Ownership Requests Proposals 78 49,616 $1.447Mm

THE IVEY DELPH APARTMENTS 13-19 HAMILTON TERRACE, NEW YORK, NY 10031 Prestigious 6 Story, 78-unit Multifamily Elevator Building located in the Hamilton Heights Historic District | FOR SALE

PROPERTY INFORMATION

Block / Lot 2050 / 100 Lot Dimensions 79.17' x 119' (Irregular) Lot Size 9,639 Sq. Ft. (Approx.) Building Dimensions 79.17' x 109' (Irregular) Stories 6 Units 78 Building Size 49,616 Sq. Ft. (Approx.) Zoning R6A FAR 3.00 Assesment (19/20) $2,265,480 Real Estate Taxes (19/20) $285,722

78 49,616 $1.447MM HAMILTON HEIGHTS Units Gross SF Gross Income Location

PROPERTY DESCRIPTION

The Ivey Delph Apartments—aka 13-19 Hamilton Terrace—is a prestigious six-story balconies. The building is well maintained by a professional management elevator multifamily property located in the Hamilton Heights Historic District. company, and ownership recently installed both a new duel-fuel boiler and new intercom systems. Significant additional upside can be realized through unit The property was designed in 1948 by the renowned architect Vertner Woodson renovations, common area upgrades, major capital improvements and better Tandy and developed by Dr. Walter Ivey Delph, a prominent Harlem doctor. utilization of the significant amount open cellar space with amenities like storage Recognized as “the first large-scale project [built] by and for African Americans,” units, a bike room or exercise studio. the Ivey Delph Apartments was added to the National Register of Historic Places in 2005. Its architect, Vertner Woodson Tandy, was a graduate from the Cornell Located on a quaint, tree-lined street that is home to architecturally distinct School of Architecture in 1908 and was the first African American architect brownstones, The Ivey Delph Apartments is surrounded by some of Northern registered in New York. In addition to the Ivey Delph Apartments, he gained Manhattan’s most significant landmarks and institutions. In addition to being national prominence in designing Harlem’s Saint Philips Church between located just down the street from The Hamilton Grange National Memorial, 1910-1911. It was named as a New York City Landmark in 1993 and was added the property is a short walk from City College, the new Columbia University to the National Register of Historic Places in 2008. His influential design is also expansion, St. Nicholas Park, Riverbank State Park, and Jackie Robinson Park. recognized in the construction of Madam CJ Walker’s estate “Villa Lewaro,” which Convenient transportation is provided by the A/C/B/D subway lines at West 145th was completed in 1918 and named as a National Treasure in 2014. Street and the 1 train at Broadway and West 145th Street.

13-19 Hamilton Terrace is a 79’ wide, beige-brick and concrete building that Another unique and valuable feature of this property is its status as a National spans approximately 49,616 square feet. Its 78-units consist of 55 studio, 17 one- Landmark, which enables investors to receive 40% tax credits (20% federal and bedroom and 6 two-bedroom apartments. The unit mix consists of 15 free market 20% state) for qualifying capital improvements made to the asset. apartments, 32 apartments have preferential rents and 31 units are rent stabilized. The property also has a superintendent’s unit in the cellar and an expansive In addition to offering strong cash flow and implicit rental upside, The Ivey Delph amount of unused cellar space that can potentially be a valuable amenity space. Apartments’ historical and architectural significance make it a legacy-worthy Notably, the property’s Moderne post-war design contributed to the building’s addition to any portfolio. efficient unit layouts units and apartments on the B/C line enjoy spacious

OWNERSHIP REQUESTS PROPOSALS 212.544.9500 arielpa.nyc

For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info

Shimon Shkury x11 Victor Sozio x12 Michael A. Tortorici x13 Orry Michael x88 Marko Agbaba x32 Matthew Dzbanek x48 [email protected] [email protected] [email protected] [email protected] [email protected] [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 but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, 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 contained herein. 10 July 2019 7:41 pm THE IVEY DELPH APARTMENTS 13-19 HAMILTON TERRACE, NEW YORK, NY 10031 Prestigious 6 Story, 78-unit Multifamily Elevator Building located in the Hamilton Heights Historic District | FOR SALE

CURRENT ROLL EXPENSES (ESTIMATED) Scheduled Gross Income: $1,447,804 Real Estate Taxes (18/19) $285,722 Less Vacancy Rate Reserve (1.00%): ($14,478) Water & Sewer $66,300 Gross Operating Income: $1,433,326 Insurance $39,000 Less Expenses: ($580,156) 40% of SGI Fuel $49,616 Net Operating Income: $853,171 Gas & Electric $14,885 Repairs & Maintenance $39,000 Payroll $20,800 SCHEDULED INCOME Elevator Maintenance $7,500 UNIT TYPE # OF UNITS AVG. RENT $/UNIT MONTHLY INCOME ANNUAL INCOME Legal/Miscellaneous $14,333 Management $43,000 Studio 55 $1,508 $82,961 $995,536 GROSS OPERATING EXPENSES $580,156 1 BR 17 $1,621 $27,554 $330,645 2 BR 6 $1,614 $9,685 $116,224 UNIT TYPE & UNIT TYPE INCOME BREAKDOWN Laundry - - $450 $5,400 TOTAL MONTHLY INCOME $120,650 TOTAL ANNUAL INCOME $1,447,804

UNIT BREAKDOWN Unit Type Count STATUS TYPE # OF UNITS AVG. RENT $ / UNIT MONTHLY INCOME ANNUAL INCOME 71% Studio 55 FM 15 $1,750 $26,249 $314,988 22% 1 BR 17 RS 28 $1,246 $34,885 $418,615 8% 2 BR 6 Pref- RS 33 $1,728 $57,033 $684,395 TOTAL 78 SCRIE/DRIE 2 $1,017 $2,034 $24,406 Laundry - - $450 $5,400 MONTHLY INCOME $120,650 ANNUAL INCOME $1,447,804

MARKET RENT COMPARISON 7122+7x+

Unit Type Ammount Market Rent $50 69% Studio $995,536 $/SF 23% 1 BR $330,645 8% 2 BR $116,224 V.S. 0.4% Laundry $5,400 TOTAL $1,447,804 Subject Rent $34 $/SF

OWNERSHIP REQUESTS PROPOSALS 69212.544.9500 23+71x+ arielpa.nyc

For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info

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 but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, 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 contained herein. 10 July 2019 7:41 pm Bx7 to Riverdale/ 1 263 St via BRIDGE BROADWAY Riverdale Av Bx20 to

HENRY HUDSON BRIDGE 9 AV Riverdale/ 246 St via BAKER Henry Hudson Pkwy INWOOD HILL FIELD NATURE CENTRE

W 215 ST 1 INWOOD HILL PARK TERR WEST PARK ISHAM PARK

INWOOD 207 ST ISHAM ST TENTH AV TENTH

A W 207 St UNIVERSITY 207 St HEIGHTS DYCKMAN 1 NOUSE W 204 ST BRIDGE

DYCKMAN ST SEAMAN AV Bx12 to Bay Plaza ACADEMY ST VERMILYEA AV SHERMAN AV via Fordham Rd. and A BROADWAY Pelham Pkwy THE (To Orchard Beach summers only) CLOISTERN DYCKMAN ST MUSEUM W 201 ST INWOOD 1

ELLWOOD ST

RIVER SIDE DRIVE

PETER JAY SHARP FORT BOATHOUSE TRYON HILLSIDE AV PARK

1 W 191 ST FORT GERGEAV

A W 190 ST HENRY HUDSON PARKWAY W 190 ST

OVERLOOK TERRACE

FORT WASHINGTON AV W 186 ST BENNETT AV

YESHIVA RIVER HARLEM UNIVERSITY

CABRINI BLVD BROADWAY

1 181 ST

WADSWORTH AV WADSWORTH WASHINGTON A W 181 ST BRIDGE W 180 ST

W 179 ST

W 178 ST Bx3 Riverdale FORT W 179 ST 238 St - Bway W 178 ST W 177 ST WASHINGTON GRORGE WASHINGTON Bx11 to West PARK BRIDGE BUS STATION Farm Rd via 170 St Bx13 to Yankee W 175 ST Stadium via A HIGHBRIDGE Odgen Av WASHINGTON PARK Bx35 to West GEORGE WASHINGTON BRIDGELITTLE RED Farms Rd via 167 St

LIGHTHOUSE AV AUDUBON

BROADWAY Bx36 to Olmstead HEIGHTS Av/Randall Av

HARLEM RIVER DR

AMSTERDAM AV AMSTERDAM HAVEN AV

ST NICHOLAS AV NICHOLAS ST via 180 St

THE IVEYRIVERSIDE DR DELPH APARTMENTS 1 13-19 HAMILTONA TERRACE,C W 168 ST NEW YORK, NY 10031 Prestigious 6 Story, 78-unitWashington Multifamily hts Elevator Building located in the Hamilton Heights Historic District | FOR SALE 168 St

FORT WASHINGTON AV W 166 ST

N East side of Hamilton Terrace between West 141st StreetW 165and ST West 144th Street S

MORRIS-JUMEL W 163 ST MANSION C 168 ST Amsterdam Av

RIVERSIDE DR

HARLEM RIVER DRIVE

D ST NICHOLAS AVE RIVERSIDE DR B 1 W 157 ST 157 ST EDGECOMBEAV MACOMBS B D DAM BRIDGE W 155 ST AUDUBON C

TERRACE 155 ST

148TH ST / LENOX TERMINAL STATION 2050 100 79.17’W 150 X ST 119’ 9,639 W 150 ST JACKIE 3 Block Lot Lot Dimensions Lot AreaROBINSON SF PARK

HARLEM RIVER DR W 147 ST W 147 ST A C 145 ST W 146 ST 2

B D AVE EDGECOMBE 1 AVE BRADHURST 145 ST BRIDGE W 145 ST W 145 ST 3 Subject Property 145 ST ST NICHOLAS AVE W 143 ST

RIVERBANK AVE CONVENT STATE PARK HAMILTON

BROADWAY GRANGE NATIONAL W 139 ST W 139 ST HAMILTON PL MEMORIAL AMSTERDAM AV AMSTERDAM MADISON AV BRIDGE

W 137 ST AVE W 137 ST A C TH METRO 4NORTH

1 5 137 ST CITY COLLEGE B 5 135 ST W 135 ST 6

W 135 ST ST NICHOLAS HUDSON RIVER HUDSON PARK 2 3 THE BRONX

135 ST MADISON AVE MADISON

LENOX AVE LENOX Bx15 from Fordham Plaza W 131 ST 3 AV BRIDGE MANHATTANVILLE W 130 ST Bx15 to Fordham CAMPUS BLVD DOUGLASS FREDERICK Plaza via Third Av W 129 ST RIVERSIDE DR 1 125 ST

ADAM CLAYTON POWELL JR BLVD JR POWELL CLAYTON ADAM WILLIS AV BRIDGE

W 127 ST A C ROBERT F. KENNEDY BRIDGE OWNERSHIP REQUESTSDR MARTIN PROPOSALS LUTHER KING BLVD HARLEM 212.544.9500 B D W 126 ST 4 5 6 E 126 ST 125 ST 2 3 arielpa.nycMETRO ROBERT F. KENNEDY BRIDGE

CLARENONT AV CLARENONT NORTH W 125 ST Q Т

For More Information PleasePARK Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info

RIVERSIDE E 124 ST

BROADWAY W 124 ST Shimon Shkury x11 Victor Sozio x12 Michael A. Tortorici x13 Orry Michael x88 Marko Agbaba x32 Matthew Dzbanek x48 PALADINO AV PARK AV PARK RANDALL’S [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] GRANT’S Ave Lenox GARVEY TOMB PARK E 122ND ST ISLAND

ST NICHOLAS AV

1 AV 1 MT MORRIS PARK W PARK MORRIS MT 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 but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, E 120 ST buildable footage estimates and indicated uses must be independently verified.W Vacancy120 factors ST used herein are an arbitrary percentage used only as an example, and doesST not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates

and assumptions made below, 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 contained herein. 10 July 2019 7:41 pm 2 AV 2 NICHOLAS AV 3 EAST

COLUMBIA MORNINGSIDEAV 118 ST HARLEM UNIVERSITY AV MANHATTAN ICAHN

117 St 116 St 6 5 AV 5

B C 2 3 AV PLEASANT STADIUM

AMSTERDAM AV AMSTERDAM W 116 ST E 116 ST W 116 ST 1 AV LEXINGTON 116 St MORNINGSIDE Columbia PARK W 116 ST A

University V FREDERICK DOUGLASS BLVD DOUGLASS FREDERICK

W 113 ST JEFFERSON CATHEDRAL W 112 ST E 112 ST PARK Cathedral Central Park Cathedral OF ST JOHN North (110 St) Pkwy (110 St) Pkwy (110 St)

2 3 THE DIVINE DR MORNINGSIDE 1 B C E 110 ST E 110 ST 6 WARD’S CENTRAL PARKDANA DISCOVERY 110 ST

BROADWAY CENTRAL ISLAND NORTH HARLEM RIVERSIDE MEER DUKE ELINGTON BLVD W 106 ST LASKER E 106 ST E 106 ST PARK Q Т RINK E 105 ST

W 105 ST EL MUSEO DEL FDR DRIVE FDR W 104 ST BARRIO E 104 ST MUSEUM OF THE 6 ROBERT F. KENNEDY BRIDGE W 103 ST 1 W 103 ST B C 103 ST 103 ST 103 ST CITY OF NEW YORK E 102 ST

RIVERSIDE DR RIVERSIDE W 101 ST NORTH E 100 ST W 100 ST MEADOW M60 LaGuardia 5 AV 5 Airport

W 97 ST W 97 ST E 97 ST

W 96 ST CENTRAL PARK E 96 ST E 96 ST 96 ST B C Q Т 1 2 96 ST 6 96 ST 3 E 94 ST

JEWISH MUSEUM E 92 ST

BROADWAY 1 AV 1 RESERVOIR AV 2 E 91 ST W 91 ST AV 3

COOPER-HEWITT AV PARK

LEXINGTON AV LEXINGTON MADISON AV MADISON

WESTEND AV WESTEND MUSEUM

NATIONAL ACADEMY E 89 ST

CENTRAL PARK WEST PARK CENTRAL GRACIE COLUMBUS AV COLUMBUS MUSEUM AMSTERDAM AV AMSTERDAM MANSION GUGGENHEIM 86 ST W 87 ST MUSEUM 4 5 Q Т 6 CARL UPPER W 86 ST E 86 ST SCHURZ 86 ST B C PARK 1 WEST 86 ST YORKVILLE GREAT E 84 ST CHILDREN’S SIDEW 83 ST LAWN E 83 ST E 83 ST MUSEUM OF 81 St - Museum of Natural History METROPOLITAN MANHATTAN AV YORK B C MUSEUM AV END EAST W 81 ST OF ART HAYDEN BELVEDERE CASTLE PLANETARIUM NATURE CENTRE E 80 ST 79 ST BOAT W 79 ST AMERICAN E 79 ST E 79 ST MUSEUM OF BASIN 1 AV 5 NATURAL JOHN RIVERSIDE DR RIVERSIDE 79 ST HISTORY W 77 ST E 77 ST JAY ROOSEVELT 6 UPPER PARK NEW-YORK 77 ST HISTORICAL SOCIETY WHITNEY EAST ISLAND QUEENS W 75 ST MUSEUM E 75 ST LAKE SIDE 72 ST 1 2 AV LEXINGTON Q Т Q102 to Astoria B C E 72 ST 3 W 72 ST E 72 ST 27 Av - 2St ASIA SOCIETY E 71 ST FRICK 68 St E 70 ST

W 70 ST AV 3 BROADWAY COLLECTION Hunter

College MAIN ST 6 E 68 ST

HUNTER COLLEGE FDR DRIVE

SHEEP E 67 ST FREEDOM PL FREEDOM

RIVERSIDE BLVD RIVERSIDE MEADOWN W 66 ST W 66 ST ROCKEFELLER 1 E 65 ST

W 65 ST UNIVERSITY

YORK AV YORK

MADISON AV MADISON 1 AV 1 66 St Lincoln Ctr AV 2 LINCOLN CENTRAL PARK ZOO AV PARK F 63 ST CENTRE E 63 ST E 63 ST WOLLMAN RINK Lexington F F Av / 59 St ROOSEVELT Lexington W 62 ST A C POND N Q ISLAND N Q 5 Av / 59 St Av / 63 St Q32 to Jackson Heights CENTRAL R E 61 ST R B D N Q TRAMWAY 81 St - Northen Blvd 1 E 60 ST E 60 ST PARK SOUTH R ED KOCH QUEENSBORO BRIDGE Q30 to Jamaica FORDHAM 59 St 109 Av - 157 St

AMSTERDAM AV AMSTERDAM Columbus E 59 ST WESTEND AV WESTEND UNIVERSITY COLUMBUS Circle 59 St CIRCLE Q101 to Astoria W 58 ST 4 5 Q N F 19 Av - Hazen St JOHN JAY 6 E 57 ST E 57 ST W 57 ST COLLEGE W 57 ST R W 57 ST CARNEGIE HALL SUTTON HUDSON E 55 ST RIVER Lexington PARK B D MUSEUM OF Av / 53 St PLACE W 54 ST E M E MODERN ART AV PARK DE WITT AV 7 W 53 ST E 53 ST E 53 ST CLINTON W 53 ST E M E M PARK AV 8 5 Av / 53 St 6 51 St PIER 92 MIDTOWN C E 1 RADIO CITY E 50 ST PIER 90 W 50 ST W 50 ST CLINTON E 49 ST PASSENGER SHIP W 49 ST W 49 ST TERMINAL 49 St N Q B D ROCKEFELLER TURTLE E 48 ST

INTREPID V R F M CENTER E 47 ST

A W 47 ST SEA-AIR-SPACE 47-50 Sts GRAND BAY 2 Rockefeller Ctr

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PIER 86 TERMINAL

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FERRIES TO W 38 ST

PARK AV PARK

3 AV 3

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W 28 ST AV 7

8 AV 8

9 AV 9 10 AV 10 11 AV 11 28 St M15 N R WATERSIDE W 27 ST FASHION E 26 ST PLAZA W 26 ST W 26 ST INSTITUTE OF EAST RIVER TECHNOLOGY MADISON E 25 ST W 25 ST

12 AV 12 AV 6 SQUARE 23 St 23 St PARK 23 St E 24 ST W 24 ST LINE HIGH W 24 ST C E F M PATH 6 E 23 ST W 23 ST W 23 ST E 23 ST BARUCH 1 N R COLLEGE 23 St FLATIRON PETER COOPER 23 St PIER 63 VILLAGE FDR DRIVE NY WATER TAXI W 21 STCHELSEA BROADWAY GRAMERCY DISTRICT PARK E 20 ST E 20 ST W 20 ST GRAMERCY CHELSEA W 19 ST

PIERS W 18 ST 1 W 18 ST SOUTH AV PARK E 18 ST 18 St W 17 ST STUYVESANT UNION STUYVESANT TOWN W 16 ST SQUARE E 16 ST SQUARE 14 St PARK PARK A C E F M 14 St PATH

WEST ST WEST W 14 ST W 14 ST E 14 ST 14 St L L 8 Av 1 2 L N Q 4 5 L L 6 14 St 3 Avenue 1 Avenue HIGH LINE 3 6 Av R Union Sq GREENWICH AV

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MOTT ST MOTT F LOWE

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BATTERY M15 Local 4 5 SLIP 6 PARK NY WATER TAXI South Ferry 1

FERRIES TO: ELLIS ISLAND, PIER 5 STATUE OF LIBERTY FERRIES TO STATEN ISLAND (ST. GEORGE) THE IVEY DELPH APARTMENTS 13-19 HAMILTON TERRACE, NEW YORK, NY 10031 Prestigious 6 Story, 78-unit Multifamily Elevator Building located in the Hamilton Heights Historic District | FOR SALE

RENT ROLL # OF ACTUAL/ LEGAL PREF MONTHLY LEASE UNIT BEDROOMS STATUS PROJECTED RENT CREDIT RENT EXPIRATION 1A 2 BR FM Actual N/A - $2,350 06/30/2020 1B Studio Pref- RS Actual $1,874 ($124) $1,750 06/14/2020 1C Studio Pref- RS Actual $2,407 ($797) $1,610 06/30/2020 1D 1 BR RS Actual $1,015 - $1,015 08/31/2020 Projected, Lease 1E Studio Pref- RS Renewal in Progress $2,241 ($616) $1,625 07/31/2020 1F Studio RS Actual $1,063 - $1,063 6/30/2019 1G Studio SCRIE/DRIE Actual $1,037 - $1,037 10/31/2020 1H Studio Pref- RS Actual $1,895 ($45) $1,850 05/31/2020 1I Studio RS Actual $1,066 - $1,066 06/30/2020 1J Studio RS Actual $1,703 - $1,703 09/30/2020 Projected, Lease 1K Studio Pref- RS Renewal in Progress $1,810 ($185) $1,625 06/30/2020 1L Studio RS Actual $1,042 - $1,042 5/31/2020 1M 1 BR Pref- RS Actual $1,953 ($3) $1,950 10/31/2019 2A 2 BR RS Actual $1,082 - $1,082 07/31/2020 Projected, Lease 2B 1 BR - Balcony Pref- RS Renewal in Progress $2,642 ($612) $2,030 08/31/2020 2C Studio - Balcony RS Actual $1,699 - $1,699 02/28/2021 2D 1 BR RS Actual $921 - $921 07/31/2020 2E Studio Pref- RS Actual $2,481 ($881) $1,600 02/29/2020 2F Studio RS Actual $794 - $794 09/30/2020 2G Studio RS Actual $1,498 - $1,498 02/28/2021 2H Studio Pref- RS Actual $2,005 ($405) $1,600 07/31/2019 2I Studio RS Actual $1,423 - $1,423 6/30/2020 2J Studio Pref- RS Actual $2,712 ($1,227) $1,485 10/31/2019 2K Studio RS Actual $1,099 - $1,099 05/31/2020 2L Studio FM Actual N/A - $1,624 07/31/2019 2M 1 BR FM Actual N/A - $1,950 01/14/2020 3A 2 BR Pref- RS Actual $2,420 ($420) $2,000 05/31/2020 Projected, Lease 3B 1 BR - Balcony RS Renewal in Progress $1,695 - $1,695 08/31/2020 Projected, Lease 3C Studio - Balcony Pref- RS Renewal in Progress $1,811 ($35) $1,776 08/31/2020 3D 1 BR RS Actual $1,109 - $1,109 04/30/2021 3E Studio Pref- RS Actual $2,159 ($534) $1,625 01/31/2020 3F Studio RS Actual $1,011 - $1,011 7/31/2020 3G Studio RS Actual $1,244 - $1,244 10/31/2019

*Please inquire for further details regarding rental income

OWNERSHIP REQUESTS PROPOSALS 212.544.9500 arielpa.nyc

For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info

RENT ROLL # OF ACTUAL/ LEGAL PREF MONTHLY LEASE UNIT BEDROOMS STATUS PROJECTED RENT CREDIT RENT EXPIRATION Projected, Lease 3H Studio Pref- RS Renewal in Progress $2,894 ($1,244) $1,650 7/31/2020 3I Studio FM Actual N/A - $1,675 10/31/2020 3J Studio FM Actual N/A - $1,650 08/31/2019 Projected, Lease 3K Studio Pref- RS Renewal in Progress $2,545 ($871) $1,675 08/31/2020 3L Studio RS Actual $1,395 - $1,395 03/31/2020 3M 1 BR RS Actual $1,112 - $1,112 2/29/2020 4A 2 BR RS Actual $1,189 - $1,189 10/31/2020 4B 1 BR - Balcony RS Actual $1,803 - $1,803 06/30/2020 4C* Studio - Balcony Pref- RS Actual $2,541 ($441) $2,100 03/31/2020 4D 1 BR Pref- RS Actual $2,346 ($421) $1,925 07/01/2020 4E Studio FM Actual N/A - $1,675 08/17/2019 4F* Studio FM Actual N/A - $1,625 04/30/2020 4G Studio Pref- RS Actual $1,337 ($124) $1,213 5/31/2018 4H Studio Pref- RS Actual $2,028 ($618) $1,410 11/30/2019 Projected, Lease 4I Studio Pref- RS Renewal in Progress $1,920 ($271) $1,649 07/31/2020 Projected, Lease 4J Studio FM Renewal in Progress N/A - $1,650 8/31/2020 4K Studio FM Actual N/A - $1,675 02/26/2020 4L Studio RS Actual $974 - $974 09/30/2019 4M 1 BR RS Actual $1,081 - $1,081 09/30/2020 Projected, Lease 5A 2 BR Pref- RS Renewal in Progress $2,439 ($372) $2,068 08/31/2020 5B 1 BR - Balcony Pref- RS Actual $2,435 ($200) $2,235 04/30/2020 5C Studio - Balcony FM Actual N/A - $1,765 04/30/2020 5D 1 BR FM Actual N/A - $1,860 04/30/2021 5E Studio RS Actual $1,800 - $1,800 05/31/2020 Projected, Lease 5F Studio Pref- RS Renewal in Progress $2,844 ($1,296) $1,548 08/31/2020 5G Studio Pref- RS Actual $2,617 ($1,072) $1,545 04/30/2021 5H Studio Pref- RS Actual $1,903 ($253) $1,650 09/30/2019 5I Studio RS Actual $1,515 - $1,515 02/29/2020 5J Studio Pref- RS Actual $2,154 ($619) $1,535 06/30/2021 5K Studio FM Actual N/A - $1,675 01/18/2020 5L Studio Pref- RS Actual $2,551 ($856) $1,695 01/31/2021 5M 1 BR FM Actual N/A - $1,750 05/31/2020 6A 2 BR SCRIE/DRIE Actual $997 - $997 09/30/2019

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OWNERSHIP REQUESTS PROPOSALS 212.544.9500 arielpa.nyc

For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info

RENT ROLL # OF ACTUAL/ LEGAL PREF MONTHLY LEASE UNIT BEDROOMS STATUS PROJECTED RENT CREDIT RENT EXPIRATION Projected, Lease 6B 1 BR - Balcony Pref- RS Renewal in Progress $2,515 ($459) $2,055 08/31/2020 6C* Studio - Balcony Pref- RS Actual $2,317 ($179) $2,138 4/30/2020 6D 1 BR Pref- RS Actual $2,050 ($96) $1,954 01/31/2020 6E Studio RS Actual $1,180 - $1,180 03/31/2020 Projected, Lease 6F Studio Pref- RS Renewal in Progress $2,384 ($659) $1,725 07/31/2020 6G Studio Pref- RS Actual $2,444 ($794) $1,650 06/14/2020 6H Studio RS Actual $1,206 - $1,206 12/31/2020 6I Studio RS Actual $1,056 - $1,056 4/30/2020 6J Studio FM Actual N/A - $1,625 02/29/2020 6K Studio Pref- RS Actual $1,319 ($232) $1,087 07/31/2020 6L Studio FM Actual N/A - $1,700 06/30/2019 6M 1 BR RS Actual $1,108 - $1,108 07/31/2021 Laundry - - - - - $450 - TOTAL MONTHLY INCOME $120,650 TOTAL ANNUAL INCOME $1,447,804

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OWNERSHIP REQUESTS PROPOSALS 212.544.9500 arielpa.nyc

For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc For Financing Info