144-30 & 144-32 35Th Avenue

TWO CONTIGUOUS ELEVATOR MULTIFAMILY BUILDINGS 116 RESIDENTIAL UNITS IN FLUSHING, QUEENS

144-30 & 144-32 35th Avenue QUEENS, NY 11354

PROPERTY FEATURES

LOCATION Located on the south side of 35th Ave. between Parsons Boulevard and 146th Street in Flushing, Queens, NY BLOCK 5003 LOTS 19 23 LOT DIMENSIONS 87' x 180' 87' x 180' LOT SQUARE FOOTAGE: 15,750 SF 15,750 SF LOT SIZE 31,500 SF GROUND FLOOR DIMENSIONS 87' x 164' 87' x 164' GROSS BUILDING SIZE 59,100 SF 59,100 SF COMBINED GROSS BUILDING SIZE 118,200 SF STORIES 6 6 RESIDENTIAL UNITS 58 58 COMBINED RESIDENTIAL UNITS 116 ZONING R7-1 RESIDENTIAL FAR 3.44 COMMUNITY FACILITY FAR 4.80 LANDMARK DESIGNATION No ELIGIBLE ABATEMENTS & EXEMPTIONS J-51 and MCI capital improvement abatement 215th St

201st St 15th Ave 17th Ave Lot 19 Lot 23 College Point 17th Rd 212th St 35 V 18th Ave ASSESSMENT (18/19) Clearview$1,433,780 Park Golf Course $1,373,750 Tax Class 2

S t

147th St h 19th Ave TAX RATE (18/19) 12.612% 12.612%

S t h

t 149th St 0 20th Ave h 9

t 3

9 1

1 t 20th Ave TAXES (18/19) $180,828 $173,257

1 S 23rd Ave

180’

d t

PSS VD 20th Rd 19 23 146 S

3 22nd Ave ABATED TAXES (18/19)* $128,238 $165,522 2 20th Ave h

t t t 1 t t

202nd St S S

S S

2 21st Ave

h h 1 h h 150th St t t t t TOTAL ABATED TAXES (18/19) $293,760

0 4

5 6

2 2 2 2 22nd Ave

1 1 146th St 1 1 23rd Ave t 21st Ave Whitestone Expy

S *Per department of finance. Takes into account the J-51 abatements on both lots and MCI abatement on Lot 19

t 175.01’ s 21st Rd

157th St

2 24th Ave

1 Whitestone Expy Willets Point Blvd Note: All square footages are approximate 22nd Ave 28th Ave BLOCK 23rd Ave 25th Ave 5003 24th Ave 25th Rd 26th Ave 24th Ave 24th Rd 29th Ave

166th St 213th St PROPERTY25th Ave DESCRIPTION 212th St

26th Ave 26th Ave 25th Dr 211th St VD 214th St Ulmer St 26th Ave 147th St 25th Dr

Originally constructed in 1929, 144-30 & 144-32 35th Avenue are210th St two contiguous, elevatored

28th Ave Bell Blvd 29th Ave 28th Ave apartment buildings27th Avemeasuring a combined 118,200 SF across (6) six stories. With 175’ of frontage along 35th Avenue, the two properties benefit from a spacious interior courtyard 29th Ave Bayside Ln Clearview Expy E 33rd Ave College Point Blvd FLUSHING FIELDS Linden Pl 33rd Rd 29th Ave 202nd St Bayside Ave offering improved light and air for the building’s204th St 116Clearview Expy residents.W In addition to the polished lobbies and landscaped courtyard, the building offers a 208thvariety St of amenities including four FLUSHING 150th Pl 201st St 205th St 32nd Ave Delta Arrivals Rd 31st Ave 31st Rd elevators, available storage spaces, andJordan St on-site laundry rooms. Each of the apartments is

160th St 33rd Ave

Murray Ln LEAVITTS PARK separately33rd Ave metered for electric and the buildilngs’ boiler burner was converted to a gas

153rd St

144-30 154th St

35TH 166th St Farrington St 34th Ave system in 2015. The unit167th St mix is made up of one34th (1) Ave studio , seventy-six (76) one-bedroom and

155th St 165th St 36th Ave 213th St 159th St 35th Ave 206th St

164th St 169th St Corporal Kennedy St 168th St thirty-nine (39) two-bedroom170th St apartments. 200th This St immaculately preserved prewar property LATIMER MUSEUM 209th St 171st St

Clearview Expy

157th St t 35th Ave 172nd St

Utopia Pkwy S is well positioned to take advantage top line rental growth as the building is currently

e 203rd St c

161st St n

Curtis St i 163rd St r 2 P TOWN HALL averaging approximately $27 per rentable square foot. Murray Hill Murray St

Parsons Blvd 41st Ave Union St 38th Ave Northern Blvd 149th Pl A continuously Crocheron developing Ave neighborhood – this property is surrounded by new projects 1 Bowne St including 1Flushing Commons, 2Flushing Square and the 3Tangram Development 37th Ave 162nd St

192nd St 41st Ave amongst others (see map). 144-30 35th Avenue provides a buyer with an opportunity to LIRR Station Rd 31st Dr 3 invest in rapidly expanding neighborhood with a variety of premier retailers, restaurants Barclay Ave

7 Main St. Subway 158th St 42nd Ave A 147th St and leisure destinations. Convenientlyu located in close proximity to Northern Boulevard

Beech Ave u Sanford Ave r 202nd St 43rd Ave n Clearview Expy d &

106th St 105th St and within 5 blocks of the a Main Street Subway & LIRR Flushing Main45th Rd Street Stations, 107th St College Point Blvd Murray Hill Cherry Ave l 126th St e

160th St 41st AveFlushing Main St n 45th Dr Willets Point Blvd quick transportation is available throughout the boroughs. Additionally, the LaGuardia

168th St

169th St 171st St 170th St Citi Field Franklin Ave International45th Ave Airport is an enviable172nd St 10 minute drive from the property206th St (3.4 miles).

196th St

165th St 189th St

156th St 112th St 193rd St

166th St 114th St 167th St 47th Ave 161st St 7

163rd St Maple Ave 164th St 46th Ave Bob Knakal Stephen Palmese Brendan Maddigan Burling St Colden St Bowne St Clearview Expy Smart St Chairman Vice46th Chairman Ave RockyVice Hill Rd Chairman Parsons Blvd Robinson St 47th Ave 38th Ave ASKING PRICE: $35,000,000Union St 7 Flushing Cemetery Laburnum Ave 917 509 9501 212 915 7233 212 915204th St 7234 39th Ave 45th Ave Hollis Court Blvd 196th St 159th St Kissena Blvd [email protected] [email protected] [email protected]

157th St Pidgeon Meadow Rd 41st Ave Avenue of Commerce

USTA Billie Jean King Tennis Center Francis Lewis Blvd Kissena Corridor Park 42nd Ave 50th Ave 205th St 203rd St Clearview Expy 190th St 202nd St 201st St 104th St Negundo Ave

48th Ave 192nd St Oak Ave Jonathan Hageman Winfield Clifford Nicole Daniggelis

Fresh Meadow Ln

195th St 53rd Ave 194th St 138th St For more information Rose Ave Managing Director Managing Director Associate

43rd Ave 45th Ave 108th St 46th Ave 57th Rd or inspection, please 212 812 5700 212 915 7236 212 915 7243 102nd St 44th Ave Kissena Park Avenue of Africa [email protected] [email protected] St 56th Ave [email protected] 47th Ave contactBooth Memorial Exclusive Ave Agents: 58th Rd Kissena Park Golf Course College Point Blvd Underhill Ave

Corona Ave 111th St 58th Ave

136th St Peck Ave Perimeter Rd Avenue of Asia DISCLAIMER 59th Ave 58th Ave

98th St Although information has been obtained from sources deemed60th Ave reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The St Marys Cemetery 99th St 59th Ave Flushing Meadows-CoronaProperty Park may be withdrawn without notice. Neither Owner61st Rd nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a Christie Ave Horace Harding Expy confidentiality agreement regarding this matter, thisReeves information Ave is subject to the terms of that agreement. ©2019. Jones Lang LaSalle IP, Inc. All rights reserved Otis Ave 97th St Horace Harding Expy

199th St

198th St

62nd Ave l Fresh Meadow Ln

Queens College B

Mt Hebron Cemetery s 65th Ave 185th St

n 184th St

Yellowstone Blvd s 183rd St r 197th St 182nd St Horace Harding Expy a

181st St

Horace Harding Expy 67th Ave 63rd Ave 63rd Rd

Horace Harding Expy Melbourne Ave t 110th St

62nd Dr 0

166th St 69th Ave 169th St 1 73rd Ave 63rd Dr

64th Ave Jewel Ave 7

1 h

t 99th St Meadow Lake Rd W t 62nd Dr 64th Rd 5 68th Dr S 65th Ave 6 Queens Blvd

1 193rd St 71st Ave d

Harry van Arsdale Jr Ave 7

65th Rd 1 180th St

179th St

Saunders St Jewel Ave 147th St 73rd Ave Booth St Main St 66th Rd Chevy Chase St 67th Ave 67th Rd 136th St 70th Rd 72nd Ave 175th St 150th St

173rd St Wetherole St 171st St 67th Dr 102nd St 68th Ave Kent St 75th Ave 68th Rd Union Tpke 144-30 & 144-32 35TH AVENUE QUEENS, NY 11354

REVENUE SUMMARY INCOME GROSS RENTS UNITS W/ BEDROOMS COUNT % AVG SF AVG PPSF AVG MONTHLY RENT AVG ANNUAL PREF RENTS Studio 1 1% 1 525 $34 $1,502 $18,023 1BR/1BA 76 66% 61 577 $33 $1,500 $17,996 2BR/1BA 39 34% 31 941 $23 $1,692 $20,304 Averages: 116 100% 93 699 $27 $1,563 $18,759

INCOME & EXPENSES Effective Gross Revenue $2,163,916 Less Expenses $984,395 NOI $1,179,521

Bob Knakal Stephen Palmese Brendan Maddigan ASKING PRICE: $35,000,000 Chairman Vice Chairman Vice Chairman 917 509 9501 212 915 7233 212 915 7234 [email protected] [email protected] [email protected]

Jonathan Hageman Winfield Clifford Nicole Daniggelis For more information Managing Director Managing Director Associate or inspection, please 212 812 5700 212 915 7236 212 915 7243 contact Exclusive Agents: [email protected] [email protected] [email protected]

DISCLAIMER: Although information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019. Jones Lang LaSalle IP, Inc. All rights reserved CONFIDENTIALITY AGREEMENT

Principal Name: ______

Title: ______

Company: ______

Address: ______

Email: ______

Phone Number: ______

RE: 144-30 & 144-32 35th Avenue, Queens, NY, BBL: 4 - 5003 – 19, 23 (“Property”)

WHEREAS, JONES LANG LASALLE AMERICAS, INC. (“JONES LANG LASALLE”) having offices at 200 East Randolph Drive, Chicago, Illinois 60601 acting on behalf of its client (“Client”), and ______(“Receiving Party”), having offices at, ______are engaged in business discussions of a sensitive nature pertaining to Client’s Property or any of its operations, which have or may require the disclosure by JONES LANG LASALLE to the Receiving Party of Client’s and JONES LANG LASALLE’s confidential and proprietary information, including without limitation the name of the Client, any information that Receiving Party has been informed is confidential or should reasonably know is confidential, all financial information, trade secrets and the fact that these discussions are taking place, hereinafter referred to as “INFORMATION”; and

WHEREAS, both parties wish to maintain the confidential and proprietary nature of the INFORMATION;

NOW THEREFORE, in consideration of the business discussions between the parties giving access to such INFORMATION, and in consideration of the mutual covenants and promises contained herein, the parties hereto agree as follows:

1. Receiving Party will notify each employee, agent, affiliate or consultant involved in the business discussions or who may have any occasion to view, handle, or obtain any of the INFORMATION, of the terms of this Agreement. Receiving Party further agrees that such INFORMATION will be made available only to those of its respective employees, agents, affiliates or consultants who are concerned with this subject.

2. Receiving Party, (including its employees, agents, affiliates and consultants) shall not disclose any INFORMATION it receives from JONES LANG LASALLE including data, drawings, information and other materials to any other person, firm or corporation, or use the INFORMATION for its own or any other party's benefit, except as contemplated by this Agreement. Receiving Party shall use as a minimum the same degree of care to avoid disclosure

Page 1 of 3 or use of the INFORMATION as it employs with respect to its own confidential and proprietary information of like importance.

3. INFORMATION shall not be deemed confidential and proprietary, and Receiving Party shall not have an obligation of confidentiality with respect to any INFORMATION (except for the name of the Client and the fact that negotiations are taking place) which:

a. is or becomes publicly known through no wrongful act of Receiving Party; or

b. is rightfully received from a third party without any restriction known to Receiving Party and without breach of this Agreement; or

c. is independently developed by an employee, affiliate or agent of Receiving Party who had no knowledge of or access to such INFORMATION; or

d. is approved for release by written authorization from JONES LANG LASALLE.

4. All INFORMATION provided or communicated by JONES LANG LASALLE to Receiving Party shall be and remain the property of JONES LANG LASALLE and/or Client, and such INFORMATION, and any copies thereof, shall be promptly returned to JONES LANG LASALLE upon written request from JONES LANG LASALLE and/or Client and shall remain confidential in accordance with this Agreement.

5. It is understood between the parties to this Agreement that neither party waives any rights in invention or development lawfully possessed by it at the time of disclosure. In addition, this Agreement does not imply any waiver of any right or action under the patent, trademark, copyright, unfair competition, fair trade or related laws.

6. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective subsidiaries, successors, assigns, legal representatives, and all corporations controlling them or controlled by them.

7. Receiving Party acknowledges and agrees that in the event of any breach of this Agreement, JONES LANG LASALLE or Client would be irreparably and immediately harmed and could not be made whole by monetary damages. It is accordingly agreed that JONES LANG LASALLE and Client, in addition to any other remedy to which it may be entitled in law or equity, shall be entitled to an injunction or injunctions to prevent breaches of this Agreement, and to compel specific performance of this Agreement, without the need for proof of actual damages. Receiving Party also agrees to reimburse JONES LANG LASALLE and/or Client for all costs and expenses, including attorneys’ fees, incurred by or in enforcing its obligation hereunder.

8. Receiving Party acknowledges and agrees that neither Client nor JONES LANG LASALLE nor any director, officer, employee, partner, member, agent, counsel or representative of Client or JONES LANG LASALLE, (collectively, the “Client Representatives”) make any representation or warranty whatsoever as to the accuracy or completeness of the INFORMATION. Any financial information and/or projections contained in the INFORMATION represent estimates based on assumptions believed to be reasonable under the circumstances, although they have not been

Page 2 of 3 independently verified, and no representation or warranty of any kind whatsoever (including, but not limited to, reasonableness, accuracy, or completeness) is made by Client or JONES LANG LASALLE or the Client Representatives. Client and JONES LANG LASALLE expressly disclaim any and all liability for representations or warranties, express or implied, regarding the INFORMATION; and Receiving Party agrees that neither Client nor JONES LANG LASALLE nor the Client Representatives shall have any liability to Receiving Party resulting from our or their use or reliance upon the INFORMATION.

9. BOTH PARTIES HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER IN CONTRACT, STATUTE, TORT (SUCH AS NEGLIGENCE), OR OTHERWISE) RELATING TO THIS AGREEMENT.

10. This Agreement embodies the entire understanding between the parties pertaining to the subject matter hereof. Any additions or modifications to this Agreement must be made in writing and must be signed by both parties.

11. The Receiving Party acknowledges and agrees that Client shall have all the same rights as JONES LANG LASALLE hereunder and that to the extent required JONES LANG LASALLE shall assign any and all rights hereunder to Client in order for Client to enforce the terms hereunder.

12. This Agreement is made under, and shall be construed according to, the substantive laws of the State of New York, U.S.A.

IN WITNESS WHEREOF, the parties agree that the effective date of this Agreement shall be ______.

______JONES LANG LASALLE AMERICAS, INC Signature

Name:

Title:

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