882 Fulton Street

RETAIL INVESTMENT OPPORTUNITY 882 FULTON STREET 8,752 SF NEW CONSTRUCTION PROMINENT CORNER RETAIL CONDOMINIUM CLINTON HILL, BROOKLYN CONCEPTUAL RENDERING RKF INVESTMENT SALES & ADVISORY SERVICES 882 FULTON STREET | RETAIL INVESTMENT OPPORTUNITY 1 PROPERTY SNAPSHOT RKF Investment Sales and Advisory Services has been exclusively retained for the sale of retail condominium Property Address 882 Fulton Street a.k.a 500 Waverly Avenue located at 882 Fulton Street a.k.a 500 Waverly Avenue. Brooklyn, New York - 11238 This new development retail space is located on the ground floor of a newly-constructed 50-unit luxury residential condominium. The space is comprised of 8,752 square feet across the Ground Floor Block and Lot 2011/0030 and a Lower Level. The Property is located at the intersection of Location Southwest corner on Fulton Street Fulton Street and Waverly Avenue in Clinton Hill, Brooklyn amid a rapidly expanding residential, office and tourism market. Lot Area 11,923 SF Total Retail Area 8,752 SF The Property is situated along the well-established Ground Floor 7,568 SF Fulton Street retail corridor, with future developments in Lower Level 1,184 SF the immediate surrounding areas that are poised to transform retail tenancies and drive increased retail demand. Frontage (on Fulton) 106' Frontage (on Waverly) 50' The Property is ideally located adjacent to Brooklyn’s largest Ceiling Heights 12'6" residential development, Pacific Park which is adding 6,400 residential units to the neighborhood. Developed by Forest City Ratner and Delivery Q4, 2016 Greenland USA — ensures an on-going expansion of retail demand, Usage Restrictions Cooking permitted 500 Waverly Avenue Brooklyn, NY driven both by population growth and gentrification. May 2016 Tax Abatements 421 – A tax abatement in place for 25 years Legend VESEY ST TRIBECA D ST RAN UN G ST9A 500 Waverly Avenue IO ^_ N AVE BATTERY NORTH SIDE PARK SOUTH SIDE DISTRICT Trade Area (1/2, 1, 2-Mile) B FINANCIAL RO ST9A DISTRICT OKL EAST LEE A Ã Subway Station YN B RIVER VENUE RIDG E WILLIAMSBURG BUSHWICKCombined wraparound Located across from Clinton NORTH HUDSON Combined wraparound Located adjacent to Clinton/ RIVER frontage of 156 feet. C-train stop which closest train ¨¦§278 UPPER NEW YORK BAY N frontage of 156 feet Washington C-train stop; the OS NUE ARK AVE FLUSHING AVENUE P access for residents of Pacific DUMBO TRAN VINEGAR HILL PARK AVENUE D closest train access to the 6,400 B A USHW DOWNTOWN VENUE Park Development, adding ICK AVE BOERUM HILL B EDF BEDFORD NUE unit Pacific Park Development will BROOKLYN HEIGHTS O RD AVENUE Flat RE Taxes For The tremendous foot traffic in next COBBLE HILL B AVENUE DEKAL BRO ADWAY ENUE Flat Real Estate Taxes add tremendous foot traffic in LAFAYETTE AV STUYVESANT M Next 20 Years AL two years HEIGHTS T M C STREET OLM X BOULEVARD ARC For PETheR S Next 20 Years the next two years FORT CLINTON OO MITH S Y C S TUY GREENE HILL AV ENUE VE LEWI 882 FULTON STREET SANT S AV AVENUE ENUE CARROLL GARDENS PACIFIC PARK FUL COLUMBIA DEVELOPMENT TON STREET RED HOOK FOR MORE INFORMATION PLE ASE CONTACT: K AVENUE 9 PROSPECT TH STREET RD AVENUE HEIGHTS O RD AVENUE FLATBUSH EW YOR 3 N BRIAN SEGALL VICE PRESIDENT | 212.351.9346 | [email protected] EDF NUE NUE B PARK SLOPE AVE TH AVE TH AVE CROWN HEIGHTS GOWANUS 5 8 NUE NORTH 9TH STREET CROWN HEIGHTS PROSPECT SOUTH PARK ¨¦§278 882 FULTON STREET | RETAIL INVESTMENT OPPORTUNITY15TH STREET 2 APLE STREET O M CEA R OC N AVE PROSPECT K A LEFFERTS GARDENS WAY PKY NUE UTI CA A µ ST27 VE Miles 0 0.175 0.35 0.7 All information supplied is from sources deemed reliable and is furnished subject to errors, omission, modifications, removal of the listing from sale, and to any listing conditions, including the rates and manner of payment of commissions for particular offerings imposed by principals or agreed to by this Company, the terms of which are available to principals or duty licensed brokers. Any square footage dimensions set forth are approximate. CONFIDENTIALITY AGREEMENT 882 FULTON STREET You (the “Customer”) have advised ROBERT K. FUTTERMAN & ASSOCIATES, LLC1 , its affiliates, successors and assigns (collectively “RKF”) that the Customer wishes to register as a potential purchaser of ___________________________________2. RKF has been retained by _________________________3 (the “Owner”) with respect to the offering of the Property for 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 RKF in connection with the sale of the Property shall be paid by the Owner. RKF has available for review certain information concerning the Property which includes brochures, financial information, and other materials (collectively “Informational Materials”). RKF will not make such Informational Materials available to the Customer unless and until the Customer has executed this agreement. As a condition to RKF’s furnishing the Informational Materials to the Customer, whether such information is furnished 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 and its affiliates, subsidiaries, directors, officers, employees, agents and advisors (collectively, “Customer’s Representatives”) agree to treat the Informational Materials, 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 Informational Materials 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 Informational Materials 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 Informational Materials to RKF. 2. The Customer will not disclose the Informational Materials to any person unless RKF has approved in writing such disclosure, provided, however, that the Informational Materials may be disclosed to the 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 use best efforts to direct and cause such Customer’s Representatives to treat such information confidentially. The Customer hereby acknowledges the confidential nature of the Informational Materials. 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 RKF and the Owner do not make any representation or warranty as to the accuracy or completeness of the Informational Materials and that the information used in the preparation of the Informational Materials was furnished to RKF by others and has not been independently verified by 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 Informational Materials 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 882 FULTON STREET | RETAIL INVESTMENT OPPORTUNITY 3 CONFIDENTIALITY AGREEMENT 882 FULTON STREET 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 part of the information contained in the Informational Materials under the terms of a subpoena or order issued 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 order or other appropriate relief or remedy or waive compliance with the terms of this agreement, (ii) consult with RKF and Owner 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 such information is required, disclose such information only to the extent so required. 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, to the addresses set forth below.

Load more