P R I M E R E D H O O KP O R T F O L I O

F O R S A L E ••••••••••••••••••••••••••••••••••••••• ASKING $6,550,000

147 Van Dyke Street Warehouse20x75 (1,500SqFt) Zoned MX M-1/ R5 (FAR 1.65) / 2,475 SqFt BuidableRE Tax $10,151 /YRMarketed separately for $1.7M2 Commercial Condos & 3 out of 6 Residential Condos ••••••••••Controlling Board Member•••••••••••••••••••••••••••

152 Beard Street • COMMERCIAL CONDO #1351 SqFt / RE Tax $110/yr / Condo Charges $97.24/moMarket Lease Rates : $36-40/SqFt (Currently Owner Occupied)

152 Beard Street • COMMERCIAL CONDO #23,889 SqFt + 500 SqFt Rear Yard + 200SqFt Mezzanine Zoned MX M-1 / RE Tax $3,033/yr / Condo Charges $1,146.69/moMarket Lease Rates : $24-30/SqFt (Currently Owner Occupied)

152 Beard Street • CONDO UNIT #3A947SqFt + 160 SqFt Terrace / RE Tax $719/yr / Condo Charges $479.57moMarket Rent : $3500-$3750 (Current tenant is month-to-month at $3150)

152 Beard Street • CONDO UNIT #4A 947SqFt + 160 SqFt Terrace / 1/2 Roof Rights RE Tax $707/yr / Condo Charges $479.67/moMarket Rent w 1/2 Roof Rights : $3,750 - $4000 (Current tenant is month-to-month at $3000- w/ No Roof Access)

152 Beard Street • CONDO UNIT #4B 898 SqFt + 160 SqFt Terrace / 1/2 Roof RightsRE Tax $709/yr / Condo Charges $456.79/moMarket Rent w 1/2 Roof Rights : $3,750 - $4000 (Current tenant is month-to-month at $3050- w/ No Roof Access)

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We place an emphasis on uncovering opportunities by understanding each and every one of our clients' goals.

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147 Van Dyke Street Warehouse20x75 (1,500SqFt) Zoned MX M-1/ R5 (FAR 1.65) 2,475 SqFt BuidableRE Tax $10,151 /YR

• Property sits on 20'x75' lot and is built on entire  property line with an existing 1 story 1500 square foot building w 22’ ceilings.

• MX zoning allows commercial usage along with R5 zoning the maximum allowable floor area for the entire building, including both uses, is 1.65 x lot size, or 1.65 x 1500 sf. Please see the relevant sections from Article 21, Chapter 3 listed below concerning mixed use buildings. Point (a).(4) provides the restriction on the total floor area in a mixed use building. (Please consult your architect) 

• Build an additional 975 square feet for a total of 2475 square feet. What you designate as parking or utility areas does not count against FAR used.

••••••••••••••••• Portfolio Price: $1,600,000 ••••••••••••••••• ($1,067/SqFt / $647 Buildable SqFt)

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123-64Maximum Floor Area Ratio and Lot Coverage Requirements for ZoningLots Containing Mixed Use BuildingsFor #zoning lots# containing #mixed use buildings#, the followingprovisions shall apply.(a) Maximum #floor area ratio# (1) #Manufacturing# or #commercial uses# The maximum #floor area ratio# permitted for #manufacturing# or #commercial uses# shall be the applicable maximum #floor area ratio# permitted for #manufacturing# or #commercial uses# under the provisions of Section 43-12, in accordance with the designated M1 District." "

(3) #Residential uses#" " " " Where the #Residence District# designation is an R3, R4

or R5 District, the maximum #floor area ratio# permitted for #residential uses# shall be the applicable maximum #floor area ratio# permitted for #residential uses# under the provisions of Sections 23- 14 and 23-141, in accordance with the designated #Residence District#." " " " "" " "

(4) Maximum #floor area# in #mixed use buildings#" "" " " The maximum total #floor area# in a #mixed use building# shall be the maximum #floor area# permitted for either the #commercial#, #manufacturing#, #community facility# or #residential use#, as set forth in this Section, whichever permits the greatest amount of #floor area#.

152 Beard Street • CONDO UNIT #3A 947SqFt + 160 SqFt Terrace RE Tax $719/yr / Condo Charges $479.57mo•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••$800,000152 Beard Street • CONDO UNIT #4A 947SqFt + 160 SqFt Terrace / 1/2 Roof Rights RE Tax $707/yr / Condo Charges $479.67/mo•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••$875,000152 Beard Street • CONDO UNIT #4B898 SqFt + 160 SqFt Terrace / 1/2 Roof RightsRE Tax $709/yr / Condo Charges $456.79/mo•••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••$875,000A unique opportunity to be the controlling condo board member w the portfolio purchase of 3 residential condos and 2 commercial condos. These 3 super sunny condos located in red-hot Red Hook gives you the feel and space of a private home, with outdoor space, warm light and beautiful views. Units 3A & 4A have western exposure, with sun-drenched afternoon light, and direct views of the Statue of Liberty from the terraces. Unit 4B has direct views of the harbor and lower Manhattan. All units have custom kitchen that feature nice appliances (incl. dishwasher and washer/dryer) and hardwood floors throughout. To top it off, Units 4A & 4B have exclusive rights for the 2500 SqFt roof where there are 360 degree spectacular, unobstructed views of NY Harbor, the Statue of Liberty, Brooklyn and the Downtown skyline of Manhattan. The condo building consists of 2 commercial condos with 32 Ft of frontage (see next page for details on commercial condos) and 6-unit residential units. The building is steps from Red Hook’s main strip --Van Brunt St, as well as a stones throw from Valentino Pier, Fairway and the waterfront. The condos are just three short blocks from the new ferry for a 15 min ride to NYC and 1 blk to B61 & B57 buses for a 10 min ride to a connection to all major subway lines to Manhattan. With 5 of the 8 units in the Condo Association you are the controlling member.

421A Tax Abatement (2007)

••••••••••••••••• Portfolio Price: $2,550,000 ••••••••••••••••• ($800/SqFt Interior / $100 outdoor SqFt)

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152 Beard Street • COMMERCIAL CONDO #1351 SqFt RE Tax $110 /yr Condo Charges $97.24/mo ($1,166.88 /yr)

Commercial Condo #1 consists of 351 SqFt small office connected to the lobby. Perfect for a massage therapist, business office etc.

152 Beard Street • COMMERCIAL CONDO #23,889 SqFt + 500 SqFt Rear Yard (+ 200SqFt Mezzanine) Zoned MX M-1 / RE Tax $3,033 /yr Condo Charges $1,146.69/mo ($13,760.28 /yr)ICIP Tax Abatement (2007)

Commercial Condo #2 consists of 3,889 SqFt + 500 SqFt yard. The commercial condo can be used for retail or light manufacturing and is perfect for a restaurant, gallery or any creative/light mfg or retail usage. Currently used by contractor for offices and to park trucks and store materials. Space has 2 large roll up gates (pictured) for easy access and features 16’ ceilings, constructed offices, a 200 SqFt mezzanine. It has 32 feet of frontage along Beard Street and positioned at the base of a 6-unit condo building steps from Red Hook’s main strip --Van Brunt St, as well as a stones throw from Valentino Pier, Fairway and the waterfront. The building is steps from Red Hook’s main strip --Van Brunt St, as well as a stones throw from Valentino Pier, Fairway and the waterfront. The condos are just three short blocks from the new ferry for a 15 min ride to NYC and 1 blk to B61 & B57 buses for a 10 min ride to a connection to all major subway lines to Manhattan.

••••••••••••••••• Portfolio Price: $2,400,000 ••••••••••••••••• $506/sf

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3A maintenance $8,000/yr income $3,150/mo - $37,800 (potential $3500/mo - $42,000/yr)

4A maintenance $8,000/yr income $3,000/mo - $36,000 (potential $3750/mo - $45,000/yr)

4B maintenance $8,000/yr income $3,050/mo - $36,600 (potential $3750/mo - $45,000/yr)

Commercial #1 maintenance $2,500/yr owner occupied (potential $1,170/mo - $14,040/yr)

Commercial #2 maintenance $19,000/yr owner occupied (potential $8,500/mo - $102,000/yr)

147 Van Dyke expenses $12,000/yr (income from 1/2 of whouse $2,750/mo-$33,000) (potential $5,500/mo - $66,000/yr)

TOTAL EXPENSES : $57,500

TOTAL PROJECTED INCOME: $314,440

PROJECTED NOI $256,940

PROJECTED CAP RATE $6,000,000 / 4.28%

$5,750,000 / 4.46%

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