BROOKLYNHEIGHTS12 Clark Street

OWNED BY SAME FAMILY SINCE 1952

This Memorandum has been prepared by Agent for use by a limited number of

parties, and does not purport to provide a necessarily accurate summary of the

Property or any of the documents related thereto, nor does it purport to be all-

inclusive or to contain all of the information which prospective investors may need

or desire. All projections have been development by Seller and Agent, and

designated sources, and are based upon assumptions relating to the general

economy, competition and other factors beyond the control of Seller, and

therefore are subject to variation. No representation is made by Seller or Agent as

to the accuracy or completeness of the information contained herein, and nothing

contained herein is, or shall be relied on as, a promise or representation as to the

future performance of the Property. Although the information contained herein is

believed to be correct, Seller, Seller’s agents, attorneys, representatives, and its

employees, disclaim any responsibility for inaccuracies, and expect prospective

purchasers to exercise independent due diligence in verifying all such information.

Further, Agent, Seller and their respective employees, disclaim any and all liability

for representations and warranties, expressed and implied, contained in, or for

omission from, this Memorandum, or any other written or oral communication

transmitted or made available to the recipient. The Memorandum does not

constitute a representation that the business or affairs of the Property or Seller since

the of preparation (12/18) of this Memorandum have remained the same. Analysis

and verification of the information contained in the Memorandum are solely the

responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the Property will be made

available upon the written request of interested and qualified prospective

purchasers.

Seller and Agent each expressly reserve the right, at their sole discretion, to reject

any or all expressions of interest or offers regarding the Property, and/or terminate

discussions with any party at any time with or without notice. Seller reserves the right

to change the timing and procedures for the Offering process at any time in Seller’s

sole discretion. Seller shall have no legal commitment or obligations to any party

reviewing this Memorandum, or making an offer to purchase the Property, unless

and until such offer is approved by Seller, a written agreement for the purchase of

the Property has been fully executed and delivered by Seller and the Purchaser

thereunder.

This Memorandum and the contents, except such information which is a matter of

public record or is provided in sources available to the public, are of confidential

nature. By accepting this Memorandum, you agree that you will hold and treat it in

the strictest confidence, that you will not photocopy or duplicate it, that you will

not disclose this Memorandum or any of the contents to any other entity (except to

outside advisors retained by you, if necessary, for your determination of whether or

not to make a proposal and from whom you have obtained an agreement of

confidentiality) without the prior written authorization of Seller or Agent, and that

you will not use this Memorandum or any of the contents in any fashion or manner

detrimental to the interest of Seller or Agent.

DISCLAIMER

FOR MORE

INFORMATION

S. David Behin, Esq.Executive Managing Director

212.372.2075david.behin@ngkf.com

OFFERING

PROCESS

EXCLUSIVE REPRESENTATIONNewmark Knight Frank has beenexclusively retained to represent theSeller in the sale of 12 Clark Street(“Property”). All inquiries about theOffering for the Property should bedirected to the Newmark Knight FrankMarketing Team.

PROPERTY TOURSProspective purchasers will have theopportunity to visit the Property onscheduled tour dates and must beaccompanied by a representative ofNewmark Knight Frank. Prospectivepurchasers should not contact the sitestaff directly.

OFFER SUBMISSIONOffers should be presented in the formof a non-binding Letter of Intent,specifying the terms and conditions ofthe offer including, but not limited to:

1. Price2. Inspection Period3. Earnest Money Deposit4. Closing5. Buyer Qualifications

FOR FINANCING

Ari SchwartzbardSenior Managing Director

212.915.1949aschwartzbard@ngkf.com

EXECUTIVE

SUMMARY

3

Newmark Knight Frank has been retained on an exclusive basis to

arrange for the sale of 12 Clark Street in the Brooklyn Heights

neighborhood of Brooklyn. Owned by the same family since 1952,

the Property is a 6-story, 13-unit multifamily building at the corner of

Clark Street and Willow Street, located in one of the most affluent

and historic neighborhoods of Brooklyn. Neighbored by DUMBO and

Downtown Brooklyn, Brooklyn Heights is home to the Brooklyn

Historical Society, the St. George Hotel, which was once New York

City's largest hotel, and Brooklyn Bridge Park, which includes six piers

of outdoor activity and the Fulton Ferry Landing.

12 Clark Street is comprised of four 1-bedroom units, five 2-bedroom

units, three 3-bedroom units and one 4-bedroom unit. Currently, six of

the twelve units are free market, another six are rent stabilized and

one unit is rent controlled. The lot is approximately 3,917 square feet

and the building is approximately 17,184 square feet. With an FAR of

2.43, the Property is overbuilt.

Surrounded by breathtaking views of Lower Manhattan and quiet,

tree-lined, brownstone streets, 12 Clark Street is ideally situated right

in between the Promenade, a walkway about five blocks long

overlooking the New York Harbor, and the Clark Street Station, with

the 2 and 3 trains, making the commute among the shortest to

Manhattan. The Property is also located three blocks from the High

Street Station with the A and C trains and is within walking distance

to the Court Street Station with the N and R trains. Commuters to

Manhattan can also take advantage of the ferry at the nearby pier

as well as several buses that connect the neighborhood to other

parts of the borough.

NEIGHBORHOOD

TENANT DEMAND

DRIVER

SUPERIOR

VIEWS

FAVORABLE

DEMOGRAPHICS

EXCEPTIONAL

TRANSIT

OWNED BY THE

SAME FAMILY

SINCE 1952

TREMENDOUS

VALUE-ADD

OPPORTUNITY

PROPERTY

OVERVIEW

NEIGHBORHOOD:

CROSS STREETS:

BLOCK & LOT:

LOT DIMENSIONS:

LOT SF:

BUILDING DIMENSIONS:

BUILDING SF:

STORIES:

UNITS:

UNIT MIX:

ZONING:

FAR:

AIR RIGHTS:

Brooklyn Heights

Columbia heights &Willow street

234-43

100’ x 40’

3,917

77’ x 39’

17,184

6

13

(4) 1 BEDROOM(5) 2 BEDROOM(3) 3 BEDROOM(1) 4 BEDROOM

R6

2.43

overbuilt

12 Clark Street,

Brooklyn, NY 11201

5

6

21

LOCATION OVERVIEW

New York CityHEADQUARTERS125 Park AvenueNew York, NY 10017

Brooklyn55 Prospect StreetBrooklyn, NY 11201

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Middle East

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Latin America

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Asia-Pacific

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Hong Kong

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Indonesia

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Canada

United States

Europe

Austria

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Czech Republic

France

Germany

Ireland

Italy

Netherlands

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Portugal

Romania

Russia

Spain

Switzerland

United Kingdom

S. David Behin, Esq.Executive Managing Director 212.372.2075 david.behin@ngkf.com