Investment Opportunity

CONCEPTUAL RENDERING

RKF Investment Sales and Advisory Services has been retained as the exclusive agent for the sale of the retail condominium at 152 Elizabeth Street in NoLita. Issey Miyake has signed a 10-year lease for the newly developed 2,224-SF retail space, which is located at the base of a luxury residential condominium development by Sumaida + Khurana and designed by Pritzker Prize-winning Japanese architect, Tadao Ando. The seven-story building with its ultra-luxury and minimalist aesthetic is composed of seven residential units and one retail unit. It is the first-ever New York project designed by Ando and his first residential project outside of Asia.

Exclusively Offered by

RKF INVESTMENT SALES & ADVISORY SERVICES Investment Highlights Contacts 8 10 9 34 8 2 6 39 152 Elizabeth40 Street is7 a 2,224-SF7502 retail condominium at the base of a new luxury residential Brian Segall 41 6 25 7501 condomiumium in trendy and fashion-forward NoLita.STANTON The STREET asset is located on the southeast 212.351.9346 42 4 40 24 26 1 43 41 17 1819 21 1 3 22 23 corner of Kenmare Street and is 42Tadao Ando's first16 New York20 21project. A 27new, 10-year lease [email protected] 44 2 23 15 28 has been signed with high-end international43 retailer, Issey Miyake. 53 52 51 49 4746 1 7501 49 12 29 George Martinecz 7504 7503 47 Sara D 25 Situated in Lower Manhattan's trendiest48 neighborhood, 152 Elizabeth Street presents a 31 Roosevelt 212.916.3381 PRINCE STREET 10 rare opportunity to acquire a newly developed, superior retail asset. 33 Park [email protected] 7502 9 34 14 8 22 n 15 16 7501 7501 n 35 1 15 7503 13 14World-renowned17 Architect 20 Transformative Lease 22 5 12 43 37 n New Construction n Cash-Flowing Condominium 26 23 4 12 10 21 10 28 23 n 111 n 3 47 46 44 38 11High Visibility Accessible Location 29 9 24 25 2 10 8 30 8 25 7501 9 27 31 7 26 28 30 7 RIVINGTON STREET 32 6 27 29 5 28 5 16 1401 750326 21 23 4 29 4 31 14 19 33 30 Tax Map / Property3 Overview32 7504 31 33 13 2 7504 28 2 37 32 1 33 41 7503 30 CHRYSTIE STREET 38 7501 7502 34 37 31 43 40 42 41 40 7502 44 43 32 44 41 39 35 38 41 38 36 8 33 45 42 37 7501 SPRING STREET 6 35 BOWERY 22 36 19 19 18 37 16 17 21 23 4 18 21 22 23 24 14 21 20 19 20 17 18 20 17 21 7502 43 41 4039 38 16 190 11 15 25 1 13 25 14 23 11 9 13 7503 7503 7501 27 28 10 9 125 12 5 26 9 29 DELANCEY STREET 28 8 7501 KENMARE STREET 26 ELIZABETH STREET 32 12 27 MOTT STREET 7 ANNAL RIERSHIP 29 33 11 28 MULBERRY STREET 3 33 MILLION10 4 34 32 34 31 35 29 1 8 7501 35 36 RKF INVESTMENT SALES 33 31 2 36 37 7 & ADVISORY SERVICES 33 7501 32 1 38 6 39 50 39 39 39 40 37 34 1 41 40 7502 35 5 521 FIFTH AVENUE 42 4 37 35 35 3 40 38 NEW YORK, NY 10175 2 7501 T 212.916.3362 BROOME STREET F 212.599.3744 RKF.COM 44 16 12 18 19 7501 43 50 17 © 2018 ROBERT K. FUTTERMAN 36 37 9 12 16 13 14 39 40 41 13 52 11 & ASSOCIATES, LLC All 11 17 20 information is from sources 44 42 9 believed reliable, not independently 7501 7502Property Overview7 53 21 verified, and thus subject to errors, 15 46 8 34 6 19 7501 omissions, and modifications 8 16 Asset Type47 Retail Condominium20 Ground Floor 2,224 SF such as price, listing, square 33 5 39 58 7 22 footage, rates and commissions. 7 17 48 Block31 4784 21 38Ceiling Heights59 10 FT 9.5 IN All information, estimates and 6 18 19 49 50 5 7501 25 projections subject to change, Frontage 60 FT market assumptions, unknown Lot 1201 facts and conditions, and future potentialities. RKF makes no Neighborhood NoLita CAM Expenses $15,443 express or implied representations or warranties, as facts and Zoning C6-1 RE Taxes $23,692 results may vary materially from all information, estimates and projections. All renderings presented are conceptual. Confidentiality Agreement Contacts

You (the “Customer”) have advised RKF, its affiliates, successors and assigns (collectively “RKF”) that the Brian Segall Customer wishes to register as a potential purchaser of the master lease at 152 Elizabeth Street (the “Property”). RKF has been retained by the owner of the Property (the “Owner”) as the exclusive broker to offer the Property for 212.351.9346 sale. The Owner has indicated that all inquiries and communications with respect to the contemplated sale of the Property be directed to RKF. All fees due to RKF in connection with the sale of the Property shall be paid by the [email protected] Owner. RKF has available for review certain information concerning the Property, including but not limited to brochures, George Martinecz offering memorandum, financial information, and other materials (collectively “Confidential Information”). As a condition to RKF’s furnishing the Confidential Information to the Customer, whether such information is furnished 212.916.3381 by RKF, RKF’s employees, agents or representatives (including attorneys and financial advisors) (collectively, the “RKF’s Representatives”), or by Owner or any of Owner’s employees, agents or representatives, the Customer [email protected] and its affiliates, subsidiaries, directors, officers, employees, agents and advisors (collectively, “Customer’s Representatives”), Customer agrees to treat the Confidential Information, regardless of who prepared it, in accordance with the provisions of this Agreement and to take or refrain from taking certain actions herein set forth. 1. All Confidential Information relating to the Property which may be furnished to the Customer by RKF shall continue to be the Property of the Owner and RKF. The Confidential Information will: (i) be kept strictly confidential by the Customer and Customer’s Representatives; (ii) be used solely by the Customer for the purpose of evaluating a potential purchase of the Property; and (iii) not be copied or duplicated without RKF’s prior written consent. Upon written request by RKF, Customer hereby agrees to return any and all Confidential Information to RKF. 2. The Customer will not disclose the Confidential Information to any person unless RKF has approved in writing such disclosure, provided, however, that the Confidential Information may be disclosed to Customer’s Representatives, for the sole purpose of evaluating the potential purchase of the Property; it being understood that: (a) such Customer’s Representatives shall be informed by Customer of the confidential nature of such information and Customer’s responsibilities under this Confidentiality Agreement with respect thereto; and, (b) Customer shall direct and cause such Customer’s Representatives to treat such information confidentially. The Customer hereby acknowledges the confidential nature of the Confidential Information. 3. In addition, the Customer agrees that, without RKF’s prior written consent, the Customer will not, and will direct Customer’s Representatives not to, disclose to any person either the fact that investigations or discussions are taking place concerning the Property, or any of the terms, conditions or other facts with respect to the Property, or any potential transaction in connection therewith, including the status thereof. 4. The Customer understands and acknowledges that neither RKF nor the Owner make any representation or warranty as to the accuracy or completeness of the Confidential Information and that the information used in the preparation of the Confidential Information was furnished to RKF by others and has not been independently verified by Owner or RKF and is not guaranteed as to completeness or accuracy. The Customer agrees that neither RKF nor the Owner shall have any liability for any reason to Customer or Customer’s Representatives resulting from the use of the Confidential Information by Customer or Customer’s Representatives, or for any other information (whether oral or written) provided or alleged to have been provided to Customer or Customer’s Representatives. 5. It is understood and agreed that money damages may not be a sufficient remedy for any breach of this Agreement by Customer and that RKF and Owner shall be entitled to specific performance or other equitable relief as a remedy for any such breach. Such remedy shall not be deemed to be the exclusive remedy for Customer’s breach of this Agreement but shall be in addition to all other remedies available at law or in equity to RKF and the Owner. Customer agrees that the provisions of this Agreement shall be deemed to apply, with equal force and effect, to Customer’s Representatives, affiliates, or associates, as if such persons were a signatory hereto and that Customer shall be responsible for any breach of the provisions of this Agreement by Customer’s Representatives, affiliates or associates. 6. In the event that Customer or Customer’s Representatives receive a request or demand to disclose all or any RKF INVESTMENT SALES part of the information contained in the Confidential Information under the terms of a subpoena or order issued & ADVISORY SERVICES by a court of competent jurisdiction or otherwise, Customer agrees to (i) promptly notify RKF and Owner of the existence, terms and circumstances surrounding such a request so that RKF and the Owner may seek a protective 521 FIFTH AVENUE order or other appropriate relief or remedy or waive compliance with the terms of this agreement, (ii) consult with NEW YORK, NY 10175 RKF and Owner and their respective counsel on the advisability of taking steps to resist or narrow such request provided that Customer shall not be subjected to any liability or undue expense or burdens, and (iii) if disclosure of T 212.916.3362 such information is required, disclose such information only to the extent so required. F 212.599.3744 RKF.COM 7. All notices, consents, requests, approvals and other communications provided for herein shall be made in writing and shall be delivered personally, by facsimile transmission, or by first class mail, postage prepaid. Notices © 2018 ROBERT K. FUTTERMAN delivered personally or by facsimile transmission shall be effective upon receipt. Notices sent by first class mail & ASSOCIATES, LLC All shall be effective three days subsequent to the date any such notice is deposited in the mail. Notices to RKF must information is from sources be sent to RKF, 521 Fifth Avenue, 7th Floor, New York, NY 10175, Attn: Legal. Notices to Customer shall be sent to believed reliable, not independently verified, and thus subject to errors, the address provided by Customer in the signature block to the attention of the signatory. omissions, and modifications 8. With respect to the matters contemplated herein, this Agreement constitutes the entire understanding between such as price, listing, square footage, rates and commissions. Customer and RKF and it supersedes all prior oral and written communications, negotiations, understandings and All information, estimates and agreements. The agreement set forth in this Agreement may be modified or waived only by a separate writing by projections subject to change, Customer and RKF expressly so modifying or waiving such agreement. No failure or delay in exercising any right, market assumptions, unknown facts and conditions, and future power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof potentialities. RKF makes no preclude any other or further exercise of any right, power or privilege. express or implied representations or warranties, as facts and results may vary materially from all information, estimates and projections. All renderings presented are conceptual. Confidentiality Agreement Contacts

9. The rights, obligations and benefits hereunder shall inure to the benefit of the respective parties hereto, their Brian Segall successors and assigns. 212.351.9346 10. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to principles of conflict or choice of laws. The Customer hereby irrevocably and unconditionally [email protected] submits to the jurisdiction of any court of the State of New York or any federal court sitting in the State of New York for purposes of any suit, action or other proceeding arising out of this Agreement (and Customer agrees not to commence any action, suit or proceedings relating thereto except in such courts) and agrees that service of George Martinecz any process, summons, notice or document by U.S. registered mail actually received by Customer at Customer’s address set forth herein shall be effective service of process for any action, suit or proceeding brought against 212.916.3381 Customer in any such court. Customer hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this agreement, which is brought by or against RKF or [email protected] Owner, in the State of New York, City of New York, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 11. The Customer acknowledges that the Property offered for sale is subject to withdrawal from the market, change in offering price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective purchaser, or for any other reason whatsoever, without notice. The Customer acknowledges that the Property is being offered without regard to race, creed, sex, religion or national origin. 12. The Customer stipulates that it is acting as a principal only, and is not acting as a broker, or being represented by any broker in the transaction. If Customer wishes to be represented by a broker, then Customer’s broker shall be paid by the Customer solely. Neither RKF nor the Owner will be responsible for any fees paid to the Customer’s broker. Customer hereby agrees to indemnify, defend and hold RKF, and its members, managers, officers, directors, owners, shareholders, employees, agents and independent contractors, harmless, from and against any and all damages, losses, liabilities, commissions, claims, lawsuits, judgments, costs and expenses, including reasonable attorneys’ fees, disbursements, court or arbitration costs which RKF or any of the aforesaid parties may incur as a result of any breach of this Agreement, or any claim for a commission by any broker related to the dealings with Customer for the Property, including but not limited to any executed transaction, or any negotiations.

If in agreement with the foregoing, please return an original signed copy of this Agreement. In Witness Whereof, the undersigned has caused this Agreement to be executed and delivered on the day of , 20

NAME (print):

BY (signature):

TITLE:

PHONE NUMBER:

COMPANY:

FAX NUMBER: RKF INVESTMENT SALES ADDRESS: & ADVISORY SERVICES

EMAIL ADDRESS: 521 FIFTH AVENUE NEW YORK, NY 10175 T 212.916.3362 Please return all pages to George Martinecz by fax (212.599.3744) or email ([email protected]) F 212.599.3744 RKF.COM

© 2018 ROBERT K. FUTTERMAN & ASSOCIATES, LLC All information is from sources believed reliable, not independently verified, and thus subject to errors, omissions, and modifications such as price, listing, square footage, rates and commissions. All information, estimates and projections subject to change, market assumptions, unknown facts and conditions, and future potentialities. RKF makes no express or implied representations or warranties, as facts and results may vary materially from all information, estimates and projections. All renderings presented are conceptual.