BROOKLYN HEIGHTS 12 Clark Street OWNED BY SAME FAMILY SINCE 1952 OFFERING PROCESS EXCLUSIVE REPRESENTATION Newmark Knight Frank has been DISCLAIMER exclusively retained to represent the Seller in the sale of 12 Clark Street (“Property”). All inquiries about the This Memorandum has been prepared by Agent for use by a limited number of Offering for the Property should be parties, and does not purport to provide a necessarily accurate summary of the directed to the Newmark Knight Frank Property or any of the documents related thereto, nor does it purport to be all- Marketing Team. inclusive or to contain all of the information which prospective investors may need or desire. All projections have been development by Seller and Agent, and designated sources, and are based upon assumptions relating to the general PROPERTY TOURS economy, competition and other factors beyond the control of Seller, and Prospective purchasers will have the therefore are subject to variation. No representation is made by Seller or Agent as opportunity to visit the Property on to the accuracy or completeness of the information contained herein, and nothing scheduled tour dates and must be contained herein is, or shall be relied on as, a promise or representation as to the accompanied by a representative of future performance of the Property. Although the information contained herein is Newmark Knight Frank. Prospective believed to be correct, Seller, Seller’s agents, attorneys, representatives, and its purchasers should not contact the site employees, disclaim any responsibility for inaccuracies, and expect prospective staff directly. purchasers to exercise independent due diligence in verifying all such information. Further, Agent, Seller and their respective employees, disclaim any and all liability OFFER SUBMISSION for representations and warranties, expressed and implied, contained in, or for Offers should be presented in the form omission from, this Memorandum, or any other written or oral communication of a non-binding Letter of Intent, transmitted or made available to the recipient. The Memorandum does not specifying the terms and conditions of constitute a representation that the business or affairs of the Property or Seller since the offer including, but not limited to: the of preparation (12/18) of this Memorandum have remained the same. Analysis and verification of the information contained in the Memorandum are solely the 1. Price responsibility of the prospective purchaser. 2. Inspection Period 3. Earnest Money Deposit Additional information and an opportunity to inspect the Property will be made 4. Closing available upon the written request of interested and qualified prospective 5. Buyer Qualifications purchasers. Seller and Agent each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property, and/or terminate discussions with any party at any time with or without notice. Seller reserves the right FOR MORE to change the timing and procedures for the Offering process at any time in Seller’s sole discretion. Seller shall have no legal commitment or obligations to any party INFORMATION reviewing this Memorandum, or making an offer to purchase the Property, unless and until such offer is approved by Seller, a written agreement for the purchase of S. David Behin, Esq. the Property has been fully executed and delivered by Seller and the Purchaser thereunder. Executive Managing Director 212.372.2075 This Memorandum and the contents, except such information which is a matter of [email protected] public record or is provided in sources available to the public, are of confidential nature. By accepting this Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose this Memorandum or any of the contents to any other entity (except to FOR FINANCING outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of Ari Schwartzbard confidentiality) without the prior written authorization of Seller or Agent, and that Senior Managing Director you will not use this Memorandum or any of the contents in any fashion or manner 212.915.1949 detrimental to the interest of Seller or Agent. [email protected] OWNED BY THE EXECUTIVE SAME FAMILY SUMMARY SINCE 1952 NEIGHBORHOOD Newmark Knight Frank has been retained on an exclusive basis to TENANT DEMAND arrange for the sale of 12 Clark Street in the Brooklyn Heights DRIVER neighborhood of Brooklyn. Owned by the same family since 1952, the Property is a 6-story, 13-unit multifamily building at the corner of Clark Street and Willow Street, located in one of the most affluent and historic neighborhoods of Brooklyn. Neighbored by DUMBO and SUPERIOR Downtown Brooklyn, Brooklyn Heights is home to the Brooklyn Historical Society, the St. George Hotel, which was once New York VIEWS City's largest hotel, and Brooklyn Bridge Park, which includes six piers of outdoor activity and the Fulton Ferry Landing. 12 Clark Street is comprised of four 1-bedroom units, five 2-bedroom FAVORABLE units, three 3-bedroom units and one 4-bedroom unit. Currently, six of the twelve units are free market, another six are rent stabilized and DEMOGRAPHICS one unit is rent controlled. The lot is approximately 3,917 square feet and the building is approximately 17,184 square feet. With an FAR of 2.43, the Property is overbuilt. EXCEPTIONAL Surrounded by breathtaking views of Lower Manhattan and quiet, TRANSIT tree-lined, brownstone streets, 12 Clark Street is ideally situated right in between the Promenade, a walkway about five blocks long overlooking the New York Harbor, and the Clark Street Station, with the 2 and 3 trains, making the commute among the shortest to TREMENDOUS Manhattan. The Property is also located three blocks from the High Street Station with the A and C trains and is within walking distance VALUE-ADD to the Court Street Station with the N and R trains. Commuters to OPPORTUNITY Manhattan can also take advantage of the ferry at the nearby pier as well as several buses that connect the neighborhood to other parts of the borough. 3 12 Clark Street, Brooklyn, NY 11201 NEIGHBORHOOD: Brooklyn Heights CROSS STREETS: Columbia heights & PROPERTY Willow street BLOCK & LOT: 234-43 LOT DIMENSIONS: 100’ x 40’ LOT SF: 3,917 OVERVIEW BUILDING 77’ x 39’ DIMENSIONS: BUILDING SF: 17,184 STORIES: 6 UNITS: 13 UNIT MIX: (4) 1 BEDROOM (5) 2 BEDROOM (3) 3 BEDROOM (1) 4 BEDROOM ZONING: R6 FAR: 2.43 AIR RIGHTS: overbuilt 5 6 LOCATION OVERVIEW 21 New York City S. David Behin, Esq. 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