Exclusively Listed by RM Friedland LLC Page 1 of 7

MULTIFAMILY Asking 5.6% 12.8 x $298 $272k FOR SALE $8,695,000 Cap Rate Rent /SF /unit OwnOwn a a 2008 2008 Built Built Mixed-Use Mixed-Use BuildingBuilding JustJust OffOff Allerton Allerton Avenue Avenue OnOn White White Plains Plains Rd. Rd. && BenefitBenefit from aa 421a421a withwith ~14 ~14 Years Years Left Left

2542-48 White Plains Road, Bronx, NY 10467 (Parcel #: 4433-123,24,25,26) Allerton, Bronx, NY Team Lala of RM Friedland is pleased to present the opportunity to own a 421 abated, 32 unit, mixed-use building located steps from the Allerton Avenue 2/5 Tenants Pay for Subway station on White Plains Road in the Bronx. The property consists of twenty Heat and Hot Water four residential apartments and eight storefronts and is located on the east side of White Plains Road just south of Allerton Avenue.

24 Residential Unit Tenants pay their own utilities and the 25yr 421a tax abatement commenced Plus 8 Storefronts upon issuance of the certificates of occupancy in 2008. Each building has an expanded bulkhead with a room for individual residential heating systems. There are six gas boilers and six hot water tanks in each bulkhead. Steps From Allerton Avenue To maximize retail space, the buildings have been configured with one entrance 2/5 Train Station at building 2542 and residential access to all four buildings from the second floor hallway. Building 2542 also features a full basement with electric and gas meters for the four properties. 2008 Construction With 421a Abatement Everything is relatively new and some other features include a tile lobby floor, terraces, stainless steel appliances, 'open concept' apartments, security cameras and a well-kept 'GAF style' paper roof. ------CONTACT EXCLUSIVE AGENTS ------Marco Lala • 914.380.3806 Jack Lala • 914.363.7903 [email protected] [email protected]

Dave Raciti • 914.775.7322 Michelle Lala • 914.861.3183 [email protected] [email protected]

TeamLalaCRE.com Exclusively Listed by RM Friedland LLC Page 2 of 7 FINANCIAL SUMMARY 2542-48 White Plains Road, Bronx, NY 10467 (Parcel #: 4433-123,24,25,26)

Asking BUILDING DETAILS BUILDING SQUARE FEET $8,695,000 32 Total Units 29,140 Gross SF 24 Residential Apts, 8 Retail Spaces 9,712 Est. Retail SF 12.8 x $678k Gross Dimensions: 99.94' of Frontage 664 SF Avg. Res. Apt. Rent Income 4 Buildings, 4 Stories Each, COs Issued in 2008 est. 12% common area loss Single or Multiple Dwelling with Stores or Offices, (S9) 5.6% $485k NOI PARCEL SIZE ZONING Cap Rate 10,000 Square Feet R6, C2-3 Zone 100 ft x 100 ft 3.00 - 4.80 Max FAR $298 29,140 /SF Total SF INCOME Current Gross Scheduled Income (GSI) 678,011 $272k less 3% Vacancy Allowance (20,340) 32 Total Units /unit Gross Operating Income (GOI) 657,671 less expenses (172,913) Net Operating Income 484,758 Residential Rents @ Cap Rate 5.6% $1,458 /month /unit $23 /sf /year ESTIMATED ANNUALIZED EXPENSES Retail Rents @ RE Tax 421a (74,137) $27 /retail sf / year Water & Sewer Estimated After Retail Pass Through (19,200) Insurance (14,400) Heat Tenants Pay - FINANCING SCENARIO Year 1 Utilities (4,292) *Illustration only, without appreciation Repairs/Maintenance (16,000) Interest Rate 3.750% Payroll (12,000) Amortization 30 years Legal, Reserves & Misc. (6,577) 25.0% Down Payment $2,173,750 Management @ 4.00% (26,307) 75.0% Loan to Value $6,521,250 Total Expenses (172,913) Annual Debt Service ($362,411) DSCR 1.34 Cash Flow $122,347 UNIT MIX CURRENT MONTHLY INCOME Principal Recapture $119,911 TYPE COUNT /ROOM /UNIT MIN MAX TOTAL

CASH ON CASH RETURN Year 1 3.0 rm 18 475 1,424 932 1,599 25,625 Typical Return 5.63% Self Mgmt. & 100% Occupied 7.77% 4.0 rm 6 390 1,559 1,116 1,776 9,356

TOTAL RETURN Year 1 Retail 8 2,690 2,050 3,005 21,520 Typical Return 11.14% Self Mgmt. & 100% Occupied 13.29% Total Units 32 Total Monthly Income $56,501 Averages $448 /room, $1,458 /unit

------CONTACT EXCLUSIVE AGENTS ------

Marco Lala • 914.380.3806 Jack Lala • 914.363.7903 [email protected] [email protected]

Dave Raciti • 914.775.7322 Michelle Lala • 914.861.3183 [email protected] [email protected]

TeamLalaCRE.com 2542-2548 White Plains Road - Offering Summary Rent Roll Page 3 of 7

Unit Legal Rent Scheduled Rent Unit Rent Lease Name Type + Charges * P = Projected Size Metrics Expiration Notes 2542-48 White Plains Road

2542-2A stabilized $1,580.80 $1,557.00 3.0 rms $519/rm/mo Oct-2020 PREF

2542-2B stabilized $1,474.73 $1,474.73 3.0 rms $492/rm/mo Sep-2021

2542-3A stabilized $1,122.00 $1,122.00 3.0 rms $374/rm/mo Aug-2020

2542-3B stabilized $1,584.72 $1,522.50 3.0 rms $508/rm/mo Nov-2020 PREF

2542-4A stabilized $1,776.25 $1,776.25 4.0 rms $444/rm/mo Aug-2020

2542-4B stabilized $1,736.67 $1,497.13 3.0 rms $499/rm/mo Jun-2020 PREF

2542-STRA retail $2,781.00 $2,781.00 1,425 sf $23/sf/yr Jun-2027 NAILS & BEAUTY SPA - Est. SF

2542-STRB retail $2,700.00 $2,700.00 1,425 sf $23/sf/yr Dec-2019 TESSEY'S INTERNATIONAL KITCHEN - Est. SF

2544-2C stabilized $2,179.81 $1,776.25 4.0 rms $444/rm/mo Apr-2020 PREF

2544-2D stabilized $1,662.06 $1,497.13 3.0 rms $499/rm/mo May-2020 PREF

2544-3C stabilized $1,880.20 $1,550.00 3.0 rms $517/rm/mo Apr-2020 PREF

2544-3D stabilized $1,594.49 $1,486.25 3.0 rms $495/rm/mo Sep-2021 PREF

2544-4C stabilized $1,116.11 $1,116.11 4.0 rms $279/rm/mo Oct-2020

2544-4D stabilized $931.77 $931.77 3.0 rms $311/rm/mo Oct-2020

2544-STRA retail $2,500.00 $2,500.00 1,138 sf $26/sf/yr Apr-2020 RIDA PHARMACY INC - Est. SF

2544-STRB retail $3,005.00 $3,005.00 1,138 sf $32/sf/yr Nov-2031 AFAA ENTERPRISES INC - Est. SF

2546-2E stabilized $1,763.61 $1,522.50 3.0 rms $508/rm/mo Jun-2020 PREF

2546-2F stabilized $1,465.74 $1,465.74 3.0 rms $489/rm/mo Jan-2020

2546-3E stabilized $1,543.65 $1,460.63 3.0 rms $487/rm/mo Mar-2021 PREF; S8 1412.63

2546-3F stabilized $1,181.67 $1,181.67 3.0 rms $394/rm/mo Mar-2021

2546-4E stabilized $1,742.50 $1,742.50 4.0 rms $436/rm/mo Apr-2021

2546-4F stabilized $1,219.05 $1,219.05 4.0 rms $305/rm/mo Oct-2021 S8 1153.05

2546-STRA retail $2,784.16 $2,784.16 1,138 sf $29/sf/yr Mar-2032 DE LA CRUZ, JOSE - Est. SF

2546-STRB retail $2,800.00 $2,800.00 1,138 sf $30/sf/yr Dec-2019 CIBAO BAKERY - Est. SF

2548-2G stabilized $1,789.90 $1,500.00 3.0 rms $500/rm/mo Nov-2019 PREF

2548-2H stabilized $1,599.00 $1,599.00 3.0 rms $533/rm/mo Jul-2021

2548-3G stabilized $1,219.58 $1,219.58 3.0 rms $407/rm/mo Oct-2019 S8 1219.58

2548-3H stabilized $1,623.00 $1,500.00 3.0 rms $500/rm/mo Jul-2018 PREF; S8 1476.00

2548-4G stabilized $1,725.50 $1,725.50 4.0 rms $431/rm/mo Apr-2020

2548-4H stabilized $1,686.13 $1,537.50 3.0 rms $513/rm/mo Aug-2021 PREF

2548-STRA retail $2,050.00 $2,050.00 1,156 sf $21/sf/yr Sep-2020 DANIELS AND KHAN INC - Est. SF

2548-STRB retail $2,900.00 $2,900.00 1,156 sf $30/sf/yr Apr-2021 MICHAEL ANGELO STUDIO - Est. SF

TOTAL 32 Units $58,719.10 $56,500.95 78.0 rms $448/rm/mo Scheduled Annual Rent: $678,011

RMFriedland LLC Investment Sales 2542-2548 White Plains Road - Offering Summary Images & Maps Page 4 of 7

RMFriedland LLC Investment Sales 2542-2548 White Plains Road - Offering Summary Images & Maps Page 5 of 7

RMFriedland LLC Investment Sales 2542-2548 White Plains Road - Offering Summary Images & Maps Page 6 of 7

NYC Tax Map

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RMFriedland LLC Investment Sales 2542-2548 White Plains Road - Offering Summary Property Information Page 7 of 7 Nickname 2542 WPR 2544 WPR 2546 WPR 2548 WPR 4 Buildings LOCATION Address 2542 White Plains Rd 2544 White Plains Rd 2546 White Plains Rd 2548 White Plains Rd 2542-48 White Plains Road City/Boro Bronx Bronx Bronx Bronx Bronx State NY NY NY NY NY Zip Code 10467 10467 10467 10467 10467 Parcel Number 04433-0123 04433-0024 04433-0025 04433-0026 4433-123,24,25,26 Area Allerton Allerton Allerton Allerton Allerton Group n/a n/a n/a n/a n/a Alternate Address 2542 B White Plains Rd 2544 A White Plains Rd 2546 B White Plains Rd 2548 A White Plains Rd n/a PARCEL & ZONING Parcel Count 1 1 1 1 4 Dimensions 28 ft x 100 ft 23.83 ft x 100 ft 23.83 ft x 100 ft 24.34 ft x 100 ft 100 ft x 100 ft SF (Approx) 2,800 2,383 2,383 2,434 10,000 Zoning R6, C2-3 R6, C2-3 R6, C2-3 R6, C2-3 R6, C2-3 Floor Area Ratio 3.00 - 4.80 3.00 - 4.80 3.00 - 4.80 3.00 - 4.80 3.00 - 4.80 Maximum Buildable SF 8,400 - 13,440 7,149 - 11,438 7,149 - 11,438 7,302 - 11,683 30,000 - 48,000 Air Rights 90 - 5,130 263 - 4,552 263 - 4,552 244 - 4,625 860 - 18,860 RE TAX - 18/19 Notice of Value $634,725 $540,820 $540,820 $505,003 $1,008,540 Effective Rate (estimated) 12.719% 12.719% 12.719% 12.719% 12.719% Before Adjustment(s) $80,731 $68,787 $68,787 $64,231 $128,276 Adjustment -$60,111 421a 25yr -$51,222 421a 25yr -$51,222 421a 25yr -$47,572 421a 25yr -$210,127 Estimated Tax Expense $20,620 $17,565 $17,565 $16,659 -$81,851 Est. RE TAX 19/20 Notice of Value $612,360 $555,300 $555,300 $505,003 $2,227,963 Est. Rate 12.612% 12.612% 12.612% 12.612% 12.612% Before Adjustment $77,231 $70,034 $70,034 $63,691 $280,991 Adjustment -$57,345 421a 25yr -$52,254 421a 25yr -$52,254 421a 25yr -$45,000 421a 25yr -$206,853 Est.Tax Expense $19,886 $17,780 $17,780 $18,691 $74,137 BUILDING INFORMATION # of Buildings 1 1 1 1 4 Dimensions 28 ft x 54.8 ft 23.8 ft x 95 ft 23.8 ft x 95 ft 24.34 ft x 65 ft 99.94' of Frontage Stories 4 4 4 4 4 Year Built 2008 2008 2008 2008 2008 Year Last Altered n/a n/a n/a n/a n/a Single or Multiple Single or Multiple Single or Multiple Single or Multiple Single or Multiple Dwelling with Dwelling with Stores or Dwelling with Stores or Dwelling with Stores or Dwelling with Stores or Building Class Stores or Offices Offices Offices Offices Offices (S9) (S9) (S9) (S9) (S9)

VIOLATIONS/PROGRAMS 8/7/2019 8/7/2019 8/7/2019 8/7/2019 1/0/1900 HPD: [A,B,C,I] 0 [0,0,0,0] 0 [0,0,0,0] 2 [1,1,0,0] 1 [0,0,1,0] 3 [1,1,1,0] DOB: (DOB,ECB,Complaint) 0,0,0 0,0,0 0,0,0 0,3,0 0,3,0 Programs (e.g. AEP) n/a n/a n/a n/a 0 Note n/a n/a n/a Stop Work 2018 0 EFFECTIVE UNIT MIX Owner Owner Owner Owner Owner Total Units 8 8 8 8 32 Res.+ Comm. 6+2 6+2 6+2 6+2 24+8 OTHER UNIT MIX C/O 2008 & Pshark C/O 2008 & Pshark C/O 2008 & Pshark C/O 2008 & Pshark C/O 2008 & Pshark Total Units 8 8 8 8 32 Res.+ Comm. 6+2 6+2 6+2 6+2 24+8 SQUARE FEET (EST.) Gross Building Area 8,310 6,886 6,886 7,058 29,140 Commercial 2,850 2,275 2,275 2,312 9,712 Est. 12% Common Area 655 553 553 570 2,331 Residential 4,805 4,058 4,058 4,176 17,097 Est. Avg. Res. Unit SF 801 676 676 696 712

RMFriedland LLC Investment Sales