EMPIRE STATE OWNERSHIP

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1 EMPIRE STATE OWNERSHIP

2 OWN IN THE HEART OF MIDTOWN

3

4

5 CONVENIENCE, PRESTIGE, EQUITY OVERVIEW The office condominiums at 20 West 33rd Street are located on 33rd Street between Fifth Avenue and Broadway in the heart of Midtown Manhattan. These first-class office condominiums offer businesses the rare opportunity to reap the long-term benefits of real estate ownership. Address: 20 West 33rd Street, New York, NY Location: Between Fifth Avenue and Broadway in the Penn Plaza/ Herald Square Submarkets Completed: 1912 Building Size: Floor Size: Transportation: Approximately 176,700 RSF, 13 floors Approximately 14,000 RSF Steps to Penn Station, Herald Square, Port Authority, Grand Central Terminal, PATH and 16 subway lines A C E B D F M N Q R 4 5 6

6 THE OWNERSHIP ADVANTAGE BENEFITS OF OWNING VERSUS LEASING Significant Savings The annual cost of office condominium ownership is historically less than the cost of leasing. Current market lease rates far exceed the annual office condominium carrying costs, which include common charges, real estate taxes and if applicable, mortgage payments. Attractive Financing There are a variety of financing options that make owning an office condominium more affordable for businesses and non-profit organizations. Interest rates remain very low, and borrowers can often find loans as high as 90% loan-to-value, including construction costs.

7 Stabilized Occupancy Costs Office condominium owners are insulated from the escalating and unpredictable costs of leasing office space. An office condominium owner s occupancy costs remain stable and predictable, allowing for precise operating expense projections and easy budgeting, whereas tenants leasing office space are subject to the fluctuations of the leasing market and whims of landlords who may have conflicting objectives. Permanent Upgrades From office furniture to glass conference rooms, designing and building an office space involves significant capital. When a business cannot renew their lease they lose their investment and have to expend further capital to move and improve elsewhere. By owning office space, a business can justify a higher-end build-out that increases their competitive edge and improves the value of their real estate. Real Estate Tax Exemption Many non-profit and government organizations are exempt from paying real estate taxes when they own and occupy an office condominium. Tenants leasing office space are required to pay real estate taxes regardless of their status.

8 AREA OVERVIEW PENN PLAZA SUBMARKET 20 West 33rd Street is located in the Penn Plaza submarket, which has experienced an incredible transformation in recent years due to the shift of New York City s economy to a more technology and media-oriented base. Companies are drawn to the neighborhood for its excellent access to transportation and unique loft-style properties. Cultural, tourist and fashion attractions keep the neighborhood bustling with activity. The Empire State Building, Madison Square Garden, Bryant Park and Times Square ensure that hundreds of thousands of people contribute to commerce in the neighborhood. Other prestigious destinations in the area include trendy hotels such as The Ace Hotel, The Nomad Hotel and The Roger New York; restaurants such as Marta, Ilili, and The Cutting Room; and institutions such as The New York Public Library, The Morgan Library and Museum, and The Fashion Institute of Technology.

9 TIMES SQUARE / THEATER DISTRICT 7 METRO-NORTH S GRAND CENTRAL STATION E 42ND PORT AUTHORITY BUS TERMINAL BRYANT PARK NEW YORK PUBLIC LIBRARY E 41ST ST E 40TH ST BROADWAY E 39TH ST E 38TH ST 9TH AVE 8TH AVE PENN PLAZA AMTRAK, LIRR A C E U.S. POST OFFICE PENN STATION MADISON SQUARE GARDEN CHELSEA FASHION INSTITUTE OF TECHNOLOGY 7TH AVE MACY S W 34TH ST W 33RD ST W 32ND ST W 31ST ST W 30TH ST W 29TH ST W 28TH ST W 27TH ST W 26TH ST 6TH AVE HERALD SQUARE GREELEY SQUARE B D F M N Q R PATH NOMAD 5TH AVE MADISON AVE EMPIRE STATE BUILDING ACE HOTEL THE NOMAD HOTEL Ilili MARTA THE MORGAN LIBRARY AND MUSEUM PARK AVE 6 6 LEXINGTON AVE THE CUTTING ROOM THE ROGER NEW YORK E 37TH ST E 36TH ST E 35TH ST MARTHA WASHINGTON HOTEL W 25TH ST MADISON SQUARE PARK TRANSPORTATION The office condominiums at 20 West 33rd Street are within close proximity to Penn Station, Grand Central Terminal and the Port Authority Bus Terminal, making it a prime location for commuters. Penn Station, the busiest passenger transportation facility in the U.S. servicing 300,000 travelers a day, is located just two blocks west of the property. Penn Station provides access to commuter trains run by NJ Transit, Amtrak and the Long Island Rail Road. Additionally, the property is one block from the Herald Square B, D, F, M, N, Q and R lines, the PATH Rail System, two blocks from the 1, 2, 3 Subway lines and the 6 Subway line, and three blocks from the A, C, E Subway lines. Also within walking distance is Port Authority, New York s largest bus terminal. The property is ideally located in between Penn Station, Grand Central and Port Authority and therefore provides an easy commute for all employees. The location of 20 West 33rd Street will remain attractive to commuters indefinitely.

10 HUDSON YARDS MANHATTAN WEST PENN STATION NEIGHBORING IMPROVEMENTS INCREASE FUTURE VALUE Recently, the significant public and private funding in the Penn Plaza submarket has shifted attention to the west side of Manhattan. The area has become a hotbed for office development and investment, and has emerged as the location of choice for many tenants seeking to relocate within Manhattan. Institutional owners and investors within the Penn Plaza submarket have devoted significant capital to their assets in recent years, demonstrating their commitment to the submarket and their belief in improving market conditions going forward. The future value of 20 West 33rd Street will increase due to its proximity to the neighboring improvements.

11 MANHATTAN WEST PENN STATION HUDSON YARDS PENN PLAZA SUBMARKET

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13 THE BUILDING The concrete-encased steel and brick, pre-war building was developed in The recently renovated modern lobby consists of a double glass door foyer entrance, granite floors and a rounded cherry wood reception desk with gold trim. There are three recently renovated, high-speed passenger elevators and two freight elevators which are serviced from a separate freight entrance. The building has high power capacity and heavy floor loads. The office floors have an efficient layout, with expansive views overlooking the Empire State building and 125 feet of frontage facing north over West 33rd Street. Oversized windows enable offices to be flooded with natural sunlight.

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15 COMPUTER RENDERING OF THE 8TH FLOOR ALL ARTIST S RENDERINGS ARE FOR DEMONSTRATION PURPOSES AND DO NOT REFLECT EXISTING CONDITIONS. ALL RENDERINGS OF VIEWS AND EXPOSURE TO LIGHT ARE FOR DEMONSTRATION PURPOSES ONLY AND SUBJECT TO VARIANCES.

16 BUILDING SPECIFICATIONS 20 WEST 33RD STREET Address: 20 West 33rd Street (between Fifth Avenue and Broadway) Completed: 1912 Building Size: Approximately 176,700 RSF, 13 floors Floor Sizes: Approximately 14,000 RSF Electrical Service: Submetered electric on most floors Access: 24/7 access to the building Elevators: 3 passenger, 2 freight Transportation: Steps to Penn Station, Herald Square, Port Authority, Grand Central Terminal, PATH and 16 subway lines A C E B D F M N Q R Parking: Numerous parking garages located in the immediate vicinity

17 FLOORPLANS WEST 33RD STREET CORE PLAN WEST 33RD STREET OPEN OFFICE LAYOUT THIS FLOOR PLAN REPRESENTS ONLY AN APPROXIMATION OF THE SIZE AND PERIMETER OF THE UNIT(S). DETAILS, INCLUDING BUT NOT LIMITED TO, PARTITIONS AND FURNITURE SHOWN HEREON, ARE FOR DEMONSTRATION PURPOSES ONLY AND DO NOT REFLECT EXISTING CONDITIONS, WHICH LIKELY VARY FROM THE CONDITIONS SHOWN HEREON.

18 TEAM Exclusive Sales and Marketing Rudder Property Group (RPG) is New York s only commercial real estate firm specializing exclusively in the conversion and sale of office condominiums. RPG consistently leads the market in office condominium sales and is widely respected throughout the real estate community as the foremost experts on New York s office condominium market. Sponsor 60 Guilders, LLC (60G) is a private, New York City based real estate investment and operating firm, with a portfolio of office, retail and residential properties valued in excess of $1 billion. 60G s operations are built around an extensive network of relationships and proprietary data, and are leveraged by its inhouse expertise in acquisitions, dispositions, financing, asset management, construction management, leasing, marketing and accounting. Property Management The Feil Organization owns, develops, and manages over 26 million square feet of retail, commercial, industrial, residential, and undeveloped properties. Each property under Feil s management is monitored on a daily basis by a handson administrative, financial and maintenance staff. All accounting procedures, tenant reference inquiries, and inventory control processes are handled through its sophisticated in-house IT system. Because of the size and number of properties it manages, Feil can achieve economies of scale that effectively control cost and optimize overall performance while keeping each property on top of changing trends in the marketplace.

19 View from 20 West 33rd Street

20 Michael Rudder O: (212) M: (646) Michael Heller O: (212) M: (917) Rudder Property Group 866 United Nations Plaza Suite 207 New York, NY THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM THE SPONSOR. FILE NO. CD NO ALL ARTIST S RENDERINGS ARE FOR DEMONSTRATION PURPOSES AND DO NOT REFLECT EXISTING CONDITIONS. UNITS ARE BEING OFFERED IN THE CONDITION SET FORTH IN THE OFFERING PLAN. ALL RENDERINGS OF VIEWS AND EXPOSURE TO LIGHT ARE FOR DEMONSTRATION PURPOSES ONLY AND SUBJECT TO VARIANCES. SPONSOR MAKES NO REPRESENTATIONS AS TO ANY VIEW AND/OR EXPOSURE TO LIGHT AT ANY TIME OR AS THE SAME MAY BE AFFECTED BY ANY EXISTING OR FUTURE CONSTRUCTION BY EITHER SPONSOR OR A THIRD PARTY. SPONSOR: 20 WEST 33RD STREET PROPERTY OWNER, L.L. C., C/O 60 GUILDERS, LLC, 370 7TH AVENUE, SUITE 1400, NEW YORK, NEW YORK PROPERTY ADDRESS: 18 & WEST 33RD STREET, NEW YORK, NEW YORK

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