Real estate investment services

MetroGrid Report: Lower

FOCUS ON NYC SUBMARKETS

October 2015

Lower Manhattan Overcomes Challenges and Emerges Stronger than Ever Like a prizefighter on the ropes, has ab- 11 Memorial Museum opened in May, and Four and Seven sorbed blow after blow in the last 15 years—terrorist attacks, World Trade Center are up and running. The MTA opened its the collapse of the world financial system, and a natural disas- $1.4 billion state-of-the-art Fulton Transit Center in November, ter—but the district has come back swinging. In fact, by all and construction is progressing on the World Trade Center measures—property sales, development, retail rents, population Transportation Hub. Additionally, by the end of 2016, Lower growth, and tourism—Lower Manhattan is stronger than ever. Manhattan will have more than 2 million square feet of new or repositioned retail space open or in development. Last year was a watershed for Lower Manhattan. opened in November and is now welcoming In addition to the World Trade Center, the market for commer- visitors to its new observation deck, the National September cial properties in other areas of Lower Manhattan is boom- MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services ing. During the last 12 months, over 40 properties totaling and Church Street have become the go-to place more than 4.3 million square feet and valued at over $2 billion for kids. Recently, high-end children’s clothing stores including changed hands below . Swedish brand Livly and French brand Jacadi have moved onto this stretch of Reade Street joining a neighboring ballet school Significant recent sales include Macklowe Properties’ purchase and pre-school. of 80 Broadway for $585 million in September 2014, and SL Green and Joseph Moinian’s January 2015 sale of a 1 million Asking retail rents for store front retail space in Lower Manhat- plus square foot office building east of Broadway at 180 Maiden tan run the gamut from under $100 per square foot for some Lane for $470 million, or $435 per square foot. ground floor spaces on John, Front, Ann, and Rector Streets to between $125 and $170 per square foot on Reade and Franklin SL Green also recently announced an agreement to sell the Streets to between $100 and $685 per square foot on Broad- 772-bed dormitory tower it developed with the way. Naftali Group at 33 Beekman Street for $196 million, and in the third quarter of 2014, sold another Pace dormitory with 609 Aside from the storefronts, major retailers are moving into the beds for $222.5 million that it developed at 180 Broadway. 200,000-square-foot Brookfield Place, which offers 14 casu- al dining spots at Hudson Eats, high-end retail shops, and is SL Green remains bullish on Lower Manhattan, however, and in anticipating Saks ’s four-floor, 75,000-square-foot August 2015 acquired of two mixed-used properties for $63.7 anchor store in the complex. Westfield World Trade Center will million at 187 Broadway and 5-7 Dey Street, ideally positioned open next Spring at the base of Three and Four World Trade adjacent to the Fulton Transit Center and one block east of the Center with 365,000 square feet of retail space for 150 stores World Trade Center. and restaurants, and Pier 17 in the Seaport is slat- ed to open in 2017 as a retail, dining, and entertainment hub. Other major building sales in the last year included an office building at 100 , which Savanna sold to Corner- Finally, tourism is strong in Lower Manhattan, with 12.4 mil- stone Real Estate Advisors in July 2015 for $270 million; a lion visitors in the district in 2014. Lower Manhattan is home 545,000-square-foot office property that American Realty to 5,100 hotel rooms in 22 hotels, a 25 percent increase over Capital acquired at 123 William Street in March 2015 for $253 2014, with about 2,500 hotel rooms in 15 hotels under con- million; and 38-58 Murray Street, which Clipper Equity picked struction and 2,029 hotel rooms planned for five hotels. up for over $262 million at the end of last year.

Additionally residential development has continued unabated in Lower Manhattan. Community Board 1, which covers all Lower Manhattan neighborhoods except for Chinatown, estimates that between 2012 and 2016 the district will see 8,466 new residen- tial units.

The new units are necessary to keep up with population growth, which CB1 predicts will rise to 77,402 residents in 2016, a 125 percent jump from 2000 when the district was home to 34,420 residents. The 2,739 units planned for 2016 are located at 50 West, 22 Thames Street, 233 Broadway, 5 Beekman, 161 , 30 Park Place, , 396 Broadway, 391 Broadway, 372 Broadway, , 350 Broadway, 346 Broadway, 68-74 Trinity Place, 101 Murray Street, 87 Chambers, 12 Warren Street, 71 Laight, 20 Ex- change Place, and 56 Fulton Street.

Of the 77,402 residents expected in 2016, 11,843 will be under the age of 19, CB1 notes, which means schools and retail stores catering to young people will be in high demand.

The effects of these demographic changes are already evident in where corridors like Reade Street between West

02 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Building Sales in Lower Manhattan Below Canal Street Oct. 2014 to Oct. 2015 Source: Acris and other sources deemed reliable

Date Closed Address Sales Price Gross SF Price Per SF

10/7/2015 79 Warren St $6,000,000 6,220 $964

10/1/2015 120 Water St $20,125,000 13,281 $1,515

8/20/2015 187 Broadway, 5-7 Dey St $63,700,000 74,186 $859

7/27/2015 144 Fulton St $25,000,000 8,071 $3,097

7/13/2015 100 Wall St $270,000,000 463,664 $582

7/9/2015 71 Mulberry St $1,000,000 1,500 $666

6/16/2015 45 Beekman St $9,800,000 10,818 $905

5/14/2015 90 Fulton St $5,800,000 5,800 $1,000

5/8/2015 402 Broadway $4,300,000 7,665 $560

5/7/2015 94 Fulton St $12,000,000 10,490 $1,143

5/7/2015 92 Fulton St $11,250,000 n/a n/a

5/5/2015 57-61 Murray St $50,000,000 41,421 $1,207

4/13/2015 77-93 Front St $197,500,000 973,587 $202

4/9/2015 134 Beekman St $5,250,000 2,295 $2,287

4/8/2015 185 Franklin St $8,925,000 8,430 $1,058

4/2/2015 108 Chambers St $17,000,000 1,963 $8,660

3/27/2015 123-133 William St $253,000,000 493,039 $513

3/24/2015 52 Stone St $1,325,000 7,336 $180

3/24/2015 21-23 Catherine St $8,800,000 21,258 $414

2/26/2015 351 Broadway $21,000,000 14,445 $1,453

2/19/2015 163 Front St $24,000,000 58,500 $410

2/19/2015 293 Church St $8,500,000 7,100 $1,197 MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Building Sales in Lower Manhattan Below Canal Street Oct. 2014 to Oct. 2015 Source: Acris and other sources deemed reliable

Date Closed Address Sales Price Gross SF Price Per SF

1/26/2015 2 $10,000,000 8,115 $1,232

1/20/2015 43 Mott St $6,700,000 10,700 $626

1/20/2015 45 Mott St $6,700,000 7,946 $843

1/7/2015 180 Maiden Ln $470,000,000 1,079,361 $435

1/6/2015 102 Bayard St $3,712,500 9,125 $406

12/29/2014 80-83 South St $100,000,000 47,713 $2,095

12/22/2014 120 Fulton St $6,400,000 15,600 $410

12/15/2014 38-58 Murray St $262,778,097 620,552 $423

12/15/2014 53-57 Park Pl $65,694,525 138,600 $473

12/11/2014 33-34 $52,000,000 25,379 $2,049

12/9/2014 167 William St $20,500,000 31,073 $659

11/14/2014 17 Leonard St $11,165,112 6,400 $1,744

10/31/2014 244 Front St $7,200,000 15,765 $456

10/27/2014 103 Washington St $6,598,313 8,500 $776

10/24/2014 268 Water St $5,000,000 5,544 $901

10/23/2014 315 Greenwich St $4,000,000 6,545 $611

10/23/2014 188-190 Duane St $6,300,000 6,000 $1,050

10/22/2014 85 South St $20,000,000 52,005 $384

Total $2,089,024,547 4,325,992 $483

04 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Estimated Residential Units Under Construction Source: Manhattan Community Board 1

Population Change Analysis Source: Manhattan Community Board 1

05 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Lower Manhattan Indicators Source: The Downtown Alliance

06 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Select Eastern Consolidated Eastern Consolidated Select DealsTribeca in Tribeca & Civic & CenterCivic Center Closed Transactions

P Renwick Street l.

Broome Street

Tribeca West Street 1 1 2 Watts Street 1 1 2 Grand Street

Office DevelopmentDevelopment Retail Street Lafayette Centre Street Centre Canal Street

Baxter Street 510-518 Canal Street 475 aka Greenwich Street 1 25 Hudson Street 1 1 510-518 Canal Street 1 153 Franklin Street $2,425,00016,000 BSF - 2001 486-500 Canal Street $9,500,000100,000 GSF, - 1996 12-Story $375,000 - 1996 Desbrosses3 Street 4 Albert $6,700,000Sold With108-110 - 2000 West 24th Street 2,906 GSF Washington Street Capsouto Park Howard Street Sold158-162 With108-110 West West 25th 24th Street Street (Flatiron) Sold The Entire Building In 2002 5 1 158-162 West 25th Street 2 105-107 Chambers Street 2 2 6 Hester Street 71 Laight Street 157 Hudson Street Vestry Street 1 $2,700,00035,247 GSF, - 5-Story1998 2 5 108,500Harrison BSFStreet 4,165 GSF $450,000 - 1997 Mixed-Use 2 Laight Street York Street Avenue of the Americas 7 Lispenard Street 3 87-89 Chambers Street 3 3 401 & 403 Greenwich Street 31 N. Moore Street Canal Street $3,750,00038,000 GSF, - 5-Story1999 3 28,250 BSF 3,226 GSF 1 Collister Street St. John’s 91-95 Chambers Street 1 137-141 Duane Street 2 8 Park $23,150,000 - 2007 $7,650,000 - 2000 Beach St. 4 4 4 Walker Street 250 Broadway 5 Harrison Street 153 Franklin Street Walker Street 585,000$31,700,000 GSF, - 29-Story1997 1,800 GSF, 1-Story Ericsson Pl. Mulberry Street 3,000 BSF 3 1 3 5Residential131-135 Duane Street 5 66-72 1 Beach Street White Street

Parking Pl. Franklin Hubert Street Alley Cortlandt 33,862 BSF 23,772 GSF Commercial Hudson Street 1 465-469 Washington Street 16 15 Leonard Street 8 Bayard Street 6 $1,475,00091-95 Chambers - 2000 Street 355 & 361 Greenwich Street 4 Franklin Street 1 4,525$1,850,000 GSF - 2003 Greenwich Street 486-500481-487 CanalWashington Street Street 11,670 BSF N. Moore Street 9 2

Collect Pond $3,650,00047,600 GSF - 2002 1 Benson 2 Park 459 Washington Street 7 233 Broadway 3 Pl. 2 119 Chambers Street West Street $950,000 - 1997 5 Columbus 2 475 Greenwich Street aka 3,300The Woolworth GSF Building Leonard Street 443-453 Greenwich Street Franklin Street Hogan Place Park 486-500 Canal Street $725,000 - 2002 Baxter $115,000,000 - 2006 6 4 40,000 GSF, 3-Story 3 175Residential Franklin Street Catherine Lane 8 Street $1,850,000 - 2003 415 Greenwich Street 3 443-453 Greenwich Street 5,040 GSF 174 Hudson Street Harrison Street 1 465-469 Washington Street Staple Street TriBeCa $1,900,000217,500 GSF, - 1995 7-Story Leases Broadway West 4 604 ThomasUnits, 5-Story Street (W) Street Church Civic Center Worth Street $1,150,000 - 1997 Broadway Thomas 4 174 Hudson Street Thomas Street Trimble Pl. 169-175 Hudson Street 1 Mixed-Use14 Barclay Street Jay Street 10 Paine 60,000 GSF, 6-Story 2 459 Washington Street Park $1,900,000 - 1996 $174,000 - 2000 5 Park Row 5 13112 DuaneUnits, 7-StoryStreet (W)- Duane Foley 5 $940,000 - 1996 1 13-17 Laight Street Park 5 38-44 Laight Street 1 4 Square S 3 175 Franklin Street 25 Units, 6 Stores, 6-Story Duane Street Duane Street $4,600,000125,000 GSF, - 1996 7-Story - Warehouse Chatham 6 Units, 6-Story (E) 1 2 5 African Burial Square 6 41-43 Warren Street Ground Monument 6 169-175 Hudson Street $1,750,000 -1998 2 Conversion137-141 Duane Street Street Elk 6 110 Hudson Street Washington 125,000 GSF, 7-Story - Warehouse 4 60 Thomas Street 78,000 GSF, 5-Story Market Reade Street 3 Reade Street $8,000,000 - 2009 7 2 6 3 1

5 Units, 6-Story (E) Park Street Centre 7 6-12 Barclay Street 1 2-6 York Street 7 416-424 Washington Street $26,000,000 - 2000 $4,000,000 - 2000 7 6 16,303155 Franklin GSF Street 5 Chambers Street $1,850,000 - 1995 131 Duane Street Conversion Chambers Street 8 Units, 1 Store, 5-Story 8 110 Hudson Street

8 5,9488 Thomas GSF, Street 10-Story 1 2-6 York Street R 7

6 Warren Street Avenue of the Finest - R.F. Wagner Sr. Place i 90 Chambers Street v

e $2,650,000 - 1999 10,000 GSF North End Avenue Madison Street

r

5 Units, 1 Retail, 5-Story (W) 2

9 155 Franklin Street

Park Place W. City Hall

2 40,000 GSF, 6-Story - Warehouse 6-12 Barclay Street Place James St. T e Murray Street Park 7 r 41-43 Warren Street 324,000 GSF r a 4 c 6 Units, 2 Comm’l, 5-Story (W) e Frankfort Street 10 Civic Center Park Row 8 Thomas Street Gov. Murray Street 9,000 GSF, 5-Story Nelson A. Pace Park Place University Rockerfeller 3 Park Spruce Street Office Parking Retail Retail Leasing Beekman Street Barclay Street 1 2 D

Leases Alley Theater 1 1 1 106 Reade Street 350 Broadway 1 415 Greenwich Street280 Broadway Street Gold 1,700 SF Retail Space Street Nassau 1 $9,350,000 - 1997 80 Cars $26,250,000 - Retail 14 Barclay Street Street William 2,500 GSF

2 Street Pearl Peck 2 140 Franklin Street St. Paul’s 15 Leonard Street S 1,775 GSF, 1-Story 14,500 SF Retail Space Churchyard

Co-ops/Condos Real estate investment services John J. Delury

3 Fulton Street r

108 Reade Street Senior Plaza St

3 233 Broadway reet The 1,500 SF Retail Space Street Dutch Beekman St

1 60 Beach Street 149 Cars Dey Street 10 Condo Units, 7-Story Street Cliff re West Street Titanic Memorial Park John Street Civic Center Cortlandt Street Maiden Lane Fulton Street Hudson River

Platt Street

Office Development Retail Liberty Street Street Pearl Liberty Street Zuccotti Burling Slip West Street Park 1 350 Broadway 1 84-96 White Street 1 Cedar Street Louise Nevelson 120,000 GSF, 10-Story 36,746 BSF 95,00 RSF, 7-Story Washington Street Trinity Place Thames Street Plaza South End Avenue Albany Street Fletcher Street 2

Cedar Street Maiden Lane Water Street Water

1,000,000 GSF Carlisle Street Street William Pine Street Street Front

Real estate investment services Gre Wall Street e Pine Street

07 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Eastern Consolidated SelectSelect Eastern Battery Consolidated Park City, Financial & Fulton

DealsClosed in BatteryTransactions Park City, Financial & Fulton

a y e

t et y Duane Pl. Foley Pearl Street Park Square St. James Street Duane Street Duane Street Chatham African Burial Square Ground Monument Battery Park City Street Elk Washington

Market Reade Street Reade Street Park Street Centre

Residential Parking Retail Chambers Street Catherine 1 Chambers Street

1 Tribeca Bridge Tower 1 1 Sl 450 North End Avenue 211 North End Avenue 1 Rector Park

25 Cars 6,889 GSF + Garage R

Warren Street Avenue of the Finest - R.F. Wagner Sr. Place

150 Units, 25 Story (E) i

v

e North End Avenue Madison Street

r

Park Place W. City Hall

Place James St. T 1 e Murray Street Park r r a c Financial e Frankfort Street Gov. Murray Street Park Row South Street Nelson A. Park Place Rockerfeller Park Spruce Street Office Commercial Development Beekman Street

Barclay Street Dover Street Theater Alley Theater

1 1 1 133-135 Greenwich Street 1 83 Maiden Lane Street Gold

155,418 GSF, 13-Story 357,000 GSF, 35-Story 150,000 BSF Street Nassau 2 1 1 3 Street William Sold Twice 2010 & 2012 4 Vesey Street 2

2 2 Fulton Street Pearl Peck Slip 2 84 William Street 68-72 William Street St. Paul’s

350,000 GSF, 22-Story 124,000 GSF, 17-Story 18,767 BSF Churchyard Ann Street 1 Water Street Water Battery Park Fulton Street 2 1 John J. Delury

3 101 Maiden Lane 3 3 151-159 Maiden Lane Senior Plaza Street Front Dutch Street Dutch 26,500 GSF, 6-Story 400,000 GSF, 31-Story 1,107,740 BSF City 5 6 2 Beekman Street Dey Street 3

80-90 Maiden Lane 4 4 6-12 Water Street & 1 Street Cliff 535,000 GSF 32 Pearl Street West Street Titanic $34,500,000 - Financing - 1997 Memorial 126,000 BSF Park Financing John Street Cortlandt Street 5 56-58 Pine Street Maiden Lane 1 Fulton Street Hudson River 90,000 GSF, 16-Story 1 110-112 Greenwich Street 1 50,000 GSF Commercial

Leases 2 Platt Street Liberty Street Street Pearl 6 2 Rector Street 1 Liberty Street 1 Zuccotti 414,000 GSF, 26-Story 2 West Street Burling Slip Street 1 1 84 William Street 3 Park 2 240,000 GSF Parking Garage Cedar Street Louise Nevelson

10-Year Lease in Commercial Building Washington Street Trinity Place Plaza 7 Thames Street 2 100 Wall Street 4 3 475,000 GSF, 29-Story South End Avenue Albany Street 1 Fletcher Street 5

Cedar Street Maiden Lane 1 Street Water

Carlisle Street Street William Eastern Consolidated Select Battery Park City, Financial & Fulton 8 Co-ops/Condos Note Sales

56-58 Beaver Street Pine Street Street Front 90,000 GSF, 16-Story 1 1 5 Hanover Square aka 6 1 80 John Street - Unit 12F 66-74 Beaver Street Greenwich Street 9 Wall Street Closed Transactions 70-72 1 Condo Unit Office 325,000 GSF Pine Street Broadway 7 15,218 GSF, 5-Story West Thames New Street

Rector Street

a y

B e Rector H t et Park y Pl. Financial a Foley r Pearl Street n o Park Square St. James Street o a Duane Street Duane Street Rector v Wall Street d Chatham e African Burial Parking Retail Leasing Park r Square Ground Monument Residential S S Exchange Place 1 tr Battery Park City Street Elk t e r e ee 1 t Washington Market Reade Street Reade Street 1 t

1 2 Park Street Centre 1 110-112 Greenwich Street 15 William Street 44 Trinity Place Gouverneur Lane 1,800 SF Retail Space 59 Units, 14 Story (E) 166 Cars Residential Parking Catherine W. Thames Street 8 Retail Chambers Street Morris Street 1 Chambers Street Tribeca Bridge Tower 1 1 211 North End Avenue 1 1 Rector Park Sl t 450 North End Avenue 3 e

25 Cars 6,889 GSF + Garage R e Mill Lane Warren Street Avenue of the Finest - R.F. Wagner Sr. Place

r 150 Units, 25 Story (E) i Morris Street t v

e Old Slip North End Avenue Western Union Int’l Plaza Madison Street S r

9

m

3rd Place a Park Place W. City Hall i

l Place James St. l i T 1 e Murray Street Park Fulton W South Street r r a . c Beaver Street S Financial e Frankfort Street Park Row 2nd Place Coentities Slip Gov. Murray Street South Street Nelson A. Park Place Bowling Rockerfeller Marketfield Street Park Spruce Street Green Office Commercial Development Beekman Street 1st Place Barclay Street Dover Street

Office Commercial Development Alley Theater

1 1 1 133-135 Greenwich Street 1 83 Maiden Lane 116 John Street Street Gold

150,000 BSF Street Nassau 2 1

Battery Place 155,418 GSF, 13-Story 357,000 GSF, 35-Story 1 3 Street William Sold Twice 2010 & 2012 4

1 19-21 Beekman Street 1 1 Vesey Street 2 102-104 Fulton Street 33 Beekman Street Street Pearl 4 Water Street2 90 West Street 2 2 68-72 William Street Fulton Peck Slip 25,039 GSF, 6-Story Bridge Street 84 William Street St. Paul’s

40,500 GSF, 7-Story 98,210 BSF 350,000 GSF, 22-Story 124,000 GSF, 17-Story 18,767 BSF Churchyard Ann Street 1 Water Street Water

PearlMoore Street St. Battery Park Fulton Street 2 1 John J. Delury 3 Street Front Ba 101 Maiden Lane 3 21 West Street 3 151-159 Maiden Lane Senior Plaza 2 tte 26,500 GSF, 6-Story Street Dutch 2 116 Nassau Street Street ry P 400,000 GSF, 31-Story 1,107,740 BSF City 5 lace S 6 2 Beekman Street ta Dey Street 3

115,000 GSF, 7-Story 130,000 GSF, 12-Story t 80-90 Maiden Lane e 4 6-12 Water Street & 1 Street Cliff Retail 4 S 535,000 GSF 32 Pearl Street West Street Titanic tr $34,500,000 - Financing - 1997 Memorial Battery e 126,000 BSF Park e Financing John Street 3 t Cortlandt Street 3 44 Gold Street Park 5 Maiden Lane Fulton Street 47 Ann Street 1 56-58 Pine Street 1 119 Fulton Street Hudson River 30,000 GSF, 7-Story 6,265 GSF, 5-Story 90,000 GSF, 16-Story 1 110-112 Greenwich Street 1 4,200 GSF, 1 Unit Peter Minuit Place 50,000 GSF Commercial

Leases 2 Platt Street Liberty Street Street Pearl 6 2 Rector Street 1 Liberty Street 1 Zuccotti 414,000 GSF, 26-Story 2 West Street Burling Slip 15 William Street 1 1 4 156 William Street 1 84 William Street 3 Park 2 110 Fulton Street 240,000 GSF Parking Garage Cedar Street Louise Nevelson

10-Year Lease in Commercial Building Washington Street Trinity Place Plaza 218,900 GSF, 12-Story 7 Thames Street 2 1,100 GSF, 2 Units 100 Wall Street 4 3 Sold Twice in 2000 and 2005 Residential 475,000 GSF, 29-Story South End Avenue Albany Street 1 Fletcher Street 5

Cedar Street Maiden Lane 1 Street Water 8 Co-ops/Condos Note Sales Carlisle Street Street William

5 South 56-58 Beaver Street Pine Street Street Front 17-23 John Street 1 264 Water Street 90,000 GSF, 16-Story 1 1 5 Hanover Square aka 6 130,000 GSF, 16-Story 1 Greenwich Street 27 Units, 8-Story (E) Note Sales 80 John Street - Unit 12F 66-74 Beaver Street Wall Street 9 70-72 Broad Street 1 Condo Unit Office 325,000 GSF Pine Street Broadway 7 15,218 GSF, 5-Story West Thames New Street

Rector Street

Rector B 6 2 Park H 29 John Street 21-23 Peck Slip 1 Park Financial a r n 59 John Street o o a Rector v Wall Street d e 68,000 GSF, 16-Story 20 Units, 6-Story (E) Parking Retail Leasing Park r

Retail Condo 7,800 GSF Residential S S Exchange Place t t 1 re r e ee 1 t 1 1 t 2 1 110-112 Greenwich Street 15 William Street 44 Trinity Place Gouverneur Lane 59 Units, 14 Story (E) 166 Cars 1,800 SF Retail Space W. Thames Street 8 Morris Street

t 3 e e Mill Lane r Morris Street t Old Slip Western Union Int’l Plaza S 9

m 3rd Place ia ill Fulton W South Street . Real estate investment services Beaver Street S 2nd Place Coentities Slip Bowling Green Marketfield Street Office Commercial Development 1st Place

Battery Place Stone Street 1 19-21 Beekman Street 1 1 102-104 Fulton Street 33 Beekman Street 4 25,039 GSF, 6-Story 40,500 GSF, 7-Story 98,210 BSF Bridge Street Water Street

PearlMoore Street St. Ba tte 2 116 Nassau Street 2 130 William Street ry P lace S Whitehall Street 115,000 GSF, 7-Story 130,000 GSF, 12-Story ta Retail te S t Battery re e 3 Park t 3 47 Ann Street 44 Gold Street 1 6,265 GSF, 5-Story 119 Fulton Street 30,000 GSF, 7-Story 4,200 GSF, 1 Unit Peter Minuit Place

4 156 William Street 1 110 Fulton Street 218,900 GSF, 12-Story 1,100 GSF, 2 Units Sold Twice in 2000 and 2005 Residential

South Ferry 5 17-23 John Street 1 264 Water Street 130,000 GSF, 16-Story 27 Units, 8-Story (E) Note Sales

6 29 John Street 2 21-23 Peck Slip 1 59 John Street 68,000 GSF, 16-Story 20 Units, 6-Story (E) Retail Condo 7,800 GSF

Real estate investment services08 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services Eastern Consolidated’s Lower Manhattan Current Sales Exclusives

South Cove Plaza - 50 Battery Place

Property Type Residential - 208 Units Location Battery Park City Square Footage 239,165 Asking Price $95,000,000

40-42 Exchange Place

Property Type Office Location Financial District Square Footage 251,700 Asking Price In Contract

481 Washington Street Property Type Retail Condo Location Hudson Square Square Footage 4,781 Asking Price In Contract

09 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Eastern Consolidated’s Recent Lower Manhattan Closed Sales Transactions

100 Greenwich Street

Property Type Residential - 59 Units Location Financial District Square Footage 66,530 Price $52,850,000

175 Franklin Street

Property Type Mixed-Use Location Tribeca Square Footage N/A Price $10,250,000 Bridge Refinance Loan

415 Greenwich Street

Property Type Retail Condo Location Tribeca Square Footage 5,040 Price $10,151,250

131-135 Duane Street

Property Type Development Location Tribeca Square Footage 30,000 Price $18,500,000

010 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Eastern Consolidated’s Recent Lower Manhattan Closed Sales Transactions

90 Chambers Street

Property Type Residential - 5 Units Location Tribeca Square Footage 8,885 Price $8,500,000

311 Church Street

Property Type Mixed-Use Location Tribeca Square Footage 8,738 Price $6,250,000 Cash-Out Refinance Loan

119 Fulton Street

Property Type Retail Condo Location Financial District Square Footage 4,200 Price $4,800,000

11 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Eastern Consolidated’s Lower Manhattan Current Retail Exclusives

99 Wall Street Property Type For Lease Location Financial District Square Footage 300 Asking Rent $395 PSF Possession Immediate

140 Franklin Street Property Type For Lease - Multiple Spaces Available Location Tribeca Square Footage 7,600 Ground Floor: $140 PSF Asking Rent Lower Level: $40 PSF Possession Immediate

143 Chambers Street Property Type For Lease - Multiple Spaces Available Location Tribeca Square Footage 5,400 Asking Rent $42,000 Per Month Possession Immediate

43 Property Type For Lease Location Chinatown Square Footage 2,300 Asking Rent $110 PSF Possession Immediate

12 | MetroGrid Report: Lower Manhattan FOCUS ON NYC SUBMARKETS Real estate investment services

Eastern Consolidated’s Recent Lower Manhattan Closed Retail Transactions

28, 42 & 44 Trinity Place aka 69-79 Greenwich Street Lease Date November 2014 Location Financial District Square Footage 1,800 SF Tenant Dream Spa

108 Reade Street - Retail Condos Lease Date September 2015 Location Tribeca Square Footage 1,500 SF Tenant Livly: Children’s Clothing Store

140 Franklin Street

Lease Date July 2015 Location Tribeca Square Footage 10,000 SF Tenant Confidential

106 Reade Street - Retail Condos

Lease Date January 2015 Location Tribeca Square Footage 1,500 SF Tenant Jacadi: Children’s Clothing Store

13 |