34-36 East 4Th Street

TWO 5-STORY MIXED-USE BUILDINGS FOR SALE 50’ OF FRONTAGE • 36 UNITS • HEART OF NOHO

34-36 East 4th Street

PROPERTY FEATURES

LOCATION On the south side of East 4th Street between Bowery and Lafayette Street

BLOCK / LOTS 531 / 30 & 31

34 E 4TH (LOT 30) 36 E 4TH (LOT 31) COMBINED LOT SIZE 25.33' x 95' 25.33' x 95' 50.66' x 95' BULDING SIZE 25.33' x 86' 25.33' x 86' 50.66' x 86' STORIES 5 5 GROSS SF 9,625 9,625 19,250 COMMERCIAL UNITS 1 2 3 RESIDENTIAL UNITS 16 17 33

HISTORIC DISTRICT NoHo Historic District ZONING M1-5B BASE ZFA 5.00 FINANCIAL SUMMARY LOT SQUARE FOOTAGE 4,807 EFFECTIVE $1,161,571 TOTAL BSF 24,035 GROSS INCOME COMBINED GROSS SF 19,250 AIR RIGHTS Sold EXPENSES - $448,427

$713,144 ASKING PRICE: $21,000,000 ASSESSMENT (18/19) $2,475,270 NOI FULL TAXES (18/19) $314,830

Note: All square footages and measurements are approximate PROPERTY DESCRIPTION

JLL has been exclusively retained to sell 34-36 East 4th Street, two mixed-use 34 East 4th Street consists of 1 retail unit and 16 apartments while 36 East 4th buildings located in the heart of Manhattan’s NoHo neighborhood. Positioned Street has 2 retail units and 17 apartments. The majority of the two buildings, or between two of the most vibrant arteries in the city, Bowery and Lafayette Street, approximately 70%, consist of 1-bedroom apartments while the remaining units the buildings benefits from over 50’ of frontage on East 4th Street. Furthermore, are studios. Of the 33 apartments, 20 are Free Market (60%), 12 are Rent Stabilized NoHo is considered one of the city’s most highly sought-after areas considering its (35%) and 1 is Rent Controlled (5%). Considering the buildings have interior proximity to SoHo, Nolita, Lower East Side and Greenwich, West and East Villages. airshafts and a rear yard, all apartments benefit from abundant windows and 34-36 East 4th Street is incredibly unique due to the fact that this representsTEDDY GALLIGAN the light. This is especially important when determining creative apartment layouts, a first time the property has been made available for sale in 25 years.Associate characteristic that the new owner can take advantage of. +1 000 000 0000 The two adjacent mixed-use buildings stand 5-stories tall and [email protected] a combined NoHo is widely regarded as one of the most attractive residential neighborhoods 19,184 gross square feet. While the two buildings are positioned on their own in the city, which has drawn the attention of many high-profile retailers, individual tax lots, they share a boiler and mechanicals and are therefore being restauranteurs, and residents. Some of the popular destinations include La sold as a package. There are a total of 33 apartments and 3 stores throughout both Colombe, Lafayette, ACME, il Buco, The Wren, Mile High Run Club, SoulCycle, buildings. The retail component is home to Swift Hibernian Lounge, one of New Equinox and many more. The neighborhood hosts all walks of life, from students York City’s most famous taverns as well as Ogawa, a Japanese restaurant popular attending NYU to designers creating the next fashion trends. As a result of the among sushi lovers, and Misirizzi, an Italian restaurant known for its homemade iconic environment that NoHo epitomizes, there is a significant amount of demand pasta and authentic atmosphere. for apartments such as those at 34-36 East 4th Street.

For more information or inspection, please contact Exclusive Agents:

BOB KNAKAL BROCK EMMETSBERGER GUTHRIE GARVIN JONATHAN HAGEMAN DARRAGH CLARKE Chairman, NY Investment Sales Managing Director Managing Director Managing Director Associate +1 212 812 5973 +1 212 377 2279 +1 212 377 2133 +1 212 812 5995 +1 212 812 6501 [email protected] [email protected] [email protected] [email protected] [email protected]

DISCLAIMER Although information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2018. Jones Lang LaSalle IP, Inc. All rights reserved 34-36 East 4th Street RENT ROLL

34-36 EAST 4TH STREET - COMMERCIAL REVENUE UNIT TENANT LEASE EXPIRATION MONTHLY RENT ANNUAL RENT 34 - Retail Swift Hibernian Lounge 4/30/2025 $16,230 $194,760 36 - Retail West Ogawa Sushi 5/26/2026 $9,124 $109,488 36 - Retail East Misirizzi 1/31/2020 $4,814 $57,765 TOTAL $30,168 $362,013

34 EAST 4TH STREET - RESIDENTIAL REVENUE UNIT STATUS SIZE LEASE EXPIRATION MONTHLY RENT ANNUAL RENT 2FE RS 1 Bedroom 1/31/2020 $2,369 $28,426 2FW FM 1 Bedroom 3/31/2019 $2,395 $28,740 2RE RS 1 Bedroom 1/31/2020 $2,294 $27,527 2RW FM 1 Bedroom 2/28/2019 $2,465 $29,580 3FE FM 1 Bedroom 2/28/2019 $2,545 $30,540 3FW RS Studio 11/30/2018 $748 $8,976 3RE RS Studio 12/31/2020 $631 $7,570 3RW FM 1 Bedroom 5/31/2019 $2,495 $29,940 4FE RS 1 Bedroom 12/31/2018 $2,935 $35,216 4FW RS Studio 1/31/2020 $695 $8,335 4RE FM 1 Bedroom 5/31/2019 $2,380 $28,560 4RW FM 1 Bedroom 3/31/2019 $2,540 $30,480 5FE FM 1 Bedroom 3/31/2019 $2,450 $29,400 5FW FM 1 Bedroom 4/30/2019 $2,445 $29,340 5RE RC Studio 12/31/2034 $178 $2,132 5RW FM 1 Bedroom 4/30/2019 $2,445 $29,340 TOTAL $32,008 $384,101

36 EAST 4TH STREET - RESIDENTIAL REVENUE UNIT STATUS SIZE LEASE EXPIRATION MONTHLY RENT ANNUAL RENT 1RW* RS Studio 11/30/2020 $636 $7,629 2FE FM 1 Bedroom 7/31/2019 $2,435 $29,220 2FW* RS Studio 10/31/2019 $782 $9,381 2RE FM 1 Bedroom 3/31/2019 $2,370 $28,440 2RW RS Studio 1/31/2019 $640 $7,679 3FE FM 1 Bedroom 6/30/2019 $2,535 $30,420 3FW FM 1 Bedroom 7/31/2019 $2,585 $31,020 3RE FM 1 Bedroom 10/31/2019 $2,595 $31,140 3RW FM 1 Bedroom 3/31/2019 $2,415 $28,980 4FE* RS Studio 2/28/2019 $709 $8,504 4FW FM 1 Bedroom 8/31/2019 $2,475 $29,700 4RE* RS Studio 11/30/2019 $629 $7,553 4RW RS Studio 7/31/2019 $2,525 $30,300 5FE FM 1 Bedroom Vacant $3,200 $38,400 5FW FM 1 Bedroom 7/31/2019 $2,695 $32,340 5RE FM 1 Bedroom 7/31/2019 $2,535 $30,420 5RW FM 1 Bedroom 9/30/2019 $2,385 $28,620 TOTAL $34,146 $409,746 * SCRIE tenants Vacant, rent projected

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REVENUE TENANCY MIX COMBINED COMMERCIAL REVENUE $362,013 % OF MONTHLY AVG TYPE COUNT COMBINED RESIDENTIAL REVENUE $793,847 TOTAL RENT RENT COMMERCIAL TAX REIMBURSEMENTS* $28,828 FM 20 61% $50,385 $2,519 VACANCY & CREDIT LOSS (2%) - $23,117 RC 1 3% $178 $178 EFFECTIVE GROSS REVENUE $1,161,571 RS 12 36% $15,591 $1,299 TOTAL 33 100% $66,154 - * Each retail tenant is responsible for a portion of the full R.E. taxes (Swift 10%; Ogawa 5%; Misirizzi 5%) Tenancy Mix

RC, 3% RS, 36% EXPENSES $/SF $/Unit

FM, 61% REAL ESTATE TAXES (18/19) Full Taxes $314,830 $16.35 $8,745 INSURANCE $1.25 / GSF $24,063 $1.25 $668 WATER & SEWER $0.65 / GSF $12,513 $0.65 $348 1 2 3 HEAT (#2 OIL) $1.65 / GSF $31,763 $1.65 $882 UNIT MIX ELECTRIC $0.25 / GSF $4,813 $0.25 $134

TYPE COUNT % OF TOTAL REPAIRS & MAINTENANCE $500 / Unit $16,500 $0.86 $458 STUDIO 10 30% PAYROLL & BENEFITS $175 / Week $9,100 $0.47 $253 1 BEDROOM 23 70% MANAGEMENT 3.0% of EGI $34,847 $1.81 $968 TOTAL 32 100% TOTAL EXPENSES Exp. Ratio: 38.61% $448,427 $23.29 $12,456 Unit Mix

1 BR, 70% NET OPERATING INCOME $/SF Studio, 30% EFFECTIVE GROSS INCOME $1,161,571 $60.34 LESS EXPENSES - $448,427 $23.29

1 2 NET OPERATING INCOME $713,144 $37.05

ASKING PRICE: $21,000,000

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E 4TH ST 50.6’

BLOCK LOT LOT 531 95’ 30 31 BOWERY LAFAYETTE ST LAFAYETTE

GREAT JONES ST

IL BUCO

IL BUCO ALIMENTARI

BOWERY ACME

GREAT JONES ST

B BAR & GRILL

E 4TH ST

2 COOPER SQ LAFAYETTE ST

ASKING PRICE: $21,000,000

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