2657 Webster Avenue Fordham, Ny Mixed-Use Development Site | Request for Proposal - Ground Lease Or Joint Venture 2657 Webster Avenue

Home , 161st Street (Bronx), Fordham Road, Grand Concourse (Bronx), Jerome Avenue, Tremont Avenue, Webster Avenue

EXCLUSIVE OFFERING MEMORANDUM 2657 WEBSTER AVENUE FORDHAM, NY MIXED-USE DEVELOPMENT SITE | REQUEST FOR PROPOSAL - GROUND LEASE OR JOINT VENTURE 2657 WEBSTER AVENUE

Executive Summary 3 Area map 4 Location Overview 5 Transportation Map 7 Confidentiality & Disclaimer 8

2657 WEBSTER AVENUE

CONTACTS Lev Kimyagarov Jermaine Pugh Joshua Abrams Senior Director Director Investment Sales Associate [email protected] [email protected] [email protected] 212.602.1428 646.780.4913 646.780.4957

EASTERN CONSOLIDATED | 355 LEXINGTON AVENUE | NEW YORK, NY 10017 | WWW.EASTERNCONSOLIDATED.COM EXECUTIVE SUMMARY

Eastern Consolidated, as an exclusive agent, is pleased to present an exciting development Garden Station, which is located at the intersection of Webster Avenue and Bedford Park opportunity located at 2657 Webster Avenue. The subject property is located on the north side Boulevard. Bus service is provided by the MTA and Bee-Line Bus System and is readily of Webster Avenue between East 194th Street and East 195th Street in the well-established available and timely throughout the neighborhood. This makes the commute to Midtown and Fordham neighborhood of the Bronx. The 100.5’ x 98.25’ site is zoned R7-D with a C2-4 Lower Manhattan a breeze. Additionally, many of the most trafficked and popular attractions commercial overlay, which allows for an as-of-right total buildable of ±41,471 square feet. The in the Bronx are just a short walk from the property. Points of interest include the Bronx site is positioned as a residential development opportunity, which is well suited to a property just Library center, historic Edgar Allen Poe Cottage, the New York Botanical Garden, and the steps from Fordham University, the largest “green” campus in New York City. Bronx Zoo located in scenic Bronx Park.

This development site benefits from its proximity to public transportation. The Metro-North The offering presents the unique opportunity for developers to lease this strategically located Railroad’s Harlem, New Canaan, and New Haven lines can be conveniently accessed at space or alternatively, to form a partnership with a well-established land owner of a prime Webster Avenue and Fordham Road. The Harlem line can also be accessed at the Botanical development site in the heart of the rapidly growing Fordham market of the Bronx.

Address 2651 – 2657 Webster Avenue, Bronx, NY 10458 DECATUR AVENUE

Location Located on the west side of Webster Avenue between East 194th E 195TH STREET

Street and East 195th Street E 194TH STREET Block/Lot 3277-36 Lot Size 100’ x 98.25’ Lot SF ±9,874 SF Zoning C2-4 / R7D 36 FAR 4.2 Total Buildable SF ±41,471 SF WEBSTER AVENUE RE Taxes (17/18) $68,729 Ownership Request Proposals for Ground Lease or Joint Venture

3 2657 WEBSTER AVENUE Executive Summary AREA MAP

2657 WEBSTER AVENUE

4 2657 WEBSTER AVENUE Area map LOCATION OVERVIEW: CENTRAL BRONX

HISTORY OF THE BRONX During the early-mid 1600’s European colonizers settled the land that is now known as the Bronx. Giovanni Da Verrazzano and Henry Hudson were among first explorers to venture the lands of the Native Americans. A Native American tribe known as the Wekkguasegeeck, which was a part of the Lenape’s Lenapehoking territory, occupied the land prior to its colonization. Through the course of time European colonists converted the area into mostly farmland. Originally, the Bronx area was owned by the Dutch colonizers; however the English had seized the land from them.

The Bronx was set up in a system of manors that were owned by rich landowners and was leased off to residing farmers. Because of the Bronx’s cunning location in between New England and Manhattan, development of the area was a crucial step for future relationship with other regions. The British colonial rule saw resentment towards the tolled Kings Bridge, which was built in 1693, from farmers on both sides of the bridge. Infuriated, a push was made by Jacobus Dyckman and Benjamin Palmer for a toll free bridge across the Harlem River. After the American Revolutionary war the Kings Bridge was destroyed.

Initially, the Bronx territory was a part of Westchester County, one of the ATTRACTIONS / POINTS OF INTEREST original 12 counties of the New York Province. In 1895, the area east of the Bronx River was annexed to the city, and during the same time the Bronx had THE NEW YORK BOTANICAL GARDEN joined New York’s consolidation of Brooklyn, Queens and Staten Island. This National Historic landmark features a 250-acre of flourishing landscape During the Early 1900s the Bronx took a leap from rural farmland to a of grandeur of different plants. The New York Botanical Gardens came to be more urbanized area. The emergence of rail lines allowed for more efficient on April 28 1891 on what was an estate that was previously owned by the and effective transportation that increased the population of the Bronx. Lorillard Family, particularly Pierre Lorillard. The botanist Nathaniel Lord Britton Industrialization was also a major proponent to the boom of the Bronx for with his wife Elizabeth Gertrude Britton who aspired to model the immaculate example; South Bronx was home to 63 Piano manufacturing factories and the Royal Botanic Gardens in London, have aided the garden to become was widely known as the center of piano manufacturing. After the First World a National Historic Landmark in 1967. As of the Year 2016, the New York War, the Bronx saw Rapid growth due to the construction of more rail lines and Botanical Garden has seen over 1,000,000 people annually, displaying the the growth of residential planning and development. Due to these feats waves notoriety of the breathtaking spectacle. The NYBG manages the world’s largest of immigrants flocked towards the Bronx area. plant research and conservation programs with almost 600 staff members.

5 2657 WEBSTER AVENUE Location Overview THE BRONX ZOO

Members of the Boone and Crockett Club established the New York Zoological Society, in 1895. The zoo became open to the public on November 8, 1899; primarily the zoo featured 843 Animals in 22 exhibits. The Zoo is known to feature certain animals that are relatively rare and exclusive to places outside of the United States, this was an attractive aspect of the Bronx Zoo. Just inside the Fordham Road Gate stand the Rockefeller fountain. The Rockefeller Fountain was once a famous landmark in Como, Italy, It was bought by William Rockefeller in 1902 for $637(Equivalent to $17,698 today)

ROSE HILL CAMPUS FORDHAM UNIVERSITY

Neighboring the Botanical Gardens and the Bronx Zoo, Fordham University lies on Fordham Road on the North edge of Belmont. Originally known as Saint John’s College in 1841 by an Irish Coadjutor Bishop, John Hughes founded the college. Fordham University is a Private Roman Catholic University and offers opportunities for continued education and research.

OUR LADY OF MOUNT CARMEL’S CHURCH

This Roman Catholic parish church is located 3 blocks South of Fordham University at the corner of Belmont Avenue and 627 East 187th Street. The parish was established in June 1906 after a store was reconstructed to be a chapel. Although the reception of the church was slow in the beginning within the next year it rapidly increased from 150 attendants to nearly 1,200.

SUBWAY

New York City Subway routes include the IRT Jerome Avenue Line (4 train) at 161st Street and 167th Street, and the B and D trains at 161st Street and 167th Street where both stem from downtown. The Metro-North Railroad has a commuter rail station at Melrose Webster Avenue), Bx32 (via Morris Avenue/Jerome Ave), Bx9/Bx19 (via Southern BUS Boulevard) and Bx17 (via Crotona Avenue)

There are a variety of busses available for travelers in Central Bronx. North/ East/Westbound: Bx11 (via E 170 Street/Claremont Parkway), Bx40/42 (via Southbound: Bx1/Bx2 (via Grand Concourse), Bx3 (via University Avenue), East Tremont Avenue), Bx35 (via E 167-E 169 Street), Bx36 (via East Tremont Bx15 (via Third Avenue), Bx21 (via Third Avenue/Boston Road), Bx41 (via Avenue/190th Street).

6 2657 WEBSTER AVENUE Location Overview

k a r ORCHARD Wake eld PELHAM t m BEACH Wake eld BAY A 241 St PARK WESTCHESTER B 2 A YC EASTCHESTER THE BRONX H ES T T ER S Eastchester B Nereid Av A 33 TRANSPORTATION RMAP V 2 Dyre Av O 2•5 A D 5 Riverdale W A Woodlawn 233 St Y New York City Subway 2•5 Baychester Av CO-OP

M 5 225 St 22 ST CITY O h 2 with bus and railroad connections t S r • o 2 5 H

O N - L o U r t

Van Cortlandt Park e 219 St BAYCHESTER

M Key THE • 242 St

VAN Wood lawn 2 5 Y V 1 A CORTLANDT P A I K 4 E

N W

W K CITY Thesubwa y operates 24 hours a Local service only

P Y D PARK D RIVERDALE Gun Hill Rd R Gun Hill Rd BRONX Y Williams U

A E A W O B Y ISLAND Rush hour line L S day, but not all lines operate at all

P • O 5 K RK 2 5 V W All trains stop (local I Bridge A K E A S P R P W P N

N O M A extension B H T A times.Call our Travel Information N E R H D L and express service) D VAN CORTLANDT Mosholu Pkwy E Norwood I LE E O T D P

E G L E A Center at 511 for more information S D E A

N 238 St I 4 A D R 205 St

231 ST P N C V U B L 1 A in English or Spanish (24 hours) or E V Pelham Bay Park N A

H A I D L

KINGSBRIDGE I

A N

I A N P

Y Burke Av 6 ask an agent for help in all other V W

B S S R IR

• R E N 2 5 D Accessible 231 St D R languages (6AM to 10PM). E Station Bedford Pk Blvd Bedford Pk Blvd N H W station 1 • Buhre Av O Name Lehman College B D ET Spuyten L • Free subway transfer 225 ST Allerton Av 6 D A B Duyvil o-North Marble Marble Hill 4 Pelham Pkwy ID Metr 2•5 M Free out-of-system Hill 225 St Botanical Garden 5 Bus or AIRTRAIN H N E U subway transfer O DG 1 T to airport S RI Kingsbridge Rd Middletown Rd C D B H visit www.mta.info (excluding single-ride U E Y • IN H G A Kingsbridge Rd V B D 6 D W S Police Y I D A Morris Park ticket) Pelham Pkwy O R R A N O 4 E N B R V 2657 WEBSTER AVENUE • 5 A Full time service E B M 2 5 H O R E R Fordham Rd Bus to airport T Part time service E S E J Fordham INWOOD • W E Westchester Sq Terminal 215 St S B D Fordham Rd H H P HILL PARK R I V K D BRONX Bronx Park T A C East Tremont Av W To show service more clearly, geography 1 R 4 U FORDHAM E T T AM N S Y DH O West ZOO P AmtrakO E R East L M 6 on this map has been modi ed. Commuter rail service FO C W Y UNIVERSITY HTS BR A RE W

N • Inwood 183 St E 2 5 IN T P 207 St O S E X University Tremont Farms E 207 St Y C 182–183 Sts R Zerega Av M THROGS A 1 4 D Heights D • e A W B D 180 ST S 6 N This map depicts weekday service. D t T NECK r A A o Burnside Av L R O - S A Castle Hill Av R BRIDGE R N q t E G A E 180 S W Z N On weekends and late nights, these routes change:

B o 4 R PARKCHESTER E Dyckman St 6 K Dyckman St r Tremont Av 2 • v • E R C t 2 5 E

h U Tremont 5 N G V R A • C FORT TRYON 1 southbound only B D TRE E CROSS BRON A B A MON X EXP T AV WY A PARK T A C S V Weekends Morris 176 St TREMONT H V Parkchester A A S 191 St I L R T 4 L D 6 190 St O HIGHBRIDGE Heights E 1 174–175 Sts H H A Manhasset PARK St Lawrence Av I B A C 174 St L • V R I

F B D E W L ON

N O Mt Eden Av • L 6 A H 2 5 D V

R I X-W T E T B WASHINGTON BRIDGE E T S 4 R No service- Delancey St/ Local in No se r vice- Dyre Av– R B P 181 St 181 St HIT W L R O V rush Morrison Av A ID useC D Q Essex St– Manhattan, use A NR Bowling Green A A HAMILTON BRIDGE I EST GEO. WASHINGTON A 1 N G S D 170 St hours A Soundview S E M H H Metropolitan Avvia Manhattan

BRIDGE W 170 St V SO R ON h I A D N t U A 4 6

r D • N E G a B D D Bridge Y W o Freeman St R HIGH- VI LIRR T E N

E E Elder Av W O r • - T BRIDGE 2 5 B A N o V (midnight to 6am, daily) l r S Late nights S 6 175 St A t MORRISANIA T e V M e E SOUNDVIEW A A M 167 St R Whitlock Av m 167 St

A Yankee Sta 4 • 6 42 St V B D s WASHINGTON Simpson St P

s A R R HEIGHTS 168 St • e W 2 5 r S Auburndale H O Local, 207 St– No service- Local No service- Local in Myrtle Av– No service- • • • i p A C 1 N Amtrak A C I 1 T v x S 6 E Far Rockaway. useA service useA D Q Brooklyn Metropolitan Av use7 e Little F 1 B Melrose S R e Great T St T L n I d Intervale Av V Euclid Av-Lefferts Shuttle O Neck V W 163 St–Amsterdam Av r iu D Douglaston RIVERSIDE PARK B o E N Neck • d • i Auburndale Bayside A m t R D 2 5 Hunts Point Av E Blvd Shuttle LIRR S C Yankees- • c S E H 4 e I t rush r 6 X D E153 St e i P A S Prospect Av E hours d W V St • D 5 Longwood Av D • k 5 5 B St–Gran 2 5 a Y R 157 St 5 1 e 6 1 ncours Jackson Av p 149 r 1 s o s C s • 5 u e C • o s pr • 4 THE HUB 2 5 h direction ex e C ush hour peak 2 h r L r rus E p E 149 St BroadwayLocal, via Local Whitehall St- No service- Local A 148 St– Local, Woodlawn– Dyre Av– x HUNTS D R DO U V V e 6 BL IE RIVERBANK MOTT HAVEN POINT N Financial District service 95 St useN service TimesW Sq/42 St New Lots Av E180 St FRE D 3 Av–149 St n R STATE PARK E EX G o H Harlem • ti E T P Skips Hoyt St Shuttle

LAS S R W 145 St 2 5 c St 1 O 145 ST 145 St re 4 N Y 145 St ER IC K 148 St i 1 ak d 6 Mar3 • • • M 3 pe S BLV D A B C D P 3 weekday A 138 St–Grand t O

L y’ WELL S

D C Concourse Cy s T

137 St AM O

6 S r • N press A e L 4 5 B t B v I City M r i C CLAYT O

R 4 skips rush hour 6 B 3 Av o R N

135 ST H Murray A O X ok A College LVD ( 7 t

O peak direction

135 St

A 135 St R s Q B 138 St Hill U L

D E O QUEENS 1 • L • v a E A 2 3 RIKERS

B C V v

6 B E

VILLAGE

B N E A AV ) ISLAND

R Y R

( V V

125 St L A I

T Y E D 125 ST 125 St W E

125 St M60 SBS XP D N F E I 1 G LaGuardia Link Q70 SBS CUNNINGHAM S

• • L

O E

• • • 125 St K

A B C D 2 3 M60 SB S FLUSHING PARK IL

X M60 SBS E Harlem • • H

LGA Airport 4 5 6 N M60 SBS M60 SBS HARLEM A Q47 KISSENA

116 St N V 125 St Flushing

EAST E LGA Airport ) RANDALLS PARK

Q48 D Columbia 116 ST QUEEN S E HARLEM ISLAND Main St KI IK Y Flushing SS 116 St 116 St 116 St Q72 ENA P University BL FRESH N 7 VD R B•C 2•3 ND U M60 SBS 1 6 LA MEADOWS T HOLLIS IS N LAGUARDIA NG IO LGA Airport LO U N AIRPORT Q48 T U Central Park O Cathedral Pkwy P

Cathedral A 110 St IA S M North ( 110 St)

T F Pkwy (110 St) E P S

6 H K I • C

R Mets–Willets Point T • 2 3 Q72 W

I O

B C R E S Hollis (110 St ) Q47 Y

N • R

D T 7 Q48LGA Airport M JAMAICA

D D

A A 7 2657 WEBSTER AVENUE1 A Transportation Map I

A N ESTATES V A V DITMARS BLVD D Mets–Willets Point S

M V CORONA L

V Astoria RIA B T

O ST A

R 103 St 103 St Q3 Ditmars Blvd ASTORIA 111 St

I 103 St

V M

A • • 1 E 1 B C N W 82 S •

V A 6 7 Q48LGA Airport

S R F 1 P

D 1

T I

S 1

A T FLUSHING F

so n I S

I S R

T T D M60 SBS MEADOWS O Jamaica H

K Y

E LIRR

N W

96 ST

A CORONA P D

S 96 St Astoria Blvd 8 X KEW 179 St V A V E R T 2 103 St–Corona Plaza 96 St PARK

96 St • E G 6 M60 SBSN W LaG GARDENS F St– N ive r I • • 3 I 1 2 3 • N L 7 D P 6 W B C JACKSON R HILLS HILLCREST A V LGA Airport W R a u A A S J S E 2 G ar 7 HEIGHTS H O A A acks 169 St

S N 1 u d 4 Junction Blvd 1 E S IC Y

T a 2 C B A S r i St– S a T A L V F M

R d S •

MANHATTAN T V i L LGA Airport R A A a 7 Q72 V D 86 ST T o J

O 30 Av No L i E V A B 30 A nk B H n

i C 86 St VER NON n D

L k L I 86 St R 86 St • H roa E

E rthern

E S

Hu d N W Ste Q Q7 90 St–Elmhurst Av

• • C O UPPER 7 J W L Parsons Blvd

N • X 4 5 6 0 t U L E

O B C s I 1 A UPPER E N

I dw T S 0 S V 7 J H

N EAST B C D i N

L k F R n S A T

G 7

WEST U I

W 4 D T O s A w B a SIDE M • L N d l JAMAICA T 6 Blv l M METROPOLITAN M S y L E i A a • Par

SIDE B B S 65 O • V e

y R L

B v Y

P 81 St–Museum R 7 E V k MUSEUM LV D o

H N S t d M S D d

U Sutphin Blvd

A 79 ST • O A o

79 St M S S A t R O of Natural OF ART R Amtrak • LGA Airport Tp o t R Gardens Broadway V F

K R restv n A v 72 v w

1 n o • R v o

A V History • r–Reg A W • Q A N W BROADWAY • R F A w D • M • F • F Jamaica Center V

E • dhaven Blv • R B C 77 St lmhurst• R d o 67 M 71 • F Kew E t • F E S BLVD Uni Briar LONG E • R 63 M 75 AE QUEENS T M w oo E Parsons/Archer 6 36 • R M 72 ST ISLAND e W M V Y Gran • • E 72 St A N M A E J Z R 72 St O CITY R R N v 36 E I • • R • C 1 2 3 • CENTRAL W J H K B C K S 69 Lexin t R ackson C B PARK Av/ l 21 St M R A 7 Kew A L 68 St • t S E oo V

V REGO PARK 39 R t • BLVD Jamaica D Queens- s F NS 63 Hunter College d s • seve QUEE Gardens k g seve A re 61 S Woodside M Forest 66 St 66 ST F St ton 66 ST o lan bridge N v xp W • LIRR E 6 • e R H KEW Q10 Is W n oo • l Hills 6 Ro F F io 7 • t LaG t A t Wyc Sutphin Blvd Lincoln Center 3 ST 41 AV ct LaG s GARDENS amaica ire 52 S ds Q4 v J d V Archer Av 1 k 7 u Van ea 46 u i 7 LG ard A FOREST p V rush hour t ard d A JFK Airport ROOSEVELT e D Queensboro Bl S ia L HILLS AN Lexington Av/59 St N T • • • ISLAND i ia Li A LI E J Z LIRR 7 ss A A • • t i PO 60 ST N R W T R A M W A Y Plaza 40 nk R n irport RO S G • • 33 L k JUNIPER T 59 St N W 7 S t Q E V CENTRAL PARK SOUTH 59 ST 7 ow Q 7 VALLEY M A Queen St 7 t 70 SB 0 121 St N Columbus Circle 5 Av/ QUEENSBORO BRIDGE ( SB RICHMOND 59 St Plaz ery Term PARK • • • • B 57 St-7 Av - Z rush hours, A B C D 1 • 7 57 St 59 St • • E Ra S FOREST HILL W WEST D • • • 4 5 6 Court Sq-23 St • S S Y •E A N Q R W F • • M a s w ina J other times C SIDE v N R W • • • t PARK K 53 ST Lexington Av/53 St E M E M R s o l A o L E 53 ST 111 St EF X D n FER P V S n MIDDLE TS W S L Locust B ly J BL Y U B R t VILLAGE VD T N O 5 Av/53 St 1 ) P E Manor 50 St A 51 St Court Sq H D 50 ST A D 49 St S 50 ST one Park I IN • V Oz • W • V N L southbound C E 50 St I E M

X G 7 6 A 104 St A N•R•W 7 V 11 B T A A 1 ferts Blvd L Y S Lef V 1 H 47–50 Sts C T I Z rush hours, T D northbound 2

3 42 St/Port Authority N A

A I A

Rockefeller Ctr A M LIRR

A V UNITED O A J other times V J

Bus Terminal P • • • 21 St t B D F M NATIONS 111 S • • N Middle Village AIR E Woodhaven Blvd W WOODHAVEN A C E 42 ST G OO Q10 E Metropolitan Av • DH A LINCOLN TUNNEL Hunterspoint Av R GLENDALE J Z AV TRAIN JFK G XPWY E V Times Sq-42 St ND E N A 5 Av Grand Central Vernon Blvd ISLA M BL Y 42 St Hunters Point Av LONG VD T 104 St N•Q•R•S•W•1•2•3•7 7 except 85 St–Forest Pkwy R JAVITS 42 St S Jackson Av • E Bryant Pk 7 LIRR Fresh Pond Rd V IB A CENTER exceptS • • • • • QUEENS A J L • • • Y B D F M S 4 5 6 7 Metro-North 7 M LE MIDTOWN FOR T A way Blvd EST AV R Rocka 34 St TUNNEL Long v V Y W 75 St–Elderts Ln 34 St 34 St E 34 St M A A K A • I 33 St N R NJTransitAmtrak G Island ITA MASPETH Forest Av Z rush hours, Hudson Penn Herald Sq P M A Penn 5 L H int O A A 6 P P A T • • • N o O M Yards Station B D F M R E City H R J other times

H Station N V p T RIDGEWOOD 88 St 33 St 28 St K A E

Q O • • • • • • 28 St T M UEENS A • • • T S 28 St N Q R W a 7 A C E LIRR S 1 2 3 LIRR • A A A V t Cypress Hills E R W N N V Seneca Av BR I 6 OOKLY V s N 1 GREENPOINT A CROSS B V v B S Green

E V CHELSEA R v A J M q t U O 23 ST N O 23 ST G A A A A S S t R T 23 St S lb 80 St 23 St 23 St 23 St 23 St D 23 St • 6 R B A

H E e N erson S I W • 5 f B • • on i Crescent St A

1 • i A d K 1 C E F M • 4 t 9 1 R W A 6

1 n ef AY 0 f v C V sey S Y o S t • A • W l A m J L DeKa A v J Z • W L A e r Nassau v a V –U • R S J V d BLV V v 18 St 6 • R G d A H OZONE A • Q v v r L Aqueduct Av • Q L A v se WYCKOFF AV L v PARK 8 • N A A v rimer A o an A Norwood Av D 1 L 14 St• N o Graha L g A Grant Av Racetrack L 14 St 14 ST L L 3 L 1 L N 7 ST L L Gran r Myrtle v ntr Z rush hrs, J other times

L o A 3 2 1 o Wyckoff Avs son t A A W B U M

A il T Q3 A S 14 St A H M L WI Knickerbocker Av ck S E W LSON AV • Cleveland St V i 14 St 14 St V V I L M W S C N Aqueduct K • • A O T A C E • • • V M L een S T J 1 2 3 F M Astor Pl Metropolitan Chauncey S L S 9 St EAST E 8 ST Av d y North Conduit Av B15 T U Av F ushw Euclid 7 8 St-NYU L BUSHWICK J Z er F D G Van Siclen Av G A 6 B RE B VILLAGE other r b wa • Z V • A Q10 E R Central Av n F O u A C NW ATH R•W v BUSHWICK AV s A d • L A W B IC P A o Z rush hrs, Y L H E D y t A h L a • J T HUDSON RIVER PARK EE WASHINGTON Y M h o C A R St R WILLIAMSBURG S R 5 KE V E Y g V time ou • C J other times E R wa n A V W T B ST 4 SQUARE PARK t d i E Br A I A rd Av ST T L r L Shephe TRAIN JFK a T s t Alabama Av IN 8 E s Juncti AIR NOHO ette E 4 ST o R , ITK W 4 St y EAST r rimer ush Y AY • P C S l ROADW Christopher St a B o • M M B J Z T M St f RIVER L • F J Howard Beach

her Wash Sq La G J Z Gates H p q • • • • • • eecker S – PARK KosciuszkJ J alsey Van JFK Airport A B C D E F M l M LOWER Myrtle other r Siclen Av JFK Christo 1 BLEECKER ST B ay • J J u Liberty • F v t E • s At C A S EAST SIDE G h hou Sheridan S 6 w A RID M INTERNATIONAL I • D S B • A X l Av HOUSTON ST B’ B 2 F y RG v Z time S L ant AIRPORT T U v 4 GREENWICH SB A A t East VNY EAST HOWARD BEACH H M • Z • M rs Rockawa A C t IA y weekday peak v N i New Lots Av VILLAGE • Z LL J s , c A A I • M v o A S NEW V ance W I 1 Houston St A V l J A direction express S v N • M G U C v r YORK 3 Prince St D R e TH N ST • J g N t E PA TO 1 I D Marc n I R US C • F i O HO R W Spring St N E Van Siclen Av K Hewes St T N AirTrain stops/ Spring St Essex S A S y Sutte T Myrtle Ralph A 2 S S V N v • SOHO 6 LITTLE ITALY EY lush O V 3 terminal numbers T A ST C E N C F BEDF T C G A O Willoughby Avs L PRIN GRAND ST DEL RD U L Pennsylvania Av S AV F V y G A AN

CANAL ST N 3 PE SI TUNNEL Canal St Canal St YCanal St er • Z Grand St v N C HOLLAND W ostrand OCEAN HILL- N L A E • • w J • V SY N A C E B D A A Bed Utica L A 1 W NAVY S BROWNSVILLE Livonia Av V V • • C G H BEDFORD- A Junius St AN TRIBECA D J N Q BoANAL S East t IN T YARD H IN • IA A S STUYVESANT C • • • R US G for 3 L O U C R W Z 6 Broadway L T Franklin St CHINATOWN T G F O A A R E C H RS ST N d v A B l v V U Y F asson A Rockaway Av 1 6 A York V s New Lots Av W R W DGE A B N BRI F FORT GREENE E Washin G V C Chambers St E TTA 3 E MANHA TL A L B15 JFK Airport H S R Kingsto IA Far Inwood T • Y A C M U N Chambers St S F Throo LIRR S Park Chambers St L T T O Rockaway T A v S I Saratoga Av IV T • • T FORT GREENE g C C N C L 1 2 3 City • B V E Place J Z U ton l G s G A High St PARK i A v 3 J S R H nt E Nostran E A A 5 St East 10 C BATTERY 2•3 Hall DUMBO • A o T A p n B V Far Rockaway A C Y V T R Brooklyn Bridge A n E n A A PARK CITY BR • • OOK DeKalb Av o L O R W LYN BR S v Y Nostrand Av IDGE A t Frank C v Mott Av s n SS City Hall 4•5•6 T • • Fult F o g s Crown Hts Sutter Av–Rutland Rd B Q R A World Trade G L A int C d 3 B o l • CROWN Utica Av Center C S A AY n C T lin • Beach 25 St N S v HEIGHTS 3 4 Jay St S Washin O B PATH E BROOKLYN T B A t L LV A Fulton St U E G F v HEIGHTS D Y MetroTech A D Cortlandt St Court St F W U WTC • • • T • • • O K T S D • A C J Z A C F R R I Canarsie JAMAICA E LV S R C Beach 36 St AGIRT B Cortlandt St R W R PA • • • H D A 2 3 4 5 T Lafayette Av N Kingston Av Rockaway Pkwy BAY 1 t v R A A FINANCIAL U A S A TE V R O • 3 V S WILDLIFE D DISTRICT Wall St S C A 3 L L 2 n E CANARSIE T ll Nevins St Atlantic Av–Barclays Ctr li R REFUGE E 4•5 Wall St S BROOKLYN lark a 5 EM N Beach R • • • • • • • • • • SEN N • E BRIDGE C H • 4 2 3 4 5 B Q 2 3 4 5 LIRR • 5 AV Broad A 44 St 2 3 T Park • 4 Nostrand Av T H Rector St Rector St A • 3 S PARK Frank C Y W 2 v • 3 P Channel A • FLA Pl 3 O H 1 R W A A 2 T R EAST • C W Broad St 7 Beach Hoyt BU • Q S H A S A S T D oroughH oyt H B N E StS • r I FLATBUSH V B A J Z B 60 St M Schermerhorn President St W A • t O 2 3 V NEW YORK I • • A A S T V • R A C G • 3 2 5 A D 2,3 and H H

B TRANSIT GEN ST 2 t C N

BER IRR en S y Botanic R northbound A

t y S • L F U C

g Sterling St Beach MUSEUM L

a H

O V Bowling Green 4, w 5 Garden ROSS Whitehall St rm p T J ama ica • R z C ME

• 3 • E

U m

A • 3 2 5 o A S 67 St TERA • • N Ber 2 L 4 5 CARROLL • G R Pk S BRI South Ferry T N ST 2 M UNIO d Pla F

D t T F A O • GARDENS S H nthr v B a y i B R W H D BROOKLYN RI

South Ferry A N A n G I Bergen S A W C c Av–Barclays Ct • 5 A S Y R Gran E t i io V BOTANIC L ’ 1 K PARK n Museu Prospect 2 S n d S Easterny H GARDEN • G ant U R l SLOPE BROOKLYN S E oll F Park y okl K T N

At Church o • • • 5 I v R ST 9 N ELLIS y arr r B Q S

r 2 Y HUGH G r L. CARE C NINTH ST B PROSPECT everl GATEWAY ISLAND Y TU t NN S S e EL RED F v B Beach 90 St N • 5 T

F S I s PARK H NATIONAL

• R F A O kirk A um HOOK G 9 • G 2 • Sts• W Smith T 7 S A S d m 9 • G F T w e RECREATION

e F H g Y

n r o F R t n A Ne a ly Av– A • 5 v le AREA– l S N l

4 V A s Parkside Av D 2 I 5 k JAMAICA BAY

D A Co 1 v FLATBUSH Beach 98 St V LIBERTY n • G V Q L e F A ush ISLAND PROSPECT AV • B t GOVERNORS b A S a Prospect Av V d klyn t A H ISLAND ect Par FLA C S R E R TBUS oo p y H A Flat A ID d V r S B E K Church• Q R • 5 Beach 105 St B FLATLANDS Pros R B u 2 Y A • o A P everle y a A S B l H W V Fort Hamilton Q A Rockaway Park A 25 St rte K F o Beach 116 St C St. George O Pkw R y C O U • Q kirk Plaz A•S R R F G d B N E w O T H E GREEN-WOOD un S R

H 1 D Tompkinsville Y C 5 T O Ne bo F D WEST NEW W S • Q O R A CEMETERY N h A K T B t R L BRIGHTON V E u N P Y D D E

M SNUG HARBOR Stapleton N so A N C O IS A O v Avenue V V N PORT CULTURAL CENTER T D C L A O E A A E IL • G Q AC RICHMOND N A N FLOYD H R RR M F N D ICHMOND TE SILVER A MIDWOOD J C Clifton 36 St A L P A M BENNETT LAKE D H K H V V O V MARINERS S51 W V PARK A • • A C A FIELD C T A D N R T V Y HARBOR S T E A ROCKAWAY E L R Church A OR I 39 ST E F B O N Avenue B PARK R F N W v I A CLOVE E FOX EST END LINE V O LAKES D HILLS A F B Q M Y S WESTERLEIGH N ROSEBANK v R A T PARK A 45 St I R M V A v G W A MARINE AR WAY V D H IN PRESS ERRAZ A H N E EX ANO-N R SUNSET 9 F T D GIL PA D ARR n tmas y O G PARK R CASTLETON N OWS i Avenue I H KW A BR PARK y N H M O A STATEN CORNERS LVD SL IDG to D 18 E DG Y RY B I E l M E - JACOB VICTO w F L Avenue S OR S EN D Pkw I A T N G BRI IA A E Q y V D L RIIS ST Grasmere ami Pk Coney Is. bound N GE ay I ISLAND 53 St H t NBOROUGH skips stops due B K Hw PARK

TODT R D PARK F U

COLLEGE OF 9 to construction V BULLS HILL Old Town Fort 50 S ngs A i R STATEN ISLAND HEAD A N I until 2017 K

V • Q C t

H S B M 59 St D P Z O E V V CHELSEA Dongan Hills 55 U A NEW N 1 A SEA • 6 D N R S SPRINGVILLE Avenue y N VIEW D S PARK A V T O V STATEN HOSPITAL L F M B y Hw ISLAND Jefferson Av Avenue M

MALL v v n v v F Avenue d Ba A A Grant City N to y A N t N A ngs Q R d N 8 l 8 N i A w S 0 ay S51/8 1 y L N 1 2 y K a Y 2 D B H Pk w F w Bay Ridge Av 6 N il Hami Neck SHEEPSHEAD U New Dorp a Pk Y R Q R Utrecht BAY W P d NEW w s X Fort Manhattan bound n e t Sheepshea• Q E a DORP y l ng F N S i E B Oakwood Heights Is N skips stops due w BEACH O N R Avenue LA TOURETTE 77 St D K H O S57 n U 71 X H e to construction F PARK t R S BAY RIDGE BENSONHURST R a T D T RICHMONDTOWN t until 2017 v FRESH S ARDEN S VERRAZAN H Brighton Beach V E O-NARRO L WS t KILLS HEIGHTS A W • B A S B Q RD Bay Terrace T V L Avenue U Avenue BRIGHTON T ARTHUR KIL M GREAT BRIDG D E tune A P KILLS 86 ST 79 86 ST F BEACH 86 St N p Y Great Kills PARK Av D A R Ne W S54 X7 X 8 18 y 86 St A Av D 25 Av F Ocean Pkwy K D N C D Q O Bay Ridge 20 Pkw R D R DYKER L 95 St Bay 50 St L I Eltingville BEACH Bay BREEZY K R D R PARK POINT U West 8 St H Annadale T

R NY Aquarium A S55 WOODROW • ROSSVILLE D Coney Island F Q LV B Huguenot N LA Stillwell Av Y S55 X17 X1 9 H D•F•N•Q CHARLESTON Prince's Bay CONEY ISLAND S5 6 Pleasant Plains

Nassau Richmond Valley S78 TOTTENVILLE BEACH Atlantic S78 Tottenville S78 CONFIDENTIALITY & DISCLAIMER

This Confidential Offering Memorandum has been prepared exclusively by Eastern sole discretion, to reject any and all expressions of interest or offers regarding the Consolidated (“Eastern Consolidated”) on behalf of Ownership, the (“Owners”), Property and/or terminate discussions with any entity at any time with or without regarding the purchase of the property described herein at 2657 Webster Avenue, notice. The Owners shall have no legal commitment or obligation to any entity Bronx, New York (the “Property”). The materials and information contained in this reviewing the Confidential Offering Memorandum or making an offer to purchase the Confidential Offering Memorandum do not purport to be all-inclusive or to contain all Property unless and until a written agreement for the purchase of the Property has of the information which prospective investors may need or desire. All materials have been fully executed, delivered and approved by the Owners and its legal counsel and been developed by Eastern Consolidated, the Owners and other sources and are any conditions to the Owners’ obligations thereunder have been satisfied or waived. subject to variation. Eastern Consolidated is not authorized to make any representations or agreements on behalf of the Owners. No representation is made by Eastern Consolidated or the Owners as to the accuracy or completeness of the information contained herein and nothing contained herein This Confidential Offering Memorandum and its contents, except such information is or shall be relied on as a promise or representation as to the future performance which is a matter of public record or is provided in sources available to the public (such of the Property. Although the information contained herein is believed to be correct, contents as so limited herein called the “Contents”) are of a confidential nature. By Eastern Consolidated and the Owners and their employees disclaim any responsibility accepting the Offering Memorandum, you agree (i) to hold and treat it in the strictest for inaccuracies and expect prospective purchasers to exercise independent due confidence, (ii) not to photocopy or duplicate it, (iii) not to disclose the Confidential diligence in verifying all such information. Offering Memorandum or any of its contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to Further, Eastern Consolidated, the Owners and their employees disclaim any and make a proposal and from whom you have obtained an agreement of confidentiality) all liability for representations and warranties, expressed and implied, contained without the prior written authorization of the Owners or Eastern Consolidated, (iv) not in or omitted from the Confidential Offering Memorandum or any other written or to use the Confidential Offering Memorandum or any of its contents in any fashion or oral communication transmitted or made available to the recipient. The Confidential manner detrimental to the interest of the Owners or Eastern Consolidated, and (v) to Offering Memorandum does not constitute a representation that there has been no return it to Eastern Consolidated immediately upon request of Eastern Consolidated change in the business or affairs of the Property or the Owners since the date of or the Owners. preparation of the Offering Memorandum. Analysis and verification of the information contained in the Confidential Offering Memorandum is solely the responsibility of If you have no further interest in the Property, please return the Confidential Offering the prospective purchaser. Additional information and an opportunity to inspect the Memorandum forthwith. Property will be made available upon request to interested and qualified investors. No inspections of the Property are permitted unless accompanied by the Owners or The Owners and Eastern Consolidated each expressly reserve the right, in their a representative from Eastern Consolidated.

8 2657 WEBSTER AVENUE Confidentiality & Disclaimer INVESTMENT SALES RETAIL LEASING CAPITAL ADVISORY

O. 212.499.7700 355 LEXINGTON AVENUE F.9 212.499.77182657 WEBSTER AVENUE WWW.EASTERNCONSOLIDATED.COM ConfidentialityNEW &YORK, Disclaimer NY 10017