EXCLUSIVE OFFERING MEMORANDUM 1537 I ±3,300 SQUARE FOOT, THREE-STORY WALK-UP MIXED-USE BUILDING, FLATBUSH, BROOKLYN, NY 1537 NOSTRAND AVENUE

Executive Summary 3 Financial Overview 4 Points of Interest 6 Location Description 7 Location Map 9 Transportation Map 10 Confidentiality & Disclaimer 11

1537 NOSTRAND AVENUE

CONTACTS

Jacob Tzfanya Brad Cohen Jon Kamali Senior Vice President Senior Vice President Senior Associate [email protected] [email protected] [email protected] +1 212 984 8298 +1 212 984 8299 +1 212 984 8318

CBRE | 200 PARK AVENUE | NEW YORK, NY 10166 | WWW.CBRE.US EXECUTIVE SUMMARY

As exclusive agent, CBRE is pleased to present for sale 1537 Nostrand Avenue, Flatbush, Brooklyn (the “Property”), a ±3,300 square foot, three-story walk-up mixed-use building. The Property is located on the east side of Nostrand Avenue between Snyder Avenue and Tilden Avenue. The ±20’ foot wide building contains two 3 bedroom/1 bathroom apartments, both of which are free market, and a ground floor commercial space. The building is fully leased.

The offering presents an opportunity for investors to acquire a fully leased mixed-use building in excellent physical condition. The Property is very well located 2 blocks from the Church Avenue 2 and 5 train station. The Property is a short walking distance to the Church and commercial corridors and in proximity to Prospect Park, Kings County Hospital, SUNY Downstate and Kingsbrook Jewish Medical Centers and Brooklyn College.

PROPERTY OVERVIEW

Address 1537 Nostrand Avenue, Brooklyn, NY 11226 Location East side of Nostrand Avenue between Snyder Avenue and Tilden Avenue in the Flatbush neighborhood of Central Brooklyn Block/Lot 4901 / 71 Lot Dimensions 20’ x 80’ Lot Area 1,600 square feet Building Dimensions 20’ x 55’ Building Area 3,300 square feet Stories 3 Transportation Subway: 2 blocks from the Church Avenue station with 2 and 5 train express subway service Bus: 1 block from MTA bus service (Nostrand Avenue), 2 blocks from MTA bus service (Church Avenue) Zoning R6 Real Estate Taxes (18/19) $8,110 BLOCK 4901 EAST 31ST STREET

Total Income $97,375 E E U U N

$29,156 N Total Expenses E E V V A

Net Operating Income $68,218 A

R N E E

Asking Price $1,700,000 D 71 N Y D I L T Cap Rate 4.0% S $ PSF $515 NOSTRAND AVENUE

3­ | 1537 NOSTRAND AVENUE FINANCIAL OVERVIEW

PROPERTY & AREA SUMMARY Block / Lot 4901 / 71 Zoning District R6 Building Class S2 [2 Family + Store or Office] Lot Dimensions 20' x 80' Tax Class 1 Lot Area 1,600 Building Dimensions 20' x 55' Building Footprint 1,100 Residential Use Community Facility Stories 3 FAR 2.43 4.8 Existing Building Height 35' ZFA 3,888 7,680 Gross SF 3,300 Residential Unit Count 2 Loss Factor (Est.) 12% Unused Dev Rights 588 Max Base / Building Height Rentable SF 2,912 45' / 55'

RENT ROLL

Unit Tenant Status Estimated RSF Layout In-place Monthly Rent In-place Annual Rent $ / SF Lease Expiration Commercial Le Silhouette Spa Leased 700 Ground + Partial Basement $2,898 $34,776 $49.68 7/31/2021 2nd Floor Residential Tenant FM 1,106 3 BR/1 BA $2,500 $30,000 $27.12 6/30/2018 3rd Floor Residential Tenant FM 1,106 3 BR/1 BA $2,575 $30,900 $27.94 6/30/2018 Total 2,912 $7,973 $95,676 $33

REAL ESTATE TAX REIMBURSEMENT

Base Year Base Year RET Amount Current Year Current RET Amount Increase Pro Rata Share RET Reimbursement 2016/2017 $5,863 2018/2019 $8,110 $2,247 40% $898.80

4­ | 1537 NOSTRAND AVENUE FINANCIAL OVERVIEW

INCOME & EXPENSES Income In-Place Commercial Income $34,776 Residential Income $60,900 RE Tax Reimbursement Income $899 Other Income 1 $800 Total Income $97,375

Expenses Amount $ / SF / Unit / Month Real Estate Taxes (2018/2019) $8,110 $2.46 Water & Sewer $2,700 $900 Insurance $5,000 $1.52 Common Area Electric $825 $0.25 Heating $3,300 $1.00 Superintendent $4,800 $400 Repairs & Maintenance $1,500 $500 Management Fee (3%) $2,921 $0.89 Total Expenses $29,156 OpEx Ratio --> 29.9%

Net Operating Income $68,218

Notes 1 Other income includes commercial tenant heating cost reimbursement.

5­ | 1537 NOSTRAND AVENUE POINTS OF INTEREST

Kings County Hospital Center Beth Israel Medical Center Target At The Junction

Lefrak Center At Lakeside Brooklyn College (CUNY) Medgar Evers College

6­ | 1537 NOSTRAND AVENUE LOCATION DESCRIPTION

1537 Nostrand Avenue is located in the Flatbush neighborhood of Central Brooklyn. Several new development projects that are underway in the immediate area of the Property contribute to the wave of reinvestment that is taking place in addition to several other notable institutional, cultural and commercial destinations that have had a longstanding presence in the neighborhood.

NOTABLE DEVELOPMENT PROJECTS

• 626 Flatbush Avenue, 254 unit residential tower near the southeast corner of Prospect Park developed by Hudson Company • 123 Parkside Avenue, 119 unit new residential development in Flatbush/Lefferts Gardens developed by Clipper Equity and Chetrit Group • 2242-2260 Church Avenue, a new mixed-use office and retail redevelopment • 1580 Nostrand Avenue, a new construction 153 unit apartment building developed by Hello Living

OTHER NEIGHBORHOOD DESTINATIONS

• Kings County Hospital Center is the largest of several major healthcare facilities in the immediate area including SUNY Downstate Medical Center, Brookdale Hospital Medical Center, Kingsbrook Jewish Medical Center and Kingsboro Psychiatric Center. Collectively these medical centers are major employment centers in the neighborhood and are all within close proximity to 242-250 Parkside Avenue.

• The City University of New York (CUNY) Medgar Evers College is located off of Bedford DESTINATION RETAIL Avenue and approximately 5,000 students are enrolled in the college’s bachelor and associates degree programs, which are divided into four schools: The School of Target Blink Fitness Business, The School of Professional and Community Development, The School of Home Goods Stop & Shop Liberal Arts and Education and The School of Science, Health and Technology. The school is a major employer in the neighborhood and is near the Property. Men’s Warehouse Bally Total Fitness • The Property is located within convenient walking distance to multiple mass The Children’s Place Lowes Theater transportation options including 2, 5, and Q train service. The multiple transit lines Applebees Petland which service the neighborhood provide access to points throughout including major business districts in Downtown Brooklyn and Manhattan. The Payless Shoes Rainbow subway service also provides access to other parts of North and South Brooklyn that Verizon Wireless Ashley Stewart have experienced tremendous growth in the past 10 years. Subway service in the neighborhood is complimented by several New York City Bus lines which access the AT&T Staples neighborhood, including the B12 and which is directly across from the Property. Party City

7­ | 1537 NOSTRAND AVENUE LOCATION DESCRIPTION

• In addition to the vibrant Flatbush Avenue commercial district, the sub- MAJOR NEIGHBORHOOD EMPLOYMENT DRIVERS market is well-served by the commercial hub known as the Junction that features a mix of retailers and located at the intersections of Flatbush and Kings County Hospital Center Kingsboro Psychiatric Center Nostrand Avenues. The area’s retail offerings consist primarily of national SUNY Downstate Medical Center City University of New York (CUNY) retailers, fast-food chains, ethnic restaurants, neighborhood service retailers, delis, discount stores, drug stores, grocery stores and markets. Brookdale Hospital Medical Center Mt. Sinai Beth Israel Brooklyn Kingsbrook Jewish Medical Center • The Property is located one block from Prospect Park, the Frederick Law- Olmstead designed 526 acre park in the heart of Brooklyn that rivals the popularity of Manhattan’s Central Park. Prospect Park also features some RECREATION & CULTURAL of New York’s most beloved and visited cultural institutions such as the Prospect Park Brooklyn Botanical Gardens Brooklyn Museum, Brooklyn Public Library, Brooklyn Botanical Gardens, Prospect Park Zoo and Lefrak Center at Lakeside. Brooklyn Museum Prospect Park Zoo • The City University of New York (CUNY) is located off Flatbush Avenue and Brooklyn Public Library Lefrak Center at Lakeside serves as the neighborhood’s largest public university with an enrollment of ±7,000 undergraduate and graduate students. The area surrounding CUNY is well served by local and national retailers, establishments and 2, 5 express subway service at Flatbush and Nostrand Avenues.

8­ | 1537 NOSTRAND AVENUE LOCATION MAP

Kings County Hospital Center opt a

ENUE CLARKSON AV

N

N NOX ROAD E LE R O W

O B S

Y G E T F

O R D L E

A R A F R

T O N K S

BU

D R

A A

D VE V A S

E V H A

N N E V O

A U N U E

C V E N E U

E E

U E

A N

E

N UE

A

V E E M 2 5 N CHURCH AVENU

U

E

PS 6 1537 NOSTRAND AVENUE PS 181

TILDEN AVENU

Kings Theatre

AD 2 5 BEVERLEY RO M

9­ | 1537 NOSTRAND AVENUE

k a r ORCHARD Wake eld PELHAM t m BEACH Wake eld BAY A 241 St PARK WES TCHES TER B A 2 Y C EASTCHESTER THE B R ONX H E S T T E R S Eastchester B Nereid Av A 33 R V 2 Dyre Av O 2• 5 A D 5 Riverdale W A Woodlawn Y 233 St 2• 5 Baychester Av CO-OP

M 5 225 St 22 S T CITY O h 2 t with bus and railroad connections S r • H o 2 5

O N - L o U r t

Van Cortlandt Park e 219 St BAYCHESTER

M • THE 242 St Key

VAN 2 5 Y Woodlawn V

1 A CORTLANDT P A I K 4 E

N W W K Y CITY P D RIVERDALE D PARK Gun Hill Rd R Gun Hill Rd BRONX The subway operates 24 hours a Local service only Y U

A Williams E A W O B ISLAND L S Y P

O • 5 K K 2 5 V W day, but not all lines operate at all Rush hour line I R Bridge A K

E A R S P P W P All trains stop (local N

N O M A B H T A N E R H times. Call our Travel Information extension D D L VAN C OR T L ANDT Mosholu Pkwy E Norwood I L E E and express service) O T D P E G L E A S D E A

N 238 St I 4 Center at 511 for more information A D R 205 St

P N 231 S T C V U B L

A

E 1 Pelham Bay Park V N A in English or Spanish (24 hours) or H A I D L

I

A N KINGSBRIDGE I A N P

Y 6 V W Burke Av B S S ask an agent for help in all other R IR

• R E N 2 5 D D Accessible E 231 St R languages (6AM to 10PM). Bedford Pk Blvd N Statio H Bedford Pk Blvd W n 1 • Buhre Av O station Lehman College B D E T Name Spuyten 2 L 25 S T Allerton Av 6 D • Free subway transfer Duyvil Marble 4 Pelham Pkwy ID A B Metro-North Marble Hill 2• 5 M Hill 225 St Botanical Garden 5 Free out-of-system H Bus or AIRTRAIN N E U O DG 1 T subway transfer S I Kingsbridge Rd Middletown Rd C to airport D B R H U E (excluding single-ride Y • IN visit www.mta.info H G A Kingsbridge Rd V B D 6 D W S Y I D A Police Pelham Pkwy Morris Park O ticket) R R A N O 4 E N B R V • 5 A E M B 2 5 Full time service H O R E R Fordham Rd T Bus to airport E S E Part time service J Fordham INWOOD • W E Westchester Sq 215 St S B D Terminal Fordham Rd H H P HILL PARK R I V C K D BRONX Bronx Park T A East Tremont Av W 1 R U FORDHAM E T T To show service more clearly, geography AM 4 N S Y H O West ZOO P Amtrak O E R D East L 6 F O C M W Y on this map has been modi ed. Commuter rail service UNIVE R S IT Y HT S B R A R E W N • Inwood E 2 5 IN T P 207 St 183 St O Farms S E X University Tremont E Y C 182–183 Sts R 207 St Zerega Av M THROGS A 1 4 D Heights D • A W e B D 180 S T N S 6 D t NECK r T This map depicts weekday service. A S A o Burnside Av q L R O - A A Castle Hill Av R BRIDGE R N E G E 180 St W Z N B o 4 v E On weekends and late nights, these routes change: R PARKCHESTER Dyckman St K

r 6 Dyckman St 2 • • E R C t Tremont Av 2 5 E

h U Tremont 5 N G V R A • C FORT TRYON 1 southbound only B D T R E E C R OS S B R ON A B A M ON X E XP T AV WY A PARK T A C S V Morris 176 St TREMONT H V Parkchester A Weekends A S 191 St I L R T L

4 D 190 St O HIGHBRIDGE Heights 6 E 1 174–175 Sts H H A Manhasset St Lawrence Av I B A C PARK 174 St L R • V I

F B D E W L ON

N O Mt Eden Av • L 6 A H 2 5 D V X-W

R I T E T B WAS HING T ON B R IDG E E T S R 4 HIT R B P No service- Delancey St/ Local in 181 St 181 St R No service- Dyre Av– W L V O rush Morrison Av ID EST A A A A HAM IL T ON B R IDG E I G GEO. WASHINGTON A 1 N use C D Q Essex St– Manhattan, use NR Bowling Green S E ON D 170 St hours A Soundview S M

H H

BRIDGE W 170 St V S R E Metropolitan Av via Manhattan h

A O I D N t U A 4 6

r D • N G a D Y W B D o Freeman St R HIGH- VI Bridge LIRR T

N E E E Elder Av W O r - • T 2 5 BRIDGE B A N o V

r S l S 175 St A t MORRISANIA 6 Late nights (midnight to 6am, daily) T e V M e E SOUNDVIEW A

M A 167 St R Whitlock Av m 167 St

A Yankee 4 • 6 42 St V s WASHINGTON B D Simpson St P O

s A N R R HEIGHTS 168 St • e W 1 2 5 r S H O Auburndale • • • i 6 p Local, 207 St– No service- Local No service- Local in Myrtle Av– No service- Amtrak A C 1 A C I N Sta 1 T x S v St E e Little F B Far Rockaway. use A service use A D Q Brooklyn Metropolitan Av use 7 S R e d Melrose Great T B T L iu n I Intervale Av V

V O Neck W r Euclid Av-Leerts Shuttle RIVERSIDE PARK 163 St–Amsterdam Av m o D Douglaston E N Neck • • i Auburndale Bayside A t R D d 2 5 Hunts Point Av E LIRR S C Yankees- • c Blvd Shuttle S E H 4 e I rush r 6 X D t E153 St i P A Prospect Av E S hours e d W V • D St 5 D Longwood Av • k 5 5 St–Gran 2 5 a Y R B 157 St 5 1 e 6 1 Jackson Av p 149 ncours r 1 C s s o • 5 u s e C • o s pr • 4 THE HUB 2 5 h rection ex e C hour peak di 2 h r rush us L E r p E 149 St A x Local, via Local Whitehall St- No service- Local R 148 St– Local, Woodlawn– Dyre Av– DO U HUNTS V e 6 I RIVERBANK MOTT HAVEN POINT E W FRE D 3 Av–149 St n Financial service 95 St use N service Times E Sq/42 St New Lots Av E180 St G X STATE PARK io E P LAS S Harlem • t 1 D District W Skips Hoyt St Shuttle 145 St 2 5 c St V Y ER IC K 145 S T 43 L 145 St 145 St ire B 148 St d 6 Mar N 1 BLV D k R • • • M 3 pea S E A B C D P 3 weekday t H

A 138 St–Grand

O y’ T

A R

L WELL O © 2016 Metropolitan Transportation Authority 2017 S s S D

C Concourse Cy N T 137 St AM O t • 6 press A r N

L 4 5 B e

B v B I

M City CLAYT O r i C

R o LV D 4 skips rush hour 3 Av 6 R N 135 S T H ok A Murray A

O College X t S

O S

135 St peak direction A 135 St R Q A

B s ( 138 St v U

L Hill

D 7 O E 1 L • v a QUEENS E

A •

AV ) 2 3 W RIKERS N

V

B C N

6 B E S S

VILLAGE

D

B A E

ISLAND A

R Y R ( V

V L A 125 St I

T Y E D 125 S T W E

125 St 125 St M60 SBS XP D N F E 1 G CUNNINGHAM S I

• • LaGuardia Link Q70 SBS

O L

E • • • 125 St K

A B C D 2 3 M60 SBS FLUSHING PARK IL

X E Harlem • • M60 SBS H

LGA Airport 4 5 6 N M60 SBS M60 SBS HARLEM A KISSENA

N

116 St V 125 St Q47 Flushing

E LGA Airport ) EAST RANDALLS PARK

D E Columbia 116 S T HARLEM Q48 K I QUEEN S K Y ISLAND Main St Flushing S S I 116 St 116 St 116 St E NA P University B L FRESH N 7 VD R B • C 2•3 ND U M60 SBS 1 6 L A MEADOWS T HOLLIS IS N LAGUARDIA NG IO LGA Airport L O U N AIRPORT Q48 T U Central Park O Cathedral Pkwy P Cathedral A 110 St IA S M North ( 110 St)

T F (110 St) E P

Pkwy S

6 H K I • C

R Mets–Willets Point T • 2 3 Q72 W

I O

B C R E S Hollis (110 St ) Q47 Y

N • R

D T 7 Q48 LGA Airport M JAMAICA

D D

A A 1 A I

A N ESTATES V

A V DIT M AR S B L VD VD Mets–Willets Point S M L CORONA B

V Astoria OR IA T

S T A

R 103 St 103 St Q3 Ditmars Blvd ASTORIA 111 St

I 103 St 3

V M A • • 1 E 1 B C 82 S •

V N W

A 6 7 Q48 LGA Airport

S R F P 1

D 1

T T I

S 1 A FLUSHING F I S

I S R T so n T D M60 SBS O MEADOWS

H Jamaica K Y E LIRR

N W

A A CORONA P D S 96 St 96 St Astoria Blvd 8 X KEW 179 St V A V

R E T 2

103 St–Corona Plaza PARK 96 St V

• E G 96 St M60 SBSN W LaG St– JACKSON GARDENS F 6 Q N

I • • 3 L I • N D P ive r 7 1 2 3 6 HEIGHTS W B C a u R HILLS HILLCREST A V LGA Airport W R J A A S G ar S

E acks 2 7 H O A A T u 169 St S d N 1 4 Junction Blvd 1 E S IC Y a

i 1

T r a 2 C A S St– S B d L o T A V L F M R S •

MANHATTAN T i R V a i n A A nk 7 Q72 LGA Airport V D T J

30 Av No L B H O E A B 30 AV i H n

C 86 St VER NON roa D

L 86 St k Q7 L I

R 86 St t 86 St • rthern Q E E

Hu d E N W Ste s 90 St–Elmhurst Av S

7 C O • • 0 S L Parsons Blvd

J W N • X 4 5 6 Q 0 dw U E L

O I A B C UPPER 1E S N

I T i B B V 7 J

N C H D N L n S F R M S a A T

G 7

WEST U w I

W UPPER D 4 y T O A M Blv • L k

B N JAMAICA

T 6 M METROPOLITAN a s

L 65 E l A •

SIDE EAST LV D y S B d l O • V

R L i B

Y Par S d P 81 St–Museum t R 7 E V e

MUSEUM N M S v D

U SIDE H Sutphin Blvd A t S o k d 79 S T • O

M t A 79 St S

A

R o of Natural OF ART R O Amtrak LGA Airport • R

o

V Broadway Tp F K

A R rest Gardens 72 v v

n 1 • R w o

V History • v v W A o A N W B R OADWAY n r–Reg• Q A • R F • M • F • F

V A D Jamaica Center E • w • R B C 77 St mhurst• R d dhaven Blv 71 • F Kew E l o 67 M • F S B L VD Briar LONG E t • R 63 75 A QUE E NS Uni E T oo M E E Parsons/Archer 6 36 M w • R M ISLAND e W V Y M • • E A GranN A E J Z R

72 St O 72 St 72 St CITY M R R N v 36 I • • R • E C 1 2 3 • CENTRAL W J H K B C Lexin Q K S 69 Av/ 68 St R ackson C B PARK 21 St M t R A t 7 o Kew A L l • S E osevelt A V V REGO PARK 63 Hunter 39 R t • B L VD Jamaica D F g Queens- s F E NS • s 61 S • QUE Gardens Q St ton College seve d A re Woodside M Forest k 66 S T o bridge N v xp W • H LIRR E 66 St an • e R t KEW 6 l W n oo t • s Hills Q10 Ro Is F o 7 • LaG Wyc Sutphin Blvd Lincoln Center 41 AV F cti LaG v GARDENS amaica ire 52 S ds Q J u V Archer Av 1 k d 7 i 4 ard Van a 46 u d A FOREST pe 7 V rus h hour t ard e A JFK Airport ROOSEVELT LGA Airporti (Marine Air TermD only) Bl S i a L HILLS AN Lexington Av/59 St Queensboro a Li N T • • • ISLAND iss t i L I E J Z LIRR 7 nk A • • P O 60 S T N R W T R A M W A Y Plaza 40 S n R k Q R O • • 33 t Q7 7 G JUNIPER T 59 St N W 7 L S 0 E V 59 S T 7 7 ow t 0 SB SB VALLEY M A Columbus Circle Queen St 121 St N 5 Av/ QUE E NS B OR O B R IDG E ery S RICHMOND 59 St Plaz - PARK • • • • B 57 St-7 Av Ra S Z rush hours, A B C D 1 • 7 57 St 59 St • • E FOREST HILL W WEST D A • • • 4 5 6 Court Sq-23 St • w S Y • N Q R W • • M a s s t J other times C E v F N R W • • • o PARK K SIDE 53 S T Lexington Av/53 St E M E M R n L E E 53 S T S 111 St F F X D t E R P V MIDDLE T S W S L Locust B J B L Y U B R VILLAGE VD T N O 5 Av/53 St 1 P E Manor 50 St A 51 St Court Sq D

A H 50 S T D 49 St S 50 S T Park I IN • V Ozone • W N southbound C E 50 St I E M • V L

X 6 G 7 A 104 St A N • R • W 7 V 1 B T A A 11 erts Blvd L Y S Le V 1 H 47–50 Sts C T I Z rush hours, T D northbound 2

42 St/Port Authority 3 N A

A I A

A M LIRR Rockefeller Ctr A V UNITED O A J other times V J

V Bus Terminal P

• • • 21 St

NATIONS 111 St • • B D F M N Middle Village AIR E Woodhaven Blvd W WOODHAVEN A C E 42 ST G OO Q10 E Metropolitan Av • DH A L INC OL N T UNNE L Hunterspoint Av R GLENDALE J Z A TRAIN JFK G P WY VE V ND E X N A Times Sq-42 St 5 Av Grand Central Vernon Blvd IS L A M B L Y 42 St Hunters Point Av L ONG VD T 104 St N • Q • R • S • W • 1• 2• 3• 7 85 St–Forest Pkwy R JAVITS 7 42 St except S Jackson Av • E Bryant Pk 7 LIRR Fresh Pond Rd V IB A CENTER except QUEENS A J L S • • • • • • • • Y B D F M S 4 5 6 7 Metro-North 7 M L E MIDTOWN F OR T A way Blvd E S T AV R Rocka 34 St V Y W 75 St–Elderts Ln 34 St 34 St E 34 St TUNNEL Long M v A K A

• I 33 St N R NJTransit Amtrak G Island A T A MASPETH Forest Av Herald Sq P I Z rush hours, M A Hudson Penn Penn 5 L H O

A 6 A nt P i P A T • • • N O M Yards Station B D F M R E City H o R J other times

H N Station V T RIDGEWOOD 88 St 33 St 28 St K A p E Q O • • • • • • 28 St T M UEENS A • • • T S N Q R W a 28 St S TRANSPORTATION 7 A C E LIRR 1 2 3 LIRR MAP• A A A V Cypress Hills E R W N V N Seneca Av BR I 6 OOKLY V s N 1 GREENPOINT A t CROSS B V B S Green

E V CHELSEA R A v J M t U O 23 S T N O 23 S T G v A A q A S A R T 23 St S 80 St 23 St 23 St 23 St 23 St D 23 St S • 6 R B A lb t H e N E B W • 5 erson S I • • i d Crescent St AY

1 • A A K 1 C E F M on  9 1 R W A 6 • 4 f

1 i

0

V v o t C Y e • A n sey S A • W BLV A S J DeKa l J Z

• W r A Nassau m t L V d v L a V e J

V • R 6 –U • R S v OZONE v 18 St A G A H D Av • Q r L d d Aqueduct A • Q v v v v se WY C K OF F AV L PARK 8 • N A A rimer L v Norwood Av 1 L 14 St• N o GrahaA L o an A Grant Av Racetrack L 14 St 14 ST L L 3 L 1 L N 7 S T L Gran g Myrtle A L r n r times Z rush hrs, J othe L ntr o thboun v 3 2 o r 1 o Wycko Avs A A W s B A U M A t T Q3 A S il no 14 St A H M E W L W IL S ON AV Knickerbocker Av • S Cleveland St V 14 St 14 St V ck V I L M W S C i N

K Aqueduct • • A O T A C E • • • V M L T J 1 2 3 F M Astor Pl Metropolitan Chauncey S een S L S Av 9 St EAST E 8 S T d U North Conduit Av T F y Euclid Av 7 8 St-NYU L BUSHWICK J Z ushw F D G er Van Siclen Av G A 6 r B R E B VILLAGE other b • Z V • A Q10 E R u N H • F O Central Av wa A A C W AT R W W B US HWIC K AV s A n • L B IC P A v h d Z rush hrs, Y L H E D h a o • J T HUDSON RIVER PARK E E WASHINGTON Y y A M L C A R R WILLIAMSBURG t time ou o R 5 K V E Y S V • C J other times E E R g A V W T B S T 4 SQUARE PARK St wa in E r t Br I A rd Av S T s Shephe T d L s , A Alabama Av L IN TRAIN JFK 8 E t a T Juncti AIR NOHO R IT K W 4 St E 4 S T EAST o ush Y Y P C S ette r rimer l OADWA • y • M M B R J Z Christopher St T o t a RIVER B L • M F Howard Beach S Wash Sq f J J Gates H her PARK G Z p q A • B • C • D • E • F • M eecker S La Myrtle Kosciuszk J r J alsey Van Siclen Av JFK Airport S l – • M LOWER otheru JFK Christo 1 B L E E C K E R S T B J J s Liberty • F v E • h hou At C A S EAST SIDE Sheridan 6 way A t IDG M A S INTERNATIONAL I ’ • D B R • v l X time t Av HOUS T ON S T B B 2 F S R G Z L ant AIRPORT T U A 4 GREENWICH y S B v rs East NYV HOWARD BEACH H M • Z • v A C EAST IA A M weekday peak o s , Rockawa N ic A New Lots Av VILLAGE • Z L L y J A V t I • M S A S NEW W v I 1 Houston St A V ance J direction express t v N l • M A G U C v 3 Prince St D r YORK R e TH S T • J g N E PA ON 1 I D Marc I S T C • O R HOU R W in N E Van Siclen Av K Spring St F Hewes St T y N AirTrain stops/ Spring St Essex S A S T Myrtle Ralph A Sutte 2 S S V N v • 6 LITTLE ITALY Y lush O V 3 terminal numbers T SOHO E S T C E C F B E DF T C A G A N O Willoughby Avs L P R IN G R AND S T D E L R D U L S AV F Pennsylvania Av V G A AN P C ANAL S T y N v 3 E S I T UNNE L Canal St Canal St YCanal St • Z Grand St N C HOL L AND er W ostrand OCEAN HILL- N L A E • • J • V S Y N A C E w B D A A Bed Utica L A 1 W NAVY S BROWNSVILLE ia Av V V • • • C G H BEDFORD- Junius St Livon AN TRIBECA D J N Q R Bo ANAL S East IN A T YARD H IN • IA A t f STUYVESANT C • • R S US G or L O U A 3 C A Franklin St W Z 6 CHINATOWN Broadway T F L T d R G O C v H E R S S N v A B T l s V U Y F asson A Rockaway Av Lawrence 1 6 A York V New Lots Av W R W DG E A B N B R I F FORT GREENE E Washin G V C A 3 E Chambers St E T T A MANHA T L L B15 JFK Airport S H R Kingsto IA Far Inwood T • Y A C M U N Chambers St S F v Throo LIRR O S Park Chambers St L T T Rockaway T S V T A g I Saratoga Av I • • T FORT GREENE C C N C L 1 2 3 City • B ton V E Place J Z U l G G A High St PARK int A s J S R 3 H E v Nostran n E A A p • East 105 St C BATTERY 2 3 Hall DUMBO • A A o T B V Far Rockaway Brooklyn Bridge A C Y V v n T A A A R E O PARK CITY • B R OOK DeKalb Av s n • v L R W L Y N B R S Y Nostrand Av IDG E Fult A o Frank C s SS Mott Av T t City Hall 4• 5• 6 • • F n Crown Hts Sutter Av–Rutland Rd g B Q R A o B World Trade G L d A AY o int C A CROWN Utica Av 3 Center n l C •S l C T in v B Beach 25 St S S HEIGHTS • LV Jay St t Washin N A 3 4 PATH E T O B BROOKLYN L v D A Fulton St U E G F HEIGHTS MetroTech D AY Cortlandt St Court St F W U WTC • • • T • • • O K T S D • A C J Z S A C F R R I Canarsie JAMAICA E L V R C Beach 36 St A G IR T B Cortlandt St R W R P A • • • H D A 2 3 4 5 T Lafayette Av N Kingston Av Rockaway Pkwy BAY 1 R A A FINANCIAL U A t v T E V R O S • 3 V A S WILDLIFE D DISTRICT Wall St S C A 3 L L T 2 n E CANARSIE E S l Nevins St Atlantic Av–Barclays Ctr li R REFUGE 4• 5 Wall St BROOKLYN l 1537 NOSTRAND AVENUE E M N Beach R lark a • • • • • • • • • S E N N E C • 5 2 3 4 5 B Q 2 3 4 5 LIRR • 5 A A • BRIDGE H T V Broad 44 St 2 3 T • 4 Park • 4 Nostrand Av H Rector St Rector St A S PARK Frank C Y W • 3 v • 3 P Channel A • FLA Pl 3 H 1 R W A 2 A 2 O TB R EAST • C W 7 H Beach Broad St Hoyt US • Q S A S A orough H T D E •• Hoyt St S B N FLATBUSH B I V B A J Z 60 St M Schermerhorn President St W A • A O 2 V V

3 I 2,3 and NEW YORK • • r t S T • A R A C G • 3 2 5 A D H H

B northbound TRANSIT MUSEUM E N S T 2 C N

B E R G RR Botanic R

4,5 I t A en S • L F y U C

Sterling St Beach S L

g t O H V ROSS Bowling Green CARROLL a y Garden T J ama ica Whitehall St • R ME

z 3 • p C E U rm •

w 3 2 A TERANS S 5 • GARDENS • N Ber A • o 67 St 4 5 • G R 2 m L BRI M South Ferry T ON S T 2 S UNI Pla Pk F H

D T d F t O B A I

H D • nthr B a y RI A R W C S i

BROOKLYN v G Y

South Ferry A K Bergen S A n W A E ’ c Av–Barclays Ct R Gran • 5 L S i io V PARK BOTANIC Prospec 2 t 1 t n S Easternn Museu H S y GARDEN d T • G lant U SLOPE E Park R BROOKLYN

F y K N oll

At okl Church • • • 5 I R T S N ELLIS y 9 ro B Q S v r arr 2 Y HUG G r H L . C AR C NINT H S T B PROSPECT GATEWAY ISLAND E Y T U everl NN S e E RED S L t F v B Beach 90 St • 5 T N

F I s PARK H NATIONAL u S • R F O m HOOK A • G 2 kirk A • • G W Smith Sts 9 T 7 S A S d m 9 • G F T w RECREATION e F H

n r o F R e Y

n A a Ne ly Av– A t • 5 g AREA– l S N v 4 V le s Parkside A D 2 l I v A

5 JAMAICA BAY A D 1 k • FLATBUSH Beach 98 St V LIBERTY n G V Co v L e P R OS P E C T AV F Q ISLAND A ush • B t GOVERNORS A S a Prospect Av V b t ISLAND A d F L klyn H S R ect Par E AT B U C R S H Flat oo A p ID y AV r S B E K Church• Q d • 5 Beach 105 St B R FLATLANDS Pros R B 2 Y A u • P everle o A S A B y H W l a V Fort Hamilton Q A Rockaway Park A 25 St rte K F o C St. George O Pk Beach 116 St R wy C O U • Q A• S R R F G kirk Plaz B N E d O T w E GREEN-WOOD C H un S R H 1 D Tompkinsville Y O 5 T Ne F D WEST NEW W N S • Q bo O R A CEMETERY h A K E T B t R L

V N BRIGHTON P Y u E D D M Stapleton N O IS so A N SNUG HARBOR C C A O L V V N PORT CULTURAL CENTER T D E A Avenue v O A N A E IL • G Q AC RICHMOND A N N D FLOYD H R R R IC T E M F A P MIDWOOD C H M O ND SILVER A J Clifton 36 St A L K V M BENNETT D LAKE H W H V O V MARINERS S51 V PARK A • • A Y C A FIELD C T A D N R T V HARBOR S T E A ROCKAWAY E R R L Church A O I 39 S T E F B O N B PARK R Avenue F N W I A CLOVE E FOX E S T E ND L INE v V O D F B Q Y S LAKES N HILLS WESTERLEIGH ROSEBANK A R M A T PARK A 45 St v I R M V A v G W A MARINE ARI E S S WAY VE R R D H H N NE XP R AZANO SUNSET 9 A venue PA E -NA R F T G D PARK GIL R CASTLETON D R R O tmas A O I KW N WS n i HO A L A B R I PARK N H M DG Y- STATEN CORNERS B L VD S DG y D 18 F E E R Y I E M S JACOB VIC T O to L Avenue S O E N l w D I A RIA T N G BRI L A y E Q V DG RIIS S T Grasmere Pk Coney Is. bound a y N E ami B I y 53 St H t NBOROUGH skips stops due K PARK ISLAND PARK Pkw Hw TODT R D F U

COLLEGE OF 9 to construction V BULLS HILL Old Town Fort 50 S A ngs R STATEN ISLAND HEAD A i I until 2017 N K V • Q C t H S B M 59 St D P Z O E V V CHELSEA Dongan Hills 55 NEW N 1 A A SEA • 6 U D N R S SPRINGVILLE Avenue N VIEW D S PARK A V y T O V STATEN HOSPITAL L F M B

ISLAND Jeerson Av M Avenue Hw E y MALL v v Avenue F N v A n A d Ba Grant City N v N E N A Q N o y t N y ings R A 8 t A W 8 0 d S51/81 L l w N S 1 a K y 2 a Y D U B y H Pk 2 F w Bay Ridge Av 6 T w N il R Neck New Dorp SHEEPSHEAD a Hami E Pk U Y R Q R Utrecht C BAY W H P d NEW w s X Fort Manhattan bound n T Sheepshea• Q E a e t y l DORP A F N S ng E s V N skips stops due i w B Oakwood Heights I BEACH O N R K Avenue LA TOURETTE D H O 77 St S57 n U 71 H e to construction F X PARK t R S BAY RIDGE BENSONHURST

a R T T RICHMONDTOWN t until 2017 D FRESH S ARDEN S VE R R AZA H v Brighton Beach V E NO- NAR R OW S L KILLS HEIGHTS A W A t • B D Bay Terrace T V S B Q L R Avenue T A K IL D BRIGHTON R T HU R M GREAT B R IDG E P KILLS 86 S T 79 86 S T F tune A BEACH 86 St N p Y Great Kills PARK Av D A R Ne W S54 X7 X8 18 86 St F A Av D y 25 Av Ocean Pkwy K D N C D Q O Bay Ridge 20 R D Pkw R DYKER L 95 St Bay 50 St L I Eltingville BEACH Bay BREEZY K R D R PARK POINT U West 8 St H

T Annadale R NY Aquarium A S55 WOODROW • ROSSVILLE D Coney Island F Q L V B Huguenot N L A Stillwell Av Y S55 X17 X19 H D • F • N • Q CHARLESTON Prince's Bay CONEY ISLAND S56 Pleasant Plains

Nassau Richmond Valley S78 TOTTENVILLE BEACH Atlantic S78 Tottenville S78

10­ | 1537 NOSTRAND AVENUE CONFIDENTIALITY

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any a confidential Memorandum solely for your limited use and benefit in determining manner detrimental to the Owner or CBRE, Inc. whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents If after reviewing this Memorandum, you have no further interest in purchasing the to any third party without the prior written authorization of the owner of the Property Property, kindly return it to CBRE, Inc. DISCLAIMER

© 2018 CBRE, Inc. The information contained in this document has been obtained The Owner expressly reserved the right, at its sole discretion, to reject any or all from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, expressions of interest or offers to purchase the Property, and/or to terminate Inc. has not verified it and makes no guarantee, warranty or representation about discussions with any entity at any time with or without notice which may arise as a it. It is your responsibility to independently confirm its accuracy and completeness. result of review of this Memorandum. The Owner shall have no legal commitment or Any projections, opinions, assumptions or estimates used are for example only and obligation to any entity reviewing this Memorandum or making an offer to purchase do not represent the current or future performance of the property. The value of this the Property unless and until written agreement(s) for the purchase of the Property transaction to you depends on tax and other factors which should be evaluated have been fully executed, delivered and approved by the Owner and any conditions by your tax, financial and legal advisors. You and your advisors should conduct a to the Owner’s obligations therein have been satisfied or waived. careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates on this document are the property of their respective owners. or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal Photos herein are the property of their respective owners and use of these images commitment or obligation shall arise by reason of your receipt of this Memorandum or without the express written consent of the owner is prohibited. use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

11­ | 1537 NOSTRAND AVENUE INVESTMENT SALES RETAIL LEASING CAPITAL ADVISORY

200 PARK AVENUE 212.984.800012­ | 1537 NOSTRAND AVENUE WWW.CBRE.US NEW YORK, NY 10166