1013 Sixth Avenue New York, New York 10018 CONFIDENTIALITY & DISCLAIMER

1013 Sixth Avenue New York, New York 10018 CONFIDENTIALITY & DISCLAIMER | 1013 Sixth Avenue

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT FOR MORE DETAILS. TABLE OF CONTENTS | 1013 Sixth Avenue Section 1: Property Overview Section 2: Pricing and Financial Overview PROPERTY OVERVIEW PROPERTY OVERVIEW | 1013 Sixth Avenue

INVESTMENT HIGHLIGHTS

• High-Density Potential Development Site • 25 Feet of Frontage on Sixth Avenue • Five Commercial Units • 22,200 Developable Square Feet • Long-Term Ownership • Possible Assemblage with Adjacent Parcels

Marcus & Millichap is the exclusive sales broker for 1013 Avenue of the Americas, a four-story commercial building between 37th Street and 38th Street in Midtown West.

The subject property is located in the center of Midtown West-Fashion District, one of the city's premier commercial neighborhoods. It has the potential for major office, luxury hotel or residential development when combined with adjacent parcels.

The subject property contains five commercial units, three of which are currently occupied. All three tenants are currently on month-to- month leases.

The subject property measures approximately 25 feet by 51 feet totaling approximately 5,495 square feet and sits on a 25 foot by 60-foot C6-6 zoned lot (maximum 15 floor area ratio). There are approximately 16,705 square feet of additional developable square feet, and the building is neither landmarked nor part of a historic district.

PROPERTY SUMMARY

THE OFFERING SITE DESCRIPTION Property Address 1013 Sixth Avenue Number of Commercial Units 5 New York, NY 10018 Number of Stories 4 Assessor’s Parcel Number 813-37 Year Built 1920 Zoning C6-6, MiD Gross Square Feet 5,495 Maximum Allowed FAR 15 Lot Size 25 ft x 60 ft FAR as Built 3.71 Building Size 25 ft x 51 ft Remaining Developable Square Feet (Air Rights) 16,705 Type of Ownership Fee Simple Total Buildable Square Feet 22,200 -

TAX LOT MAP

PROPERTY PHOTOS

3 PROPERTY OVERVIEW | 1013 Sixth Avenue

INTERIOR PHOTOS

4 PROPERTY OVERVIEW | 1013 Sixth Avenue

INTERIOR PHOTOS

Basement Third Floor

5 PROPERTY OVERVIEW | 1013 Sixth Avenue

LOCAL & REGIONAL MAPS

AERIAL MAP

AERIAL PHOTO

310 W. 40th St.

350 W. 39th St.

252 W. 40th St.

One Hudson Yards

Three Hudson Blvd. 333 W. 38th St. SUBJECT 334 W. 36th St. PROPERTY

1225 Broadway

11 W. 37th St.

Target

OFFERING SUMMARY

PROPERTY Price $16,800,000 Zoning C6-6, MiD Price Per Buildable SF $756 Gross Square Feet 5,495 Number of Commercial Units 5 Buildable Square Feet 22,200 Number of Stories 4 Lot Size 25 ft x 60 ft Year Built 1920 Building Size 23 ft x 51 ft

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 10 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2017 Marcus & Millichap. All rights reserved. PRICING AND FINANCIAL ANALYSIS | 1013 Sixth Avenue RENT ROLL Commercial Units Pro Forma Tenant Name SF (est.) Lease End Status Notes Current Rent/SF Current Rent Pro Forma Rent Rent/SF Sani Krupa 1150 10/31/2015 Month to Month Tenant pays 40% of annual tax increases $ 125.21 $ 12,000.00 $ 260.87 $ 20,000.00 Abe's Tailor 760 4/30/2016 Month to Month Tenant pays 15% of annual tax increases $ 38.37 $ 2,430.00 $ 78.95 $ 5,000.00 390 Vacant $ - $ - $ 76.92 $ 2,500.00 1150 Vacant $ - $ - $ 73.04 $ 7,000.00 Art Photo Studio 1150 7/31/2016 Month to Month $ 36.16 $ 3,465.00 $ 73.04 $ 7,000.00 Total Monthly Commercial Rent $ 17,895.00 $ 41,500.00 Total Annual Commercial Rent $ 214,740.00 $ 498,000.00 *Tenants pay their own water, heat and electric

INCOME & EXPENSES FINANCING Current Per Unit Pro Forma Per Unit For financing information, please contact: Income Kyle Young GROSS POTENTIAL INCOME $214,740 $44,148 $498,000 $99,600 Marcus & Millichap Capital Corporation Vacancy/Collection Allowance (3.0%) $6,622 $1,324 $17,640 $3,528 (212) 430-5217 EFFECTIVE GROSS INCOME $208,118 $42,824 $480,360 $96,072

Expenses Real Estate Taxes $61,078 $12,216 $61,078 $12,216 Insurance $12,500 $2,500 $12,500 $2,500 Electricity $1,800 $360 $2,000 $400 Repairs & Maintenance $1,200 $240 $1,200 $240 Management Fee (5%) $10,706 $2,141 $28,518 $5,704 General & Administrative $700 $140 $700 $140 Reserves & Replacements $2,000 $400 $2,000 $400 Legal $1,000 $200 $1,000 $200 Supplies $500 $100 $500 $100 TOTAL EXPENSES $91,484 $18,297 $109,496 $21,900 Expenses per SF $16.65 $19.93 % of EGI 43.96% 22.79%

NET OPERATING INCOME $116,634 $24,527 $370,864 $74,172 *Tenants pay their own water, heat and electric