30-UNIT MULTIFAMILY RESIDENTIAL LUXURY RENTAL BUILDING

5005 Palisade Ave., West New York, New Jersey

BLOCK, LOT 104, 25

LOT DIMENSIONS 150 X 140

LOT SQ/ FT 18,521 Sq. Ft

BUILDING SQ/FT 40,000 (approx.)

NUMBER OF 30RESIDENTIAL UNITS

STORIES 4 (3 Over Parking)

PARKING 42 Spaces (2 Handicap)

YEAR BUILT 2010

REAL ESTATE TAXES $144,222

VUE Realty Group, LLC, has been retained on an exclusive basis for the sale of 5005 Palisade Avenue in West New York,New Jersey.

5005 Palisade Avenue (built in 2010) is a 30-unit, luxury rental building boasting exceptionally large units, storage on each floor, stainless steel appliances, granite counter tops, covered parking, and 10-foot ceilings. The unit mix consists of (9) three-bedroom/two bath, (18) two-bedroom/two bath, and (3) one-bedroom/one bath units, averaging 1,152.5 square feet, dwarfing its West New York competitors. Building amenities include an elevator, a large common area lobby, 42 parking spaces, central A/C, gas heat, gas stoves & tankless water heaters, washer/dryer in each unit, and wheelchair access. 5005 Palisade Avenue is conveniently located .2 miles (5 minutes walking) east of the Bergenline Avenue Light Rail Station, which brings commuters to Hoboken (14 minutes) and/or to Jersey City (24 minutes). Alternatively, residents of 5005 Palisade Ave can enjoy an easy 25-minute commute to Port Authority in Manhattan via the 156 bus line located minutes walking on 48th and Palisade Ave. The subject property is a rare opportunity to invest in one of New Jersey’s Gold Coast’s most promising neighborhoods, providing investors a strong immediate turnkey return (5%+ CAP) and tremendous upside potential for the investor who comes in and takes advantage of the neighborhoods increasing rents and the building’s oversized units. Simple renovations to the units will ensure an easy 15%-20% increase in rents providing investors a fantastic opportunity to win big.

ASKING PRICE $10,750,000

VUE Realty Group, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

5005 PALISADE AVE.

VUE Realty Group, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

APT # FLOOR ADDRESS BEDS BATHS NET PRICE MONTHLY RENT PARKING # OF SQ/FT SQ/FT SPACES

Total 66 57 34575 1.85 (avg) 31

ASKING PRICE $10,750,000CURRENT

RENT ROLL

1 2 201 2 2 1150 1.91 $2,200 $150 12 2 202 3 2 1250 2.04 $2,550 $150 13 2 203 2 2 1150 2 $2,300 $0 04 2 204 1 1 875 2.03 $1,750 $150 15 2 205 2 2 1150 1.74 $2,000 $125 16 2 206 2 2 1150 1.7 $1,950 $100 17 2 207 2 2 1150 1.7 $1,950 $100 18 2 208 2 2 1150 1.7 $1,950 $250 29 2 209 3 2 1250 1.84 $2,300 $0 010 2 210 3 2 1250 1.92 $2,400 $0 0

11 3 301 2 2 1150 2 $2,300 $150 112 3 302 3 2 1250 2 $2,500 $250 213 3 303 2 2 1150 1.74 $2,000 $125 114 3 304 1 1 875 2.11 $1,850 $150 115 3 305 2 2 1150 1.91 $2,200 $0 016 3 306 2 2 1150 1.74 $2,000 $100 117 3 307 2 2 1150 1.74 $2,000 $100 118 3 308 2 2 1150 1.7 $1,950 $100 119 3 309 3 2 1250 1.78 $2,225 $250 2 20 3 310 3 2 1250 1.72 $2,150 $300 2

Parking #3 Non Resident $150 1Parking #21 Non Resident $150 1Parking #7 Non Resident $150 1Parking #39 Non Resident $150 1Parking #10 Non Resident $150 1

Monthly Total $63,625 $4,100 Annual Total $763,500 $49,200

21 4 401 2 2 1150 1.93 $2,225 $125 122 4 402 3 2 1250 1.84 $2,300 $0 023 4 403 2 2 1150 1.83 $2,100 $150 124 4 404 1 1 875 2 $1,750 $0 025 4 405 2 2 1150 1.8 $2,075 $125 126 4 406 2 2 1150 1.7 $1,950 $100 127 4 407 2 2 1150 1.78 $2,050 $0 028 4 408 2 2 1150 1.83 $2,100 $0 029 4 409 3 2 1250 1.72 $2,150 $150 130 4 410 3 2 1250 1.92 $2,400 $150 1

ASKING PRICE $10,750,000

VUE Realty Group, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Financial Summary

Annual Income Gross Rental Income $763,500Gross Parking Income $49,200Vacancy $22,905Effective Gross Income $789,795

Expense Property Taxes $144,222Insurance $12,000Gas & Electric $14,000Sprinkler $3,600Management Fees $23,694Building Cleaning/Maintenance $23,694Building Super, Repairs, & Supplies $23,694Telephone Expense $1,200

Total Expense: $246,104

Net Income $543,691

VUE Realty Group, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

APT # FLOOR ADDRESS BEDS BATHS NET PRICE MONTHLY RENT PARKING # OF SQ/FT SQ/FT SPACES

Total 66 57 34575 2.08 (avg) 40

ASKING PRICE $10,750,000PRO FORMARENT ROLL

1 2 201 2 2 1150 2.04 $2,350 $150 12 2 202 3 2 1250 2.16 $2,700 $150 13 2 203 2 2 1150 2.04 $2,350 $0 04 2 204 1 1 875 2.11 $1,850 $150 15 2 205 2 2 1150 2.04 $2,350 $150 16 2 206 2 2 1150 2.04 $2,350 $150 17 2 207 2 2 1150 2.04 $2,350 $150 18 2 208 2 2 1150 2.04 $2,350 $300 29 2 209 3 2 1250 2.16 $2,700 $0 010 2 210 3 2 1250 2.16 $2,700 $0 0

11 3 301 2 2 1150 2.04 $2,350 $150 112 3 302 3 2 1250 2.16 $2,700 $300 213 3 303 2 2 1150 2.04 $2,350 $150 114 3 304 1 1 875 2.11 $1,850 $150 115 3 305 2 2 1150 2.04 $2,350 $0 016 3 306 2 2 1150 2.04 $2,350 $150 117 3 307 2 2 1150 2.04 $2,350 $150 118 3 308 2 2 1150 2.04 $2,350 $150 119 3 309 3 2 1250 2.16 $2,700 $300 220 3 310 3 2 1250 2.16 $2,700 $300 2

Parking Non Resident $150 1Parking Non Resident $150 1Parking Non Resident $150 1Parking Non Resident $150 1Parking Non Resident $150 1Parking Non Resident $1,350 9

21 4 401 2 2 1150 2.04 $2,350 $150 122 4 402 3 2 1250 2.16 $2,700 $0 023 4 403 2 2 1150 2.04 $2,350 $150 124 4 404 1 1 875 2.11 $1,850 $0 025 4 405 2 2 1150 2.04 $2,350 $150 126 4 406 2 2 1150 2.04 $2,350 $150 127 4 407 2 2 1150 2.04 $2,350 $0 028 4 408 2 2 1150 2.04 $2,350 $0 029 4 409 3 2 1250 2.16 $2,700 $150 130 4 410 3 2 1250 2.16 $2,700 $150 1

Monthly Total $72,150 $6,000 Annual Total $865,800 $72,000

VUE Realty Group, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

UNIT TYPE TOTAL AVERAGE CURRENT MONTHLY MARKET MARKET MONTHLY PERCENT UPSIDE RENT RENT RENT RENT

PARKING TOTAL MONTHLY MONTHLY MARKET MARKET PERCENT USED AVG RATE RATE RATE MONTHLY RENT UPSIDE

Total 30 $63,650 $72,150 13.35% (avg)

1 Bedroom 3 $1,783.33 $5,350 $1,850 $5,550 3.74%2 Bedroom 18 $2,072.22 $37,300 $2,350 $42,300 13.40%3 Bedroom 9 $2,333.33 $21,000 $2,700 $24,300 15.71%

Current 40 31 $4,100 $132.26 $150 $4,650 13.40%Pro Forma 40 40 $6,000 $150 $150 $6,000 46.34%

AVERAGERENT

MARKETRENT

1 Bedroom

Current

$3,000

$6,000

$1,500

$1,783.33

$2,072.22

$2,333.33

$1,850

$2,350

$2,700

$3,000

$4,100

$6,000

$0

$0

2 Bedroom

Pro Forma

3 Bedroom

VUE Realty Group, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

INCOME & EXPENSES

EXPENSE %EGI PER UNIT %EGI PER UNIT

NET INCOME $543,691 $654,739

INCOME & EXPENSES ACTUAL PRO FORM

Building Size (Square Feet) 40,000 (approx.) Number of Units 30

Rental $763,500 $865,800 Additional Income (Parking) $49,200 $72,000

Vacancy 3% -$22,905 $(25,974)

Effective Gross Income $789,795 $911,826

PropertyTaxes $144,222 18% $4,807 $144,222 16% $4,807 Insurance $12,000 2% $400 $12,000 0% $400 Electric & Gas $14,000 2% $476 $14,000 0% $476 Management Fees $23,694 3% $787 $27,355 3% $912 Building Cleaning & Maintenance $23,694 3% $787 $27,355 3% $912 Building Super, Repairs & Supplies $23,694 3% $787 $27,355 3% $912 Telephone Expense $1,200 1% $40 $1,200 1% $40 Sprinkler $3,600 1% $120 $3,600 1% $120 Total Expense $246,104 31% $8,204 $257,087 28% $8,600

TOTALEXPENSES

EFFECTIVE GROSS INCOME

31%

69%

28%

72%

INCOME/EXPENSE COMPARISON PRO FORMA INCOME/EXPENSE COMPARISON

VALUATION ACTUAL PRO FORMA

Net Operating Income $543,691 $654,739

Price $11,446,126 $10,873,820 $10,356,019 $9,885,291 Price Per Unit $381,538 $362,461 $345,201 $329,510 CAP Rate 4.75 5 5.25 5.5GRM 14.49 13.77 13.11 12.52

Price $11,446,126 $10,873,820 $10,356,019 $9,885,291 Price Per Unit $381,538 $362,461 $345,201 $329,510 CAP Rate 5.7 6 6.3 6.6GRM 12.55 11.93 11.36 10.84

CURRENT VALUATION

PRO FORMA VALUATION

PRICECAP RATECURRENT

CAP RATEPR FORMA

ASKING PRICE $10,750,000

VUE Realty Group, LLC. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

$12,000,000

$6,000,000

8%

$0 0%

5005 PALISADE AVE

LIGHT RAIL STATION

BUS #156 STOP

601 Observer Highway, #C1Hoboken, New Jersey 07030T | 201-683-8700 E | info@vuerealtygroup.com

vuerealtygroup.com

5005 PALISADE AVE5005 Palisade AveWest New York, New Jersey 07093

*Information herein deemed reliable but subject to change

JIM POMPA PrincipalC | 917-560-3902 E | jim@vuerealtygroup.com