Get ConneCted Hersch • 212.812.6020 • [email protected] Kyle Crennan • 516.236.2492 • [email protected] foresthillstower.com LOCATION LAGUARDIA 11 MINS. JFK 11

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• Outstanding mass transit & highway access; E & F subways at front door

• Garage parking for 580 cars

• Spectacular panoramic views

• Building-within-a-building control; dedicated entrance, lobby, elevators and systems

• Headquarters opportunity; building name and branding available

• Efficient center-core floors

• Major capital improvements planned

• Significant as-of-right economic incentives

• Strong, stable on-site owner / manager

Tap into the region’s most accessible, centrally located, Class A opportunity.

40,000-250,000 RSF AVAILABLE • FuLL FLooRS FRom 21,000 RSF

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VIEWS

Peter Riguardi • 212.812.5719 • [email protected]

Kenneth Siegel • 212.812.5804 • [email protected]

William Korchak • 212.812.5818 • [email protected]

Ray Ruiz • 516.521.8783 • [email protected]

Howard Hersch • 212.812.6020 • [email protected]

Kyle Crennan • 516.236.2492 • [email protected]

foresthillstower.com

LOCATION

LAGUARDIA

11 MINS.

JFK

11 MINS.

MIDTOWN MANHATTAN

17 MINS.

WHITE PLAINS

35 MINS.

GARDEN CITY

20 MINS.

STAMFORD

40 MINS.

DOWNTOWN BROOKYLN

20 MINS.

BROOKLYN

QUEENS NASSAU

MAN

HATT

AN

BROOKLYN

QUEENS

MAN

HATT

AN THE BRONX

E F

EF

E FLONG ISLAND EXPY

CROSS ISLAND PKWY

VAN WYCK EXPY

JACKIE ROBINSON PKWY

GRAND CENTRAL PKWY

GRAND CENTRAL PKWY

495 495678

ASTORIA

BAYSIDE

FLUSHING

JACKSONHEIGHTS

CORONA

FORESTHILLS

KEWGARDENS

JAMAICAREGO PARK

GLENDALE

STEINWAY

WOODSIDE

MASPETH

COLLEGEPOINT

RICHMONDHILL

WHITESTONE

ELMHURST

WOODHAVEN

HOLLIS

BELLROSE

ST. ALBANS

OZONE PARK

RIDGEWOOD

LONGISLAND

CITY

CLEARVIEW EXPY

QUEENS BLVD

Terrace on the Park

Rego ParkPlaza

Arthur AsheStadium

Aqueduct Racetrack

BelmontPark

Citifield

WhitestoneBridge

Throgs Neck Bridge

LaGuardiaAirport

Queensboro Bridge

Queens Midtown Tunnel

John F. Kennedy International Airport

JFK AirTrain

Borough Hall/CourthouseLIRR

LIRRLIRR

Triboro Bridge

QueensCollege

St. John'sUniversity

York College

FlushingMeadows

Corona Park

UNION TURNPIKE

JACKIE ROBINSON PKWY

UNION TURNPIKE

LIRR

LIRR

QUEENS BLVD

QUEENS BLVD

GRAND CENTRAL PKWY

GRAND CENTRAL PKWY

678

678

25

25

25

AUSTIN STREET

AUSTIN STREET

VAN WYCK EXPW

Y

Forest Hills

Kew Gardens60

60

46

3710

QM11

QM18

QM18

X63X64

QM21

X68

QM1 QM5QM6 QM7QM8

QM1 QM5QM6

QM7QM8

QM21X63 X64

X68

E F

E F

E F

M R

Kew GardensUnion Turnpike / Queens Boulevard

Forest Hills / 71st Ave

75th Ave

FLOOR PLANS

50021,234 Mkt RSF

STAIR "B"

STAIR "A"1

2

4

3

ELEC.ROOM TEL.

ROOM

ELEC.ROOM

TEL.ROOM

WOMEN

MEN

MECHANICAL ROOM

118-35 Queens BlvdForest Hills, NY 11375

5th Floor

MUSSDEVELOPMENT LLCBUILDING NEW YORK CITY SINCE 1906

NORTH

All areas and dimensions are approximate. Field verification is necessary. 10/6/2010Date Printed:

SYSTEMS

212 East 47th StSuite 6DNew York, NY 10017Ph 877 221-0229Fx 646 964-6624

2011

Expiration Legend:

2010 20122013

20142015 and Up

Vacant

80021,808 Mkt RSF

STAIR "B"

STAIR "A"

1

2

4

3

MECHANICAL ROOM

ELEC.ROOM

TEL.ROOM

WOMEN

MEN

ELEC.ROOM TEL.

ROOM


8th Floor


NORTH


SYSTEMS


2011

Expiration Legend:

2010 20122013

20142015 and Up

Vacant

TyPICAL FLOORS 2-5CORE & ShELL PLAN | 21,107 RSF


N

ELEVATORMACHINE ROOM

STAIR "B"

STAIR "A"

5

6

8

7

ELEC.ROOM

TEL.ROOM

WOMEN

MEN

MECHANICAL ROOM


9th Floor


NORTH


SYSTEMS


2011

Expiration Legend:

2010 20122013

20142015 and Up

Vacant

110022,395 Mkt RSF

STAIR "A"

STAIR "B"5

6

8

7

ELEC.ROOM TEL.

ROOM

WOMEN

MEN

MECHANICAL ROOM


11th Floor


NORTH


SYSTEMS


2011

Expiration Legend:

2010 20122013

20142015 and Up

Vacant

FLOOR 9CORE & ShELL PLAN | 21,659 RSF


N

FLOOR PLANS

ExECuTIVE OFFICE LAyOuT

MECHANICAL ROOM

82 SEATS• 65 Workstations

• 17 Offices

N

PERImETER OFFICE LAyOuT

MECHANICAL ROOM

N


• 42 Offices

MECHANICAL ROOM

N


• 12 Offices

OPEN OFFICE LAyOuT

N

AVAILABLE SPACE

LOBBy PLAN

CAPITAL ImPROVEmENTS

Ownership’s commitment to a significant capital improvement program will be

implemented at Forest Hills Tower to provide Class A systems and services to

tenants and to reinforce the building’s preeminent position in the market. Planned

improvements include:

Operating Systems• New energy efficient HVAC system

• New building management (BMS) system

• New sprinkler system

• Upgraded Class E fire alarm system

• New building security system

• Recently updated elevator mechanicals

Aesthetic upgrades• New elevator cab interiors

• New concierge desk

• Renovated and updated Queens Boulevard entry pavilion

• Elegantly renovated Queens Boulevard lobby

• Enhanced 78th Crescent entranceway and lobby

• Upgraded exterior plaza and patio areas

• New interior and exterior landscaping

• New exterior building signage

• New exterior and interior way finding signage








Proposed Queens Boulevard Entrance Upgrade

Proposed 78th Crescent Entrance and Plaza Upgrades

Prospective Multi-tenant Lobby

Prospective Single Tenant Lobby

STACKING PLAN

Available Parking (592 Spaces)

SquareFootage Floor

17

16

15

14

12

11

10

9

8

7

6

5

4

3

2

26,027 RSF 1

Queens Blvd. Entrance 78th Crescent Entrance

22,395 RSF

22,395 RSF

21,659 RSF

21,808 RSF

21,808 RSF

21,808 RSF

21,107 RSF

21,107 RSF

21,107 RSF

21,107 RSF

40,000-250,000 CONTIGuOuS RSF AVAILABLE• Building-within-a-building potential (floors 1-8)

• Building name and branding available

• Efficient center-core floors

• Garage parking for 580 cars

• Spectacular panoramic views

SPECIFICATIONS

Address:118-35 Queens Boulevard

Forest Hills, NY 11375

Stories:17

Total Office Area: 375,000 RSF

Expansion Opportunities:Additional FAR available (10,000 s.f.)

Building Entrance:Two separate entrances and lobbies

One can be dedicated to a major tenant

Access:24/7 access

Passenger Elevators:4 dedicated low-rise elevators (Floors 1-8), one of which

also serves the parking levels

4 dedicated high-rise elevators (Floors 9-17)

1 dedicated elevator serving lobby and parking levels

hVAC hours of Operation:Monday through Friday 8:00 AM – 6:00 PM

Extended hours available

Electric Capacity:Six (6) watts per usable square foot, submetered

Additional power available

Generator:Building generator can be made available for tenant use

Locations for additional tenant generators can be provided

Telecommunications:Fiber optic, broadband and cable services provided by

Verizon, Time Warner and RCN

Amenities:On-site garage with 580 public and reserved spaces

Dedicated 10,000 SF terrace (tenant-controlled)

Outdoor plaza and seating areas

Lobby newsstand

Additional ground floor retail and reception space available

Transportation:Subways: E and F trains at building entrance

Buses: QM1, QM5, QM6, QM7, QM8, QM18, QM21,

X63, X64 and X68 buses at building entrance; Short walk

to QM11

Rails: Jamaica Station LIRR and AirTrain to JFK are two

E train stops directly from the building; Short walk to Kew

Gardens LIRR station

Highways: Immediate highway access to Van Wyck

Expressway, Long Island Expressway, Grand Central

Parkway, Jackie Robinson Parkway, Brooklyn Queens

Expressway, Whitestone Expressway and Union Turnpike

Travel Times:JFK Airport: 11 Mins.

LGA Airport: 11 Mins.

Midtown Manhattan: 17 Mins.

Downtown Brooklyn: 20 Mins.

Garden City: 20 Mins.

White Plains: 35 Mins.

Stamford: 40 Mins.

ECONOmIC INCENTIVES

ECONOmIC INCENTIVESGenerous as-of-right municipal incentives savings are available to companies that locate in Queens. These incentives can be

worth more than $15.00 per square foot annually, in most cases for the duration of a company’s lease. As-of-right incentives

programs include REAP, real estate tax programs (ICAP, CEP), energy incentives (ECSP) and CRT exemption.

Additional discretionary incentives that may be available under certain circumstances could include cash grants, exemption

from sales tax on project related purchases, additional energy savings from Con Edison, reduced payments in lieu of real

estate taxes and low interest financing.

NOTES:(1) REAP benefit assumes a density of 1 employee per 200 RSF, which equates to $15.00 per rsf at $3,000 annual tax credit per employee.(2) Net effective 10-year rent after incentives accounts for the rent, operating expense escalations, real estate tax escalations, and occupancy tax (applicable only for Midtown & Downtown) over the 10-year term, net of concessions.

Location Forest Hills Tower Midtown Downtown Long IslandRent and Concessions

Base Rent (Yrs 1-5) $35.00 $60.00 $40.00 $30.00

Free Rent after Construction 6 months 3 months 6 months 4 monthsWork Letter $40.00 $50.00 $45.00 $30.00

Illustrative Financial Impact

Average Annual Escalated Rent per RSF $33.38 $62.03 $40.32 $30.13

Average Annual Incentives Benefit per RSF ($18.50) $0.00 ($2.30) $0.00

Net Effective 10-year Rent after Incentives $14.89 $62.03 $38.02 $30.13 As-of Right Incentive Programs

Jobs

REAPReal Estate Taxes

ICAPCEPCRP

Energy SavingsECSPLMEP

OtherSales Tax Rebate

CRT ExemptionNOTES: (1) REAP benefit assumes a density of 1 employee per 200 rsf, which equates to $15.00 per rsf at $3,000 annual credit per employee. (2) Sales Tax Exemption benefit in Lower Manhattan is not included due to potential variation in qualifying expenditures. (3) Average Annual Escalated Rent accounts for the rent, operating expense escalations, real estate tax escalations, and occupancy tax (applicable only for Midtown & Downtown) over the 10-year term, net of concessions.

(5 years)

NET EFFECTIVE 10-YEAR RENT AFTER MUNICIPAL INCENTIVES

Base Rent (Yrs 6-10) $38.00 $65.00 $45.00 $33.00

NET EFFECTIVE 10-yEAR RENT AFTER muNICIPAL INCENTIVES

NyC RELOCATION ANd EmPLOymENT ASSISTANCE PROGRAm (REAP)A 12-year tax credit (refundable in the first 5 years) of $3,000 per job

per year for each job relocated to Queens. [1]

ExEmPTION FROm NyC COmmERCIAL REAL ESTATE OCCuPANCy TAx (CRT)Companies locating in Queens are exempt from this tax paid by

Manhattan based companies, totaling approximately 3.9% of all

rent payments.

REAL ESTATE TAx SAVINGSNYC Commercial Expansion Program (CEP) – Provides a 5-year

credit for a portion of the real estate taxes levied on the property. This

benefit is passed through directly to the tenant company, dollar-for-

dollar, for any new, renewal or expansion leases. [2]

NYC Industrial and Commercial Abatement Program (ICAP) –

Provides partial real estate tax exemptions on the increased value of

property improved by at least 30% of its assessed value for up to 25

years. The benefit is available to property owners and tenants making

investments such as a new interior build-out.

Low Cost Electricity – The City’s Energy Cost Savings Program

(ECSP) provides a discount of as much as 45% on the distribution

portion of electric costs. [3]

AddITIONAL dISCRETIONARy INCENTIVES mAy INCLudE:

Cash Grants – Can be provided as incentive to attract or retain

a company.

Sales Tax Exemptions – Exemption from combined 8.875% NYS/

NYC/MTA sales tax on construction materials, furniture, fixtures and

equipment purchases for the life of the lease.

Additional Energy Savings – from Con Edison’s Business Incentive

Rate (BIR) Program. [4]

Payment in Lieu of Real Estate Taxes (PILOT) – As part of a broader

tenant retention or attraction package, New York City can negotiate

a reduced and/or fixed payment schedule in lieu of real estate

tax liability.

Low-Interest Financing – May be offered in certain circumstances.

[1] REAP is available for any company relocating employees from outside New York City or from Manhattan south of 96th Street (REAP is discretionary for companies relocating from lower Manhattan).[2] This credit is equal to $2.50 per rsf for years 1-3, $1.67 in year 4 and $.88 in year 5.[3] ECSP is up to 12 years.[4] The Con Ed BIR is for up to 15 years. The BIR is available only for tenants receiving more comprehensive discretionary incentives from NYC.








118-35 Queens BoulevardForest Hills, NY 11375

Concept: S

un & M

oon MarketingAll information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

Documents

Get ConneCted Hersch • 212.812.6020 • [email protected] Kyle Crennan • 516.236.2492 • [email protected] foresthillstower.com LOCATION LAGUARDIA 11 MINS. JFK 11