8610 Flatlands Avenue, Brooklyn, NY 11236

❑ Corner Property ❑ 130’ x 90’ ❑ Lot Sq Footage 11,700 SF ❑ NNN Lease in the Heart of Canarsie, Brooklyn ❑ Car Wash paying $100,000 annually ❑ 5.13% Cap Rate

ASKING PRICE: $ 1,950,000 Confidentiality Disclaimer

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Asset CRG Advisors, LLC (“AssetCRG”) and should not be made available to any other person or entity without the written consent of AssetCRG. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. AssetCRG has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, AssetCRG has not verified, and will not verify, any of the information contained herein, nor has AssetCRG conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

8610 Flatlands Avenue Presented by Asset CRG Advisors, LLC Brooklyn, NY 11236 A Full Service Commercial Real Estate Company Investment Highlights

Asset CRG Advisors, LLC has been exclusively retained to market 8610 Flatlands Avenue, Brooklyn, NY 11236, a fully leased car wash in the Canarsie neighborhood of Brooklyn.

The site sits on a 11,700 SF lot with 3,552 SF of building SF in total. The current tenant, a car wash, is on a NNN lease paying $100,000 annually. The lease commenced in August 2011. The tenant has 6 years left on the lease Site with a 5-year option. There are 3% annual escalations. The current cap rate is 5.13%.

The property is located on Flatlands Avenue, between E 86th Street & E 87th Street.

The property is well positioned with great access to public transportation, located near the [L] Train Station at E 105th Street . Property is also located near [B6, B82] Bus Stations.

Ownership has set the asking price at $1,950,000.

8610 Flatlands Avenue Presented by Asset CRG Advisors, LLC Brooklyn, NY 11236 A Full Service Commercial Real Estate Company Property Overview

8610 Flatlands Avenue Address Brooklyn, NY 11236

Block/Lot 8023/39 Neighborhood Canarsie Cross Streets E 86th Street & E 87th Street Asset Type Retail / Development Number of Units 1 Lot Size 130’ x 90’ Lot SF 11,700 SF Building Size 63’ x 30’ Building SF 3,552 SF Number of Stories 1 Zoning R5D, C2-3 FAR (As Built) 2 (0.30) Buildable 23,400 SF Built 1940 Taxes (20) $27,530 Assessment $301,950

8610 Flatlands Avenue Presented by Asset CRG Advisors, LLC Brooklyn, NY 11236 A Full Service Commercial Real Estate Company Map

8610 Flatlands Avenue Presented by Asset CRG Advisors, LLC Brooklyn, NY 11236 A Full Service Commercial Real Estate Company 8610 Flatlands Avenue, Brooklyn, NY 11236

❑ Corner Property ❑ NNN Lease in the Heart of Canarsie, Brooklyn ❑ Lot Sq Footage 11,700 SF ❑ Car Wash paying $100,000 annually PLEASE CONTACT EXCLUSIVE ADVISOR: ❑ 5.13% Cap Rate

ASKING PRICE: Yuriy Ustoyev $ 1,950,000 Licensed Real Estate Broker [email protected] Direct: 718.838.4842