PRIME DEVELOPMENT PRIME MANHATTAN DEVELOPMENT COMPANY BIO

Prime Manhattan Development focuses on mixed-use luxury residential investments and developments in Prime Manhattan in a manner that helps create and enhance the built environment through a focus on innovative design and superior construction. Prime Manhattan has owned, developed and managed real estate across various asset classes.

GRANT SHAPOLSKY Founder & Managing Principal

Mr. Shapolsky is a third–generation investor / developer. Mr. Shapolsky has been developing Manhattan property for 24 years and his family has been developing for 86. Mr. Shapolsky has spearheaded the acquisition and development of over two million square feet in Prime Manhattan consisting of mostly downtown loft property with a focus on IMD buildings, class B & C office parcels, and the purchase of defaulted loans / spoiled partnership interests. GRANT SHAPOLSKY DEVELOPMENT HISTORY

Mr. Shapolsky has developed, managed and sold New York properties consisting mostly of Manhattan Proper. The history of his family is featured in a permanent traveling exhibit in the Whitney Museum. SHAPOLSKY FAMILY HOLDINGS IN THE WHITNEY MUSEUM

A PERMANENT TRAVELING EXHIBIT

Shapolsky et al. Manhattan Real Estate Holdings, a Real-Time Social System, as of May 1, 1971 - Hans Haake

This Exhibit documents the ownership and control of urban space. The work exposes the properties and transactions of Shapolsky et al. Manhattan Real Estate Holdings, which in 1971 represented the biggest concentration of real estate in New York under one group, and it is still an active corporation today.

The properties of the group were found primarily in the and Harlem, two neighbourhoods characterised by their ethnic and racial minorities. The information was culled from public records and covered approximately twenty years prior to 1971. ` FULL PROJECT INDEX

117-119 West 21st st. 521-523 West 23rd st. 69 East 122nd st. 734 East 6th st. 281 West 114th st. 212-216 East 3rd st. 334 East 4th st. 519 East 6th st. 625-31 East 11th st. 2110 8th ave. 150 East 7th st. 282 East 10th st. 538 East 11th st. 241 East 39th st. 282 West 114th st. 434 1/2 East 75th st. 19 East 21st st. 203 East 29th st. 56 East 132nd st 200 west 145th st. 167 West 21st st. 239 East 5th st. 170 East 122nd st. 407-409 West 52nd st. 110-116 Nassau st. 235 East 3rd st. 284 East 10th st. 307 West 39th st. 736 East 6th st. 267 Water st. 152 East 7th st. 24-26 East 21st. 540 East 6th st. 636 East 11th st. 2192 8th ave. 103 East 15th st. 121 East 110th st. 539 East 11th st. 738 East 6th st. 102 West 115th st. 507-509 West 21st st. 504-506 West 24th st. 214 East 29th st. 10 East 52nd st. 145 Nassau st. 285 East 3rd st. 241 East 5th st. 542 East 6th st. 15 Little West 12th st. 2194 8th ave. 48 East 78th st. 329 East 10th st. 540 East 11th st. 421 W. 54th Street 243-245 West 116th st. 292 East 3rd st. 123 East 110th st. 205 East 29th st. 34-36 West 131st st. 205 west 147th st. 339 East 9th st. 313 East 5th st. 234 East 124th st. 11-15 Leonard st. 52 Willett st. 214 East 17th st. 374-378 East 10th st. 200 West 40th st. 15 Sutton Place 2445 8th ave. 52 East 78th st. 136 East 28th st. 626 East 6th st. 2368 7th Ave. 215 West 117th st. 506-508 West 22nd st. 125 East 110th st. 541 East 11th st. 354 West 54th st. 303 west 147th st. 299 East 3rd st. 530-542 West 27th st. 247 East 124th st. 58 Thomas st. 106 Norfork st. 342 East 9th st. 315 East 5th st. 608-660 West 40th st. 2496-2498 7th Ave. 72 Willett st. 216 East 17th st. 422 East 10th st. 628 East 6th st. 38 East 73rd st. 2447 8th ave. 116 West 22nd st. 158-64 East 28th st. 544 East 11th st. 269 West 132nd st. 274 West 117th st. 305 East 3rd st. 555-561 West 27th st. 7-9 East 32nd st. 333-337 Lafayette st 620 west 148th st. 713 East 9th st. 319 East 5th st. 652 East 6th st. 12 West 83rd st. 166 Norfork st. 220-222 East 17th st. 237-239 East 28th st. 546 East 11th st. 177 Mulberry st. 2449 8th ave. 348 East 92nd st. 69 East 115th st 204-214 East 126th st. 13 Vestry st. 275 West 117th st. 150 E. 22nd Street 556-580 West 28th st. 348 West 42nd st. 728 8th ave. 170 Norfork st. 312 East 3rd st. 519 East 5th st. 656 East 6th st. 153 West 83rd st. 1771-1775 1st Ave. 715 East 9th st. 56 East 11th st. 603 East 11th st. 317 West 134th st. 2722 8th ave. 228 East 3rd st. 261-267 West 35th st. 127 East 36th st. 113 Mulberry st. 102 West 118th st. 729-733 East 9th st. 619 - 623 East 5th st. 357 West 43th st. 730 8th ave. 267 west 154th st. 343-345 East 18th st. 506 East 11th st. 712 East 6th st. 80 West 105th st. 190 Norfork st. 219 East 94th st. 137-139 East 29th st. 608 East 11th st. 10 West 138th st. 1841-1845 1st Ave. 136-138 West 22nd st 248 East 121nd st. 134-136 East 36th st. 20 Union Square 2724 8th ave. 14 East 4th st. 341-345 West 37th st. 227 East 127th st. 734 8th ave. 310 West 118th st. 264 East 4th st. 337 East 6th st. 714 East 6th st. 261-263 West 112th st. 139 Pitt st. 248 - 252 East 10th st. 507 East 11th st. 609 East 11th st. 12 West 138th st. 309 West 119th st 23 East 20th st. 145 East 29th st. 500-502 West 44th st. 215 Madison st. 554 west 183rd st. 335-339 East 95th st. 339 East 6th st. 726 East 6th st. 738 8th ave. 87-89 2nd Ave. 277 East 4th st. 518 East 11th st. 610 East 11th st. 109 West 113th st. 142 9th ave 278 East 10th st. 147 East 29th st.. 235 East 39th st. 56 Watt st. 2094 8th ave 306 West 120th st. 42 East 20th st. 61 East 122nd st. 7 East 131st st. 326 West 113th st. 571 west 183rd st. 511-517 West 23rd st. 300-302 West 38th st. 405-407 West 49th st. 533 west 144th st. 320-322 Pearl st. 332 East 4th st. 517 East 6th st. 730 East 6th st. 111 Mercer st. 311-313 2nd Ave. 280 East 10th st. 528- 532 East 11th st. 624 East 11th st. 58 Watt st. 149 9th ave 194 East 101 st. 194 East 101 st. 239 East 39th st. 2104 8th ave. 309 West 120th st.

. . 521-525 West 19th st. 117-121 Edgecomb Ave. 567 west 183rd st 40-44 Rivington st. 228 East 2nd st. 1546 Park Ave. 281 West 114th st. 334-336 Pearl st. 1691 3rd Ave. 138 East 7th st. 127 Edgecomb Ave. 2110 8th ave. 1844 2nd Ave. 1784 Amsterdam Ave. 537 East 13th st. 375-377 Pleasant Ave. 282 West 114th st. 608 9th ave 75 Bleecker st. 540 West 19th st. 100 Lexington Ave 200 west 145th st. 213 West 121st st. 172 Rivington st. 329 5th Ave. 71 Post Ave. 110-116 Nassau st. 1846 2nd Ave. 1786 Amsterdam Ave. 1123 Broad way 102 Lexington Ave. 267 Water st. 222 West 122nd st. 18 West 126th st. 164 West 128th st. 189 St. Nicholas Ave. 2192 8th ave. 151 & 153 Allen st. 165 Bleecker st. 126 East Broadway 104 Lexington Ave 102 West 115th st. 1850 2nd Ave. 198 Rivington st. 234-238 Henry st. 191 St. Nicholas Ave. 145 Nassau st. 22-26 10th ave. 139 5th Ave. 1-3 St.Marks place 131 Lexington Ave 2194 8th ave. 230 West 122nd st. 304-306 West 126th st. 1027 6th Ave. 342-346St.Nicholas Ave. 243-245 West 116th st. 15 Ann st. 18 West 125th st. 234 East 2nd st. 170 Lexington Ave. 205 west 147th st. 151-153 Reade st. 512 Broome st. 140 East 7th st. 194 Avenue A 52 Willett st. 1852 2nd ave 1683 3rd Ave. 543 East 13th st. 268-270 Lexington Ave 2445 8th ave. 118 10th ave. 460-478 12th ave. 56 East 65th st. 8 Avenue B 215 West 117th st. 239 West 122nd st. 377-381 West 125th st. 264 West 19th st. 803 Lexington Ave 303 west 147th st. 39-45 Ann st. 5 Rivington st. 286-288 East 2nd st. 10 Avenue B 106 Norfork st. 1951 2nd ave 1689 3rd Ave. 142 East 7th st. 71 Avenue C 72 Willett st. 419 10th ave. 521 West 125th st. 545 East 13th st. 1681 Madison Ave. 2447 8th ave. 269 West 122nd st. 17-19 Bleecker st. 202 5th Ave 85 West 128th st. 274 West 117th st. 29 Ridge st. 40-44 Rivington st. 360 Broad way 99 Spring st. 620 west 148th st. 2357 2nd ave 1691 3rd Ave. 49 West 127th st. 152 East 65th st. 166 Norfork st. 232-234 West 1784 Amsterdam Ave. 25 Broad st. FULL PROJECT INDEX 296 East 2nd st. 2449 8th ave. 123rd st. 75 Bleecker st. 204 5th Ave. 144 East 7th st. 275 West 117th st. 30 Bond st. 172 Rivington st. 362 Broad way (cont.) 640 East 13th st. 170 Norfork st. 110 Ridge st. 1786 Amsterdam Ave. 506-508 West 20th st. 226 East 2nd st. 1771-1775 1st Ave. 23-27 3rd ave 18 West 126th st. 170-174 East 3rd st. 136 East 7th st. . 2722 8th ave. 262-280 11th ave. 165 Bleecker st. 146 East 7th st. 7 East 63rd st. 102 West 118th st. 142 West 124th st. 198 Rivington st. 1-3 East 73rd st. 535 East 13th st. 267 west 154th st. 922 3rd Ave. 139 5th Ave. 513-535 West 20th st. 231 Avenue B 190 Norfork st. 96 11th ave 304-306 West 126th st. 183-187 East 3rd st. 2084 Madison Ave. 1841-1845 1st Ave. 172-178 Broome St. 200 Rivington st. 148 East 7th st. 203 79-87 Avenue C 2724 8th ave. 20 Renwick st. 460-478 12th ave. 571 west 183rd st. 155 East 2nd st. 310 West 118th st. 1681 3rd Ave. 377-381 West 125th st. 320-322 Pearl st. 2022-2028 Lexington Ave. 139 Pitt st. 18 West 125th st. 5 Rivington st. 311-313 2nd Ave. 229 Avenue B 309 West 119th st 512 Broome st. 1689 3rd Ave. 149 9th ave 360-368 Lenox Ave. 554 west 183rd st. 1683 3rd Ave. 521 West 125th st. 309 West 120th st 452 West 19th st. 87-89 2nd Ave. 325 5th Ave. 17-19 Bleecker st. Lexington Ave. 134 East 7th st. 142 9th ave 736 Broad way 311 West 127th st. 172 Avenue B 348 East 13th st. 306 West 120th st. 87 West 128th st. 20 Sylvan Terrace 2015 Lexington Ave. 33 East 61st st. 306-308 West 128th st. 174 Henry st. 321 5th Ave. 286-288 Spring st. 856 Lexington Ave. 229-231 Henry st. 241 West Broadway 643 Broadway 222-231 Henry st. 12 Avenue B 68 Bradhurst Ave. 40 West 129th st. 68 West 128th st. 298-300 Spring st. 1891 227 Avenue B 52 St.Marks place 354 323 5th Ave 923 5th Ave. . 155 6th Ave East 14th st. HIGHLIGHTED TRANSACTIONS

44 Hudson Street is located on one of Tribeca's best blocks and facing the tree tops of historic Duane Park (NY's first park purchased in circa 1780).

We will be developing this building as a boutique loft condo which will comprise of four residential units and a retail component.

171 BOWERY is a proposed 10 story commercial office building (the height of 14 stories) containing a boutique retail component facing the very trendy Kenmare Street.

The Property is located in Manhattan’s prime NOLITA.

171 Bowery will contain 9 commercial floor-thru units and an ideal retail component for food & beverage. The units will have 12 foot floor-to-ceiling windows. Starting from the third floor, there will be views of both the Empire State Building and The Freedom Tower.

With no height limitation, this project also has the upside of obtaining more square footage from the neighboring properties. HIGHLIGHTED TRANSACTIONS MM Capital Real Estate - Highlighted Transactions

PROPERTYHIGHLIGHTED DETAILS TRANSACTIONS

22 Renwick Street This is a 12 story new construc2on with 18 units. Completed in 2013. The Renwick Modern

105 Norfolk Street This is a 16 story new construc2on with 32 units. Completed in 2007. Blue Condominium

These are two loN proper2es with a total of 16 units. Purchased for 734-736 Broadway conversion in 2003. This was a value-added play. 734 was ul2mately vacated and sold to Extell Development.

This is a nine story building with nine units. Purchased for conversion in 2002. Value added in acquiring zoning rights by a process of preserving 24-26 East 21st Street commercial floor area in the same zoning district and vacated by us. Ul2mately converted from a commercial loN office property to residen2al condos by The Mendlowitz Family.

Purchased in 2001, this is a 90,000sf parcel that consists of four 530 -542 West 27th Street interconnected loN proper2es and was the home of Twilo Nightclub. We added tremendous value by vaca2ng and ul2mately resold.

A six-story building with five units. Purchased for conversion in 2001. Value 111 Mercer Street added and vacated by us and ul2mately converted in 2012 by Veracity.

25 North Moore Street This is a 17 story building with 44 units. Converted and completed in 2000 The Atalanta Building from a refrigera2on warehouse.

72 Reade Street Eight story building with 12 units. Converted to residen2al condos in 2000 aka 112 Duane Street from a five-story block through commercial loN property.

148 Duane Street This is currently a 7 story Tribeca mansion. Purchased raw and resold in 2000

6 story building with 6 units. Purchased by us for conversion in 1999. Value 139 FiSh Avenue added and vacated by us and ul2mately owner occupied by Thor Equi2es in 2000. MM Capital Real Estate - Highlighted Transactions

PROPERTYHIGHLIGHTED DETAILS TRANSACTIONS (cont.)

5 story building purchased in 1999. Value added with buyout of tenants, 357 Bowery renovated units, ul2mately raised the rent roll and resold.

116 West 22nd Street Purchased in 1997. A block-thru loN property which we bifurcated and sold aka 117-119 West 21st both the 21st and 22nd street sides separately. Street

377-381 West 125th Street We purchased in 1997, renovated empty units, rented, sold.

608 Ninth Avenue Purchased by us in 1996. Bought out tenants, evicted tenants, renovated, aka 357 West 43rd Street raised the rent roll, and sold.

Purchased in 1996. 5-Story user building; added value to by vaca2ng and 167 West 21st Street renova2ng. Sold to an investor with 1031 monies.

Purchased in 1996. 2-story user building we added value to by 434.5 East 75th Street renova2ng. Sold to a doctor.

Purchased in 1995. 2-story tax payer which was the key to an assemblage 348 West 42nd Street and we ul2mately sold to Extell Development.

Purchased in 1994. Package of 5-story tenement houses, we bought out 734-738 Eighth Avenue many tenants, added value and sold. 736 Eighth Avenue was the legendary Capri Theatre. PRIME MANHATTAN DEVELOPMENT LLC WWW.PRIMEMANHATTANDEV.COM 171 BOWERY, NEW YORK NY 10002 646.316.2038