th St Mona Lisa Bakery

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1 Presenting: th St Brooklyn, NY ,564 SF Storefront Building Built in 1931 Property is for sale at $3,500,000 ($365.96/SF)

2 th St PREPARED BY: Coldwell Banker Reliable Commercial Division 7428 Fifth Ave Brooklyn, NY Joseph T. Hamdan Broker/Owner (phone) (fax)

3 th St - Location: Developer: Management: Recorded Owner: Brooklyn Cluster South Brooklyn Submarket Kings County Brooklyn, NY Nasrsaied, Inc. Expenses: 2011 $3.80/sf; 2011 $3.60/sf, 2006 Est $3.38/sf Parcel Number: Building Type: Retail/Storefront Bldg Status: Built 1931 Building Size: Typical Floor Size: Stories: 9,564 SF 4,782 SF 2 Land Area: 0.11 AC Total Avail: - % Leased: 100% Total Spaces Avail: 0 Smallest Space: 0 SF Bldg Vacant: - Street Frontage: Parking: 57 feet on 86th - Page 0

4 Investment Information th St - Brooklyn, NY ,564 SF Storefront Building Built in 1931 Property is for sale at $3,500,000 ($365.96/SF) For Sale Data Sale Price: $3,500,000 Price/SF: $ Cap Rate: - Days on Market: Sale Status: 1 Active Sale Conditions: - Sale Type: Investment Income Expense Data Gross Income: $280,800 Other Income: - Vacancy Allowance: - Total Est Income: $280,800 Taxes: $36,313 Operating Expense: $34,476 Total Est Expenses: $70,789 Est NOI: $210,011 Coldwell Banker Reliable Commercial Division 7428 Fifth Ave Brooklyn, NY (718) Sales Contacts Joseph T. Hamdan Broker/Owner (718) ext. 105 (866) fax phone Page 1

5 Property Information th St - Brooklyn, NY ,564 SF Storefront Building Built in 1931 Property is for sale at $3,500,000 ($365.96/SF) Center Information Center Type: Storefront Bldg Status: Built 1931 Center Size: 9,564 SF % Leased: 100.0% Rent/SF/yr: Stories: 2 Elevators: - Total Avail: 0 SF Bldg Vacant: 0 SF CAM: - Zoning: R4, Brooklyn (K4) Owner Type: - Owner Occupied: No Tenancy: - Land Area: 0.11 AC Lot Dimensions: 57x80 Street Frontage: 57 feet on 86th Parcel No: Page 2

6 Location Information th St - Brooklyn, NY Metro Market: Submarket: County: Long Island (New York) Brooklyn/South Brooklyn Kings City Level Street Level Page 3

7 Aerial / Map Report th St - Brooklyn, NY Page 1

8 Aerial / Map Report th St - Brooklyn, NY Page 2

9 Traffic Count Report Building Type: Secondary: GLA: Year Built: Total Available: % Leased: Rent/SF/Yr: Retail Storefront 9,564 SF SF 100% th St, Brooklyn, NY Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 14th Ave 86th St 0.02 SW ,845 Converte th Ave 85th St 0.02 SW ,935 Converte th St 14th Ave 0.06 SE ,075 ADT th St 17th Ave 0.07 SE ,470 ADT th Ave 82nd St 0.02 SW ,500 AADT th Ave 86th St 0.02 SW ,013 Converte th Ave 85th St 0.03 SW ,238 Converte th St Bay 16th St 0.01 SE ,400 AADT th St 14th Ave 0.06 NW ,100 AADT th St 12th Ave 0.06 SE ,100 AADT.49 Page 5

10 Demographic Market Comparison Report th St, Brooklyn, NY mile radius Type: County: Retail/Storefront Kings Population Growth Household Growth 1 Mile County 2010 Med Household Inc 2010 Households by Household Income 2010 Median Age 2010 Population by Race 2010 Renter vs. Owner 2010 Blue vs. White Collar Page 6

11 Demographic Market Comparison Report th St, Brooklyn, NY Type: County: Population Retail/Storefront Kings 1 Mile County Growth % 4.20% Growth % 2.00% 1 mile radius 2010 Blue Collar 7, % 158, % 2010 White Collar 23, % 576, % 2010 Population By Race 96,062 2,567,699 White 67, % 1,035, % Black Afr Am % 913, % Am Indian Alaskan % 10, % Asian 21, % 232, % Hawaiian Pacif Isldr % 1, % Other Race 2, % 252, % Two or More 3, % 122, % Households Growth % 3.40% Growth % 1.90% Renter Occupied 22, % 665, % Owner Occupied 13, % 245, % 2010 Households by HH Income 36, ,641 Income < $35,000 12, % 380, % Income $35,000 - $74,999 12, % 295, % Income $75,000 - $149,999 8, % 186, % Income $150,000 - $249,999 1, % 37, % Income $250, % 10, % 2010 Median Household Income $50,620 $43, Median Age Page 7

12 Demographic Summary Report Building Type: Secondary: GLA: Year Built: Retail Storefront 9,564 SF th St, Brooklyn, NY Total Available: % Leased: Rent/SF/Yr: 0 SF 100% - Radius 1 Mile 3 Mile 5 Mile Population 2015 Projection 96, ,131 1,549, Estimate 96, ,789 1,530, Census 95, ,008 1,496,913 Growth % 1.10% 1.30% Growth % 2.00% 2.20% 2010 Population by Hispanic Origin 7, , , Population By Race 96, ,789 1,530,353 White 67, % 492, % 817, % Black or African American % 32, % 337, % American Indian and Alaska Native % 2, % 4, % Asian 21, % 150, % 202, % Native Hawaiian and Pacific Islander % % % Other Race 2, % 54, % 97, % Two or More Races 3, % 35, % 69, % Households 2015 Projection 36, , , Estimate 36, , , Census 36, , ,117 Growth % 0.80% 1.10% Growth % 0.30% 1.20% Owner Occupied 13, % 79, % 175, % Renter Occupied 22, % 189, % 375, % 2010 Households by HH Income 36, , ,595 Income Less Than $15,000 5, % 53, % 96, % Income: $15,000 - $24,999 4, % 31, % 58, % Income: $25,000 - $34,999 3, % 27, % 54, % Income: $35,000 - $49,999 5, % 36, % 74, % Income: $50,000 - $74,999 7, % 51, % 106, % Income: $75,000 - $99,999 5, % 33, % 72, % Income: $100,000 - $149,999 3, % 21, % 54, % Income: $150,000 - $249,999 1, % 11, % 26, % Income: $250,000 - $499, % 2, % 5, % Income: $500,000 or more % % % 2010 Avg Household Income $62,750 $57,734 $62, Med Household Income $50,620 $44,375 $48, Per Capita Income $23,785 $20,377 $22,585 Page 8

13 Daytime Employment Report Building Type: Secondary: GLA: Year Built: Retail Storefront 9,564 SF th St, Brooklyn, NY Total Available: % Leased: Rent/SF/Yr: 0 SF 100% - 1 Mile Radius Business Employment by Type # of Businesses # Employees #Emp/Bus Total Businesses 2,147 11,810 6 Total Retail 667 2,353 4 Home Improvement Stores General Merchandise Stores Food Stores Auto Dealers and Gas Stations Apparel and Accessory Stores Furniture and Home Furnishings Eating and Drinking Places Miscellaneous Retail Stores Finance-Insurance-Real Estate Banks, Saving and Lending Inst Security Brokers and Investments Insurance Carriers and Agencies Real Estate-Trust-Holding Co Services 856 5,515 6 Hotels and Lodging Motion Picture and Amusement Health Services 140 1, Legal Services Educational Services 50 1, Auto Services Other Services 541 1,643 3 Agriculture/Mining Construction Manufacturing Transportation, Comm./Pub Util Wholesale Trade 119 1, Government Daytime Population 11,810 Daytime Population/Business 6 Residential Population 96,063 Residential Population/Business 45 Page 9

14 Consumer Spending Report Building Type: Secondary: GLA: Year Built: Total Available: % Leased: Rent/SF/Yr: Retail Storefront 9,564 SF SF 100% th St, Brooklyn, NY Annual Spending 1 Mile 3 Mile 5 Mile (in Thousands) Total Specified Consumer Spending $1,149,913 $7,911,000 $17,472,499 Total Apparel $46,480 $321,302 $705,503 Women's Apparel 18, , ,535 Men's Apparel 10,551 72, ,803 Girl's Apparel 3,875 26,275 58,272 Boy's Apparel 3,135 21,674 47,939 Infant Apparel 3,157 22,360 49,110 Footwear (excl. Infants) 7,055 49, ,409 Other Apparel Prod/Services 7,693 54, ,846 Total Entertainment $114,649 $778,900 $1,719,220 Sports and Recreation 3,776 25,694 57,700 TV, Radio and Sound Equipment 41, , ,309 Reading Materials 5,388 36,422 79,647 Travel 62, , ,022 Photographic Equipment 1,336 9,273 20,542 Total Food At Home $110,860 $772,371 $1,683,025 Cereal Products 7,037 49, ,361 Bread & Bakery Products 14,045 96, ,636 Seafood 6,524 45,237 98,192 Meat/Poultry/Fish/Eggs 37, , ,457 Dairy Products 17, , ,164 Fruits and Vegetables 29, , ,214 Total Food Away From Home $103,665 $716,830 $1,574,625 Breakfast and Brunch 11,797 81, ,789 Dinner 47, , ,183 Lunch 33, , ,772 Snacks and Non Alcoholic Bev 8,148 56, ,628 Catered Affairs 3,150 20,374 45,253 Page 10

15 Consumer Spending Report th St, Brooklyn, NY Annual Spending (in Thousands) 1 Mile 3 Mile 5 Mile Total Alcoholic Beverages $19,674 $135,443 $298,818 Alcoholic Bev. at Home 10,607 73, ,719 Alcoholic Bev. away from Home 9,067 62, ,099 Total Furniture/Appliances $105,601 $718,294 $1,594,613 Bedroom Furniture 5,521 38,802 86,308 Living Room Furniture 10,371 69, ,102 Other Living & Family Room 2,198 14,877 33,443 Furniture Other Furniture 1,143 7,370 16,520 Major Appliances 8,475 56, ,132 Small Appliances 21, , ,014 Misc Household Equipment 56, , ,092 Total Transportation/Maint. $228,685 $1,583,095 $3,516,981 New Autos/Trucks/Vans 59, , ,680 Used Vehicles 55, , ,005 Purchase of RVs or Boats 4,871 33,636 77,961 Gasoline 79, ,000 1,224,249 Diesel Fuel 842 5,987 13,564 Automotive Maintenance/Repair 29, , ,522 Total Health Care $45,126 $310,180 $682,064 Medical Services 26, , ,034 Prescription Drugs 13,395 92, ,642 Medical Supplies 4,774 32,572 71,388 Total Education/Day Care $96,886 $649,314 $1,435,607 Education 43, , ,092 Room and Board 2,938 19,889 45,027 Tuition/School Supplies 39, , ,309 Day Care, Nursery & Preschool 10,729 71, ,179 Page 11

16 Coldwell Banker Reliable Commercial Division 7428 Fifth Avenue Brooklyn, NY Phone (718) Fax (718) Commercial Building Package Besonhurst 86 th Street Retail Corridor $3,500,000 Address: Description: th Street, Brooklyn, NY Three Building package, 2 Stories Building with Ground Floor Retail Approximately 5,040 SQFT, Five Residential Units Above BLOCK: 6359 LOT: 0037, 0038, Total Square Footage 9,564 SQFT. Zoning: C1-2/R4 Coldwell Banker Reliable Commercial Division is pleased to announce the sale of a Commercial Building Package in the Brooklyn neighborhood of Bensonhurst on the 86 th Street Retail Corridor. The package consists of three Mixed-Use Buildings Zoned C1-2/R4 Buildings are a combined 8,265 SQFT with approximately 5,100 square feet of retail on the ground floor and five second floor Residential Units. Gross Rent Roll of $280,800, assumable owner financing of $2,100,000 in place. Neighborhood Information: Bensonhurst is a neighborhood located in the south-western part of the New York City borough of Brooklyn. Sometimes erroneously thought to include all or parts of such neighborhoods as Bath Beach, Dyker Heights, and Borough Park, or to be defined by the streets where the ethnicity of Italian residents is most prominent, Bensonhurst actually has a clearly defined border, with Gravesend to the southeast, Midwood to the east, Borough Park to the north, Dyker Heights to the west, and Bath Beach to the southwest. Income: (Bakery) Commercial Tenant $17,500 Monthly (Actual) Annual Rental Income $210,000 Lease Term: Expires 08/31/26 Apartment #1 $1,200 Monthly Annual Rental Income $14,400 Two Bedroom Apartment Bensonhurst Lease Term: Month to Month Apartment #2 $1,200 Monthly Annual Rental Income $14,400 Two Bedroom Apartment Bensonhurst Lease Term: Month to Month

17 Apartment #3 $1,200 Monthly Annual Rental Income $14,400 Two Bedroom Apartment Bensonhurst Lease Term: Month to Month Apartment #4 $1,200 Monthly Annual Rental Income $14,400 Two Bedroom Apartment Bensonhurst Lease Term: Month to Month Apartment #5 $1,100 Monthly Annual Rental Income $13,200 Two Bedroom Apartment Bensonhurst Lease Term: Month to Month Total Gross Rental Income: $280,800 Expenses: Real Estate Taxes: $36,313 ($12,104 Paid by Commercial Tenant) $24,209 Insurance: $10,000 Common Electric Charge: $1,000 Heating: $5,000 Water & Sewage: $2,500 Management 2.5%: $7,020 Maintenance 2.5%: $7,020 Total Expenses: $70,789 NOI: $210,011 (Actual) Cap Rate: 6.4% (February 2011) Contact: Joseph T. Hamdan (718) or (917)

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