~60 FT BRING ALL OFFERS

JORDAN SUTTON (212) 589-5101 [email protected]

ROBERT M. SHAPIRO (212) 660-7717 [email protected]

TABLE OF CONTENTS

EXECUTIVE SUMMARY 1

DUE DILIGENCE 7

THE NEIGHBORHOOD 13 EXECUTIVE SUMMARY

The Opportunity:

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale or lease of 32-42 West . The subject property is in Northern ’s most vibrant retail corridor and boasts 60’ of frontage along 125th street. The property is a newly constructed retail condominium (2014) on the south side of West 125th Street between and Boulevard. The space is comprised of 5,950 above grade square feet and 2,409 below grade square feet totaling approximately 8,359 square feet. The ground floor features 17.5’ ceiling heights and contains floor to ceiling windows, providing the space with an abundance of natural light. The basement has 10.3’ ceilings and offers a surplus of raw open space. The property contains two separate entrances along 125th Street, providing the opportunity for future ownership to divide the existing space into multiple retail units.

125th Street is home to a plethora of national retail tenants including Chase, Starbucks, H&M, Bed Bath & Beyond, and Whole Foods. The property also benefits from its proximity to numerous development sites in the growing neighborhood of . The subject property is just steps away from the 125th Street MTA Station which is serviced by the @ # $ % ^ Subway lines and is just blocks away from the 125th Street Metro North Station. 32-42 West 125th Street benefits from its proximity to major transportation systems as well as retail spaces, providing robust foot and car traffic. This presents a unique opportunity to own a meticulously maintained asset in a prime neighborhood with unparalleled growth potential.

1 EXECUTIVE SUMMARY EXECUTIVE SUMMARY 2 PROPERTY FEATURES BRING ALL OFFERS Property Information: Address: 32-42 West 125th Street, #RU, New York, NY 10027

Alternate Addresses: 35 West 124th Street | 36-42 Dr. Martin Luther King Jr. Boulevard

Located on the south side of West 125th Street between Location: Fifth Avenue and Malcom X Boulevard.

Property Highlights: Block & Lot: 1722 - 1001

Unit Dimensions: 60' x 100' (irregular) • AVAILABLE FOR SALE OR FOR LEASE

• Above Grade Gross SF: ~5,950 Square Feet (Per Condo Declaration) Stories: 1 + Cellar

• Below Grade Gross SF: ~2,409 Square Feet (Per Condo Declaration) Above Grade Gross SF: 5,950 SF (approx.) • Total Gross SF: ~8,359 Square Feet (Per Condo Declaration) • ~60 feet of frontage on West 125th Street Below Grade Gross SF: 2,409 SF (approx.)

• ~17.5 foot ceilings above grade Total Gross SF: 8,359 SF (approx.) • ~10.3 foot ceilings below grade Commercial Units: 1 • Delivered vacant and in white-box condition

• Two well located entrances, which provides ample opportunity to divide the Zoning: C6-3 / Special 125th Street District existing unit to multiple storefronts

• Capable of being vented Permitted Uses: See Page 9 of OM for Exhibit F In Condo Declaration

• High foot traffic location

• Located steps from the 125th Street @ # $ % ^ Subway stations and the Metro North Railroad 125th St. stations. Projected Expenses:

Annual Property Tax (19/20): $97,331

- Retail Condo Tax Map: Insurance: $10,449 - Harlem Village Academy West 125th Street 60’ Utilities & Service $4,180 Fifth Avenue Fifth Maintenance: $7,200

Total Expenses: $119,159 Malcom X Boulevard *All square footages are approximate

West 124th Street

3 FINANCIAL OVERVIEW FINANCIAL OVERVIEW 4 32-42 WEST 125TH STREET 125TH STREET RETAIL MAP W 126TH ST

RO EN LLM NY E U N C T AC L BL K T A HE N A T IO R 1,000 T E A STUDENTS N 240 APARTMENTS

CARVER FEDERAL BANK SAVINGS R E T D EN EVELOPM KAARRA IMPORTS ALEXIS FURNITURE 125 EATERY UPTOWN WINE PANTRY DIRECT PRINT BUFFALO BUFFALO BOSS ADAM CLAYTON POWELL ADAM CLAYTON OFFICE BUILDING STATE MICKI GARCIA REALTY CUSTOM FRAMING

STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA)

STARBUCKS TRUE LOGOS. GENERATED BY CHI NGUYEN (CHISAGITTA) 2 3 WEST 125TH STREET

DEVELOPMENT DEVELOPMENT

NICOLE SITE SITE CAP USA LAZARUS SITE JIMMY JAZZ DEVELOPMENT APOLLO BEAUTY SHAN JEWELERS FINO MEN’S WEAR THE BROWNSTONE MAMA SOUL FOOD DELANCY LEATHER PARAMOUNT LINEN PARAMOUNT SERENGETI KITCHEN PAWN SHOP ESPENA PAWN WILD OLIVE MARKET HARLEM FURNITURE MANNA’S SOUL FOOD MANNA’S UPTOWN JUICE & VEG UPTOWN JUICE & AJ’S/BEAUTY SUPPLY DEVELOPMENT SITE WATKINS HEALTH FOOD HEALTH WATKINS PEE DEE STEAKHOUSE II HARLEM UNDERGROUND 1 STOP SHOP FURNITURE TOTAL 125 BEAUTY SUPPLY TOTAL R&G BRENNER INCOME TAX TAX R&G BRENNER INCOME CASA BONITA GOURMET FOOD CASA BONITA NEW BUILDING 141 UNITS ARMED FORCES CAREER CENTER PARK FIFTH AVENUE MALCOLM X BLVD. ADAM CLAYTON POWELL BLVD. ADAM CLAYTON

W 124TH ST

5 6 DUE DILIGENCE

60 FT

7 DUE DILIGENCE DUE DILIGENCE 8 32-42 WEST 125TH STREET FLOOR PLANS

Single Tenant Scenario: Multi-Tenant Scenario (Division Flexibility):

ABOVE GRADE: 5,950 SF TENANT A TENANT B BELOW GRADE: 2,409 SF ABOVE GRADE: 3,704 SF ABOVE GRADE: 2,246 SF TOTAL: 8,359 SF BELOW GRADE: 2,409 SF FRONTAGE: 28 FEET FRONTAGE: 60 FEET TOTAL: 6,113 SF FRONTAGE: 32 FEET

44 FT

44 FT

43 FT

43 FT 101 FT 101

GROUND BASEMENT FT 101 5,950 SF 2,409 SF 61 FT

GROUND GROUND BASEMENT TENANT A TENANT B 2,409 SF 61 FT 3,704 SF 2,246 SF

60 FT

125TH STREET 32 FT 28 FT

125TH STREET

9 DUE DILIGENCE DUE DILIGENCE 10 32-42 WEST 125TH STREET DUE DILIGENCE

Tax Map: - Retail Condo Tax Bill: - Harlem Village Academy West 125th Street

November 16, 2019 60’ Statement Details Dawn to Dusk Realty LLC 35 West 124 Street Apt. R.U. 1-01722-1001

Fifth Avenue Fifth Page 2

Previous Charges Amount Total previous charges including interest and payments $0.00 Malcom X Boulevard

Current Charges Activity Date Due Date Amount West 124th Street Finance-Property Tax 01/01/2020 $48,559.18 Adopted Tax Rate $212.44 125th Street BID- Chg 01/01/2020 $1,419.00 Total current charges $50,190.62

How We Calculated Your Property Tax For July 1, 2019 Through June 30, 2020 Overall Zoning Map: Tax class 4 - Commercial Or Industrial Tax Rate Original tax rate billed 10.5140% New Tax rate 10.5370% Estimated Market Value $2,208,000 Taxes Billable Assessed Value $923,705 Taxable Value $923,705 x 10.5370% Tax Before Abatements and STAR $97,330.80 $97,330.80 Annual property tax $97,330.80

Original property tax billed in June 2019 $97,118.36 Change In Property Tax Bill Based On New Tax Rate $212.44

If you own income producing property, you must file a Real Property Income and Expense Statement or a Claim of Exclusion unless you are exempt by law. The deadline to file is June 3, 2020. Failure to file will result in penalties and interest, which will become a lien on your property if they go unpaid. To see if you are exempt from this requirement and to learn more, please visit nyc.gov/rpie.

Home banking payment instructions:

1. Log into your bank or online bill pay website. 2. Add the new payee: NYC DOF Property Tax. Enter your account number, which is your boro, block and lot, as it appears here: 1-01722-1001 . You may also need to enter the address for the Department of Finance. The address is P.O. Box 680, Newark NJ 07101-0680. 3. Schedule your online payment using your checking or savings account.

Didyour mailingaddress change? If so,pleasevisit us at nyc.gov/changemailingaddress or call 311.

When youprovideacheckaspayment,you authorizeuseither to useinformation from your checktomakeaone-time electronic fund transfer from your accountortoprocess the payment as acheck transaction.

11 DUE DILIGENCE DUE DILIGENCE 12 THE NEIGHBORHOOD

Harlem, one of the most historically significant neighborhoods in NYC, has attracted major interest from retailers, investors and developers in recent years. With its close proximity to , multiple express transportation options and numerous national retailers, 125th Street has become the epicenter of Harlem and Northern Manhattan. 125th Street is bound by the RFK Bridge to the east and on its far west, making it the most major thoroughfare uptown. The two way through-block is slated for around 15 million square feet of new development of all asset classes.

Harlem has become a hotspot for residential and commercial development. 125th Street in particular was rezoned to further incentivize new investment and further growth in the neighborhood. 2033 Fifth Avenue lies right where Central and meet. This area is home to numerous parks, restaurants, museums and more. Restaurants include Sylvia’s, Red Rooster, Rao’s, Harlem Shake, Corner Social, , etc. In addition to the , 125th street boasts the , Victoria Theater, The National Jazz Museum and The Studio Museum amongst others. This culture rich area has created an environment rich for new residents and investments.

13 THE NEIGHBORHOOD THE NEIGHBORHOOD 14 32-42 WEST 125TH STREET TRANSPORTATION MAP

125TH STREET 1 4 M A C B D 2 N 5 125TH STREET R 3 6

Travel Times:

COLUMBIA UNIVERSITY 15 4 5 6 min to Grand Central via

10 min to Grand Central via Metro North

20 1 2 3 min to via

25 B D min to Bryant Park via 2nd Avenue Subway Expansion Subway 2nd Avenue

96TH STREET Q

86TH STREET

72ND STREET

COLUMBUS CIRCLE

20 15 TIMES SQUARE min min GRAND CENTRAL

15 THE NEIGHBORHOOD THE NEIGHBORHOOD 16 32-42 WEST 125TH STREET COMPARABLE SALES MAP

West Harlem Hamilton Heights

West Harlem is a neighborhood located in Manhattan Hamilton Heights is a sub-neighborhood in West Harlem (Part of Community Board 9) overlooking the Hudson bordered by Manhattanville to the South, Central and bordering the , Central Harlem, to the East, and Washington Heights to the North. and Washington Heights. West Harlem is comprised of Notable sites of the area include City College, Riverbank the Morningside Heights, Manhattanville, and Hamilton State Park, and The Harlem School of the Arts. Hamilton Heights sub-neighborhoods. Some key features of West Heights is also comprised of Sugar Hill, a historic district Harlem include North, Columbia University, in the northern section of Hamilton Heights. The sub- City College, , and 125th Street. neighborhood is named after Alexander Hamilton who lived the remainder of his life in the area.

Morningside Heights

Morningside Heights is a sub-neighborhood in West Central Park North Harlem bordered by the Upper West Side to the Central Park North is located on between South, Central Harlem to the East, and Manhattanville 5th Avenue and Frederick Douglass Boulevard. The to the North. Home to Manhattan’s only Ivy League northern border of the park is home to a number University, Morningside Heights is a hub for students of condominium buildings, a 38-unit condominium and teaching professionals. The sub-neighborhood is development, and and Pool. also home to a number of tourist destinations including the Cathedral of Saint John the Divine, Riverside Church, and Grant’s Tomb. Manhattanville

Manhattanville is a sub-neighborhood in West Harlem bordered by the Morningside Heights to the South, Higher Education Central Harlem to the East, and Hamilton Heights to the West Harlem is home to two of New York’s institutions North. The sub-neighborhood is currently undergoing of higher learning; Columbia University, a private Ivy major development by socially conscious developers League university and City College, a public college on including Columbia University and Janus Partners. The a hill overlooking Harlem. Both institutions are famous combined development size consists of well over 7 for their large campuses in the notoriously cramped million square feet and is geared towards researchers, borough of Manhattan. students, and community members.

17 THE NEIGHBORHOOD THE NEIGHBORHOOD 18 32-42 WEST 125TH STREET NEIGHBORHOOD CHARACTER

155TH STREET TRINITY PARK

JACKIE ROBINSON PARK

145TH STREET

HAMILTON HEIGHTS

RIVERBANK STATE PARK

135TH STREET SAINT NICHOLAS PARK

MANHATTANVILLE CENTRAL HARLEM RANDALL’S ISLAND PARK

125TH STREET RFK BRIDGE

MARCUS GARVEY PARK

MORNINGSIDE HEIGHTS

MORNINGSIDE PARK JEFFERSON EAST PARK HARLEM

CENTRAL TH PARK 110 STREET NORTH LENOX RIVERSIDE DRIVE MORNINGSIDE DRIVE AMSTERDAM AVENUE AMSTERDAM HUDSON HENRY FREDERICK DOUGLASS BLVD FREDERICK DOUGLASS FDR DRIVE ADAM CLAYTON POWELL JR. BLVD POWELL CLAYTON ADAM FIRST LEXINGTON FIFTH AVENUE SECOND AVENUE SECOND MADISON AVENUE PARK AVENUE PARK 96TH STREET 19 THE NEIGHBORHOOD THE NEIGHBORHOOD 20 125TH STREET - NEW DEVELOPMENTS 1 2 3 4 5 6

1 Columbia Expansion 8 74 West 125th Street

Manhattanville Factory District 2 9 5 West 125th Street 3 324 West 125th Street 10 1800 Park Avenue 4 235-237 West 125th Street 11 1801 Park Avenue 5 144 West 125th Street Corn Exchange Building 6 121 West 125th Street 12

7 100 West 125th Street 13 East Harlem Media, Entertainment & Cultural Center 7 8 9 10 12 13

1

A 4 C 2 5 B 3 6 D

21 THE NEIGHBORHOOD THE NEIGHBORHOOD 22 32-42 WEST 125TH STREET COLUMBIA MANHATTANVILLE CAMPUS

1 COLUMBIA BUSINESS SCHOOL BUILDINGS: The Ronald O. Perelman Center for Business UNIVERSITY FORUM Innovation and the Henry R. Kravis Building LOCATION: On the corner of 125th Street and Broadway LOCATION: The full block on the north side of 130th Street between Riverside Drive and Broadway. DEVELOPERS: Renzo Piano Building Workshop

DEVELOPERS: Renzo Piano Building Workshop & Davis Brody EXPECTED COMPLETION: Fall 2018 EXPECTED COMPLETION: Opening 2021 DESCRIPTION: The Forum will host academic conferences, meetings and symposia, providing an important new space where DESCRIPTION: Columbia Business School’s new home will span scholars and thought leaders from many fields can come together approximately 492,000 square feet across two buildings and to share ideas. The Forum features a state-of-the-art 430-seat will reflect the fast-paced, high-tech and highly social character auditorium, providing the kind of generous shared meeting space of business in the 21st century. The two new facilities will create that Columbia has historically lacked. The 2,000-square-foot lobby multifunctional spaces that foster a sense of community—spaces in the building’s ground floor urban layer provides flexible space where students, faculty, alumni and practitioners can gather to for a range of activities, from pop-up exhibits to University events exchange ideas. Between the two buildings will be the largest and other public functions. planned open area in phase 1 of construction—an approximately 40,000-square-foot area known as The Square.

LENFEST CENTER FOR THE ARTS LOCATION: Located between Riverside Drive and Broadway just north of 129th Street.

DEVELOPERS: Renzo Piano Building Workshop EXPECTED COMPLETION: Completed DESCRIPTION: The Lenfest Center for the Arts is the second building to open on the University’s Manhattanville campus. It is an arts venue designed for the presentation and creation of art across disciplines, providing a dynamic new space for Columbia University School of the Arts.

JEROME L. GREENE SCIENCE CENTER LOCATION: Located immediately west of Broadway between 129th and 130th Streets

DEVELOPERS: Renzo Piano Building Workshop EXPECTED COMPLETION: Completed DESCRIPTION: The Jerome L. Greene Science Center has been designed as a hub for the distinguished neuroscience researchers of Columbia University’s Mortimer B. Zuckerman Mind Brain Behavior Institute. The Institute, cofounded by Nobel laureates, comprises specialists ranging from molecular biologists and biomedical engineers to psychologists and data scientists.

23 THE NEIGHBORHOOD THE NEIGHBORHOOD 24 32-42 WEST 125TH STREET MANHATTANVILLE FACTORY DISTRICT

2 THE MINK BUILDING Located at the western entry to the District, the Mink Building is one short avenue to Broadway and Columbia University’s expanding campus. Once one of New York’s preeminent fur storage complexes, THE SWEETS BUILDING three original buildings have been combined and completely The Sweets Building, a 50,000 rentable square foot building created renovated into a single 150,000 square foot mixed-use commercial by combining two distinct buildings through a central lobby and and hi-tech building. The Mink Building has been fully outfitted with elevator core, is another example of Janus’ exceptional track record new utilities and services, complementing its extensive and highly rehabilitating obsolete structures into 21st century hubs of activity. praised exterior alterations. Its large 23,000 square foot floors are easily conjoined with the adjacent Malt House on West 126th Street or with adjacent future development on the east side at West 128th Street, providing even greater floor sizes for larger users. FUTURE DEVELOPMENT The District includes over 165,000 square feet of additional future 1351 AMSTERDAM AVENUE development potential. Future development may occur on a 20,000 square foot site fronting on both the Malt House’s inner 1351 Amsterdam Avenue is a 7,000 square foot two-story courtyard and West 128th Street, as well as on a portion of the L-shaped building fronting both Amsterdam Avenue and West adjacent Sweets Building site. Independently or together, these 126th Street. It offers high ceilings, large storefronts, and multiple opportunities are available for the full range of uses. drive-in bays, including one drive-in ramp with direct access to the second floor.

The Mink Building Future Development THE MALT HOUSE The Malt House provides a wide range of potential users a combination of dramatic old brewery interiors featuring cast iron The Malt House columns, brick vaulted ceilings and multi-story spaces, with state- of-the-art new construction. This 185,000 square foot project offers large floors plus several outdoor areas totaling an additional 25,000 The Sweets Building square feet. The building’s main entry doubles as a Belgian block walkway to a new retail-lined outdoor courtyard, a unique amenity Amsterdam for tenants, other nearby commercial users and the larger West 1351 West 127th Street Harlem community. Retail opportunities at the Malt House include Avenue extraordinary street-frontage spaces with large glass storefronts that open to the sidewalk, courtyard storefronts with the opportunity for Avenue Amsterdam outdoor dining and quiet recreation, stunning multi-story spaces, as West 126th Street well as a flexible 5,200 square foot high-ceiling column-free floor with two substantial adjoining outdoor areas suitable for many uses. The Taystee Building

THE TAYSTEE BUILDING Morningside Avenue The Janus Property Company, in partnership with Monadnock Construction, one of New York’s largest and most highly- regarded construction firms, was selected in 2011 by the Economic Development Corporation to develop this large and important site. Originally a bakery for the Taystee Bread Company, the completely new Taystee Building will West 125th Street contain 350,000 square feet of space. The building’s highlights include: Green construction, LEED (Leadership in Energy and Environmental Design) Silver-certified, mixed-use commercial, community facility and retail space, flexible and efficient floor plans, high ceilings and large expanses of energy-efficient glass, as well as extensive outdoor areas. The Taystee Building will become a central feature of the Manhattanville Factory District, connecting West 125th Street to West 126 Street and beyond, by way of landscaped through-block passageways and courtyards.

25 THE NEIGHBORHOOD THE NEIGHBORHOOD 26 32-42 WEST 125TH STREET NEW DEVELOPMENTS

3 4 VICTORIA THEATER REDEVELOPMENT ADDRESS: 233 West 125th Street LOCATION: 125th between Frederick Douglass Boulevard and Adam Clayton Powell Jr. Boulevard

CURRENT STATUS: In Development DEVELOPERS: Exact Capital and Danforth Development Partners EXPECTED COMPLETION: 2019 DESCRIPTION: The redevelopment of the Victoria Theatre will consist of a 26-story, approximately 385,000 square foot mixed-use facility with a 210 room hotel, 192 mixed-income residential units, 25,000 square feet of retail space and 25,000 square feet of cultural arts space. The project will retain certain historic aspects of the original theatre, including the southern façade, original lobby, the grand staircase to the balcony level, the façade’s theatre marquee and blade sign.

5

324 WEST 125TH STREET THE STUDIO MUSEUM ADDRESS: 324 West 125th Street ADDRESS: 144 West 125th Street LOCATION: On the corner of St. Nicholas Avenue and 125th LOCATION: On the south side of West 125th between Adam Clayton Powell Jr Boulevard and Lenox Avenue CURRENT STATUS: In Development: Finishing Façade CURRENT STATUS: Pre-Development DEVELOPERS: Wharton Properties, Jeff Sutton DEVELOPERS: NYC Dept. Design & Construction EXPECTED COMPLETION: TBD EXPECTED COMPLETION: 2021 DESCRIPTION: The plans for the building show that it will encompass 32,250 square feet with two retail tenants occupying the ground floor DESCRIPTION: At completion The Studio Museum is planned and the second floor with likely become a restaurant with a 4,000 square to be a 5-story, 82,000 square foot project designating 17,000 foot rooftop bar. Prime Location right next to the A, B, C, and D trains. square feet for galleries.

27 THE NEIGHBORHOOD THE NEIGHBORHOOD 28 32-42 WEST 125TH STREET NEW DEVELOPMENTS

6 URBAN LEAGUE EMPOWERMENT CENTER 8 ADDRESS: 121 West 125th Street LOCATION: On the north side of 125th Street between Adam Clayton 74 WEST 125TH STREET Powell Jr. Boulevard and Malcolm X Boulevard ADDRESS: 64-74 West 125th Street CURRENT STATUS: In Development LOCATION: On the corner of Lenox Avenue and West 125th Street DEVELOPERS: Urban League Empowerment Center, The Hudson Companies, and BRP Companies CURRENT STATUS: Pre-Development

EXPECTED COMPLETION: 2018, subject to extension DEVELOPERS: DHA Capital DESCRIPTION: The redevelopment would include approximately EXPECTED COMPLETION: TBD a 466,000 gross square foot mixed use development with 66,000 DESCRIPTION: This 185,000 square foot mixed-use development square feet of retail, 75,000 square feet of office, 55,000 square feet has been planned to rise 15 stories and include several floors of of community facility, 24,000 square foot of museum space, 56,000 retail and 200 apartments. square feet of conference center space, as well as 114 residential units (50% affordable housing) with 89,000 square feet of parking (225 spaces). The project would include the national headquarters of the National Urban League and a civil rights museum.

7 9 WHARTON PROPERTIES 5 WEST 125TH STREET MIXED-USE DEVELOPMENT ADDRESS: 5-15 West 125th Street 100 West 125th Street ADDRESS: LOCATION: On the north side of 125th Street near 5th Avenue On the corner of West 125th Street and Malcolm X Blvd. LOCATION: CURRENT STATUS: Completed November 2016 In Development CURRENT STATUS: DEVELOPERS: Aurora Capital Associates, Adjmi Family Jeff Sutton, Wharton Properties DEVELOPERS: EXPECTED COMPLETION: Completed Completed In 2016 EXPECTED COMPLETION: DESCRIPTION: The building is planned to be a six story, 130,000 DESCRIPTION: The redevelopment of 100 West 125th Street square foot mixed-use development site with 75,000 square consists of 160,624 square feet of retail space. Several of the feet of retail/commercial space and 30 residential apartments. major tenants who have already signed on include Whole The commercial space will encompass the cellar to third Foods, which will occupy 39,000 square feet on the ground floor. TJ MAXX occupies the first floor, Bed Bath and Beyond and lower levels, American Eagle, Burlington Coat Factory, occupies 30,000 square feet on the second floor and WeWork Olive Garden, and TD Bank. occupies the third floor of the building.

29 THE NEIGHBORHOOD THE NEIGHBORHOOD 30 32-42 WEST 125TH STREET NEW DEVELOPMENTS

10 12

CORN EXCHANGE BUILDING 81 East 125th Street EAST HARLEM TOWERS ADDRESS: LOCATION: On the northwest corner of Park Ave. and East 125th St. ADDRESS: 1800 Park Avenue CURRENT STATUS: Completed LOCATION: On the northeast corner of Park Ave. and East 124th St. DEVELOPERS: Artimus Construction CURRENT STATUS: Approved and Ready for Development EXPECTED COMPLETION: Completed DEVELOPERS: Durst Organization DESCRIPTION: The Corn Exchange has been rebuilt to resemble EXPECTED COMPLETION: TBD its original appearance and consists of 9,000 square feet of retail space on the first two floors and 22,000 square feet of DESCRIPTION: The proposed building plan will be 32 story, office space on the next five floors. The landmarks Preservation 545,000 square foot mixed-use development site with Commission granted the building landmark status in 1993. approximately 347,000 square feet of residential totaling 670 apartments, 73,000 square feet of retail, 46,000 square feet of community facility. The property will be a full amenity building with a 24-hour doorman, gym and fitness center.

13 EAST HARLEM MEDIA, ENTERTAINMENT AND CULTURAL CENTER ADDRESS: 201 East 125th Street EAST HARLEM MIXED-USE COMPLEX LOCATION: The Corner of East 125th Street & Third Avenue ADDRESS: 1815 Park Avenue CURRENT STATUS: In Development LOCATION: Near the intersection of East 125th Street and Park Avenue DEVELOPERS: Archstone-Smith, The Richman Group, The Carey 11 CURRENT STATUS: Pre-Development Group, Monadnock Construction, Hope Community and El Barrio’s Operation Fightback EXPECTED COMPLETION: TBD EXPECTED COMPLETION: TBD DESCRIPTION: Property recently purchased by the Durst Organization, who plan to build a 210,220 square foot building encompassing both retail and condominiums. The development is said to DESCRIPTION: East Harlem Media Entertainment and Cultural incorporate a significant amount of affordable housing. Center at completion will total 1.7 million square feet of LEED silver certified space including 850 apartments, commercial/retail space, office space, a hotel, and a community cultural center.

31 THE NEIGHBORHOOD THE NEIGHBORHOOD 32 BRING ALL OFFERS

FOR MORE INFORMATION CONTACT:

JORDAN SUTTON ROBERT M. SHAPIRO (212) 589-5101 (212) 660-7717 [email protected] [email protected]

Cushman & Wakefield Copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.