2628 broadway, new york, nyrkf has been retained by vno 2628 broadway llc (the “owner”) with...

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2628 BROADWAY NEW YORK NY UPPER WEST SIDE INVESTMENT OPPORTUNITY RKF INVESTMENT SALES & ADVISORY SERVICES 1,715-SF RETAIL CONDO FOR SALE

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Page 1: 2628 Broadway, New York, NYRKF has been retained by VNO 2628 Broadway LLC (the “Owner”) with respect to the offering of the Property for sale. The Owner has indicated that all

2628 BROADWAY NEW YORK NY

UPPER WEST SIDE

INVESTMENT OPPORTUNITY

RKF INVESTMENT SALES & ADVISORY SERVICES

1,715-SF RETAIL CONDO FOR SALE

Page 2: 2628 Broadway, New York, NYRKF has been retained by VNO 2628 Broadway LLC (the “Owner”) with respect to the offering of the Property for sale. The Owner has indicated that all

2628 BROADWAY

LOCATION

East block bewtween West 99th and West 100th Street, Upper West Side, NY

PROPERTY DETAILSProperty Address 2628 Broadway, New York Block/Lot 01871/7502Gross Retail SF 1,715 sf Frontage 34’ (on Broadway)Tenant True North Urgent Care Lease Term 10 YearsReal Estate Taxes $13,956 (16/17) CAM Charges $4,116

INVESTMENT SUMMARY

Prime investment opportunity located on the Upper West Side, in close proximity

to Columbia University. Located on the strong retail corridor of Broadway, the asset

has prime location with potential upside in this growing submarket.

AREA RETAIL

Ma n

hatta

n A

ven u

e

West 94th Street

West 104th Street

West 105th Street

Aangan

WEST 104TH STREET

WEST 103RD STREET

WEST 102ND STREET

WEST 101ST STREET

WEST 100TH STREET

WEST 99TH STREET

WEST 98TH STREET

WEST 97TH STREET

WEST 96TH STREET

WEST 95TH STREET

WES

T EN

D A

VEN

UE

CO

LUM

BUS

AVEN

UE

AMST

ERD

AM A

VEN

UEBR

OAD

WAY

Joon WestsideFish Market

Ozen

Holy NameSchool

Holy Nameof Jesus Church

Texas Rotisserie & Grill Earth Café

AwadhSugarcane

C&S Hardware

Residental

Pearls

Store

Metro Diner

Sura

Cure Urgent Care Center

Mexican Festival Restaurant

Valley DrugsTatz Gourmet Sweetz

Noche Mexicana Restaurant

St. MichaelsChurch

ResidentalFlor De Mayo

LIQUORS

Gothic Cabinet Craft

Residental

Ranch Deli

®

2628 BROADWAY

JEFF FISHMAN212.916.3362 [email protected]

ANDREW JACOBS212.916.3397 [email protected]

521 FIFTH AVENUE FLOOR 7 NEW YORK, NY 10175212.599.3700 [email protected] RKF.COM

© 2016 ROBERT K. FUTTERMAN & ASSO-CIATES, LLC All information is from sources believed reliable, not independently verified, and thus subject to errors, omissions, and modifications such as price, listing, square footage, rates and commissions. All infor-mation, estimates and projections subject to change, market assumptions, unknown facts and conditions, and future potentialities. RKF makes no express or implied representations or warranties, as facts and results may vary materially from all information, estimates and projections.

All renderings presented are conceptual.

CONTACTAGENTS

Page 3: 2628 Broadway, New York, NYRKF has been retained by VNO 2628 Broadway LLC (the “Owner”) with respect to the offering of the Property for sale. The Owner has indicated that all

2628 BROADWAY | NEW YORK NYCONFIDENTIALITY AGREEMENT

2628 BROADWAY | RKF INVESTMENT SALES & ADVISORY SERVICES

You (the “Customer”) have advised Robert K. Futterman & Associates, LLC, its affiliates, successors and assigns (collectively “RKF”) that the Customer wishes to register as a potential purchaser of 2628 Broadway, New York, NY. RKF has been retained by VNO 2628 Broadway LLC (the “Owner”) with respect to the offering of the Property for sale. The Owner has indicated that all inquiries and communications with respect to the contemplated sale of the Property be directed to RKF. All Fees due RKF in connection with the sale of the Property shall be paid by the Owner.

RKF has available for review certain information concerning the Property which includes brochures and other materials (collectively “Informational Materials”). RKF will not make such Informational Materials available to the Customer unless and until the Customer has executed this agreement. As a condition to RKF’s furnishing the Informational Materials to the Customer, whether such information

is furnished by RKF, RKF’s employees, agents or representatives (including attorneys and financial advisors) (collectively, the “RKF’s Representatives”), the Customer and its affiliates, subsidiaries, directors, officers, employees, agents and advisors (collectively, “Customer’s Representatives”) agree to treat the Informational Materials, regardless of who prepared it, in accordance with the provisions of this Agreement and to take or refrain from taking certain actions herein set forth.

1. All Informational Materials relating to the Property which may be furnished to the Customer by RKF shall continue to be the Property of the Owner and RKF. The Informational Materials will: (i) be kept strictly confidential by the Customer and Customer’s Representatives; (ii) be used solely by the Customer for the purpose of evaluating a potential purchase of the Property; and (iii) not be copied or duplicated without RKF’s written consent. Upon written request by RKF, which request will include an address and shipping instructions, Customer hereby agrees to return any and all Informational Materials to RKF.

2. The Customer will not disclose the Informational Materials to any person unless RKF has approved in writing such disclosure, provided, however, that the Informational Materials may be disclosed to the Customer’s Representatives, for the sole purpose of evaluating the potential purchase of the Property; it being understood that: (a) such Customer’s Representatives shall be informed by Customer of the confidential nature of such information and Customer’s responsibilities under this Confidentiality Agreement with respect thereto; and, (b) Customer

shall use best efforts to direct and cause such Customer’s Representatives to treat such information confidentially. The Customer hereby acknowledges the confidential nature of the Informational Materials.

3. In addition, the Customer agrees that, without RKF’s written consent, the Customer will not, and will direct Customer’s Representatives not to, disclose to any person either the fact that investigations or discussions are taking place concerning the Property, or any of the terms, conditions or other facts with respect to the Property, or any potential transaction in connection therewith, including the status thereof.

4. The Customer understands and acknowledges that RKF and the Owner do not make any representation or warranty as to the accuracy or completeness of the Informational Materials and that the information used in the preparation of the Informational Materials was furnished to RKF by others and has not been independently verified by RKF and is not guaranteed as to completeness or accuracy. The Customer agrees that neither RKF nor the Owner shall have any liability for any reason to Customer or Customer’s Representatives resulting from the use

of the Informational Materials by Customer or Customer’s Representatives, or for any other information (whether oral or written) provided or alleged to have been provided to Customer or Customer’s Representatives.

5. It is understood and agreed that money damages would not be a sufficient remedy for any breach of this Agreement by Customer and that

RKF and Owner shall be entitled to specific performance or other equitable relief as a remedy for any such breach. Such remedy shall not be deemed to be the exclusive remedy for Customer’s breach of this Agreement but shall be in addition to all other remedies available at law or in equity to RKF and the Owner. Customer agrees that the provisions of this Agreement shall be deemed to apply, with equal force and effect, to Customer’s Representatives, affiliates, or associates, as if such persons were a signatory hereto and that Customer shall be responsible for any breach of the provisions of this Agreement by Customer’s Representatives, affiliates or associates.

Page 4: 2628 Broadway, New York, NYRKF has been retained by VNO 2628 Broadway LLC (the “Owner”) with respect to the offering of the Property for sale. The Owner has indicated that all

2628 BROADWAY | NEW YORK NYCONFIDENTIALITY AGREEMENT

2628 BROADWAY | RKF INVESTMENT SALES & ADVISORY SERVICES

6. In the event that Customer or Customer’s Representatives receive a request or demand to disclose all or any part of the information contained in the Informational Materials under the terms of a subpoena or order issued by a court of competent jurisdiction or otherwise, Customer agrees to (i) promptly notify RKF and Owner of the existence, terms and circumstances surrounding such a request so that RKF and the Owner may seek a protective order or other appropriate relief or remedy or waive compliance with the terms of this agreement, (ii)

consult with us on the advisability of taking steps to resist or narrow such request provided that Customer shall not be subjected to any liability or undue expense or burdens, and (iii) if disclosure of such information is required, disclose such information.

7. All notices, consents, requests, approvals and other communications provided for herein shall be made in writing and shall be delivered personally, by facsimile transmission, or by first class mail, postage prepaid, to the addresses set forth below. Notices delivered personally or by facsimile transmission shall be effective upon receipt. Notices sent by first class mail shall be effective three days subsequent to the date any such notice is deposited in the mail.

8. With respect to the matters contemplated herein, this agreement constitutes the entire understanding between Customer and RKF and it supersedes all prior oral and written communications, negotiations, understandings and agreements. The agreement set forth in this Agreement may be modified or waived only by a separate writing by you and us expressly so modifying or waiving such agreement. No failure or delay by

us in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise of any right, power or privilege.

9. The rights, obligations and benefits hereunder shall inure to the benefit of the respective parties hereto, their successors and assigns.

10. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York without regard to principles of conflict or choice of laws. The Customer hereby irrevocably and unconditionally submits to the jurisdiction of any court of the State of New York or any federal court sitting in the State of New York for purposes of any suit, action or other proceeding arising out of this agreement (and Customer agrees not to commence any action, suit or proceedings relating thereto except in such courts) and agrees that service of any process, summons, notice or document by U.S. registered mail actually received by Customer at Customer’s address set forth herein shall be effective service of process for any action, suit or proceeding brought against Customer in any such court. Customer hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this agreement, which is brought by or against RKF or Owner, in the State of New York and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.

11. The Customer acknowledges that the Property offered for sale is subject to withdrawal from the market, change in offering price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any prospective purchaser, or for any other reason whatsoever, without notice. The Customer acknowledges that the Property is being offered without regard to race, creed, sex, religion or national origin.

12. The Customer stipulates that it is acting as a principal only, and is not acting as a broker, or being represented by any broker in the transaction. If Customer wishes to be represented by a broker, then Customer’s broker shall be paid by the Customer solely. Neither RKF nor the Owner will be responsible for any fees paid to the Customer’s broker.

Page 5: 2628 Broadway, New York, NYRKF has been retained by VNO 2628 Broadway LLC (the “Owner”) with respect to the offering of the Property for sale. The Owner has indicated that all

2628 BROADWAY | NEW YORK NYCONFIDENTIALITY AGREEMENT

2628 BROADWAY | RKF INVESTMENT SALES & ADVISORY SERVICES

If in agreement with the foregoing, please return an original signed copy of this agreement.

In Witness Whereof, the undersigned has caused this agreement to be executed and delivered on the day of , 2016

NAME (print):

BY (signature):

TITLE:

PHONE NUMBER:

COMPANY:

FAX NUMBER:

ADDRESS:

EMAIL ADDRESS:

Please return all pages to Andrew Jacobs by fax (212.599.3744) or email ([email protected])

RKF INVESTMENT SALES521 Fifth Avenue, 7 th Floor New York, NY 10175T 212.916.3362 | F 212.599.3744 | www.rkf.com