COMMUNITY BOARD PRESENTATION February 26, 2018

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DEVELOPMENT TEAM: PROPERTY OWNER: DEVELOPER : FUTURE CO-OWNER: ARCHITECT: CONTRACTOR: ATTORNEY: SERVICE PROVIDER: PROPERTY MANAGER: BAPTIST CHURCH OF THE REEDEMER MHANY MANAGEMENT INC. MHANY CORTELYOU HDFC ESKW ARCHITECTS LLC MEGA CONSTRUCTION HIRSCHEN, SINGER, EPSTEIN LLC TURNING POINT/BROOKLYN COMMUNITY SERVICES MHANY MANAGEMENT INC. Baptist Church of the Redeemer has joined with MHANY Management Inc. ( MHANY ) to demolish existing church structure and undertake the development of a new church facility and 76 unit affordable residential apartments. MHANY will own the residential portion of the project through a condominium organizational structure and MHANY will manage the senior and family affordable units. MHANY directs all aspects of project management throughout predevelopment, development, marketing, lease-up and is the designated property manager once the property is occupied. Baptist Church of the Redeemer will own the Church facility upon construction completion. Turning Point Brooklyn (TPBK) and Brooklyn Bureau of Community Services (BCS) will provide comprehensive services to the individuals and families at 1921 Cortelyou. In particular, TPBK will focus its experience and wide array of programs and support to the 46 formerly homeless young women between the ages of 18-25. FEATURES: AMENITIES: Residential front entry desk with 24-hour service program space on the ground floor for building residents direct access from street to community room for community programming and use counseling and office space on the ground floor administrative offices COMMUNITY BOARD PRESENTATION February 26, 2018 1921 Cortelyou Road, Brooklyn, NY

EXISTING BUILDING 1921 Cortelyou Road, Brooklyn, NY 2

CHURCH CHURCH ENTRY OCEAN AVENUE BULK- HEAD CHURCH ENTRY HOUSING ENTRANCE N CORTELYOU ROAD SITE PLAN 1921 Cortelyou Road, Brooklyn, NY 3

CORTELYOU RD AND OCEAN AVE 1921 Cortelyou Road, Brooklyn, NY 4

CHANGING ROOM SANCTUARY NARTHEX CHURCH ENTRY (PRIMARY-SUNDAY) OFFICE LOBBY REV. OFFICE OFFICE OFFICE OFFICE MULTI- PURPOSE ROOM PANTRY COMMON ROOM LOBBY CHURCH ENTRY (SECONDARY- WEEK DAY) RESIDENTIAL ENTRY (PRIMARY) FIRST FLOOR 1921 Cortelyou Road, Brooklyn, NY 5

DINING ROOM LOBBY J.C. CLASSROOM CLASS- ROOM SHOWERS ST. OFFICES SERVICE CORRIDOR MECHANICAL SPACE BIKE STORAGE CELLAR 1921 Cortelyou Road, Brooklyn, NY 6

CHURCH ROOF 0 BED 0 BED 0 BED 0 BED 0 BED 1 BED 2 BED 0 BED 2 BED 1 BED 0 BED 2ND- 5TH FLOORS (typical housing/church roof) 1921 Cortelyou Road, Brooklyn, NY 7

0 BED 0 BED 0 BED 0 BED 1 BED TERRACE AT 6 TH FLOOR 2 BED 2 BED 1 BED 0 BED 6th-7th FLOORS 1921 Cortelyou Road, Brooklyn, NY 8

0 BED 0 BED 0 BED 0 BED 1 BED LAUNDRY 1 BED ROOF TERRACE 0 BED 8th FLOOR 1921 Cortelyou Road, Brooklyn, NY 9

0 BED 0 BED 0 BED 0 BED 1 BED 1 BED 0 BED 9th FLOOR 1921 Cortelyou Road, Brooklyn, NY 10

RESIDENTIAL ENTRANCE 1921 Cortelyou Road, Brooklyn, NY 11

CHURCH ENTRANCE 1921 Cortelyou Road, Brooklyn, NY 12

CHURCH MODEL PHOTOS 1921 Cortelyou Road, Brooklyn, NY 13

UNIT BREAKDOWNS 1921 Cortelyou Road, Brooklyn, NY 14

TASK DUE DATE December-17 January-18 February-18 March-18 April-18 May-18 June-18 7 14 21 28 7 14 21 28 7 14 21 28 7 14 21 28 7 14 21 28 7 14 21 28 7 14 21 28 July-18 7 14 21 28 August-18 September-18 7 14 21 28 7 14 21 28 October-18 7 14 21 28 6 MONTHS 6 MONTHS 6 MONTHS NOV-20 Predevelopment activities 2017 Financing awarded DEC 2017 Church relocation JAN 2018 AG approval 2/1/2018 Environmental and Landmark approvals 2/1/2018 Church relics to storage FEB 2018 Department of Buildings Approval FEB 2018 ` Preconstruction activity FEB 2018 Demolition Permit MAR 2018 Construction Closing 4/1/2018 Construction period (including demo) 4/7/2018-4/7/2020 Condo drawings and filing 5/6/2018 Marketing and lease up apartments 10/1/2019-11/1/2020 Temporary Certificate of Occupancy (TCO) 3/31/2020 PROJECT TIMELINE 1921 Cortelyou Road, Brooklyn, NY 15