METRO NORTH I-95

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EXCLUSIVE OFFERING MEMORANDUM

NEW ROCHELLE, WESTCHESTER COUNTY, NEW YORK 26 GARDEN STREET MIXED USE DEVELOPMENT SITE ADJACENT TO METRO NORTH STATION MANHATTAN

MONTEFIORE NEW ROCHELLE HOSPITAL

DOWNTOWN METRO NORTH NEW NEW ROCHELLE ROCHELLE STATION

MONROE COLLEGE

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CONTACT Karlene Channer Senior Executive Assistant [email protected] 646.658.7332 EASTERN CONSOLIDATED | 355 LEXINGTON AVENUE | NEW YORK, NY 10017 | WWW.EASTERNCONSOLIDATED.COM 26 GARDEN STREET I NEW ROCHELLE

TRANSIT ORIENTED MIXED USE DEVELOPMENT SITE ADJACENT TO METRO NORTH STATION DEAL HIGHLIGHTS

• ±767,310 Square Feet Preliminary Design Plans Have Been Completed • Fully Entitled Site, Flexible Zoning Offers As-Of-Right Potential Mix of Uses Including Residential, Hospitality, Commercial and On-Site Parking • Highrise Development Will Offer Unobstructed Views of New Rochelle Skyline, Long Island Sound and Manhattan to the South • Highly accessible location – Steps from the New Rochelle Train Station (Metro North New Haven Line & Amtrak) and the New Rochelle Central Business District • Direct Northbound and Southbound Access to I-95 Exit 16 Within Half-Mile of Site • Extensive Investment and Development Activity Underway and in the Pipeline for New Rochelle

ASKING PRICE: $22,500,000

3­ 26 GARDEN STREET Deal Highlights EXECUTIVE SUMMARY

Eastern Consolidated, as exclusive agent, is pleased to present 26 Garden Street, New Rochelle, Westchester County, New York (the “Property” or “Site”).

The offering includes a transit oriented mixed use development site measuring ±43,075 square feet of land area (±.99 acres) adjacent to the New Rochelle train station (Metro North & Amtrak) and the central business district. The site can accommodate a new mixed-use development totaling approximately ±767,310 based on preliminary conceptual design plans that have been prepared by the current land owner.

The Site benefits from flexible zoning regulations that permits an as-of-right mix of uses including residential, hospitality, commercial and accessory parking.

The offering presents an opportunity for developers to acquire a large transit-oriented development site within a short walking distance to the Metro North train station and vibrant New Rochelle CBD. Development of this Site, which also offers convenient accessibility to I-95 New England Thruway, will complement the tremendous investment and development that is underway and in the pipeline for the City of New Rochelle. Preliminary design plans and third party reports have been completed by the current ownership and are available for review.

Address 26 Garden Street, New Rochelle, Westchester County, New York Location Block bound by Garden Street, Cottage Place and I-95 in downtown New Rochelle Block/Lots 802 / 20, 32, 33, 36, 38, 41 and 43 Lot Dimensions Irregular: ±193.75’ – Garden Street Frontage ±210.26’ – Cottage Place Frontage ±209.24’ – I-95 Frontage ±101.20’ – South Frontage Lot Size ±43,075 square feet Zoning Downtown Overlay District 2 DO-2, E Street Designation, Development Standard 3 Pilot The Project is eligible for a 20 year Pilot Tax Exemption (Please see detailed schedule on page 6) Transportation 1 Block to the New Rochelle Metro North Train Station Less than ½ Mile to I-95/New York State Thruway Exit 16 Preliminary 354,700 SF Residential Component Conceptual Design 84,610 SF Hospitality Component Plans Floor Area 128,000 SF Commercial Component 200,000 SF Parking Component 767,310 SF Total Designed Floor Area Asking Price $22,500,000

4­ 26 GARDEN STREET Executive Summary SURVEY

5­ 26 GARDEN STREET Survey AREA MAP

Iona College Hynes Athletic Center I-95

Marshalls & HomeGoods

I-95 Stop & Shop Nissan of New Rochelle Rochelle Park New Rochelle Racquet Club Mavis Discount Tire ShopRite Lincoln Park New Rochelle County Family Ct Sutton Park Center for Nursing & Rehabilitation 26 Garden Street Monte ore New Rochelle Hospital Regal Cinemas Metro North M Stop & Shop Public Library Monroe College

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The Home Depot Ashley HomeStore Wellness Center Costco United Hewbrew

Greentree Country Club

6­ 26 GARDEN STREET Area Map