857-869 Bryant Avenue, Bronx, NY

857-869 Bryant Avenue

Bronx, NY

Venture Capital Properties, LLC

431 Fifth Avenue New York, NY 10016
Tel 212.213.7800 Fax 212.213.7801
857-869 Bryant Avenue, Bronx, NY

Confidentiality Disclaimer

This Investment Offering Memorandum has been prepared 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 that prospective investors may need or desire. All projections have been
developed by 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. Seller or Venture Capital Properties LLC
“VCP” makes no representation 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, VCP and its employees, disclaim any
responsibility for inaccuracies, and expect prospective purchasers to exercise independent due diligence in verifying all
such information. Further, VCP, Seller and its employees, disclaim any and all liability for representations and warranties,
expressed and implied, contained in, or for omission from, the Investment Offering Memorandum, or any other written or
oral communication transmitted or made available to the recipient. The Investment Offering Memorandum does not
constitute a representation that the business or affairs of the Property or Seller since the date of preparation of the
Investment Offering Memorandum have remained the same. Analysis and verification of the information contained in the
Investment Offering Memorandum is solely the responsibility of the prospective purchaser.

Seller and VCP 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 entity at any time with or without notice. Seller shall have
no legal commitment or obligations to any entity reviewing the Investment Offering 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, delivered and approved by Seller and its legal counsel, and any conditions to Seller’s
obligations there under have been satisfied or waived.

This Investment Offering 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 a confidential nature. By accepting the Investment Offering
Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate
it, and that you will not disclose the Investment Offering 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 VCP, and
that you will not use the Investment Offering Memorandum or any of the contents in any fashion or manner detrimental to
the interest of Seller or VCP.

We obtained the information from sources we believe to be reliable. However, we have not verified its accuracy and make
no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of
price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections,
opinions, assumptions or estimates for example only, and they may not represent current or future performance of the
property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
857-869 Bryant Avenue, Bronx, NY

Hunts Point, Bronx:

6-Story, 59-Unit Elevator Apartment Building with Two Stores

Address 857-869 Bryant Avenue

Bronx, NY

Description This 59 apartment and 2 commercial unit corner apartment building is located on
the corner of Seneca and Bryant Avenues in the Hunts Point neighborhood of the
Bronx.

Block/ Lot 02762-0097

Stories 6

Layout (30) - 1 BR., (18) - 2 BR, (11) – 3 BR

Apartments: 59 Rooms: 217

Commercial Size 4,000 sf

Building Size 64,200 sf

Building Dimensions 150 ft x 90 ft

Lot Size 15,000 sf

Lot Dimensions 150 ft x 100 ft

F.A.R 2.43, 4.28 as built

Zoning R6

Income Residential $920,784

Commercial $ 88,212
Total Income $1,008,996

Expenses R.E. Taxes $ 94,069

Water & Sewer $ 21,344
Fuel (Gas) $ 64,000
Payroll $ 8,400
Insurance $ 16,000
Repairs & Maint. $ 9,032
Electric $ 17,100
Total Expenses $ 229,945

Net Operating Income $ 779,051

Price $5,850,000 ($91/sf)

857-869 Bryant Avenue, Bronx, NY
 857-869 Bryant Avenue, Bronx, NY

Rent Roll As of March 16, 2011

Bldg/Unit Name # Bedrooms Square Footage Actual Billing Move In Date Lease End Unit
Amount Date Status
A Nieves, Diane 1BR 850 707.78 3/1/2008 2/29/2012 O

B Robles, Ollie 1BR 850 1,130.00 12/31/2008 12/31/2009 O

C Vacant 3BR 1200 1,811.00 VU

D Escalera, Shanequa 2BR 1000 1,358.00 9/25/2009 9/24/2010 O

E Rodriguez, Maria 1BR 850 1,207.61 2/1/2008 1/31/2011 O

F Byers, Tameka 2BR 1000 1,194.66 10/1/2007 9/30/2010 O

G Nieves, Maria 3BR 1200 598.38 11/1/2008 10/31/2012 O

H Pastora, Agrinsoni 2BR 1000 1,275.96 12/1/2007 11/30/2010 O

I Ellis, Raymond 1BR 850 1,276.00 7/1/2008 6/30/2010 O

J Vacant 1BR 850 1,316.00 VU

1A Schomberg, Colin 1BR 850 1,128.00 12/31/2008 11/30/2010 VU

1B Vacant 1BR 850 1,316.00 VU

1C Daundra, Jordan 3BR 1200 1,342.97 9/1/2008 8/31/2009 O

1D Vacant 2BR 1000 1,471.00 VU

1E Vacant 2BR 1000 1,471.00 VU

1F Nesmith, Frances 2BR 1000 1,625.00 8/12/2009 7/31/2011 O

1G Walker, Mary 3BR 1200 1,080.61 1/1/2008 12/31/2009 O

1H Semprit, Diana 1BR 850 1,285.31 4/1/2008 3/31/2010 O

1I Polanco, Ana 1BR 850 978.19 1/1/2008 12/31/2009 O

1J Ruiz, Maura 1BR 850 1,220.00 8/12/2009 7/31/2010 O

2A Marks, Selina 1BR 850 1,053.69 10/15/2008 10/14/2009 O

2B Farmer, Jennifer 1BR 850 1,573.81 7/15/2008 7/13/2012 O

2C Hernandez, Nitza 3BR 1200 1,445.25 3/1/2008 2/28/2011 O

2D Puente, Patricia 2BR 1000 1,158.75 9/1/2008 8/31/2009 O

2E Bueno, Fiordaliza 2BR 1000 1,158.95 7/1/2008 6/30/2012 O

2F Bellamy, Kiesha 2BR 1000 1,161.51 9/1/2008 10/31/2009 O

2G Boyce, Lovely 3BR 1200 1,450.06 8/1/2008 7/31/2009 O

2H Murphy, Dominique 1BR 850 1,220.00 9/25/2009 8/31/2010 O

2I Lester, Andrea 1BR 850 1,220.00 9/25/2009 9/24/2010 O

2J Vacant 1BR 850 1,316.00 VU

3A Chavez, Silvia 1BR 850 1,220.00 12/23/2009 11/30/2010 O

3B Vacant 1BR 850 1,316.00 VU

3C Vacant 3BR 1200 1,811.00 VU

3D Gay, Teedee 2BR 1000 1,994.00 11/30/2008 11/30/2010 O

3E Vacant 2BR 1000 1,471.00 VU

3F Smith, Stephanie 2BR 1000 1,194.66 11/1/2007 10/31/2010 O

3G Francis, Gladys 3BR 1200 665.11 1/1/2008 12/31/2011 O

3H Vacant 1BR 850 1,316.00 VU

3I Josey, Tonisha 1BR 850 1,231.00 4/1/2008 2/28/2011 O

 857-869 Bryant Avenue, Bronx, NY

3J Vacant 1BR 850 1,316.00 VU

4A Vacant 1BR 850 1,316.00 VU

4B Torres, Stephanie 1BR 850 1,256.60 8/12/2009 6/30/2010 O

4C Velez, Erica 3BR 1200 1,267.00 9/1/2008 8/31/2010 O

4D Williams, Jennifer 2BR 1000 1,238.00 2/1/2008 1/31/2011 O

4E Williams, Erikka 2BR 1000 1,171.05 1/1/2008 12/31/2010 O

4F Abrams, Tisha 2BR 1000 1,494.00 3/1/2008 2/28/2009 O

4G Rodriguez, Evelyn 3BR 1200 565.65 10/1/2008 9/30/2009 O

4H Clark, Siasia 1BR 850 1,220.00 12/31/2008 12/31/2009 O

4I Barrett, Leasha 1BR 850 1,202.50 1/1/2008 12/31/2010 O

4J Vacant 1BR 850 1,316.00 VU

5A Rivers, Eldwin 1BR 850 1,220.00 3/19/2009 2/28/2010 O

5B Vacant 1BR 850 1,316.00 VU

5C Combs, Victoria 3BR 1200 1,343.04 6/2/2008 5/31/2010 O

5D Vacant 2BR 1000 1,471.00 VU

5E Minaya, Felix 2BR 1000 1,358.00 12/31/2008 11/14/2009 O

5F Lahoz, Carmen 2BR 1000 1,358.00 2/1/2009 1/31/2010 O

5G Vacant 3BR 1200 1,811.00 VU

5H Vacant 1BR 850 1,316.00 VU

5I Izquierdo, Linda 1BR 850 1,186.24 7/1/2009 6/30/2012 O

5J Diallo, Safiatou 1BR 850 1,220.00 8/19/2009 7/31/2010 O

Store1 Happy Wessall store 1,550.72

Store2 Pedro Canella store 5,800.00

Gross Rent (Pro

Forma) 84,083.06
Notes: Vacant Units have been marked to Section 8 Rates
Deli (Pedro) has been marked to market (from $4,026.31)
857-869 Bryant Avenue, Bronx, NY