114 EAST 25TH ST 114 EAST 25TH STREET NEUEHOUSE & 24-EXTENDED STAY RESIDENCES ()MITCHELL HOLDINGS LI.0 I July 16, 2014, Confidential I 801 Madison A.M., Now York, NY 10065 I (T) 212-486-4444 I (F) 212-3204474 EFTA_R1_00354305 EFTA01915257 USPS Operty Mint Asset 'We manst 114 CM 25th 51 Commertisl New York WY Putnam Pries E.tencled.Stay Uses ease Iluitles Costs salt Can 15%) 044.40tron Cost* Jistaetst Relere 36.500,000 74.1% 739.12 3,354,000 6.5% 4,938,300 20.0% 1.2% 12.15 1,43.002 28.35 2.60O%%9 10/ 49.61, ROO.* Grog ft 49.1133 Gross Extend.allay etr Flow cress romde0-Stey Monett of blended-5W Volts 3.354 13,416 24 Total Use 09424&10° N9453740 17 005µT5 1.45-010 5OURC85 4~1 strut el' tsemord 60.6y Mt Pv&4 Nulty udple 37.42% 29,674.064 21.242.300 2 40 x 440464ion L0i 56.9% 5671 430 15 Total Sources oodt.i.300 :114‘. Investment *Sr 8/1/14 011111 51111 99,525 773,100 1.643.460 167.100 Deneolvneril AneruM Rent &MAW Ifeuetatert: Lower Level 1419trOVRE IN Flaw filothotaie; 2nd. 78.-12111 Floor rrownov!re *001 100. 0 0 0 0 0 0 0 0 LfiL111 2490000 284.009 .teroter-Stay: NO -61A floor (monthly rate) /scanty JO 0 1-- 0 0 0 0 volcrel of enendod.Seay 2,592.000 2 592 000 c#o loam* 0 0 5.275.765 OPenrtar2 CepeMeS of Ext8-4140.56ay Its 75 per lost per clay Daly Rear tun Orr FIRE Recracessent Chalks Cssloner Aquiistron 0 NOM. 4$ $0 20 o 0 0 0 0 • 394,200 47.600 43.600 43,640 47600 -394,200 47.600 43.802 43.900 -87.600 Subteral of tatended-51.4. Operatisa FApemei 457.000 457.000 lelenRaement Fen 10 hieorhOuve 760 77.760 OP Sermon-es of Orodno (eat) -641.979 Taal Eape •1.176.739 DORIC 21t.12!it NIT OPERATING 1.103068 0 3,099,046 Sala ' 28,000.001 .NZ.Mt Ac9psfOol LAM RSORY 28,000,000 0 21.242.300 0 Told It 49242.103 0 SIM -36,500.030 400.000 .1.400.000 P.NOude Price Ellentleel.Stay (MOO Base thablog Casts Soft Costs 5%17,0040A" Call -36,500.000 0 0 4,930100 0 0 0 Rotel CosH 46.792.100 0 0 0 t4lnC*al Ba 6,000000 •28 000 000 0 IMwni Reserve MOW Pen% Pay911 ,450.000 0 0 0 0 -2,450000 -1.400.000 SIM 77300.920 -1,559.618 29 400 COO MN of Nada% (3 140) Sale Owing Costs 2%) 0 0 0 0 NN 5414 0 0 76.4 1.302 W7 ial Retvm of EqrStY 0 0 21,24 300 .21,242.300 29,670,048 ® MIK140.1 MOLDINGS LtC I MN 14, 2014, Coniscientisi 6 worth.: 3 worths IrCet 1 north. Lit 589% 567.00 Cats %MR Me POOR Pl kee 0.0% 2.5% 5.0% 7.5% 1 n 12.5% 15.0% 17.5% 20.0% 12.50% 28,219,344 15.00% 26.800,640 17.50% 15,361,936 2000% 73.923 732 pcowsmon tom Assupumoss 1.0.30 An,osot CIPsinp pep 1. Rate • Type I/O.119000 I/O- Role Ronn1rg Period Apo( oval Perod 16:56 Period Op-atoml Perm, Commerce' Leese Curtest Vacancy Pam 28.000,000 196•4 T.00% 35,432.064 33,994.160 32,555.456 31,116.752 26,239.344 26,800.640 25,361.936 23,923.232 2.67 a 2.60 2.53x 2.46 0, 2.33 a 2.26x 2.19x 2.13. alM / Vacancy Puraraw Mee 37.000.000 37.500.000 38.000.000 0.00% 35.433.864 34.932,864 34.432.464 33.932,864 2.50% 33.994,160 33.494,160 32.544.160 32.494.160 5.00% 31,555456 32.016.416 34515,434 31.010,416 7.50% 31.116.752 30.616.752 30,116.752 21.616.712 29.176048 28,678.0413 28.178.048 27,739,344 27,239,344 26,739,344 26.30%640 2%1300.640 25,300,640 24.661.036 24,361,936 23.861.934 23 471,232 22 973 237 72 471 73) IS resin "leanly Rate fn.) Med Costill 1 ;5540 0)00 350 00 400 00 2.50% 35.411.344 34.762.064 3409426/ 33.420.464 2.50% 32,555,456 33.323.360 32,652.560 31.9131.760 5.00% 32,555,456 31,884,656 31,213,856 30,543,056 31.116.752 30.445,952 29,775.152 39301,352 29.007.248 28,326,44$ 27.665.644 12.50% a,239,344 27.544.544 26..097.744 26.226,944 1500% 26.800.640 26.121.840 25.459.040 N.7$8.240 17.50% 25,364936 24.691,136 24,020.336 23.341.536 20.00% 23.923.232 23.712,432 22.581.632 21.910,837 I lot Madsen Aveave. Na. Yoe*, NY 10063 I (T) 212.1 41-41444 1 (P) 282-320. 474 EFTA_R1_00354306 42.87% 41.54% 10.19% 35,99% 34.54% 33.08% 31.55% EFTA01915258 Neuehouse Extended-Stay Neuehouse Floor Ceilino Height (to bottom of beam) Ceiling Height (to slab) Gross SF Basement 10' 3* 3,981 Ground 18' l' 20' 5,154 Mezzanine - 2nd Floor 10' 2' 11' Er' 3,354 3rd F100r 9' 1' 10' Ilr 3,354 4th Floor T 1' 10' B' 3,354 5th Floor T 1' 10' 8' 3,354 6th Floor W 1' 10' 8' 3,354 7th Floor 9' r 10. 8' 3,354 8th Floor W V 10' 8' 3,354 9th Floor W 1' 10' 8' 3,354 10th Floor 9. L' 10' 8' 3,354 11th Floor T t • 1w B' 3,354 12th Floor 9' 1' 11' r 3,354 Roof T V 11' 7' 3,354 49,383 @MITCHELL HOLDINGS NC I July 16, 2014, Confidential I 801 Madison Avenue, New York, NY 10065 I (7) 212-486-4444 I (F) 212-320-0474 EFTA_R1_00354307 EFTA01915259