BANKRUPTCY AUCTION DECEMBER 9

HELL’S KITCHEN I MIXED-USE APARTMENT BUILDING

CENTRAL PARK HUDSON RIVER COLUMBUS CIRCLE

ROCKEFELLER PLAZA

753 9TH TIMES SQUARE AVENUE 9TH AVE

HUDSON YARDS

MADISON SQUARE GARDEN

753 NINTH AVE, NEW YORK, NY th st Property Highlights: Between 50 & 51 Streets • 12 Apartments • 1 Retail Space B6 Real Estate Advisors, Special Situations Team is • $700K Gross Income pleased to present the opportunity to acquire this • 100% Rent Stabilized 5-story, 25’ wide, mixed-use building with ground • Free and Clear Title floor commercial and 12 apartments above through a bankruptcy auction sale process. To Be Sold Absolute, Regardless of Price The property is located in the heart of the city’s trendy Subject only to the Approval Hell’s Kitchen neighborhood on the West side of 9th of the U.S. Bankruptcy Court Ave. between West 50th and West 51st Streets. This represents a tremendous investment opportunity a short walk from Columbus Circle, Times Square and Suggested Opening Hudson Yards. Bid: $3,500,000 Certified or cashier’s check required to bid: $350,000

B6SSD.COM/9THAVE 646 933 2660 AN OUTSTANDING INVESTMENT OPPORTUNITY 753 Ninth Avenue, New York, NY

REVENUE PROPERTY DETAILS

Gross Monthly Income $58,601 Address: 753 Ninth Ave, NY, NY 10019 Gross Annual Income $703,208 Zoning: R8 in the Special Clinton Vacancy & Credit Loss 3.0% ($21,096) District with a C1-5 Overlay Effective Gross Income $682,112 FAR: 4.2 (Residential) 2.0 (Commercial) EXPENSES (ESTIMATED) Block/Lot: 1060/35 Real Estate Taxes $24.30/SF $171,409 Lot Size: (25.17 ft x 100 ft) 2,517 SF Water/Sewer $490/Unit $5,880 Building Size: 25 ft x 85 ft Insurance $0.55/SF $4,972 Electric $0.25/SF $2,260 Stories: 5 stories Heat $1.60/SF $14,464 Units: 12 Residential / 1 Commercial R&M $1,000/Unit $12,000 Gross SF: 9,040 SF (Approx.) Super $600/Month $7,200 Reserves $250/Unit $3,000 SF/Apartment: 350 SF (4) & 500 SF (8) Management 4% $27,284 Avg. Rent/Apartment: $2,121 / Month Total Expenses 36.4% $248,469 Rent/Commercial: $31,642 / Month Net Operating Income $433,642 Real Estate Tax: $171,408.60

INSPECTION DATES DUE DILIGENCE ROOM Please contact us to make an appointment to A Due Diligence Room for the property has view the property on the following dates: been assembled and contains information Wednesdays, November 13, 20 & December 4 related to the property and leases such as: the Tuesday, November 26 Purchase Agreement, Preliminary Title Report, From 11:00 AM - 3:00 PM Auction Registration Information and the Court Approved Bidding Procedures. The execution of AUCTION DATE & LOCATION a Confidentiality Agreement is a requirement in Monday, December 9, 2019 which to receive access to the online Due Diligence Sheraton Times Square – 811 7th Avenue, W. 53rd Room. This will be provided to you via email and is Enter on 53rd, Btwn. 6th and 7th Avenues available at inspections. Registration begins at 11:00 AM and the Auction commences at Noon TERMS OF SALE / BIDDING PROCEDURES This sale is being conducted pursuant to the ADDITIONAL INFORMATION Bidding Procedures approved by the United States Bankruptcy Court, Southern District of New York, Please sign the NDA to visit the Due Diligence Case No. 19-11201 (MKV). Room or contact us at 646 933 2660. Please refer to the Bidding Procedures and BROKER PARTICIPATION IS INVITED Terms of Sale in the Due Diligence Room. A 2% cooperating broker fee will be paid to the Broker who is properly registered to represent the buyer that closes on the property.

©2019 B6 Real Estate Advisors, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). It is the responsibility of the prospective purchaser to make an independent determination as to the condition of the property (or properties) in question and cannot rely upon any representation made by B6 Real Estate Advisors, LLC or any broker associated with B6 Real Estate Advisors, LLC.

B6SSD.COM/9THAVE 646 933 2660