Office / Retail Class a 3 Buildings Portfolio

125,000 SF OFFICE / RETAIL CLASS A CITY EXPRESS REALTY EXCLUSIVE 3 BUILDINGS PORTFOLIO OFFERING

1090, 1100, 1122 CONEY ISLAND AVENUE, BROOKLYN NY 11230

INVESTMENT HIGHLIGHTS Along with the movement from Manhattan to Brooklyn in the housing market, Manhattan office tenants are similarly migrating to Brooklyn, the most populous borough in NYC.

The Downtown Brooklyn and Dumbo office markets continue to flourish, while new contenders of Williamsburg, East New York, and Flatbush are emerging. In a similar fashion, with a dearth of office product available for sale, both local and foreign investors are looking at the entire borough of Brooklyn as a viable investment alternative to Manhattan.

In addition, Albany has extended 2017 legislation to spur job creation and energy savings. The City of New York has also created a program to relocate city agencies in areas where there is a demand for more office space.

Immediate Income and Upside Potential - At a Rational Cap Rate

This portfolio of 3 Class A buildings located at 1090, 1100, 1120-1130 Coney Island Avenue, 125,000 SF is not only is a unique offering in central Brooklyn, as a fully leased meticulously maintained office property, with both retail and underground parking garage, but with ongoing tenant rollover, new ownership will have the opportunity to bring the property up to market rents, in an area lacking in true office product Address: 1090, 1100-02, 1120-22 Coney Island Ave, Brooklyn NY 11230 Location: Board line of Kensington and Midwood areas of Central Brooklyn Block: 6498 Lot(s): 24, 30, 32 Lot Size: 90x90 163x90 190x100 Lot Size SF: 8,100, 16,200, 19,027 Total Lot Size SF: 43,327 Zoning: C8-2/OP Building Size: 90x90, 179x90, 190x100 Above Ground SF: 21,627, 64,638, 38,054 FAR: 4.8 Buildable SF: 38,880, 77,760, 91,330 Minus Existing Structure SF: 21,627, 64,638, 38,054 Available Facility Air Rights SF: 17,253, 13,122, 53.276 Total Buildable Sq. Ft.: 207,970 Total SF as built: 124,319 Total Facility Air rights Available SF: 83,651(Has to be Verified by Architect) RE Taxes (16/17): $82,937 $186,696 $68,188 Total RE Taxes: $337,821 1090 CONEY ISLAND AVENUE INCOME 1100 CONEY ISLAND AVE INCOME 1120-1130 CONEY ISLAND AVE INCOME & TOTAL PORTFOLIO INCOME INCOME & EXPENSES Summary This meticulously maintained investment property consists of 3 modern office / retail mixed use buildings totaling 125,000 SF plus underground garage for 65 cars, erected in 1993 on the large – over 43,000 SF property located on the board line of the booming Kensington and Midwood areas of central Brooklyn, boasting 460 linear feet of frontage on Coney Island Avenue – the major commercial artery of Brooklyn with tremendous pedestrian and car traffic count. It comes with substantial upside potential in the rent income increase by bringing it up to the todays market rates, and over 83,000 SF(Has to be Verified by Architect), in additional available Facility air rights.

Exclusive Broker Andrey Yanoff (718)615-0200 [email protected]