1. A Free-Market Bedford-Stuyvesant Eight Family Apartment Building CONFIDENTIAL OFFERING MEMORANDUM OFFERING MEMORANDUM www.newyorkmultifamily.com 970 Greene Ave Move transparency up after placing photos

2. MARKETING TEAM Thomas Shihadeh Associate 270 MADISON AVENUE Tel: 718.475.4380 Fax: 646-349-2282 Tshihadeh@marcusmillichap.com Shaun Riney Vice President of Investments 16 COURT STREET Tel: (718) 475-4369 Fax: (646) 349-2282 shaun.riney@mmreis.com Dan Greenblatt 16 COURT STREET Tel: (718) 475-4357 Fax: (718) 475-4310 daniel.greenblatt@marcusmillichap.com Andrew Dansker, Financing Inquiries Licensed Sales Associate 270 MADISON AVENUE Tel: 212-430-5168 Fax: 212-500-5110 adansker@marcusmillichap.com 970 Greene Ave

4. FINANCIAL ANALYSIS 970 Greene Ave PRICING +

5. Rent Roll 970 Greene Ave Pricing + Financial Analysis This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap Activity ID Number * DHCR order substantiating free-market status through substantial rehabilitation to be provided. Please see listing agent for copy. ** Pro forma rents are based on minor cosmetic upgrades, please contact listing agent to discuss current layouts and condition of apartments. Kitchens and bathrooms in the middle of each unit.

6. 970 Greene Ave Pricing + Financial Analysis This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap Activity ID Number * Property de-stabilized through substantial rehabilitation. DHCR order in place. ** Each tenant has separate boiler and is responsible for heat and hot water.

7. 970 Greene Ave Pricing + Financial Analysis This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2015 Marcus & Millichap Activity ID Number

8. DESCRIPTION 970 Greene Ave PROPERTY

9. 970 Greene Ave Address:970 Greene Avei City:Brooklyni State:New York Block & Lot:1622 / 28i Lot Dimensions:26.42 ft. x 110 ft.i Lot SF:2,906i Building Dimensions:26.42ft. x 80ft.i Building SF:i8,115 Zoning:R6Bi Max FAR:2.00i Available Air Rights:5,812i Landmark District:Nonei Historic District:Nonei Annual Tax Bill:$6,595i Tax Class:2Bi Property Description

10. 970 Greene Ave SUBJECT PROPERTY Property Description

11. 970 Greene Ave Property Description Exteriors

12. 970 Greene Ave Property Description Interiors

13. 970 Greene Ave Property Description Interiors

14. 970 Greene Ave Property Description

15. OVERVIEW 970 Greene Ave MARKET

16. 970 Greene Ave Market Overview Brooklyn. OVERVIEW The borough we know today as “Brooklyn” was named by Dutch colonists after a village in the Netherlands called “Breuckelen.” Brooklyn is home to over 2.6 million residents who are part of a much larger population system; the New York City metropolitan area is the largest in the United States, with more than 19 million inhabitants in three states. New York City consists of five boroughs with about 8.4 million people. Brooklyn, also goes by the name Kings County and the “Borough of Homes and Churches.” Brooklyn is the 7th most populous county in the United States behind such major cities as Los Angeles and San Diego. While physically located on the island, Brooklyn is not considered a part of Long Island. TRANSPORTATION About 66 percent of Brooklyn's population take public transit to get to and from work daily. They spend an average of 43 minutes traveling to work. 45% take the subway to work 22% drive to work 10% take the bus 9% walk to work 8% carpool 2% work at home Public transportation is easily accessible with the subway and bus systems. The vast majority of current subway lines in Brooklyn trace their lineage back to the Brooklyn–Manhattan Transit (BMT) and Brooklyn Rapid Transit (BRT). Subway lines include but are not limited to: D, N, R, F, A, C, B, Q, 2, 3, L, G, S, J, M, Z, 4, 5

17. 970 Greene Ave Market Overview ARTS & CULTURE Brooklyn has played a major role in various aspects of American culture including literature, cinema and theater. Brooklyn hosts the world-renowned Brooklyn Academy of Music, the Brooklyn Philharmonic, and the second largest public art collection in the United States, housed in the Brooklyn Museum. Brooklyn has roughly 700 arts and cultural institutions and about 30 miles of waterfront. Brooklyn is also made up of some of New York's prominent Universities and Colleges. Some of the more popular and well respected include: Brooklyn College Polytechnic Institute Packer Collegiate Institute St. Joseph’s College St. Francis College Brooklyn Law School. DEMOGRAPHICS The median age of a Brooklyn resident is 34.7 years. 38 percent of Brooklyn's population are foreign born. Families make up 64 percent of Brooklyn households. In 2006, the U.S. Census Bureau calculates Brooklyn's population at 2,508,820. Brooklyn remains the most populous of the city's five boroughs. 2,230,722 in Queens 1,585,873 in Manhattan 1,385,108 in The Bronx 468,730 in Staten Island 7.1% (7.5%) are under the age of 5 years 23.7% (25.1%) are under the age of 18 11.5% (12.3%) are age 65 or older The median age of females in Brooklyn is 35.7 (36.5) years old. For males, it's 32.4 (32.7) years.

18. 970 Greene Ave NEIGHBORHOODS Brooklyn is an international brand, cultural hub, culinary capital, and real estate juggernaut. Its streets are full of diversity, interesting people, and things to do. For more New York City arrivals than ever, for long-time New Yorkers looking for an easier life, for first-time homeowners and long-term renters, it has become the first choice of where to live and where to lay down their roots. Neighborhoods are why. “Brownstone Brooklyn” contains row after row of magnificent homes. Downtown has become a perfect mixed-use neighborhood, containing a vibrant mélange of residential lofts, top retail, and commercial creativity. Williamsburg has emerged as one of the best neighborhoods for adults and families in the world. Don’t forget the charm. Park Slope rivals the West Village and Upper West Side for New Yorkers seeking good schools and park-front living. Brooklyn Heights, Fort Greene and Clinton Hill are blessed by some of the most beautiful urban streets anywhere. Manhattan Beach offers coastal living in a neighborhood lined with trees. There are breathtaking mansions in Prospect Lefferts Gardens, Midwood, and Ditmas Park. Prospect Heights has an arch like Paris and edifices that resemble life on Europe’s grandest boulevards. The only way to truly understand Brooklyn is to walk its streets, see its homes, meet its people, and understand its ebb and flow. Never before, has looking for a home in Brooklyn been this exciting. One of the best places to start is here. Brooklyn. Market Overview

19. MARKETING TEAM 970 Greene Ave Tom Shihadeh 270 MADISON AVENUE Tel: 718.475.4380 Fax:646-349-2282 tshihadeh@marcusmillichap.com Shaun Riney Vice President of Investments 16 COURT STREET Tel: (718) 475-4369 Fax: (646) 349-2282 shaun.riney@mmreis.com Dan Greenblatt 16 COURT STREET Tel: (718) 475-4357 Fax: (718) 475-4310 daniel.greenblatt@marcusmillichap.com Andrew Dansker, Financing Inquiries Licensed Sales Associate 270 MADISON AVENUE Tel: 212-430-5168 Fax: 212-500-5110 adansker@marcusmillichap.com