Preview
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
DEFENDANTS'
EXHIBIT C
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWNHARRIS STEVENS
E s t a b 1i s h e d
18 7 3
MALI ETING 00ô0 SAI
PREPARED FOR:
219 IdrMDSTEAD TCENDIEE
WEST IdrMDSTEAD, NEW Y DE
11552
Presented By:
David B. Sargoy Zubin Hassid
Director- Commercial RE Division Director- Sales &
Investment, Leasing
516.203.8134 . 516-203-8188
BROWN HARRIS STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite 305, Roslyn Heights,New York 11577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialLIs.com
whatsoever
ismade
is mailegoits accuracy.Noguarantee
The foregoingis basedoninformationobtainedby DHSandbelievedto bereliablebut noguarantee
or Investorretiirns,whichwill dependonmarketconditions,projectexpenses,
asgothetiming,amountor certaintyof anysalesprojectionis salespricesand
othervariablesnot presentlyascertainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWNHARRIS STEVENS
E s t a b 1i s h e d
I 8 7 3
TABLE OF CONTENTS
I LETTER OF INTRODUCTION
21"t
II THE REAL ESTATE BROKER OF THE CENTURY
III THE ADVANTAGES OF THE EXCLUSlVE BROKER
IV MARKETING PLAN
V THE BUILDING AND VALUATION
VI BUILDING DISPOSITION
VII INVESTMENT SALES
VIII CONTINUING TO BUILD THE RELATIONSHIP
IX THE MARKETING TEAM
X SUMMARY
XI BROWN HARRIS STEVENS: Company Information
BROWN HARRIS STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com
The regoingis basedoninformationobtainedby IIIIS andbelievedto bereliablebugnoguarantee
is madegoits accuracy.Noguarantee
whatsoever
is made
asto thetinilngiamountor certaintyof anysalesprojectionsor investorreturns.whichwill dependonmarketconditions,projectexpenses,
rulerpricesand
othervariablesnot presentlyascertainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWNHARRIS STEVENS
E s t ablished 1873
I. LETTER OF INTRODUCTION
We are pleased to present this synopsis of Brown Harris Stevens Commercial
RealEstate Services Brown Harris has offices covering the Metropolitan New
York area that services our customers locally,regionally and nationally.
The Commercial Real Estate Division has specialized in marketing
commercial real estate for over 35 years. Over this period, our combined
team of sales representatives have become a key force for such major
corporations as AT & T, Cigna Corporation, Equitable Life Assurance Society
of America, Empire of America, Xerox Corporation, Red Robin Restaurants,
New York Hospital, Bally's Jack LaLanne, Sam's Club, Wal-Mart Stores,
Newsday, Mediserve Corporation, The City of New York and many other
companies of similar stature. From leasing and disposition, to real estate
acquisitions, financing and management, Brown Harris Stevens has
established itselfas a company capable of working effectively, quickly and
profitably for itscustomers.
The reasons for the success of our company are twofold. The firstreason is
the wide range of skills and services the marketing department brings to its
tasks. The second reason is the company's philosophy, which stresses
personalized service. Itis thissame philosophy that allows every single
project the firm undertakes to be handled directly by at least one senior broker
of the company. Itis thistime-tested way of doing business that has allowed
BHS to succeed for the developers and corporations that itrepresents.
The Brown Harris Stevens approach to real estate brokerage has been to
provide the highest quality of service to itscustomers and to give highly
personalized and responsive service. Itis best tailored for the company
and/or developers that demand the highest level of professional brokerage
skills yet desires the control and high comfort level that only a full-service type
of company can offer. Itis a philosophy which has allowed Brown Harris
Stevens to give itscustomers a level of control that is the next best thing to
having top quality, in-house real estate professionals.
BROWN HARRIS STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite 305, Roslyn Heights,New York I 1577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com
andbelievedtobereliablebutnog,1arantee
The foregoingIsbasedonInformationobtainedby D11S is madeto itsaccuracy.Nogitaranteewhatsoever
is made
asto thetiming.amountor certaintyof anysalesprojectionsor investorrettrrns.whichwill dependonmarketconditions,projectexpenses,
salespricesand
othervariablesnot presentlyascerlainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWN HARRIS STEVENS
E s t a b Iished I873
21"'
II. THE REAL ESTATE BROKER OF THE CENTURY
The real estate broker must recognize a variety of disciplines the client may
require in order to reach a finaljudgment; such as:
Pre-construction planning
O Interior space design
O Employee and materials flow
O Taxation impacts
O Financial concerns
O Environmental/Hazardous wastes
n Zoning interpretation
Real Estate contract law
The real estate broker must acquire a thorough knowledge of:
O Legislative trends
O impact of trafficpatterns
O Labor availability
O Energy and quality of lifeconcerns
The real estate broker must provide statistical reports to the client; such as:
O Comparative sales analysis
O Comparative lease analysis
O Market surveys
O Zoning comparisons
O Feasibility studies of safe/leaseback arrangements
O Energy projections of building systems
O Property Management
The real estate broker must recognize and address the concerns of all
parties involved in order to consummate a real estate transaction, aligning
with the appropriate experts.
BROWN HARR1S STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577
Tel 5I6,203.8100 Fax 516.203.8199 www.BIISCommercialils.com
Theforegoingis basedeninforrnationobtainedby BlIS andbelievedto bereliablebutnoguaranteeis madeto Itsaccuracy.Noguarantee
whatsoever
ismade
asto thetiming,amountor certaintyof anysalesprojectionsor investorreturns,whichwill dependonmarketconditions,projectexpenses,
salespricesand
othervariablesnot presentlyasccrgalpable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWNHARRIS STEVENS
E s t a b 1i s h e d
1 873
Ill. THE ADVANTAGES OF THE EXCLUSIVE BROKER
There are two methods for marketing real estate. One method is extremely
passive and requires no particular expertise. The other method is active and
requires a great deal of expertise, time and energy. Only with an exclusive
arrangement can a broker take fulladvantage of the company that they are
with. Instead of passively waiting for potential purchasers/tenants to walk
through the door, BHS can, as your exclusive broker, actively search out
purchasers/tenants for 219 Hempstead Turnpike, by using the following tools:
D Data bank sheets
D Computer target mailers
O S.I.C. (Standard Industrial Classification Codes)
D Synergistic relationship of New York
Brokers, as other working people are in the business to make deals and,
therefore, make money. When you choose an exclusive broker, you have, in
effect, assured that person that they willmake the deal regardless of the time
ittakes to finally consummate the transaction.
Because of this assurance, an exclusive broker willnot simply try to make any
deal to earn their commission; instead they willcarefully screen allpotential
purchasers/tenants searching for purchasers/tenants that are most capable of
closing the transaction.
Your exclusive broker will always be inthe position to negotiate the most
favorable deal for you as Owner, since the Owner and the exclusive broker's
interests are combined in the form of an exclusive arrangement, any
prospective purchasers/tenants will be cognizant that the exclusive broker is
guaranteed to make a commission regarding of the deal finally selected. More
importantly, the prospective purchasers/tenants will know that the exclusive
broker's final monetary reward is now no longer contingent upon making a
deal with those particular purchasers/tenants. As a result, the focal point for
the exclusive broker is now the best interests of the property instead of those
of particular purchasers/tenants.
With an exclusive arrangement, Brown Harris Stevens will methodically make
certain that every potential purchaser/tenant isconstantly made aware of the
availability of your property. Flyers for the property will be computer targeted
and sent to pre-selected prospective purchasers/tenants.
BROWN HARRIS STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com
Theforegoingis basedoninformationobtainedby DIISandbelievedto bereliablebutnoguaranteeis madeto its accuracy.Noguarantee
whatsoever
ismade
asto thetimhig.amountor certaintyof anysalesprojectionsor investorreturns.whichwill dependonniarketcondigions.
projectexpenses.
salespricesand
othervariablesnot presentlyascertainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWNHARRIS STEVENS
E s t a b 1i s h e d
1873
IV. THE MARKETING PLAN
The goal of the marketing effort is to yield the highest possible price for
Ownership.
Our marketing plan willbe carried out as follows:
SIGNAGE
We recommend strategically placed signage on the property
FLYER
Prepare a marketing package with pertinent facts, surveys, floor plans and
pictures.
MAILINGS
Mailings to be forwarded to the following:
Retailers
Office Users
Brokerage community
PUBLIC RELATIONS
Our Public Relations Department will have the property publicized in
newspapers and real estate publications
OPEN HOUSE
An open house forthe brokerage community for tours of the property and to
disseminate information.
BROWN HARRIS STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com
The foregoingis basedoninformationobtainedby BHSandbelievedto bereliablebut noguarantee
is Inadeto itsnecuracy.Noguarantee
whatsoever
II Inade
.asto thetiming,arnountor certaintyof anysalesprojeclionsor investorreturns,whichwill dependonmarketcondigionsprojectexpenses,
salespricesand
othervariablesnot presentlyascertainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWNHARRIS STEVENS
E s t a b 1ished 1873
ELECTRONIC MEDIA
The property will be listed on the following:
" Brown Harris Stevens Commercial Web-Site
= Co-Star
" Shark
Property
" Loop-Net
= Craigs List
CANVASSING
The thrust of any effective marketing campaign isan intensive, directed and
aggressive marketing program. In this endeavor, there is no shortcut. Ifs
knocking on doors, telephone canvassing and contacting potential
purchasers/tenants from our long-standing customer base.
BROKER'S PROGRAM
As an exclusive marketing agent, we orchestrate and harness the entire
brokerage community to work for the Owner. We view brokers as customers
and not as competitors. Through direct mail and personal contacts, the
brokerage community willbe stimulated and constantly made aware of the
availability of your property.
REPORTING
Submission of monthly written reports to the Ownership highlighting marketing
activity, marketing effort, market competition and status of existing deals.
BROWN HARRIS STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com
Theforegoingis basedoninformationobtainedby UllS andbelievedto bereliablebul noguaranteeis madeto its accuracy.Noguarantee
whatsoever
is made
asto thetiming.amountor certaintyof anysalesprojectionsor investorreturns,whichwill dependonmarketconditions.projectexpruses,
salespricesand
othervariablesnot presentlyascertainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWN HARRIS STEVENS
E s t abIi sh e d I873
V. THE BUILDING AND VALUATION
The building has good visibilityon Hempstead Turnpike. The building is
approximately 8,892 square feet as follows:
Basement - 3,120 square feet - Storage
Floor 1 - 2,652 square feet - Retail
Floor 2 - 3,120 square feet - Office
A user will have signage and exposure on a heavily trafficked road. The parking in
the rear is a good selling point.
We have reviewed rental rates and sale prices in the area.
The location of the building is ina weak part of Hempstead Turnpike. There are a
lot ofvacancies in the area. Asking rental rates for ground floor retailare ranging
from $18 to $25 per square foot. (See attached Survey)
For sales, we reviewed available buildings in West Hempstead and Hempstead.
(See attached Survey) There are numerous buildings available forsale. Some have
been on the market for several years. Asking prices for comparable buildings
range from $47 to $200 per square foot. Most similar type buildings to 219
Hempstead Turnpike have asking prices from $85 to $126 per square foot.
For a sale, we would set an asking price of $600,000 and expect a sale in the range
of $550,000 to $600,000.
One of our marketing points isthat we can get a user 90% financing utilizingthe
SBA/504 program as long as they occupy 51% or more of the property. This is very
attractive for a user who can occupy the ground floor and basement. They can then
lease out the second floor ifnot needed.
For leasing, we would set an asking rental of $19.95 per square foot plus utilities
for
the Floor 1 retail,and $16.00 per square foot for the Floor 2 Office.
Office buildings along Hempstead Turnpike in Hempstead are leasing for $14 to
$17 per square foot. These rates usually include heat and cleaning and a
workletter. Landlords willspend up to $20 per square foot on a 5 year lease for
deals. Tenants usually pay their own electric.
Our company is extremely active in the Hempstead and West Hempstead markets
and is prepared to initiate an aggressive marketing campaign immediately.
BROWN HARRIS STEVENS Commercial Real Estate,LLC
99 Powerhouse Road, Suite305, Roslyn Heights,New York 1 1577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com
The foregoingis basedoninformationobtainedby DHSandbelievedto bereliablebut noguaranteeis madeto lis accuracy.Noguarantee
whalsoever
ismade
asto thetiming,amountor certaintyof anysatesprojectionsor investorreturns,whichwill depettdonmarketconditions,projectexpenses,
salesprleesand
othervariablesnot presentlyascertainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
BROWNHARRIS STEVENS
E s t a b 1i s h e dI 8 7 3
AVA LABLE
RENTAL
BUILD NGS
BROWN HARRIS STEVENS Commercial RealEstate,LLC
99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577
Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialLIs.com
The foregoingis basedoninformationobtainedby BHSandbelievedto hereliablebutnoguaranlecis madeto its accuracy.Noguaranteewhatsoever
is made
asto thetiming,amountor certainlyof anysalesprojeclionsor investorreturns.whichwill dependonmarketconditions,projectexpenses,
salespricesand
othervariablesnot presentlyascertainable.
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019
NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022
47¼··i75 No stead Ave
IELt:ENtC gWoog3s ,,
-,,..'. .MCTE. *""
Location:Nassau Cluster Building Type:
Retall/Freestanding
CentralNassau Submarket Bldg Status:
Bulit1950
Nassau County Building Size:
6,361 SF
West Hempstead, NY 11552 Typical Floor Size:
6,361 SF
Stories:
1
Land Area:0.70 AC
Developer:- Total Avail:
2,300 SF
Management: - % Leased: 100%
Recorded Owner: DelalonRealtyCorp Total Spaces Avall:
1
Smallest Space:
1 800 SF
Expenses: 2010 Est Ops @ $3.00/sf
2013 Tax @ $1.33/sfi -
Bldg Vacant:
Parcel Number:2089-35-363-00-0235-0
Parking: Ratio of 3.00/1,000 SF
FI r SFAva
Preview
FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 DEFENDANTS' EXHIBIT C FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWNHARRIS STEVENS E s t a b 1i s h e d 18 7 3 MALI ETING 00ô0 SAI PREPARED FOR: 219 IdrMDSTEAD TCENDIEE WEST IdrMDSTEAD, NEW Y DE 11552 Presented By: David B. Sargoy Zubin Hassid Director- Commercial RE Division Director- Sales & Investment, Leasing 516.203.8134 . 516-203-8188 BROWN HARRIS STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite 305, Roslyn Heights,New York 11577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialLIs.com whatsoever ismade is mailegoits accuracy.Noguarantee The foregoingis basedoninformationobtainedby DHSandbelievedto bereliablebut noguarantee or Investorretiirns,whichwill dependonmarketconditions,projectexpenses, asgothetiming,amountor certaintyof anysalesprojectionis salespricesand othervariablesnot presentlyascertainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWNHARRIS STEVENS E s t a b 1i s h e d I 8 7 3 TABLE OF CONTENTS I LETTER OF INTRODUCTION 21"t II THE REAL ESTATE BROKER OF THE CENTURY III THE ADVANTAGES OF THE EXCLUSlVE BROKER IV MARKETING PLAN V THE BUILDING AND VALUATION VI BUILDING DISPOSITION VII INVESTMENT SALES VIII CONTINUING TO BUILD THE RELATIONSHIP IX THE MARKETING TEAM X SUMMARY XI BROWN HARRIS STEVENS: Company Information BROWN HARRIS STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com The regoingis basedoninformationobtainedby IIIIS andbelievedto bereliablebugnoguarantee is madegoits accuracy.Noguarantee whatsoever is made asto thetinilngiamountor certaintyof anysalesprojectionsor investorreturns.whichwill dependonmarketconditions,projectexpenses, rulerpricesand othervariablesnot presentlyascertainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWNHARRIS STEVENS E s t ablished 1873 I. LETTER OF INTRODUCTION We are pleased to present this synopsis of Brown Harris Stevens Commercial RealEstate Services Brown Harris has offices covering the Metropolitan New York area that services our customers locally,regionally and nationally. The Commercial Real Estate Division has specialized in marketing commercial real estate for over 35 years. Over this period, our combined team of sales representatives have become a key force for such major corporations as AT & T, Cigna Corporation, Equitable Life Assurance Society of America, Empire of America, Xerox Corporation, Red Robin Restaurants, New York Hospital, Bally's Jack LaLanne, Sam's Club, Wal-Mart Stores, Newsday, Mediserve Corporation, The City of New York and many other companies of similar stature. From leasing and disposition, to real estate acquisitions, financing and management, Brown Harris Stevens has established itselfas a company capable of working effectively, quickly and profitably for itscustomers. The reasons for the success of our company are twofold. The firstreason is the wide range of skills and services the marketing department brings to its tasks. The second reason is the company's philosophy, which stresses personalized service. Itis thissame philosophy that allows every single project the firm undertakes to be handled directly by at least one senior broker of the company. Itis thistime-tested way of doing business that has allowed BHS to succeed for the developers and corporations that itrepresents. The Brown Harris Stevens approach to real estate brokerage has been to provide the highest quality of service to itscustomers and to give highly personalized and responsive service. Itis best tailored for the company and/or developers that demand the highest level of professional brokerage skills yet desires the control and high comfort level that only a full-service type of company can offer. Itis a philosophy which has allowed Brown Harris Stevens to give itscustomers a level of control that is the next best thing to having top quality, in-house real estate professionals. BROWN HARRIS STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite 305, Roslyn Heights,New York I 1577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com andbelievedtobereliablebutnog,1arantee The foregoingIsbasedonInformationobtainedby D11S is madeto itsaccuracy.Nogitaranteewhatsoever is made asto thetiming.amountor certaintyof anysalesprojectionsor investorrettrrns.whichwill dependonmarketconditions,projectexpenses, salespricesand othervariablesnot presentlyascerlainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWN HARRIS STEVENS E s t a b Iished I873 21"' II. THE REAL ESTATE BROKER OF THE CENTURY The real estate broker must recognize a variety of disciplines the client may require in order to reach a finaljudgment; such as: Pre-construction planning O Interior space design O Employee and materials flow O Taxation impacts O Financial concerns O Environmental/Hazardous wastes n Zoning interpretation Real Estate contract law The real estate broker must acquire a thorough knowledge of: O Legislative trends O impact of trafficpatterns O Labor availability O Energy and quality of lifeconcerns The real estate broker must provide statistical reports to the client; such as: O Comparative sales analysis O Comparative lease analysis O Market surveys O Zoning comparisons O Feasibility studies of safe/leaseback arrangements O Energy projections of building systems O Property Management The real estate broker must recognize and address the concerns of all parties involved in order to consummate a real estate transaction, aligning with the appropriate experts. BROWN HARR1S STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577 Tel 5I6,203.8100 Fax 516.203.8199 www.BIISCommercialils.com Theforegoingis basedeninforrnationobtainedby BlIS andbelievedto bereliablebutnoguaranteeis madeto Itsaccuracy.Noguarantee whatsoever ismade asto thetiming,amountor certaintyof anysalesprojectionsor investorreturns,whichwill dependonmarketconditions,projectexpenses, salespricesand othervariablesnot presentlyasccrgalpable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWNHARRIS STEVENS E s t a b 1i s h e d 1 873 Ill. THE ADVANTAGES OF THE EXCLUSIVE BROKER There are two methods for marketing real estate. One method is extremely passive and requires no particular expertise. The other method is active and requires a great deal of expertise, time and energy. Only with an exclusive arrangement can a broker take fulladvantage of the company that they are with. Instead of passively waiting for potential purchasers/tenants to walk through the door, BHS can, as your exclusive broker, actively search out purchasers/tenants for 219 Hempstead Turnpike, by using the following tools: D Data bank sheets D Computer target mailers O S.I.C. (Standard Industrial Classification Codes) D Synergistic relationship of New York Brokers, as other working people are in the business to make deals and, therefore, make money. When you choose an exclusive broker, you have, in effect, assured that person that they willmake the deal regardless of the time ittakes to finally consummate the transaction. Because of this assurance, an exclusive broker willnot simply try to make any deal to earn their commission; instead they willcarefully screen allpotential purchasers/tenants searching for purchasers/tenants that are most capable of closing the transaction. Your exclusive broker will always be inthe position to negotiate the most favorable deal for you as Owner, since the Owner and the exclusive broker's interests are combined in the form of an exclusive arrangement, any prospective purchasers/tenants will be cognizant that the exclusive broker is guaranteed to make a commission regarding of the deal finally selected. More importantly, the prospective purchasers/tenants will know that the exclusive broker's final monetary reward is now no longer contingent upon making a deal with those particular purchasers/tenants. As a result, the focal point for the exclusive broker is now the best interests of the property instead of those of particular purchasers/tenants. With an exclusive arrangement, Brown Harris Stevens will methodically make certain that every potential purchaser/tenant isconstantly made aware of the availability of your property. Flyers for the property will be computer targeted and sent to pre-selected prospective purchasers/tenants. BROWN HARRIS STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com Theforegoingis basedoninformationobtainedby DIISandbelievedto bereliablebutnoguaranteeis madeto its accuracy.Noguarantee whatsoever ismade asto thetimhig.amountor certaintyof anysalesprojectionsor investorreturns.whichwill dependonniarketcondigions. projectexpenses. salespricesand othervariablesnot presentlyascertainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWNHARRIS STEVENS E s t a b 1i s h e d 1873 IV. THE MARKETING PLAN The goal of the marketing effort is to yield the highest possible price for Ownership. Our marketing plan willbe carried out as follows: SIGNAGE We recommend strategically placed signage on the property FLYER Prepare a marketing package with pertinent facts, surveys, floor plans and pictures. MAILINGS Mailings to be forwarded to the following: Retailers Office Users Brokerage community PUBLIC RELATIONS Our Public Relations Department will have the property publicized in newspapers and real estate publications OPEN HOUSE An open house forthe brokerage community for tours of the property and to disseminate information. BROWN HARRIS STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com The foregoingis basedoninformationobtainedby BHSandbelievedto bereliablebut noguarantee is Inadeto itsnecuracy.Noguarantee whatsoever II Inade .asto thetiming,arnountor certaintyof anysalesprojeclionsor investorreturns,whichwill dependonmarketcondigionsprojectexpenses, salespricesand othervariablesnot presentlyascertainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWNHARRIS STEVENS E s t a b 1ished 1873 ELECTRONIC MEDIA The property will be listed on the following: " Brown Harris Stevens Commercial Web-Site = Co-Star " Shark Property " Loop-Net = Craigs List CANVASSING The thrust of any effective marketing campaign isan intensive, directed and aggressive marketing program. In this endeavor, there is no shortcut. Ifs knocking on doors, telephone canvassing and contacting potential purchasers/tenants from our long-standing customer base. BROKER'S PROGRAM As an exclusive marketing agent, we orchestrate and harness the entire brokerage community to work for the Owner. We view brokers as customers and not as competitors. Through direct mail and personal contacts, the brokerage community willbe stimulated and constantly made aware of the availability of your property. REPORTING Submission of monthly written reports to the Ownership highlighting marketing activity, marketing effort, market competition and status of existing deals. BROWN HARRIS STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com Theforegoingis basedoninformationobtainedby UllS andbelievedto bereliablebul noguaranteeis madeto its accuracy.Noguarantee whatsoever is made asto thetiming.amountor certaintyof anysalesprojectionsor investorreturns,whichwill dependonmarketconditions.projectexpruses, salespricesand othervariablesnot presentlyascertainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWN HARRIS STEVENS E s t abIi sh e d I873 V. THE BUILDING AND VALUATION The building has good visibilityon Hempstead Turnpike. The building is approximately 8,892 square feet as follows: Basement - 3,120 square feet - Storage Floor 1 - 2,652 square feet - Retail Floor 2 - 3,120 square feet - Office A user will have signage and exposure on a heavily trafficked road. The parking in the rear is a good selling point. We have reviewed rental rates and sale prices in the area. The location of the building is ina weak part of Hempstead Turnpike. There are a lot ofvacancies in the area. Asking rental rates for ground floor retailare ranging from $18 to $25 per square foot. (See attached Survey) For sales, we reviewed available buildings in West Hempstead and Hempstead. (See attached Survey) There are numerous buildings available forsale. Some have been on the market for several years. Asking prices for comparable buildings range from $47 to $200 per square foot. Most similar type buildings to 219 Hempstead Turnpike have asking prices from $85 to $126 per square foot. For a sale, we would set an asking price of $600,000 and expect a sale in the range of $550,000 to $600,000. One of our marketing points isthat we can get a user 90% financing utilizingthe SBA/504 program as long as they occupy 51% or more of the property. This is very attractive for a user who can occupy the ground floor and basement. They can then lease out the second floor ifnot needed. For leasing, we would set an asking rental of $19.95 per square foot plus utilities for the Floor 1 retail,and $16.00 per square foot for the Floor 2 Office. Office buildings along Hempstead Turnpike in Hempstead are leasing for $14 to $17 per square foot. These rates usually include heat and cleaning and a workletter. Landlords willspend up to $20 per square foot on a 5 year lease for deals. Tenants usually pay their own electric. Our company is extremely active in the Hempstead and West Hempstead markets and is prepared to initiate an aggressive marketing campaign immediately. BROWN HARRIS STEVENS Commercial Real Estate,LLC 99 Powerhouse Road, Suite305, Roslyn Heights,New York 1 1577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialils.com The foregoingis basedoninformationobtainedby DHSandbelievedto bereliablebut noguaranteeis madeto lis accuracy.Noguarantee whalsoever ismade asto thetiming,amountor certaintyof anysatesprojectionsor investorreturns,whichwill depettdonmarketconditions,projectexpenses, salesprleesand othervariablesnot presentlyascertainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 BROWNHARRIS STEVENS E s t a b 1i s h e dI 8 7 3 AVA LABLE RENTAL BUILD NGS BROWN HARRIS STEVENS Commercial RealEstate,LLC 99 Powerhouse Road, Suite305, Roslyn Heights,New York 11577 Tel 516.203.8100 Fax 516.203.8199 www.BHSCommercialLIs.com The foregoingis basedoninformationobtainedby BHSandbelievedto hereliablebutnoguaranlecis madeto its accuracy.Noguaranteewhatsoever is made asto thetiming,amountor certainlyof anysalesprojeclionsor investorreturns.whichwill dependonmarketconditions,projectexpenses, salespricesand othervariablesnot presentlyascertainable. FILED: NASSAU COUNTY CLERK 08/25/2022 03:11 PM INDEX NO. 001052/2019 NYSCEF DOC. NO. 69 RECEIVED NYSCEF: 08/25/2022 47¼··i75 No stead Ave IELt:ENtC gWoog3s ,, -,,..'. .MCTE. *"" Location:Nassau Cluster Building Type: Retall/Freestanding CentralNassau Submarket Bldg Status: Bulit1950 Nassau County Building Size: 6,361 SF West Hempstead, NY 11552 Typical Floor Size: 6,361 SF Stories: 1 Land Area:0.70 AC Developer:- Total Avail: 2,300 SF Management: - % Leased: 100% Recorded Owner: DelalonRealtyCorp Total Spaces Avall: 1 Smallest Space: 1 800 SF Expenses: 2010 Est Ops @ $3.00/sf 2013 Tax @ $1.33/sfi - Bldg Vacant: Parcel Number:2089-35-363-00-0235-0 Parking: Ratio of 3.00/1,000 SF FI r SFAva