1

46,365 Sq. Ft. Vacant Elevator BuildingStunning Upgrades | 75’ of Frontage

Outdoor Patio and Roof Deck

Bankruptcy SalE:55-59 chryStiE StrEEt, nyc

Sara D.Roosevelt

Park

ColumbusPark

LOWER MANHATTAN

TRIBECA

SOHO

LITTLEITALY

CHINATOWN

LOWEREAST SIDE

TWOBRIDGES

JERSEY CITY

City Hall

WoolworthBuilding

New Yorkby Gehry

New York CountySupreme Court

One WorldTrade Center

BrookfieldPlace

Marketplace28

B

Grand StD

4

Spring St5 6 6

4

Canal St5 6 6

1

Canal St2 3

A

Canal StC E

R

Canal StW

N

Canal StQ

J

Canal StZ

32

TABLE OF CONTENTS

6

73

EXECUTIVE SUMMARY

FLOOR PLANS

EVENTS/PHOTO SHOOTS

PROPERTY PHOTOS

FINANCIAL OVERVIEW

19

47

6 ExECuTivE SummAry

9 PrOPErTy OvErviEw

11 FiNANCiAL OvErviEw

19 PrOPErTy PhOTOS

47 EvENTS/PhOTO ShOOTS

61 PrOPErTy SPECiFiCS

73 FLOOr PLANS

Tax assessmenTAddress 55 Chrystie Street

City, State New york, Ny

Block 303

Lot 27

Year Built 1900

NRA 39,547

assessed $ $3,282,290assessed $/sF $87.53ToTal Taxes $348,567Taxes per sF $9.30

11

54

76

ExEcutivE Summary

rosewood realty is pleased to present the opportunity to joint venture or

purchase 55-59 Chrystie Street, a 6 story elevator office/retail building currently in

Bankruptcy.

The 46,365 square foot property, located in the up-and-coming Lower manhattan

area, is architecturally significant and boasts 75 feet of frontage. The ground floor

is comprised of two retail spaces, and the second through sixth floors consist of

office/commercial.

Just 3 minutes from the Grand Street subway station the property has stunning

vaulted ceilings, original beams, modern upgrades, and outdoor patio and roof

deck, providing sweeping views of manhattan and Brooklyn.

Built in 1900, the building underwent significant capital improvements in 2014

and 2016, modernizing while accentuating the character of the existing structure.

$1,900,000 was spent on updates to the common areas, loft, and office spaces.

55-59 Chrystie will attract a diverse office tenant roster across an array of industries,

both established and startup, such as media, tech, art, health & wellness, fashion,

and finance, thereby insulating an owner from industry specific risk. The Property,

in part or in entirety, can also be used as a luxury gallery or high end event space.

This deal presents investors the opportunity to purchase a unique mixed-use asset

with incredible upside. Due to its vacancy, it is a blank slate.

whereas the property is currently in Chapter 11 and is slated for sale, ownership is

also actively seeking joint venture proposals.

Sara D.Roosevelt

Park

ColumbusPark

LOWER MANHATTAN

TRIBECA

SOHO

LITTLEITALY

CHINATOWN

LOWEREAST SIDE

TWOBRIDGES

JERSEY CITY

City Hall

WoolworthBuilding

New Yorkby Gehry

New York CountySupreme Court

One WorldTrade Center

BrookfieldPlace

Marketplace28

B

Grand StD

4

Spring St5 6 6

4

Canal St5 6 6

1

Canal St2 3

A

Canal StC E

R

Canal StW

N

Canal StQ

J

Canal StZ

98

• 46,365squarefootofficeandretailpropertyrisingsixstories

• 75’offrontagedividedintotworetailunits

• $1.9Millionofrecentrenovations(2014and2016),whichincludeupgradestolobby,common

corridors, and loft/office spaces.

• PatioandroofdeckloungeprovidessweepingviewsofNewYorkCity

• LocatedbetweenCanal&HesterStreet,just3minutesfromtheGrandStreetsubwaystation

• Perfectforanarrayofofficetenants:media,tech,art,health&wellness,fashion,andfinance

• Inadditiontooffice&retail,thepropertycanbeusedasluxurygallery/eventspace

PROPERTY SNAPSHOT

STRUCTURAL/MECHANICAL OVERVIEW

PrOPErTy OvErviEw

PROPERTY NAME 55-59 Chrystie Street

PROPERTY TYPE Office-Retail

AddRESS 55-59 Chrystie St, New york, Ny 10002

MARkET Downtown

SUbMARkET Soho

ASSESSOR PARCEL Block 303, Lot 27

LOT Sq. FT. 7,500

LOT dIMENSIONS 75 x 100 ft

GROSS SqUARE FOOTAGE 46,365 SF

AVAILAbLE AIR RIGHTS 7,500 SF

YEAR bUILT/RENOVATEd 1900, 2014 & 2016

NUMbER OF STORIES 6-Stories, plus Basement

ZONING dISTRICTS C6-1G

OWNERSHIP Fee-Simple interest

EXTERIOR Brick masonry with stucco

HEATING Split system heat pumps and a packaged rTu

AIR-CONdITIONING Split system air conditioner and a packaged rTu

ELECTRICAL WIRING Copper

ELEVATORS One cable passenger unit

ROOF Built-up with aluminum coating and granular cap sheet

FIRE SPRINkLER 100% coverage

1110

FINANCIAL OVERVIEW

1312

F iNANCiAL OvErviEw

Historical stabilized

properTY pro-Forma 2014 2015 2016 2017 pro Forma

revenue:

BaseRentalRevenue(i): $1,690,322 $1,885,971 $2,133,575 $1,743,803 $2,766,179

ExpenseReimbursementRevenue: $91,920 $41,416 $65,606 $52,870 $70,000

potential Gross revenue: $1,782,242 $1,927,387 $2,199,181 $1,796,673 $2,836,179

Vacancy&CollectionLoss(ii): ($141,809)

effective Gross revenue: $1,782,242 $1,927,387 $2,199,181 $1,796,673 $2,694,370

operating expenses:

RETaxes(iii): $237,110 $268,865 $297,294 $320,494 $365,361

Utilities: $80,330 $81,547 $73,134 $65,374 $80,000

ContractServices: $8,264 $7,740 $9,014 $8,326 $7,000

Payroll&AssociatedBenefits: $23,920 $24,700 $27,825 $27,820 $25,000

RepairsandMaintenance: $12,625 $2,426 $7,371 $17,505 $10,000

Insurance: $33,225 $39,228 $45,063 $49,995 $45,000

ManagementFees(iv): $35,645 $38,548 $43,984 $35,933 $53,887

Miscellaneous: $4,310 $9,992 $5,124 $6,113 $5,000

Total operating expenses $435,429 $473,046 $508,809 $531,560 $591,249

net operating Income (noI): $1,346,813 $1,454,341 $1,690,372 $1,265,113 $2,103,121

NOI Margin %: 75.6% 75.5% 76.9% 70.4% 78.1%

Notes To Financials:(iii)ProFormaVacancy&CollectionLoss@5%ofPGR.(iii)ProFormaRETaxesassume6monthsoftaxesincurredbasedonFTY19/20Dept.OfFinanceBillingand6monthswith3%inflation(H22020).(iv)ProFormaMgmt.Fee@2%ofEGR.

*rentable SF assumes rEBNy Add on Factor.

Floor Gross sF rentable sF* ppsF monthly rent annual rent

Cellar 7,528 SF 7,461 SF $40.00 $24,871.20 $298,454.40

1st Floor 7,545 SF 6,645 SF $110.00 $60,910.58 $730,926.90

2nd Floor 7,550 SF 6,842 SF $60.00 $34,210.80 $410,529.60

3rd Floor 7,550 SF 7,223 SF $55.00 $33,104.09 $397,249.05

4th Floor 7,550 SF 7,366 SF $55.00 $33,760.38 $405,124.50

5th Floor 7,550 SF 6,887 SF $65.00 $37,306.26 $447,675.15

6th Floor 1,092 SF 1,173 SF $65.00 $6,351.64 $76,219.65

ToTal 46,365 sF 43,597 sF $63.45 $230,514.94 $2,766,179.25

FiNANCiAL OvErviEw

Tax assessmenTAddress 55 Chrystie Street

City, State New york, Ny

Block 303

Lot 27

Year Built 1900

assessed $ $3,282,290assessed $/sF $87.53ToTal Taxes $348,567Taxes per sF $9.30

Tax InFormaTIon (2018/2019) Tax YearAssessor’s Parcel No. Block 303, Lot 27Tax Code Area City of New york

Tax rate 10.5140%

Tax Class 4

Tax Assessment Transitional

Estimated market value $7,737,000

assessed ValueActual Transitional

Land $387,900 $387,900

improvements $3,093,750 $2,894,390

Total Assessed Value $3,481,650 $2,894,390Taxable Assessed Value $3,282,290Base Tax $345,100

addITIonal CHarGes/abaTemenTs/exempTIonsBldg-hazardous re-inspection Fee $85.00

Chinatown BiD $3,382.16

Total additional Charges $3,467ToTal base Tax & addITIonal CHarGes $348,567

1514

BIDDEADLINE:

January 28th, 2020• Alloffersarerequestedonorbeforetheofferduedateby5:00PMEST.

AUCTIONDATE:

January 30th, 2020 at 2 PM• OnlyQualifiedBiddersasdefinedintheBiddingProceduresandTerms&ConditionsofSalethathavesubmittedQualifiedBidsandprovidedepositsare eligible to participate.

ADDITIONALDETAILS:

• The property is being sold on an as is, where-is basis.

• Bid procedures available upon request

• Purchaser will be required to pay all costs and expenses it incurs in connection with its evaluation of the property

• rights are reserved to modify this process and the time frames set forth

AUCTIONLOCATION:

Herrick, Feinstein LLP 2 Park Avenue, New York, NY 10016

UnitedStatesBankruptcyCourtSouthernDistrictofNewYork-InRe:C.T.W.REALTYCOrP., - Case # 19-11425-mkv

INFORMATIONPROVIDEDAT:www.55Chrystie.com

should a private sale or joint venture not be consummated by January 24th, 2020, the following dates will apply:

Viewings:AvailablebyAppointmentUponRequest.

AuCTiON DETAiLSaddress: sub market sale price sale date Office SF retail sF Gla (sF) Class built/renovated ppsF

149 Canal Street Chinatown $7,300,000 10/10/19 5,764 1,441 7,205 C 1910 $1,013

53 E Broadway Two Bridges $5,500,000 1/11/19 5,127 1,709 6,836 C 1915 $805

161 Bowery Lower East Side

$24,300,000 8/30/18 13,921 5,073 18,994 C 1920/1989 $1,279

135 Bowery Lower East Side

$24,300,000 8/29/18 18,750 2,557 21,307 B 2015 $1,140

139 mott Street Little italy $6,800,000 8/24/17 4,900 2,430 7,330 C 1910 $928

30-32 howard Street Soho $46,000,000 1/9/18 42,407 0 42,407 B 1910/2018 $1,085

85 worth Street TriBeCa $21,000,000 8/4/17 5,000 20,000 25,000 C 1920 $840

174-178 mott Street* NoLiTa $44,000,000 12/15/16 39,998 8,190 48,188 B 1920/2015 $913

29, 31 Leonard Street, 198 w Broadway

Tribeca $24,500,000 7/11/18 29,400 0 29,400 C 1920 $833

79 walker Street Chinatown $19,000,000 9/29/16 21,582 0 21,582 C 1920/2016 $880

35-37 East Broadway Chinatown $20,200,000 3/14/18 24,157 9,000 33,157 C 1910/1985 $836

106 Franklin Street TriBeCa $11,500,000 1/25/17 11,000 2,400 13,400 C 1987 $858

64-66 white Street TriBeCa $13,445,000 3/27/18 15,036 0 15,036 B 1869 $894

44 hudson Street TriBeCa $14,000,000 9/27/18 12,000 3,570 15,570 C 1910/2019 $899

average $20,299,667 21,704 $940

address: sub market: lease signed Term Floor sF leased rent/sF

26 Bowery City hall Nov-18 10 years Ground 6,486 147.00

50 Bayard Street Chinatown Oct-17 7 years Ground 1,000 132.00

125 Canal Street Soho Sep-17 5 years Ground 1,000 132.00

79 mott Street Chinatown Aug-17 10 years BSmT, Ground 1,600 141.39

79 mott Street Chinatown mar-17 5 years Ground 870 179.31

116-120 mott Street Chinatown Dec-16 7 years Ground 500 177.79

7 Division Street City hall Jan-15 10 years Ground 1,650 90.42

14-16 Orchard Street Chinatown Apr-14 5 years Ground 637 74.07

145 Canal Street Soho mar-14 10 years Ground 1,200 107.37

9 Elizabeth Street City hall mar-13 8 years Ground 1,800 112.21

average 1,200 $132.00

address: sub market: lease signed Term Floor sF leased rent/sF

75 Spring Street Soho Jun-19 8 years 6 6,400 75.00

338 Broome Street Soho Feb-18 5 years 2 1,819 69.00

135 Bowery LES may-19 2 years 2 1,657 67.00

161 Bowery Street Soho Oct-19 2 years 3 3,300 63.00

84 Bowery Soho Sep-17 5 years 2 2,200 46.36

173 Canal Street Soho Jun-18 5 years 3 1,500 48.09

167-169 Canal Street Soho Apr-16 5 years 2 1,180 48.00

average 1,819 $63.00

RETAIL LEASE COMPARAbLES

OFFICE LEASE COMPARAbLES

PROPERTY SALE COMPARAbLES

1716

PROPERTY PHOTOS

1918

2120

2322

2524

2726

2928

3130

3332

3534

3736

3938

4140

4342

4544

EVENTS/PHOTO SHOOTS

4746

4948

Fabled event

5150

5352

Fabled event

5554

traumland

5756

5958

6160

PROPERTY SPECIFICS

6362

ProPerty SPeciFicS

Significant development in the immediate area consists of office, retail,

mixed-use and multifamily residential development.

• Canal Street is the primary retail corridor in the neighborhood and

over time has come to include a handful of national chain restaurants

and branch banks, in addition to the existing restaurant and retail stores

typical of Chinatown.

• in addition to the tenement style housing that has historically existed

in the neighborhood, new condominium development has taken place

over the past ten years, primarily along the borders with more desirable

neighborhoods of Soho, Little italy and the Lower East Side.

• The neighborhood represents a secondary office market within manhattan

that is included in the Soho submarket. As rents rise within the submarket,

the desirability of Chinatown office as a lower cost alternative continues

to increase, particularly for small and start-up creative, technology, and

media tenants.

• There are currently several mid-size office and residential development

projects in the immediate area, and a number of hotels have been

completed in recent years.

reformation

coop & Spree

3x1

michele varian

Blue in Green

Grand Seoul

Shabushabu macoron

Le coucou

Gohan-ya

DOmODOmO

SoHo

color Factory

tenement museum

miette culinary Studio

New museum of contemporary art

IMMEdIATE AREA PROFILE

Retail Restaurants Attractions

ProPerty SPeciFicS

The subject property is located in Chinatown, within the borough of

manhattan in New york City. Chinatown is bordered to the north by Little

italy, to the east by the Lower East Side, to the south by Civic Center, and to

the west by Tribeca and Soho.

As a historically Chinese ethnic enclave, Manhattan’s Chinatown has the

highest concentration of ethnic Chinese in the western hemisphere. The

area also serves the larger population base in the New york metro area,

which includes a significant Chinese population with additional Chinatown

neighborhoods spread across the five boroughs.

As the surrounding neighborhoods have seen significant redevelopment and

rising prices, the make-up of Chinatown has begun to shift, with existing,

formerly affordable, housing stock being renovated and leased at higher

rates.

New development has also taken place over the last ten years, primarily in

the form of luxury condominiums and hotels. Tourism and hospitality have

always played a role in the Chinatown economy given the historic significance

of the neighborhood, but over the last several years this has increased with

the increase in new construction, including luxury, hotels attracting tourists

to the neighborhood.

Public Transportation is available near the subject property. The D train is

available at Grand St. two blocks north of the subject, and the F train is

available at East Broadway, 6 blocks east.

LOCAL AREA PROFILE

TRANSPORTATION

6564

ProPerty SPeciFicS

Throughout the past decade both private and public investments have

transformed the economy of Lower manhattan. Numerous office buildings

have been built and renovated, and many are still under construction. mass

transit infrastructure and connections have been improved and, in some cases,

rebuilt entirely. The region has also seen a significant increase in the amount

of new retail complexes. Commuters and residents from other parts of the

metro area have moved to the region. while the financial sector continues

todominate LowerManhattan’seconomy, therehasbeena considerable

diversification of the overall workforce.

information and media companies including Time, inc. and Conde Nast have

relocated to the area, which is currently the fourth largest business district

in the country. Lower manhattan is also home to the South Street Seaport,

City hall, and wall Street. As of 2015, private sector employment accounted

for 228,300 jobs in the region, with one tenth of all private sector jobs in

the borough located within Lower manhattan. in addition to finance, other

economic sectors that are particularly strong include healthcare, business

services, hospitality, and information. Tourism has also become an important

part of the local economy, with over 14 million tourists visiting the region

each year.

Community services and facilities are readily available in the surrounding

area. These include public services such as fire stations, hospitals, police

stations,andschools(allages).ThesubjectpropertyislocatedintheNYC

Geog District # 2 - manhattan.

ECONOMIC FACTORS

COMMUNITY SERVICES

LibertyState Park

PershingField

Bridge Park

HamiltonPark

SouthCove

Madison Square

Park

ProspectPark

CoffeyPark

Tompkins Square Park

SunsetPark

Pratt Institute

Long IslandUniversity-Brooklyn

NYUNewportCentre

Mall

New YorkTransit Museum

New YorkTransit Museum

World TradeCenter

World TradeCenter

Statueof LibertyStatueof Liberty

GOVERNORSISLAND

Prospect ParkLake

East

Riv

er

BROOKLYN BRGM

ANHATTAN

BRG

WILLIAMSBURG BRG

QUEENS MIDTOWNTU NL

HOLLAND TUNL

BELT

BELT PKWY

BELTPKWY

BELTPKWY

BELT PKWY

FDR DR N

FDR

DR S

FDR

BELT

WhitneyMuseumWhitneyMuseum

WILLIAMSBURG

RED HOOK

RED HOOK

BOERUMHILL

LOWER EAST SIDE

GREENWOOD

GRAMERCY

FORT GREEN

WESTVILLAGE

EASTVILLAGE

SUNSET PARK

CARROLLGARDENS BROOKLYNBROOKLYN

MANHATTANMANHATTAN

278

278

478 278

278

1

24

3

1 Essex Crossing is a mixed use project of over 1,000 new residences, 350,000 square feet of office space, 100,000 square feet of green space and 300,000 square feet of retail spaces that will enhance the culture and unique flavor of New York City’s Lower East Side. This large complex is located just a few short blocks from the property.

2 215 Chrystie Street, Ian Schrager’s world-class hotel development, is a 160,000 square foot, 32-story, 370-room luxury hotel located five blocks north of the Property.

3 252 South Street, also known as One Manhattan Square has sold the most condos in 2019. The building rises 800 feet tall, with 815 magnificent condos with unique luxury amenities.

4 The Sione, located at 171 Suffolk Street is a 14 story building, featuring 88 luxury rental units with high end amenities.

Noteworthy Developments Nearby

tami StartuPS

6766

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10/4/2019 Digital Tax Map - New York City Department of Finance

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7170

Based on the interpretation of the zoning ordinance, the subject property is

an outright permitted use that could be rebuilt if unintentionally destroyed.

Thesubject’suseispermittedoutrightbythezoning;however,itdoesnot

conform to certain specific zoning requirements as detailed above. if the

subject were destroyed unintentionally, the site could be redeveloped with

thesameuse;however,theoveralldesignandsiteplacementwouldhaveto

be adjusted to conform to current zoning requirements

ZONING ANALYSIS

Zoning overview

ZonInG summarYMunicipality Governing Zoning City of New york Planning & Zoning Department

Current Zoning Commercial(C6-1G)

Permitted Uses Officeorcommercialusesservingneighborhoodorcommunity needs

Current Use Officewithretailatgrade

Is Current Use Legally Permitted? yes

Zoning Change Not Likely

ZonInG requIremenTsConforming Use The existing improvements represent a conforming use

within this zone that is non compliant with regards to setback requirements.

Minimum Site Area (SF) N/A

Minimum Yard SetbacksFront(Feet)Rear(Feet)Side(Feet)

N/A30N/A

Maximum Building Height 75 Feet

Maximum Floor Area Ratio (FAR) 6.0 times the lot area

Maximum Building Area 45,000 SF

Parking RequirementSpaces requiredSpaces Provided

00

Zoning overview

7372

FLOOR PLANS

7574

7776

METAMECHANICS 11/05/1955 CHRYSTIE ST.

TAX MAPSCALE: N.T.S.

1

CELLAR

TOTAL CELLAR 7,528 SQ. FT.

1ST FLOOR

TOTAL 1ST FLOOR 7,545 SQ. FT.

2ND FLOOR

TOTAL 2ND FLOOR 7,550 SQ. FT.

3RD FLOOR

TOTAL 3RD FLOOR 7,550 SQ. FT.

4TH FLOOR

TOTAL 4TH FLOOR 7,550 SQ. FT.

5TH FLOOR

TOTAL 5TH FLOOR 7,550 SQ. FT.

6TH FLOOR

TOTAL 6TH FLOOR 1,092 SQ. FT.

TOTAL GROSS SQ. FT.(EXCLUDING VAULT)

46,365 SQ. FT.

EX STORE#106

EX.TOILET

EX.TOILET

EX.TOILET

EX.TOILET

EX.MECH.

EX STORE#105

EX STORE#104

EX STORE#103

EX STORE#101

EX.STORAGE

EXIT PASSAGEWAY

100'

75'

METAMECHANICS 11/05/1955 CHRYSTIE ST.

1ST FLOOR PLANSCALE: 3/32" = 1'-0"

1

1ST FLOOR7,545 SQ. FT.

#107

#106

#102EX STORE

EX STORE

EX. WATER METER ROOM

EX.TOILET

EX.STORAGE

EX.TOILETEX.

STORAGEEX.

STORAGEEX.

STORAGE

100'

75'

HATCHED AREANOT INCLUDED

METAMECHANICS 11/05/1955 CHRYSTIE ST.

CELLAR PLANSCALE: 3/32" = 1'-0"

1

CELLAR7,528 SQ. FT.

#102

#102

#105

#101

#103

#104

OFFICE#207

OFFICE#206

#204

OFFICE#203

OFFICE

#202

OFFICE#201

OFFICE#200

OFFICE#210

OFFICE#209

OFFICE#208

A/CMECH. RM EX. TOILET

EX.TOILET

STORAGE

STORAGE

EX. TOILET

EX. TOILET

100'

75'

METAMECHANICS 11/05/1955 CHRYSTIE ST.

2ND FLOOR PLANSCALE: 3/32" = 1'-0"

1

2ND FLOOR7,550 SQ. FT.

#205OFFICE OFFICE

7978

MECH. RM

OFFICE#301

OFFICE

OFFICE#307

OFFICE#310 OFFICE

#309

OFFICE#308

OFFICE#303OFFICE

#302

EX. TOILET EX.TOILET

100'

75'

METAMECHANICS 11/05/1955 CHRYSTIE ST.

3RD FLOOR PLANSCALE: 3/32" = 1'-0"

1

3RD FLOOR7,550 SQ. FT.

OFFICE#502

OFFICE#501

OFFICE#504

EX.TOILET

EX.TOILET OFFICE

#503

OFFICE#500

TERRACE

EX. TOILET

EX.STORAGE

EX. MECH.RM.

100'

75'

METAMECHANICS 11/05/1955 CHRYSTIE ST.

5TH FLOOR PLANSCALE: 3/32" = 1'-0"

1

5TH FLOOR7,550 SQ. FT.

EX.TOILET

CL.

CL.

OFFICE

OFFICEOFFICE

#402

OFFICE#408

OFFICE#409

OFFICE

OFFICE#407

OFFICE

OFFICE#401

EX.TOILET

EX.TOILET

EX.MECH

RM

EX.TOILET

EX.TOILET

EX.TOILET

100'

75'

METAMECHANICS 11/05/1955 CHRYSTIE ST.

4TH FLOOR PLANSCALE: 3/32" = 1'-0"

1

4TH FLOOR7,550 SQ. FT.

#403OFFICE

#410

TERRACEBELOW

ROOF

OPENTO

BELOW

EX. ELEVMECH RM

PENTHOUSE

503

100'

75'

METAMECHANICS 11/05/1955 CHRYSTIE ST.

6TH FLOOR PLANSCALE: 3/32" = 1'-0"

1

6TH FLOOR1,092 SQ. FT.

80

Greg CorbinPresident, Bankruptcy and RestructuringDirect:212.359.9904Cell:917.406.0406greg@rosewoodrg.com

aaron Kline DirectorDirect:212.359.9930Cell:914.482.4635aaron.kline@rosewoodrg.com

brandon serota Associate Direct:212.359.9928Cell:516.233.5293brandon@rosewoodrg.com

Chaya milworn AssociateDirect:212.359.9936Cell:917.804.7458chaya@rosewoodrg.com

elliot Haft AssociateDirect:212.359.9925Cell:516.509.1943elliot@rosewoodrg.com

FoR MoRe INFoRMATIoN oR To SeT UP A VIewING, PLeASe CoNTACT THe CoRBIN GRoUP AT RoSewooD ReALTY:

Disclaimer: Thisisaconfidentialbrochure(the“Brochure”)intendedsolelyforyourlimiteduseandbenefitindeterminingwhetheryoudesiretoexpressanyfurtherinterestintheproposedsaleof55-59ChrystieStreet,NewYork,NewYork(the“Property”).Theinformationcontainedherein,includinganyproformaincomeandexpenseinformation(collectively,the“Information”)isbaseduponassumptionandprojectionsandhasbeencompiled or modeled from sources we consider reliable and is based on the best available information at the time the brochure was issued. however, the information is subject to change and is not guaranteed as to completeness or accuracy. while we have no reason to believe that the information setforthinthisbrochure,underwriting,cashflows,valuationandotherfinancial information(oranyInformationthatissubsequentlyprovidedormadeavailabletoyou)containsanymaterialinaccuracies,norepresentationsorwarranties,expressorimplied,aremadewithrespecttotheaccuracyor completeness of the information. independent estimates of pro forma income and expenses should be developed before any decision is made on whether to invest in the property. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only outline some of the provisions contained therein and are qualified in their entirety by the actual document to which they relate. you understand that the information is confidential and is furnished solely for the purpose of your review in connection with a potential investment in the property. you further understand that the information is not to be used for any other purpose or made available to any other person without the express written consent of rosewood realty Group. This offering is subject to prior placement and withdrawal, cancellation or modification without notice.