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THE PLAZA PARK Bringing Long Island City to New Heights

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THE PLAZA PARK Bringing Long Island City to New Heights THE PLAZA PARK Bringing Long Island City To New Heights BRIXTON MANOR CONFIDENTIAL OFFERING MEMORANDUM This Offering Memorandum has been prepared by Brixton Manor use by a limited number of parties and has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to confirm, independently, its accuracy and completeness. All projections have been developed by Brixton Manor, Owner and designated sources, are based upon assumptions relating to the general economy, competition, and other factors beyond the control of Owner, and therefore are subject to variation. No representation is made by Brixton Manor or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Brixton Manor, Owner and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective investors. Owner and Brixton Manor each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Offering Memorandum or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived. This Offering Memorandum and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose this Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or Brixton Manor and that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the property and you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or Brixton Manor If you have no interest in the property, please return the Offering Memorandum forthwith. BRIXTON MANOR THE PLAZA PARK EXECUTIVE SUMMARY 04 LOCATION OVERVIEW 12 MARKET OVERVIEW 28 BRIXTON MANOR EXECUTIVE SUMMARY BRIXTON MANOR PROJECT RENDERING EXECUTIVE SUMMARY TRANSACTION OVERVIEW Brixton Manor LLC has been exclusively retained for the sale of the Long Island City, New York development opportunity. The Plaza Park represents a shovel ready opportunity to construct a state-of-the-art, mixed-use, residential tower within Long Island City’s Queens Plaza Sub-market. Once completed, the development will be the tallest residential building in New York City located outside of Manhattan and will enjoy panoramic views of the Manhattan skyline, unparalleled access to mass-transit (10 minutes from Midtown Manhattan), and a true live/work/play amenity package. Additionally, the project includes a one- acre, privately owned, public park and a renewed subway entrance just a few feet from the building’s lobby, both of which will be completed in partnership with the MTA. Also included in the offering is a fully vested, 100% market rate, 15-year 421-a tax abatement and up to $35 million in Brownfield Tax Credits for work completed. PROJECT OVERVIEW Name: The Plaza Park Long Island City, Queens, City, State, Zip Code: New York 11101 Neighborhood: Queens Plaza, Long Island City Development Type: Fee Simple Mixed-Use Property Type: (Luxury Residential/Condo, Office, Retail, Parking) Max Allowable Zoning SF: 833,536 Zoning SF*: 832,250 Gross SF*: 1,041,941 Net SF*: 763,718 Residential Units*: 780 Parking Spaces*: 125 Height | Stories*: 68 Stories | 860 ft. Tall (Approx.) 1 Acre Park, Automated Parking, Lobby Lounge / Bar, Fitness Facility, Spa (w. Hammam, Pool, Jacuzzi, Spa Lounge & Terrace), Amenities*: Library, Social Bar, Private Party Rooms, Movie Room, Kids Playroom, Offices, Pet Walk Areas & Others Pre-Development | Design Project Status: (substantially complete DDs & CDs) 100% Market Rate 15-Year 421-a Property Taxes: Tax Exemption Up to $35 Million in Vested Additional Benefits Brownfield Tax Credits PROJECT RENDERING *Proposed BRIXTON MANOR TRANSPORTATION MAP Riverside Harlem Park Meer FRAWLEY CIR 86TH ST W 106TH ST AVE AMSTERDAM E 106TH ST ASTORIA BLVD The Wards Loch Island The 23RD AVE Great Park Hill ASTORIA BLVD 82ND ST BROADWAY 1 B C 6 The Pool DITMARS BLVD FDR DR FDR Astoria GRAND CENTRAL PKWY Triborough Brdg Park East Mt Sinai Meadow Hospital Metropolitan RIVERSIDE DR RIVERSIDE Hospital 97TH ST TRANSVERSE RD ASTORIA BLVD 1 2 3 W 96TH ST B C E 96TH ST 6 ASTORIA PARK S Brooklyn Queens Exwy W ASTORIA BLVD 278 31ST ST HOYT AVE S ASTORIA BLVD Joan of Arc Park The Reservoir 81ST ST PARK AVE PARK E 90TH ST TH ST TRANSVERSE 86 RD MAIN AVE East River COLUMBUS AVE COLUMBUS CENTRAL Carl W 86TH ST 1 B C PARK E 86TH ST 4 5 6 Schurz Park LAGUARDIA Great Lawn Metropolitan N Q STEINWAY ST 31ST AVE AIRPORT Museum Of Art Riverside MADISON AVE MADISON Park CENTRALW PARK BROADWAY TRAVEL TIME TO SITE: C W 81ST ST B Belvedere Lake AVE 1ST 7 MINUTES Brooklyn Queens Exwy Museum W 79TH ST 1 Of Natural E 79TH ST 79TH ST TRANSVERSE RD History TRAVEL TIME TO SITE: HENRY HUDSON PKWY HUDSON HENRY The W 77TH ST John 34TH AVE 14 MINUTES Ramble 6 Jay YORKAVE Park The Lake WAVE END Conservatory ASTORIA Pond VERNON BLVD Strawberry AVE LEXINGTON W 72ND ST 1 2 3 B C Fields E 72ND ST ROOSEVELT ISLAND BRDG 36TH AVE N Q Sunnyside TRAVELWOODSIDE TIME AVE TO SITE: 45TH AVE Garden Park 278 Cornell Medical 11 MINUTES College Sheep Meadow The New York Mall 6 Hospital Greenland Center 5TH AVE 5TH Park E M R ST 66TH 1 Julliard 48TH ST 2ND AVE 2ND ROOSEVELT AVE School 65TH STREET TRANSVERSE RD Rockefeller 3RD AVE 3RD N Q Queens Northern Blvd University 21ST ST Lincoln WOODSIDE Center F E 63RD ST F ST 61ST Heckscher 39TH ST SKILLMAN AVE 69TH ST Playground F HENRY HUDSON PKWY HUDSON HENRY 43RD AVE E 61ST ST FDR DR The Pond Fordham E 60TH ST QUEENSBORO BRG CONN QUEENSBORO Queensboro Brdg 7 N Q ST 58TH Univ N Q R Queens Plz E A C B D CENTRAL PARK S BRDG 25 4 5 6 1 N Q R F E M R TRAVEL TIME TO SITE: Queens Blvd N Q W 57TH ST 10 MINUTES Thomson Ave B D QUEENS Dewitt E 7 GREENPOINT AVE Clinton Park E E M E M E 53RD ST Brooklyn Queens Exwy C E MIDTOWN PLAZA PARK 6 M MAURICEAVE FIRST AVE FIRST Long Island City | NY 7TH AVE 7TH MANHATTANRockefeller Center LONG ISLAND EXWY 49TH AVE PARK AVE PARK E 48TH ST 1 N Q R B D Damrosch F M 495 Park HUNTERS POINT AVE G Jackson Ave Long Island Exwy 7 49TH AVE JAY AVE Dutch Kill 495 Laurel Hill Blvd UNITED NATIONS PLZ UNITED NATIONS United 48TH AVE Nations Blvd Vernon Times 12TH AVE 11TH AVE Square VANDERBILTAVE 61ST ST 10TH AVE 10TH W 42ND ST A C E 1 2 3 S B D F M 7 E 42ND ST 7 S QUEENS MIDTOWN TUNNEL 7 11TH ST 7 N Q R 4 5 6 Bryant Park MASPETH AVE PULASKI LINCOLN TUNNEL Queens Midtown Tunnel BRIDGE East River LINCOLN TUNNEL W 39TH ST TRAVEL TIME TO SITE: TRAVEL TIME TO SITE: Kosciusko Brdg Jacob Javits Koscuiszko Brdg Convention AVE PARK AVENUE OF THE AMERICASTHE AVENUE OF 17 MINUTES 16 MINUTES Center East River DYERAVE AVE FASHION 9TH AVE 9TH MCGUINNESS BLVD KINGSLAND AVE 1ST AVE 1ST A C E B East River W 34TH ST 1 2 3 D F M E 34TH ST Brooklyn N Q R Queens Exwy 6 GREENPOINT AVE BRIDGEWATER ST NYU 3RD AVE 3RD Medical MIDTOWN AVE 2ND Center GREENPOINT STEWART AVE W 30TH ST AVE 8TH SOUTH 278 G NORMAN AVE FLUSHING AVE Chelsea N R 6 HUMBOLDT ST Park Bellevue Hospital LOMBARDY ST 7TH AVE 7TH Madison E 25TH ST Square VANDERVOORT AVE Park VA 24Th GRAND ST Hospital Street Park W 23RD ST C E 1 F M N R 6 E 23RD ST G TRAVEL TIME TO SITE: METROPOLITAN AVE Gramercy Park MEEKER AVE TRAVEL TIME TO SITE: S AVE PARK 29 MINUTES MANHATTAN AVE TRAVEL TIME TO SITE: 21 MINUTES 1 East River NASSAU AVE MEEKER AVE Union 35 MINUTES TRAVEL TIME TO SITE: Square 11TH AVE Stuyvesant Square AVENUE C AVENUE 34 MINUTES UNION4 5 6 5TH AVE 5TH N Q R L E 15TH ST GRAND ST UNION SQ W MASPETH AVE W 14TH ST A C E L L F M SQUAREE 14TH ST L L WILLIAMSBURG
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