1465 PARK AVE New York NY 10029

Institutional Affordable Housing Asset With 400 Residential Units, Commercial & Parking in Manhattan

• Centralized Scale: 17 story elevator tower grossing 505,503 square feet
• Diverse Unit Mix: 400 residential units (239 low income units), 3,842 NSF of commercial space, 8,691 NSF of community facility space and 57 parking spots

• Long Term Tax Benefit: 40 year Article XI tax exemption from 2016

• Transportation Hub: Rider’s Paradise Score of 100 with close proximity to the 6 and 2,3 subway lines

• New Construction High Quality Asset: Completed in June 2020 with modern systems and amenities including a fitness center, roof terraces, landscaped courtyards and on-site laundry facilities

• Assumable Long-Term Debt: $123M total unpaid principal balance maturing in 2062 $45.6M senior loan at 5.20% $31.4M subordinate loan at 2.65% $46.2M subordinate loan at 2.65%

• Block-Through Prominent Corner Location: Spans the entirety of the city block between East 107th Street and East 108th Street with additional frontage along Lexington Avenue