98 Orchard Street, Lower East Side, Manhattan

Investment Opportunity Lower East Side | Manhattan LONG TERM OWNERSHIP 98 ORCHARD STREET

RKF INVESTMENT SALES & ADVISORY SERVICES HAS BEEN EXCLUSIVELY RETAINED FOR THE SALE OF 98 ORCHARD STREET.

RKF Investment Sales & Advisory Services has been retained as the exclusive agent for the sale of 98 Orchard Street (the "Property"), a ± 9,563 square foot, mixed-use building with 15 apartments and a ground floor commercial space located on Manhattan’s Lower East Side.

RKF INVESTMENT SALES & ADVISORY SERVICES 98 ORCHARD STREET | INVESTMENT OPPORTUNITY

NEW DEVELOPMENTS The Lower East Side is a neighborhood in lower Manhattan, bounded by Canal Street, Houston Street, Bowery and the East River. Like other neighborhoods in the city, it has undergone successive transformations—from a colonial-era farm into a working-class district where immigrants lived in tenement buildings, and from a hub of nightlife, music and art into an enclave for wealthy New Yorkers. More than 30 permits have been filed for new development in this vibrant area in the last year.

ESSEX CROSSING Essex Crossing is a planned mixed-use development in the Lower East Side, specifically at the intersection of Delancey Street and Essex Street just north of Seward Park, in part of an existing area known as the Seward Park Urban Renewal Area (SPURA). The $1.1 billion mega-project will sit on a total of nine city blocks. Construction began in mid-2015 and is expected to conclude by 2024.

Upon its completion, Essex Crossing will host a new and expanded Essex Street Market, restaurants, office space, a movie theater and a park. Retail tenants, such as Trader Joes, Target, Planet Fitness and Regal Cinemas have signed on to be part of the project. The development is also set to include 1,000 residential units. The first phase of Essex Crossing, which includes four new buildings and Market Line, a 150,000-SF marketplace connecting the buildings to the Essex Street Market, is slated to open Quarter 42018.

PROPERTY SNAPSHOT

PROPERTY ADDRESS 98 ORCHARD STREET

BLOCK/LOT 409 / 3

LOT DIMENSIONS ±25.5 FT x 88.42 FT

LOT SIZE ±2,255 SF

BUILDING DIMENSIONS ±25.5 FT x 75 FT

BUILDING SIZE ±9,563 SF

RKF INVESTMENT SALES & ADVISORY SERVICES 521 FIFTH AVENUE, FLOOR 7, NEW YORK, NY 10175 212.599.3700 | [email protected] | rkf.com © 2019 ROBERT K. FUTTERMAN & ASSOCIATES, LLC All information is from sources believed reliable, not independently verified, and thus subject to errors, omissions, and modifications such as price, listing, square footage, rates and commissions. All information, estimates and projections subject to change, market assumptions, unknown facts and conditions, and future potentialities. RKF makes no express or implied representations or warranties, as facts and results may vary materially from all information, estimates and projections. All renderings presented are conceptual. Blue & Bowery Cream SECOND AVENUE Meat Company

EAST ST STREET FIRST AVENUE The Alchemist's Otherwild Kitchen NY Cozy Cafe Siggy's Good Food AVENUE A

Tom & Jerry's

EAST HOUSTON STREET EAST HOUSTON STREET Suffolk A Little Popular East Sugar Russ & Mercury element Remedy Diner El Maguey La Tuna Fools Gold Mezetto Daughters Lounge Arms Wicked Tax The Gatsby Hotel Houston Café Heaven's Hotel Macando Army & Navy Hot Bagel myplasticheart Club Element Mole The Masalawala ABC L.E.S. Subject The Pause Cafè HAMILTON Steven Harvey PLAYGROUND Fine Art Projects Saphire Lounge Pala Benson's Rockwood The Little Laptop Shop FISH PARK Flower Girl Music Hall Bowery and Vine Fred NYC Prohitbition Bakery Paulaner Brewery Los Perros Locos Lisson Gallery Taylor Cruther's Studio Rooster Gallery Obsessive Nativity Mission Center Compulsive Taverna Di Bacco Rachel Uffner 98 ORCHARD STREET | INVESTMENT OPPORTUNITY Worldwide Restaurant Equipment Cosmetics Reinstein Ross Ludlow Guitars Soho Contemporary Art bOb Bar Goldsmiths Cocobar Elizabeth Houston Assembly New York Clayton Sperone Westwater Konditori Gallery Showtime Salon Grit n Glory Taquitoria Gallery The Rising States Dark Room Castellano NEIGHBORHOOD MAP The Skinny TAX MAPElectric Motors No Fun Clinton We the People Albanese Rodriguez Flower Fashion Meats & Poultry Associates Shop Collective Minnie’s STANTON STREET Symbo STANTON STREET A. Turen Hair of LV2 Crefﬂe Café Silver NY Hardcore Mi Casa Su Leave Rochelle 205 Frosche & Dacia Fusion Arts the Dog Monument Tattoos Cata Out of It Club Portman Gallery Museum San Loco Works Casa Park Bikram El Nuevo Yoga Restaurant Stanton The Flying Row Apizz Saka Mai Pizza (Barber Shop) La Gamelle Restaurant The Reformation Squadra Nara Van Doren Waxter Two Bit's Retro Arcade Blue Atelier Boutique Richard Wassail Taittinger Tijuana Picnic Rayuela Manhattan La Margerita Gallery PRINCE STREET Ehvonnae Pizzeria BYGGYZ et al. Unisex People Restaurant 3 Sixteen Yaf Sparkle Carolina Sarria Shut Lazar Mechanical The Box Nena Resurrection Fine China Tea Azasu Plank Pilates Studio SARA D Bowery Mission Copper and Oak Real New York Gallery Artshop ROOSEVELT Forsyth Sandwich Local 138 Bar Objectify & Coffee Patacon Pisao New Life Karaoke Boho Garfunkels Well Connected SoHo House Mazaar Lounge After School Program

BOWERY Mass Market Republic Capital Invisible NYC Mikey's Burger Libation Iggy's Celtic Lounge Sons of Essex Pizza Mini Munchies Katra Epaulet Creperie Taqueria Diana

FORSYTH STREET FORSYTH Gallery 128 El Paraiso Food Market

CHRYSTIE STREET CHRYSTIE Park Broadway EZ Mini Charrua Iconic Exterminating Edith Magazine Mart Mechinist The Magician Bike Works Micko Inkline Marshall Restaurant Clinton Deli & Grocery Building Ale et Ange Economy A Plus Morgenstern’s Leekan Studio Stack Babeland Tani Candy Verlaine & Bar La Caverna ALiFE Cibao Restaurant Restaurant Finest Ice Cream Designs Materials RIVINGTON STREET RIVINGTON STREET Christian Essex Bar The Falafel Schiller's Nitcap Szeki Black Crescent Near & Far Wolfnight Shop Liquor Bar Sue Scott Cutie Thierry Off Soho Burger/Bar 65 Berst Vida Gallery Room Goldberg Suites Gallery Welcome St. Jerome's Naural Projects Dodge to the Bar Gallery Johnsons Loreley Balter Sales Le Turtle S.E.T. LES

ELIZABETH STREET ELIZABETH Company Ellen Champion Pizza World Hats Hi Thai Congee Caffe Vita Restaurant Tea Gallery Essex Taqueria Precision East Village Wines & Liqours Kris Graphics The Whiskey Ward

Buddy Warren Char Sue Roni-Sue Chili's Indian Clinton Supermarket & Mall SPRING STREET Pop International Chocolates Restaurant Galleries Los Feliz Antler Beer & Wine Dispensary Lucky Tenden Za Advance Tache Artisan Chocolate Jack's Bar Juicy Spot Café Saro 98 ORCHARD STREET Yama Kitchen Dolce & Dolce Roma Pizza Supplies Brian Morris Gallery Amigo Dixon Place Hill & Dale Champion Pizza Mini Mart STREET PITT

wireless

RIDGE STREET RIDGE

ALLEN STREET ALLEN ALLEN STREET ALLEN

ESSE STREET ESSE P.S. 142 NEW YORK, NY

LUDLOW STREET LUDLOW

CLINTON STREET CLINTON

SUFFOLK STREET SUFFOLK

NORFOLK STREET NORFOLK

ORCHARD STREET ORCHARD ELDRIDGE STREET ELDRIDGE Famous Sammy's CS Restaurant STREET ATTORNEY Supplies New Chung 99¢ Pizza Get Master Wah Inc. Retro Happy Bowery Pacific Bar and Wok Set La Isla Café Kitchen Aquarium Red Royalty Professional Michelle Triangle Ludlow Restaurant Bowery Supplies Gallery Neon Olivieri Optical Grill Supplies Balloom & Pet Fitness DELANCEY STREET DELANCEY STREET DELANCEY STREET WILLIAMSBURG BRIDGE APPROACH KENMARE STREET Issey Miyake DELANCEY STREET DELANCEY STREET Adventure DL Iglesia Tribes of Callicoon Iermonti James The Yard WILLIAMSBURG BRIDGE APPROACH Sel Rrose 4 Seasons Fine Arts Gallery Fuentes Café Bar Vegetable Inc Adventista Morocco Gallery Creative Green Star Sign and Hotel Blue Moon Foods Restaurant Sign Doka Square Petee's Pie Co Sun Bakery Equipment C&L Restaurant Dutton Gallery L.Mak Projects Berkli Parc DELANCEY STREET Sino Carpet & Tile MILES Gallery Supply JSA Wholesale Hionas Gallery Arcilesi Station Independent Congee Sunshine Gallery Homberg Village Bar Cougar Mark Fisher Fitness Projects Gallery Go Go Gone Fine Arts Bike Shop Italian theBoil Shoot The Fashions CONTACT Lobster Shung Kee Food National Cash Woodward Round K Café Register Gallery The Good Inborn Oshman Brothers Company ESSEX CROSSING Guangyu Lighting Henri Café Attaboy Bar O'Lampia Studio TBD Gallery JEFF FISHMAN ANDREW JACOBS Woodward Gallery Stellina 1.9 MILLION SF OF MIXED-USE SPACE Blueman J&S Boni Knitware Hardware Blacktree Yan's Foot Exhaust Fine English Happy Con Sign & Lucky Babycakes Corp LNC Flooring System Reflexology RPM Bar Associate Piacere Fabrics Ending Body Centre Glass Bee NYC Vice Chairman QT Strada Signs Randolph BROOME STREET BROOME STREET Bar 212.916.3362 212.916.3397 Louie & Chan Simon Arco Concept Essex Street Capital Restaurant Preston Gallery wireless Apparel Solo Lighting Lighting Fuzhou Jin Sushi Pet Boutique Tropical Cusine New Generation Galaxy Bar & Lounge Greenberg Williamsburg Pizza Eurotrend [email protected] [email protected] Lighting Display Inc Windsor Efficient Computer Sticky Rice Brilliant LED Duo Tian Bakery ML Graphics Broome Hotel An Choi 98 ORCHARD STREET La Crepe C-est Si Bon New Modern Lampshades, Inc. J&J Stainless Steel Supplies New York Lighting Spur Lighting Yokkoyama Dirt Candy Tree Lyles & King Gallery Hat Market Perfect Furniture Cafè Katja H Optics GARY MEESE iDesign Joyopos Davis & Warshow NEW YORK, NY Digital Records Gen Ramen Essex Street Gallery IF & L Printing The Lighting By Robert James Studio Mes que Café Lions King Print Asia Universal Chang Sheng Food Managing Director CW Pencil Enterprise Fontana's Ty Furniture Lendy Electrics Harris Levy Ri Xin Store William Lighting Grand Electrical Equipment Holman AVC Chancellor Travel Sasha Wolf Gallery Lok Ping Gallery Investment Sales A & E Bowery Restaurant Lighting inc Pilgrim Double M&A Syger Sheilas La Flaca Henry Crispy Tu Quynh First Decorators Bakery Forever Metro Lucky Decorating 212.916.2933 Street Pharmacy International Oceanstar Aqua Video King Hong Kong Century Two Boots Health Seafood Furniture LTD Pharmacy Amphitheater at Grand Playhouse Bank Best, Inc Inc Bakery Lower East Side GRAND STREET GRAND STREET [email protected]

98 ORCHARD STREET, LOWER EAST SIDE, MANHATTAN

Date: ______, 2019 You (the “Customer”) have advised RKF, its affiliates, successors and assigns (collectively “RKF”) that the Customer wishes to register as a potential purchaser of the fee interest located at 98 Orchard Street (the “Property”). RKF has been retained by the owner of the Property (the “Owner”) as the exclusive broker to offer the Property for sale. The Owner has indicated that all inquiries and communications with respect to the contemplated sale of the Property be directed to RKF. All fees due to RKF in connection with the sale of the Property shall be paid by the Owner. RKF has available for review certain information concerning the Property, including but not limited to brochures, offering memorandum, financial information, and other materials (collectively “Confidential Information”). As a condition to RKF’s furnishing the Confidential Information to the Customer, whether such information is furnished by RKF, RKF’s employees, agents or representatives (including attorneys and financial advisors) (collectively, the “RKF’s Representatives”), or by Owner or any of Owner’s employees, agents or representatives, the Customer and its affiliates, subsidiaries, lenders and investors (whether existing or potential), partners, consultants, directors, officers, employees, agents and advisors (collectively, “Customer’s Representatives”), Customer agrees to treat the Confidential Information, regardless of who prepared it, in accordance with the provisions of this Agreement and to take or refrain from taking certain actions herein set forth. Notwithstanding the foregoing, Confidential Information shall not include, and this agreement shall have no effect with respect to : (i) information which is or becomes publicly known other than as a result of a violation by Customer or a Customer Representative, (ii) information which is already in the possession of Customer or Customer’s Representatives or becomes known to such parties from a source other than RKF or Owner, and which person or entity providing such information was not, to Customer’s knowledge after due inquiry, bound by a confidentiality agreement with RKF or Owner relating to the Property, or (iii) is independently developed by Customer or Customer’s Representatives without use of or reference to “Confidential Information”. 1. All Confidential Information relating to the Property which may be furnished to the Customer by RKF shall continue to be the Property of the Owner and RKF. The Confidential Information will: (i) be kept confidential by the Customer and Customer’s Representatives; (ii) be used solely by the Customer for the purpose of evaluating a potential purchase of the Property; and (iii) not be copied or duplicated without RKF’s prior written consent other than in connection with the review of same. Upon written request by RKF, Customer hereby agrees to return to RKF or at Customer’s option destroy any and all Confidential Information, provided that Customer shall be entitled to retain such of the Confidential Information as is required by internal document retention policies. 2. The Customer will not disclose the Confidential Information to any person unless RKF has approved in writing such disclosure, provided, however, that the Confidential Information may be disclosed to Customer’s Representatives, for the sole purpose of evaluating the potential purchase of the Property; it being understood that: (a) such Customer’s Representatives shall be informed by Customer of the confidential nature of such information and Customer’s responsibilities under this Confidentiality Agreement with respect thereto; and, (b) Customer shall direct and cause such Customer’s Representatives to treat such information confidentially. The Customer hereby acknowledges the confidential nature of the Confidential Information. 3. In addition, the Customer agrees that, without RKF’s prior written consent, the Customer will not, and will direct Customer’s Representatives not to, disclose to any person either the fact that investigations or discussions are taking place concerning the Property, or any of the terms, conditions or other facts with respect to the Property, or any potential transaction in connection therewith, including the status thereof. 4. The Customer understands and acknowledges that neither RKF nor the Owner make any representation or warranty as to the accuracy or completeness of the Confidential Information and that the information used in the preparation of the Confidential Information was furnished to RKF by others and has not been independently verified by Owner or RKF and is not guaranteed as to completeness or accuracy. The Customer agrees that neither RKF nor the Owner shall have any liability for any reason to Customer or Customer’s Representatives resulting from the use of the Confidential Information by Customer or Customer’s Representatives, or for any other information (whether oral or written) provided or alleged to have been provided to Customer or Customer’s Representatives. 5. It is understood and agreed that money damages may not be a sufficient remedy for any breach of this Agreement by Customer and that RKF and Owner shall be entitled to seek specific performance or other equitable relief as a remedy for any such breach. Such remedy shall not be deemed to be the exclusive remedy for Customer’s breach of this Agreement but shall be in addition to all other remedies available at law or in equity to RKF and the Owner, provided that neither party to this Agreement shall be liable for indirect, consequential, or punitive damages. Customer agrees that the provisions of this Agreement shall be deemed to apply, with equal force and effect, to Customer’s Representatives, affiliates, or associates, as if such persons were a signatory hereto and that Customer shall be responsible for any breach of the provisions of this Agreement by Customer’s Representatives, affiliates or associates unless such parties are themselves party to a confidentiality agreement in favor of RKF or the Owner relating to the Property in which case the Customer shall have no responsibility for the compliance of such parties with this or any other agreement. 6. In the event that Customer or Customer’s Representatives receive a request or demand to disclose all or any part of the information contained in the Confidential Information under the terms of a subpoena or order issued by a court of competent jurisdiction or otherwise or if a request for disclosure is made by a governmental or regulatory authority, Customer agrees at no cost to themselves to (i) promptly notify RKF and Owner (to the extent legally permissible to do so) of the existence, terms and circumstances surrounding such a request so that RKF and the Owner may seek a protective order or other appropriate relief or remedy or waive compliance with the terms of this agreement, (ii) consult with RKF and Owner and their respective counsel on the advisability of taking steps to resist or narrow such request provided that Customer shall not be subjected to any liability or undue expense or burdens, and (iii) if disclosure of such information is required, disclose such information only to the extent so required. CONFIDENTIALITY AGREEMENT

98 ORCHARD STREET, LOWER EAST SIDE, MANHATTAN

7. All notices, consents, requests, approvals and other communications provided for herein shall be made in writing and shall be delivered personally, by facsimile transmission, or by first class mail, postage prepaid. Notices delivered personally or by facsimile transmission shall be effective upon receipt. Notices sent by first class mail shall be effective three days subsequent to the date any such notice is deposited in the mail. Notices to RKF must be sent to RKF, 521 Fifth Avenue, 7th Floor, New York, NY 10175, Attn: Legal. Notices to Customer shall be sent to the address provided by Customer in the signature block to the attention of the signatory. 8. With respect to the matters contemplated herein, this Agreement constitutes the entire understanding between Customer and RKF and it supersedes all prior oral and written communications, negotiations, understandings and agreements. The agreement set forth in this Agreement may be modified or waived only by a separate writing by Customer and RKF expressly so modifying or waiving such agreement. No failure or delay in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. This agreement shall expire upon the earlier of one year from the date hereof and the date a transaction is entered into by the Customer or the Customer’s affiliates with respect to the Property. 9. The rights, obligations and benefits hereunder shall inure to the benefit of the respective parties hereto, their successors and assigns. 10. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to principles of conflict or choice of laws. The Customer hereby irrevocably and unconditionally submits to the jurisdiction of any court of the State of New York or any federal court sitting in the State of New York for purposes of any suit, action or other proceeding arising out of this Agreement (and Customer agrees not to commence any action, suit or proceedings relating thereto except in such courts) and agrees that service of any process, summons, notice or document by U.S. registered mail actually received by Customer at Customer’s address set forth herein shall be effective service of process for any action, suit or proceeding brought against Customer in any such court. Customer hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this agreement, which is brought by or against RKF or Owner, in the State of New York, City of New York, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 11. The Customer acknowledges that the Property offered for sale is subject to withdrawal from the market, change in offering price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective purchaser, or for any other reason whatsoever, without notice. The Customer acknowledges that the Property is being offered without regard to race, creed, sex, religion or national origin. 12. The Customer stipulates that it is acting as a principal only, and is not acting as a broker, or being represented by any broker in the transaction. If Customer wishes to be represented by a broker, then Customer’s broker shall be paid by the Customer solely. Neither RKF nor the Owner will be responsible for any fees paid to the Customer’s broker. Customer hereby agrees to indemnify, defend and hold RKF, and its members, managers, officers, directors, owners, shareholders, employees, agents and independent contractors, harmless, from and against any and all damages, losses, liabilities, commissions, claims, lawsuits, judgments, costs and expenses, including reasonable attorneys’ fees, disbursements, court or arbitration costs which RKF or any of the aforesaid parties may incur as a result of any breach of this Agreement, or any claim for a commission by any broker related to the dealings with Customer for the Property, including but not limited to any executed transaction, or any negotiations.

If in agreement with the foregoing, please return an original signed copy of this Agreement. In Witness Whereof, the undersigned has caused this Agreement to be executed and delivered on the day of , 20 CONFIDENTIALITY AGREEMENT

98 ORCHARD STREET, LOWER EAST SIDE, MANHATTAN

NAME (Print): BY (signature):

TITLE:

PHONE NUMBER:

COMPANY:

FAX NUMBER:

ADDRESS:

EMAIL ADDRESS:

PLEASE RETURN ALL PAGES TO JEFF FISHMAN BY FAX (212.599.3744) OR EMAIL ([email protected])

RKF INVESTMENT SALES & ADVISORY SERVICES 521 Fifth Avenue, 7th Floor New York, NY 10175 T 212.916.3362 | F 212.599.3744 | www.rkf.com

© 2019 RKF All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular offerings imposed by RKF or principals, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections prepared by RKF with respect to future events, and these future events may or may not actually occur. Such estimates and projections reflect various assumptions concerning anticipated results. While RKF believes these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate.