OPPORTUNITY ZONE

4401-4403

UNION CITY, PRIME LOCATION | NEW CONSTRUCTION| 100% OCCUPIED

INVESTMENT HIGHLIGHTS

PROPERTY INFORMATION Asking Price: $3,490,000 DIRECT ACCESS TO NEW YORK CITY • 2 minute walk to Bergenline Ave at 45th St bus stop with 20 minute ride to Property Address 4401-4403 Bergenline Ave, Union City, NJ 07087 NYC via the Cap Rate 5.50% • 5 blocks from the Bergenline Light Rail Station which offers an approximate Pro Forma Cap Rate (1) 5.91% 35 minute ride into Block / Lot 255 / 21 STRONG DEMOGRAPHICS & OCCUPANCY Lot Size 3,060 Sq. Ft. • Union City is the most densely populated city in the United States Net Rentable Sq. Ft. 8,967 Sq. Ft. • The retail tenant has recently expanded and extended their lease until 2030 and has two other successful locations Zoning CN: Neighborhood Commercial • Strong market rents and minimal turnover due to the prime location Opportunity Zone • Within immediate walking distance to numerous national retailers including, Real Estate Taxes $65,050 McDonald’s, Rite Aid, TD Bank, multiple grocery stores and Columbia Park (1) Retail annual rent increase in June 2021 and removing vacancy/collection loss Center Mall STABILIZED CASH FLOW PRIME LOCATION • The building has a strong net operating income of $191,929 representing a • Located at the intersection of Bergenline Ave and 44th Street 5.50% cap rate at asking price • Minutes from the Holland Tunnel, Lincoln Tunnel and GW Bridge • The pro forma cap rate will be 5.91% based on retail annual rent increase in • 15 minutes to New York City June 2021 and removing vacancy/collection loss • Residents have quick access to key employment centers of Manhattan BUILDING HIGHLIGHTS • Easy access to I-495, I-95, I-78, Route 1&9 and more • New 2018 construction • Situated closely to Newark, JFK and La Guardia Airport • Tenants are responsible for all utilities • Walkable distance to restaurants, theaters and many national retailers • Elevator building with intercom system • Washer & dryers in every unit UNIT MIX BREAKDOWN

Unit Type # of Units Avg. SF Avg. Rents $ / SF 2 Bed/1 Bath 4 1,040 $2,769 $32 2 Bed/2 Bath 2 1,250 $2,550 $24 Commercial 1 2,306 $8,500 $44 Total / Averages 7 8,967 $3,525 $32 FAHRI OZTURK RICHARD GATTO DAVID FERBER, CPA First Vice President Investments Vice President Investments Associate Investments [email protected] [email protected] [email protected] 201.742.6170 201.742.6137 201.742.6129 4401-4403 BERGENLINE AVENUE, UNION CITY

Bergenline Light Rail Station

5 Min. 35 Min. average walk to average ride to Bergenline Light Midtown Manhattan Rail Station 4401 BERGENLINE AVENUE

LINCOLN TUNNEL Bergenline 45th St Bus Stop

2.5 Miles Lincoln Tunnel

4.5 Miles 2 Min. 20 Min. Holland Tunnel HOLLAND TUNNEL average walk to average ride to Bergenline 45th St Midtown Manhattan Bus Stop 8.5 Miles George Washington Bridge

TRANSPORTATION INFORMATION

3 Miles New York Penn Station

3.4 Miles 4401 BERGENLINE AVENUE Port Authority Terminal

4.1 Miles Midtown Manhattan

FAHRI OZTURK RICHARD GATTO DAVID FERBER, CPA First Vice President Investments Vice President Investments Associate Investments [email protected] [email protected] [email protected] 201.742.6170 201.742.6137 201.742.6129