Asking: $10,950,000 DESCRIPTION the Nassimi Group Offers for Sale on an Exclusive Basis, Six (12) Residential Units at the W R

Washington Street – Condo Package 123 New York, NY 10006

Asking: $10,950,000

DESCRIPTION

The Nassimi Group offers for sale on an exclusive basis, six (12) residential units at The W Residences Downtown at 123 Washington Street. The property occupies the block directly south of the World Trade Center; it also benefits from the world class shops, food and amenities offered at Brookfield Place. Unique opportunity, the subject properties are multiple apartments in a bulk sale at the W Residence Downtown; Investment comes with return as units are tenant occupied. Washington Street – Condo Package 123 New York, NY 10006 THE W RESIDENCES DOWNTOWN BULK CONDO SALE PACKAGE

The W Residences Downtown is ideally situated in Manhattan’s FiDi district offering Residential Units in Offering 12 world class residential living and benefits from the more than $30 billion of public and private investment into the immediate vicinity to include prime office space, luxury Block/Lot: 00053-7502 retailers, restaurants and the new Calatrava subway hub. Building Stories: 58

The W Residences, built in 2010 has 223 contemporary award winning Graft designed Aggregate Unit Size (Approx): 10,222 SF apartments, appointed with Meile gas cooktops and washer and dryers in each unit. The W Hotel is located on floors 6-22 with the Monthly Projected Rental Income: $61,800 exclusive W Bar located on the 5th floor and the exercise and spa on the 31st floor. RE Tax Abatement: Until 2021 Tenants enjoy panoramic views of 9/11 Memorial Park, Statue of Liberty, the river, Monthly Aggregate RE Taxes: $6,442 city of Manhattan and beyond from every window of the residences. W Hotel’s signature WHATEVER/WHENEVER ® service Monthly Aggregate Common Charges $15,895 and hotel amenities are available 24/7/365. Washington Street – Condo Package 123 New York, NY 10006 UNITS BREAKDOWN

UNIT BED/BATH SF RENT TAXES C.C 39A 1/1 799 $4,000 $448 $1,238 39B 2/2 1175 $7,000 $900 $1,835 40H 1/1 606 $4,000 $350 $940 42A 1/1 799 $5,000 $448 $1,238 42B 2/2 1175 $6,500 $900 $1,835 42D 1/1 732 $3,500 $400 $1,140 42F 1/1 747 $4,300 $400 $1,158 44A 1/1 799 $5,000 $448 $1,238 44G 1/1 708 $5,000 $400 $1,100 51A 1/1 799 $5,000 $448 $1,238 51B 2/2 1175 $7,500 $900 $1,835 53G(PH) 1/1 708 $5,000 $400 $1,100 Washington Street – Condo Package 123 New York, NY 10006

PROJECTED FINANCIALS

YEARLY GROSS INCOME $741,600

YEARLY RE TAXES $77,304

YEARLY C.C $190,740

TOTAL EXPENSES $268,044

NET OPERATING INCOME $473,556

PRICE SUBMIT OFFERS

Washington Street New York, NY 10006 123 r esidence-only rooftop terrace featuring unobstructed views of Manhattan and the world beyond This is the first globally branded luxury hotel and residences of its size and scale in downtown New residences span the York, and the first 23rd to 56th floors and offer W Hotel with a residential spectacular views of the rivers, 9/11 Memorial Park, component in Manhattan. The residence-only amenities floor Statue of Liberty and glass-clad tower sits on a five- featuring a digital entertainment beyond story, limestone and glass Lounge, Café, outdoor terrace, Fitness Center, Spa treatment podium that features a subtle rooms with Sauna grid pattern of white, grey and clear glass panels, adding a highly base of the building includes: modern element to • BLt Bar & Grill, ground floor this neighborhood’s and 2nd floor ever changing • SweAt® state-of-the-art landscape. fitness center, 3rd floor w new york — dowtown • 4, 000 square feet of meeting, Living room Bar & Lounge banquet, and event space is located on the 5th floor, with a full service w Ired® and the 217 guests’ rooms business center on the 4th floor are the 6th to 22nd floors

residence-only entrance and lobby at 123 washington Street 1 2 3 40

27 26 Hermès: 25 BMW: BMW: 24 Sephora: 23 Canali: Canali: 22 Thomas 21 Flowers of 15 Tiffany& 67 15Broad Sharper Sharper 14 The 10 Wall 25 09 Brooks Brothers: 150 SHOP/SPLURGE Barclay Pink: Broad Green Grape: Grape: Green Godiva Godiva 41

Broadway Street 38 Battery Battery 38

Co: 42 the World: World: the Skyscraper Image: Image: Street 37 63 39 36 33 BLT:123

35 - Street Castle Castle 37 Rex 34 Wall 32 Cipriani’s: National National Chocolatier: Chocolatier: 30 31 Ulysses’: South

Wall 29 New New Financier 89 Tobacconist: 28 Bayard’s: 18

South

Street

20 Bosque 16 Delmonico’s:

at Clinton South One Washington Haru Haru 19 13 80 North Cove Marina: Marina: Cove North 63 Museum: Street Street Street York Dean Dean 08 17 Louise South Fulton Les 07 Whole Whole 07 12 Museum Pine Wall Rockefeller 55 Cove:

Staten Staten 05 LibertyPlaza World

Street Sushi: 11Keith Canyon Canyon 04 Nobu Nobu 04 Patisserie: Stock

Wall Halles Halles Gardens: Battery Gardens: 03 05 1Hanover at National National 2 Bouley Bakery:

& Seaport Seaport Street Street

PLAY/EXPLORE Street End 02 Bourgeois E World World Street Street 01 Deluca: Deluca: South 39 Bubby’s Governor Nelson Nelson Governor Esplanade Esplanade 2

Island

Mr. Mr. Financial Street 1Wall AT of

Exchange: Exchange: 56 World World The Avenue Haring Haring Battery Foods: Downtown:

of the American the

Park Chow’s: Downtown: Beaver Beaver Transit End Financial

Museum: Heroes Heroes 62 Monument: Odeon: Odeon:

/ Square

Ferry Street 100 D Restaurant/Bar: Financial Financial

Eyes Stone

Avenue Acrobats

Place Liberty 101Warren

R Center

Between Between Broadway

Center Street Street 120

121Hudson 11Wall :

I Park

145 Wagner Wagner

15John Center Street 207 N

W. 105

Street

Battery Battery

Indian W.

K Center Center :

Broadway Broadway

Front Liberty Liberty

Street Hudson RockefellerPark 1st&

Broadway

Street

Street Street

Park 120

3rd Street Street Park

Street

Hudson Place Place

28 17 11

05 09

08 10

W E S T S I D E H W Y 34 36

S TA T E S T 30

H S T G R E E N W I C 42

07 35 02 01

STAPLE ST 04

18 38

23 03 14 16

19 15

29 32

33 22

WORK OUT & M E E T Floor three of the hotel includes SWEAT Fitness®, a state-of-the-art fitness center 123 which provides iPod and LCD TV equipped cardiovascular machines and Yoga and Pilates equipment.

Floor four boasts more than 4,000 square feet of hotel meeting, banquet and event space with panoramic views of Downtown Manhattan, as well as a full-service WIRED® business center, open 24 hours a day.

Residential owners are privileged with full access to the hotel services and amenities 24/7/365.

L I V I N G R O O M B A R & T E R R A C E BLT BAR & GRILL Located on the fifth floor of W New York — Downtown, the Located on the first and second floors of the hotel, BLT Living Room Bar & Terrace features dramatic Lamella curtain debuts its first-ever Bar & Grill concept featuring modern draped lighting installation that is grand in scale. The lively selections spaces reflect Manhattan’s pulsating vibe amid floor-to-ceiling that are ideal for everyday dining without departing from window views of New York City. signature BLT style and service. The bi-level space, designed by CCS Architecture, incorporates traditional materials used in a modern way, making it a stylish dining option in the Downtown neighborhood. First floor dining features an extensive menu of shareable bar snacks from Executive Chef Christophe Bellanca. He translates his experience at Le Cirque and L’Orangerie creating accessible, flavorful new American classics. These traits have become synonymous with the cuisine of all BLT Restaurants. In addition to the expansive freestanding zinc-topped bar on the bustling ground level of the restaurant, BLT Bar & Grill accommodates an additional 50 indoor guests and 90 on the outdoor patio. The second floor dining room features a larger menu of fresh salads, grilled meats, market-driven pastas, pizzas, sandwiches and the signature sides and desserts that have made the BLT experience an international sensation. The second floor includes a private dining room that seats 20 guests, the perfect place for casual yet festive gatherings any night of the week. UNMATCHED SERVICES AND AMENITIES W Hotel’s signature WHATEVER/WHENEVER® service is available to the owners of The Residences at 123 W New York—Downtown on a 24/7/365 basis, by way of direct telephone access from their residence. Full access to the hotel amenities is another privilege of ownership. Residents also enjoy exclusive owner benefits including but not limited to preferred room rates at Starwood Hotels & Resorts Worldwide, privileged access to venues at the hotel and automatic Starwood Preferred Guest® Gold membership.

S I G N A T U R E EXCLUSIVE AMENITIES: S E R V I C E S F O R – Exclusive residents-only amenity floor on 31st O W N E R : Floor includes Digital Entertainment Lounge, – 24/ 7 Residential Concierge Outdoor Terrace and Café – 24/ 7 Whatever/Whenever – Private Fitness Center with high-tech direct service access Kinesis equipment, and outdoor – 24/ 7 Access to all Hotel services and Spin Bikes amenities with signing privileges – Spa Treatment Rooms with Sauna – In-residence catering and dining with cuisine and shower from BLT Bar &Grill – Exclusive Rooftop Terrace featuring – Preferred dining reservations at BLT Bar & Grill majestic 360 degree views – In-residence housekeeping services – Spa services appointments in private treatment rooms on 31st floor PREFERR E D RAT ES FOR OW NERS : – Personal trainers, private yoga and Pilates – 20% off best available rate for hotel rooms at instruction by appointment W New York — Downtown (for friends and family) – Access to tickets for local entertainment and – 10% off best available rate for hotel rooms at any much more participating Starwood property worldwide – 10% off In-Residence Dining with no delivery fee – 20% discount on meeting/event space charges at W New York — Downtown – 30% off online shopping at W Hotels The Store, whotelsthestore.com KITCHENS – Fully Integrated Italian white lacquer cabinetry designed by Graft 123 – Corian countertops with glass backsplash and concealed lighting – Stainless Steel under-mount sink with Grohe pull out spray faucet – Miele Gas Cook-top, hood, convection/microwave oven and dishwasher – Integrated Subzero refrigerator RESIDENCE FEATURES – 2 Bedroom residences include built-in oven and slide out – 223 contemporary designed W Residences® ranging microwave drawer in size from studio to two bedrooms of 400 to 1175 square feet. Residences begin on the 23rd floor and rise to the Rooftop Terrace. Furnished and WAT E R C L O S E T S unfurnished residences available. – Luminous transparent glass showers, some with en-suite – Penthouse Residences are located on the 53rd–56th exposures or peek-a-boo element. floors with ceiling heights ranging from 10–13 feet. – Most with glass shower and Kohler polished chrome multi-setting showerhead – Expansive wall-to-wall windows frame unparalleled – Italian designed crocodile textured tile and reflective views offering exceptional light and include snakeskin porcelain tile integrated window treatment pockets. – Custom Corian Vanity with /Duravit under-mount sink – 21st century customized contemporary finishes – Contemporary Signature seriesfaucet designed by Graft Studio. – Custom designed edge-lit mirrored medicine cabinet – Ebonized maple hardwood floors throughout. – Amba Italian designed stainless steel towel warmer – Interior doors are solid-core painted wood with – All with pocket doors and some with Graft custom Omnia lever hardware and KeyFob access. Every white lacquer pocket doors residence includes sliding pocket doors, some of – Toto water closet which are custom white lacquer designed by Graft. – Individual thermostatic control in each room such that one room may be cooled while another is heated. – Multi-media outlets are located throughout, with the option of cable television and telephone or Verizon Fios Fiberoptic services. – Washer/Dryer in each residence. 123

Gwathmey Siegel & Associates Architects, is a firm with an international reputation for architectural excellence. Based in New York, the firm has completed over 300 projects worldwide. It has been the recipient of more than 100 design awards and still continues to receive recognition. 123 The area is home to a multitude of first-class dining choices, international retailers, convenient transportation, park and waterfront esplanade, and the 9/11 Museum Memorial Park.

The Residences at W New York— Downtown are positioned as a world- class destination, affording you front row seats to New York’s most vibrant neighborhood. 123 T H E P R I VAT E R E S I D E N C I AL L O B B Y, R E - I N T E R P R E T E D B Y T H E R O C K W E L L G R O U P.

Rockwell Group directedthe design and chose materials which are both rich in color and speak to luxury living. Features of the space include furnishings that Rockwell Group hasdesigned in collaboration with renowned companies such as The Rug Company, Maya Romanoff and Jim Thompson. 123 The design of the interiors in the building is based on the created idea of a “ripple effect” or wave of energy, creating internal movement that will resound through the surrounding Downtown area. The inspiration was to create a new and fresh look at the concept of comfort and luxury in its most contemporary and even futuristic sense of minimalism. The design creates a new outlook on living, working and visiting in our globalized society. Washington Street 123 New York, NY 10006

Bedroom 13'11" x 13'2"

RESIDENCE A Floors 33-56 1 Bedroom 1 Bathroom 799 sq feet Gallery 4'10" x 9'11"

Gallery Corner Living/Dining room with walls of glass Southwest views of the Hudson River and New York Harbor Kitchen W/D Fully Integrated Italian white lacquer cabinetry designed by Graft Corian countertop with glass backsplash and concealed lighting R Stainless Steel under-mount sink with Grohe pull out spray faucet Miele Gas Cook-top, hood, convection/microwave oven and dishwasher Integrated Subzero refrigerator WC Living/Dining Glass shower with Kohler polished chrome multi-setting showerhead 19'9" x 15'11" Italian designed crocodile textured and reflective snakeskin tiles R Custom Corian Vanity with Duravit under-mount sink DW Contemporary Signature series faucet Custom designed edge-lit mirrored medicine cabinet Amba Italian designed stainless steel towel warmer Graft custom white lacquer pocket doors Toto water closet Built-in white lacquer window seating with white ostrich cushions Ebonized maple hardwood Floors throughout Washer/Dryer

NORTH Sales Center On-Site 123 Washington Street New York, NY 10006 P: 212 385 1100 0 4 A F: 212 385 1101 wnyresidences.com

All plans and/or layouts are subject to modification. All dimensions and areas are approximate and subject to normal construction variances and tolerances. Dimensions are maximum overall subtracting cutouts. We reserve the right to make changes to conditions in accordance with the offering plan. A Moinian Group project. The Residences at W New York Downtown are not owned, developed or sold by Starwood Hotels & Resorts Worldwide, Inc. or its affiliates. Moinian Group uses the W trademarks and trade names under a license from Starwood Hotels & Resorts Worldwide, Inc. This is not an offer to sell or solicitation of offers to buy, nor is any offer or solicitation made where prohibited by law. The statements set forth herein are summary in nature and should not be relied upon. A prospective purchaser should refer to the entire set of documents provided by Moinian Group and should seek competent legal advice in connection therewith. Sponsor: 123 Washington LLC, 530 5th Avenue, Suite 1800 New York, NY 10036. The complete offering terms are in an Offering Plan available from the Sponsor. File No. CD06-0687. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. Washington Street 123 New York, NY 10006

Living/Dining Bedroom Master Bedroom 19'3" x 18'11" 11'7" x 13'3" 11'8" x 17'1"

Living/Dining Bedroom Master Bedroom 19'3" x 18'11" 11'7" x 13'3" 11'8" x 17'1" RESIDENCE B Floors 33-56 2 Bedroom 2 Bathroom Gallery

1175 sq feet Gallery

DW R W/D Gallery Corner Living/Dining room with walls of glass North and Northwest views of park, city, and Hudson River DW R W/D Kitchen Fully integrated Italian white lacquer cabinetry designed by Graft Corian countertop with glass backsplash and concealed lighting Stainless Steel under-mount sink with Grohe pull out spray faucet Miele Gas Cook-top, hood, built-in oven and dishwasher Built-in slide out microwave drawer Integrated Subzero refrigerator WC Glass shower with Kohler polished chrome multi-setting showerhead En-suite Master Bathroom with Kohler Tea-for-Two tub Italian designed crocodile textured and reflective snakeskin tiles Custom Corian Vanity with Duravit under-mount sink Contemporary Signature series faucet Custom designed edge-lit mirrored medicine cabinet Amba Italian designed stainless steel towel warmer Graft custom white lacquer pocket doors NORTH Toto water closet Sales Center On-Site Built-in white lacquer window seating with white ostrich cushions B 123 Washington Street Ebonized maple hardwood Floors throughout New York, NY 10006 Miele Washer/Dryer P: 212 385 1100 0 4 F: 212 385 1101 wnyresidences.com

Bedroom 13'6" x 13'2"

RESIDENCE F Floors 33-47 1 Bedroom 1 Bathroom 747 sq feet

Foyer W/D Corner Living/Dining room and Master Bedroom with walls of glass North, East and South park, city, and river views Kitchen Fully integrated Italian white lacquer cabinetry designed by Graft Corian countertop with glass backsplash and concealed lighting Stainless Steel under-mount sink with Grohe pull out spray faucet Miele Gas Cook-top, hood, convection/microwave oven and dishwasher Integrated Subzero refrigerator Foyer Living/Dining WC 10' x 4'9" 20'9" x 15'4" En-suite glass shower with built-in bench and window Kohler polished chrome multi-setting showerhead Italian designed crocodile textured and reflective snakeskin tiles Custom Corian Vanity with Duravit under-mount sink Contemporary Signature series faucet Custom designed edge-lit mirrored medicine cabinet Amba Italian designed stainless steel towel warmer Toto water closet DW R Built-in white lacquer window seating with white ostrich cushions Ebonized maple hardwood Floors throughout Washer/Dryer

NORTH Sales Center On-Site 123 Washington Street New York, NY 10006 F P: 212 385 1100 0 4 F: 212 385 1101 wnyresidences.com

RESIDENCE G

Floors 33-56 DW W/D 1 Bedroom DWDW W/DW/D 1 Bathroom 708 sq feet R RR

Living/Dining room with pocket door Corner Master Bedroom with walls of glass South and Southeast Hudson River, city and New York Harbor views Kitchen Fully integrated Italian white lacquer cabinetry designed by Graft

Corian countertop with glass backsplash and concealed lighting

Stainless Steel under-mount sink with Grohe pull out spray faucet

Miele Gas Cook-top, hood, convection/microwave oven and dishwasher Living/Dining Bedroom Integrated Subzero refrigerator 13' x 24'9" 12'1" x 15'10" Living/DiningLiving/Dining BedroomBedroom WC 13'13' xx 24'9"24'9" 12'1"12'1" xx 15'10"15'10" En-suite peek-a-boo features frosted and transparent glass Glass shower with built-in seating Kohler polished chrome multi-setting showerhead Italian designed crocodile textured and reflective snakeskin tiles Custom Corian Vanity with /Duravit under-mount sink Contemporary Signature series faucet Custom designed edge-lit mirrored medicine cabinet Amba Italian designed stainless steel towel warmer

Graft custom white lacquer pocket door

Toto water closet Built-in white lacquer window seating with white ostrich cushions Ebonized maple hardwood Floors throughout Washer/Dryer

NORTH

NORTNORTHH Sales Center On-Site 0 4 123 Washington Street G New York, NY 10006 0 4 P: 212 385 1100 F: 212 385 1101 G

GalleryGalle ry 4'9"4'9" xx 9'10"9'10" RESIDENCE H

Floors 34-56 1 Bedroom Gallery 1 Bathroom 4'9" x 9'10"

606 sq feet

Gallery

Living/Dining room with walls of glass South Hudson River and city views Kitchen BedroomBedroom Living/DiningLiving/Dining Fully Integrated Italian white lacquer cabinetry designed by Graft 10'2"10'2" xx 14'9"14'9" 10'11"10'11" xx 14'9"14'9" R Corian countertop with glass backsplash and concealed lighting Stainless Steel under-mount sink with Grohe pull out spray faucet DWDW Miele Gas Cook-top, hood, convection/microwave oven and dishwasher Integrated Subzero refrigerator Bedroom Living/Dining WC 10'2" x 14'9" 10'11" x 14'9" En-suite peek-a-boo features frosted and transparent glass Italian designed crocodile textured and reflective snakeskin tiles Custom Corian Vanity with /Duravit under-mount sink W/DW/D DW Contemporary Signature series faucet Custom designed edge-lit mirrored medicine cabinet Amba Italian designed stainless steel towel warmer Graft custom white lacquer pocket door W/D Toto water closet Built-in glossy white bookcase Built-in white lacquer window seating with white ostrich cushions Ebonized maple hardwood Floors throughout Washer/Dryer

NORTH Sales Center On-Site 123 Washington Street New York, NY 10006 P: 212 385 1100 0 4 F: 212 385 1101 H wnyresidences.com

A C T U A L V I E W L O O K I N G N O R T H W E S T 123 A C T U A L V I E W L O O K I N G S O U T H W E S T 123 123 123 123 Washington Street – Condo Package 123 New York, NY 10006

THE NASSIMI GROUP 50 West 47th Street - 16th floor - New York, NY 10036

Richard Nassimi President & CEO 212.571.6300 Ext. 301 [email protected]

Michael Lohan Executive Director 212.571.6300 Ext. 304 [email protected]

Jonathan Loloi Vice President 212.571.6300 Ext. 307 [email protected]

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy however we do not guarantee it. TNG is not liable for any inaccuracies and shall not be held liable for any inaccuracies. All zoning, buildable footages and other pertaining information and uses must be independently verified. Additionally, all assumptions made as well as the investment income, the tax bracket and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.