000,000 12 EAST 73RD ST $41,000,000 STUDIO 1 BEDROOM 2 BEDROOM 3 BEDROOM UES $2,505 $3,083 $4,974 $7,782 46 $6,210,000 1318 MADISON AVE 3,581 $1,734 47 $6,000,000 1082 MADISON AVE (3) 1,693 $3,544 48 $5,250,000 201 E 77 ST (3) N/A N/A TOTAL SALES $732,986,520 Image Sources: Wikipedia Commons, Google Maps 30 View from the Street: November 2017 Upper East Side Upper East Side View from the Street: November 2017 31

UPPER WEST SIDE BREAKDOWN UPPER WEST SIDE 1 $15,800,000 3 RIVERSIDE DR 10,897 $1,450 2 $15,500,000 43 W 73 ST 6,485 $2,390 3 $14,900,000 48 W 70 ST 7,626 $1,954 4 $13,000,000 30 W 85 ST 7,856 $1,655 5 $12,235,640 311 W 90 ST 7,000 $1,748 6 $11,850,000 323 W 88 ST 9,400 $1,261 7 $11,650,000 21 W 88 ST 5,509 $2,115 8 $10,500,000 21 W 95 ST 5,560 $1,888 9 $10,000,000 55 W 90 ST 5,210 $1,919 10 $9,475,000 26 W 87 ST 6,300 $1,504 Condo 11 $6,450,000 110 W 79 ST 3,942 $1,636 12 $5,510,000 328 W 84 ST 3,401 $1,620 13 $5,400,000 354 W END AVE 4,000 $1,350 14 $5,000,000 311 W 100 ST 5,080 $984 15 $3,500,000 47 W 94 ST 3,051 $1,147 16 $51,000,000 60-68 W 107 ST 100,564 $507 17 $42,000,000 340 W 85 ST 51,520 $815 18 $41,000,000 360 CENTRAL PARK W (3) 155,975 $263 60-68 WEST 107TH ST $51,000,000 340 WEST 85TH ST $42,000,000 360 CENTRAL PARK WEST $41,000,000 19 $37,890,000 12-22 W 109 ST (1) N/A N/A 20 $23,500,000 315 W 102 ST 36,252 $648 21 $17,052,000 15 W 107 ST 31,790 $536 22 $11,700,000 14 W 86 ST 9,398 $1,245 ASKING RETAIL RENTS $ PER SQUARE FOOT STUDIO 1 BEDROOM 2 BEDROOM 3 BEDROOM 23 $10,692,000 133 W 104 ST (1) N/A N/A 24 $10,350,000 5 W 101 ST 12,805 $808 25 $10,200,000 143-145 W 74 ST 12,302 $829 26 $9,400,000 21 W 106 ST 11,390 $825 27 $9,050,000 23 W 69 ST 6,478 $1,397 Amsterdam Avenue $88-$204 Broadway $110-$400 Columbus Avenue $78-$287 West 72nd Street $112-$294 UWS $2,774 $3,546 $5,544 $7,691 28 $7,600,000 110 W 81 ST 7,330 $1,037 29 $7,595,000 961 COLUMBUS AVE 12,207 $622 30 $6,990,000 25 W 89 ST 6,275 $1,114 31 $6,900,000 250 W 71 ST 4,940 $1,397 32 $6,696,625 341 W 88 ST 6,666 $1,005 33 $6,550,000 154 W 76 ST 6,399 $1,024 34 $5,950,000 54 W 88 ST 5,782 $1,029 35 $5,700,000 123 W 75 ST 6,531 $873 36 $5,550,000 243 W 72 ST 6,173 $899 37 $5,500,000 123 W 78 ST 3,856 $1,426 38 $5,243,000 216 W 108 ST 9,433 $556 39 $4,959,209 120-125 RIVERSIDE DR (1) N/A N/A 40 $3,788,000 331 W 87 ST 4,109 $922 41 $3,100,000 136 W 88 ST 4,095 $757 42 $4,250,000 146 W 92 ST 4,536 $937 TOTAL SALES $510,976,474 Image Sources: Wikipedia Commons, Google Maps 32 View from the Street: November 2017 Upper West Side Upper West Side View from the Street: November 2017 33

EASTERN CONSOLIDATED Powered by a highly skilled team of over 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country s preeminent full-service commercial real estate firms. Through three core divisions Investment Sales, Capital Advisory, and Leasing Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. INVESTMENT SALES SERVICES Eastern s Investment Sales Division represents an impressive array of prominent real estate families, institutions, and private investors in transactions that include multifamily buildings, portfolios, retail condos, development sites, hotels, and office towers in all five boroughs. RETAIL LEASING SERVICES We offer both Landlord and Tenant Advisory Services. With decades of experience, our dynamic Leasing team negotiates more than 100 retail leases each year in buildings owned and managed by some of the city s most prominent landlords. CAPITAL ADVISORY SERVICES We offer access to unique sources of capital through our longstanding relationships with capital providers. These include regional and national commercial banks, foreign banks, agency lenders, institutional firms, insurance companies, domestic and international private equity funds, hedge funds, and high net worth individuals. Investment Sales Services Mixed-Use Properties Portfolios Buildings Condos/Co-ops Development Sites Air Rights s Parking Garage Sales/Leasing 1031 Exchange Opportunities Leasing Services Tenant Advisory Landlord Advisory National Chains International Brands Emerging Brands Restaurants Medical Fitness & Recreational Apparel Educational Capital Advisory Services Bridge Financing Construction Financing Single-Tenant Financing Permanent Financing Commercial Lending CMBS Mezzanine Financing & Preferred Equity Joint Venture Equity PROVEN MARKET EXPERTS EASTERN TRANSACTION: ONE BRYANT PARK FOR MORE INFORMATION 212-499-7700 www.easternconsolidated.com Follow us on Twitter@EasternConsol 34 View from the Street: November 2017 View from the Street: November 2017 35

INVESTMENT SALES RETAIL LEASING CAPITAL ADVISORY F. 212.499.7718 O. 212.499.7700 WWW.EASTERNCONSOLIDATED.COM 355 LEXINGTON AVENUE NEW YORK, NY 10017