16 Minetta Lane

Greenwich Village Townhouse

59 Morton Street

As Exclusive Sales Agents We Are Pleased To Present The Following Property:

16 Minetta Lane
New York, NY 10012

Asking Price: $3,450,000

For Further Information Or Inspection Please Contact Exclusive Sales Agents:

John F. Ciraulo
Vice Chairman, Partner

James P. Nelson
Partner

Craig M. Waggner
Director of Sales

Brendan Gotch
Director of Sales

Massey Knakal Realty Services 275 Madison Avenue New York, New York 10016 212-696-2500 212-696-0333 www.masseyknakal.com

16 Minetta Lane
Confidentiality and Conditions
This is a confidential brochure intended solely for your limited use and benefit in determining whether you desire to express any further interest in the purchase of 16 Minetta Lane, New York, New York (the Property). This brochure was prepared by Massey Knakal Realty Services, (Massey Knakal) and has been reviewed by representatives of Ownership. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information which prospective purchasers may desire. It should be noted that all financial projections are provided for general reference purposes only in that they are based on assumptions relating to the general economy, competition, and other factors beyond the control of Massey Knakal or Owner and, therefore, are subject to material variation. Additional information and an opportunity to inspect the Property and plans will be made available to interested and qualified investors. Neither Owner, Massey Knakal nor any of their respective officers nor employees, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents, and no legal commitments or obligations shall arise by reason of this brochure or any of its contents. All information contained in this brochure including, but not limited to, square footage measurements, zoning and/or zoning calculations must be independently verified. Massey Knakal and Owner make no representations as to the accuracy of the information contained herein. Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any person or entity at any time with or without notice. Owner shall have no legal commitment or obligation to any person or entity reviewing this brochure or making an offer to purchase the Property unless and until a written agreement satisfactory to Owner has been fully executed, delivered, and approved by Owner and any conditions to Owner obligations thereunder have been satisfied or waived. By receipt of this brochure, you agree that this brochure and its contents are of a confidential nature, that you hold and treat it in the strictest confidence, and that you will not disclose this brochure or any of its contents to any other person or entity without the prior written authorization of Owner nor will you use this brochure or any of its contents in any fashion or manner detrimental to the interest of Owner or Massey Knakal. It is essential that all parties to real estate transactions be aware of the health, liability and economic impact of environmental factors on real estate. Massey Knakal does not conduct investigations or analysis of environmental matters and, accordingly, urges its clients to retain qualified environmental professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, PCBs and other contaminants or petrochemical products stored in underground tanks) or other undesirable materials or conditions, are present at the Property and, if so, whether any health danger or other liability exists. Such substances may have been used in the construction or operation of buildings or may be present as a result of previous activities at the Property. Various laws and regulations have been enacted at the federal, state and local levels dealing with the use, storage, handling, removal, transport and disposal of toxic or hazardous wastes and substances. Depending upon past, current and proposed uses of the Property, it may be prudent to retain an environmental expert to conduct a site investigation and/or building inspection. If such substances exist or are contemplated to be used at the Property, special governmental approvals or permits may be required. In addition, the cost of removal and disposal of such materials may be substantial. Consequently, legal counsel and technical experts should be consulted where these substances are or may be present. While this brochure contains physical description information, there are no references to condition. Neither Owner nor Massey Knakal make any representation as to the physical condition of the Property. Prospective purchasers should conduct their own independent engineering report to verify property condition. In this brochure, certain documents, including leases and other materials, are described in summary form. The summaries do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they purport to constitute a legal analysis of the provisions of the documents. Interested parties are expected to review independently all relevant documents. The terms and conditions stated in this section will relate to all of the sections of the brochure as if stated independently therein. If, after reviewing this brochure, you have no further interest in purchasing the Properties at this time, kindly return this brochure to Massey Knakal at your earliest possible convenience. Photocopying or other duplication is not authorized. This brochure shall not be deemed an indication of the state of affairs of Owner, nor constitute an indication that there has been no change in the business or affairs of Owner since the date of preparation of this brochure.

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Massey Knakal Advantage For Buyers

16 Minetta Lane
Table of Contents

Section I Property Photographs

Section II Property Summary Property Tax Map

Section III Zoning Map

Section IV Neighborhood Map Neighborhood Description Transportation Information

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Property Photograph

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Area Photographs

View east to MacDougal Street

View down Minetta Street

View west to Sixth Avenue

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Interior Photographs Front Townhouse Building 3rd Floor

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Interior Photographs Front Townhouse Building and Solarium

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Mechanical Photographs

Washer/Dryer Electric Meters & Panels

Gas Boiler

Gas Meter

Water Heater

Gas Water Heater

Greenwich Village Townhouse For Sale

16 Minetta Lane New York, NY 10012
Block / Lot: Location: Property Type: Lot Dimensions: Lot Size: Building Dimensions: Total Square Footage: Zoning: Assessment (09/10): R.E. Taxes (09/10): Landmark Status: 543 / 27 North side of Minetta Lane between Sixth Avenue and MacDougal Street One-Family Attached or Semi-Attached (A5) 25 x 50 1,250 SF (Approx.) 25 x 30 (3 stories including lower level) 2,813 (Approx.) R7-2 (C1-5 Overlay) $164,160 $27,326 None as of September 2009 (Pending) Property is included in the Proposed South Village Historic District Year Built: Property Description: Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of one of the most architecturally distinct and vastly unique townhouses in Greenwich Village. The townhouse comes with a carriage house that has been adjoined to it by a grand solarium. At 25 wide and approximately 2,813 square feet, this 1930 townhouse is located at the junction of Minetta Street and Minetta Lane between Sixth Avenue and MacDougal Street just 2 blocks south of Washington Square Park. The faade, of Greek Revival architecture, is stucco decorated with ivy pouring from each window making 16 Minetta truly unique. Upon entering the three level front house through the arched gated doorway, you will find yourself in a large living room with a concrete staircase leading up to the second floor. The second floor boasts a triple height pitched ceiling reaching as high as 24. The lower level has an exposed stone living space, a full bathroom, the mechanical room and storage. There is a two and a half story carriage house in the rear of the property. The house may benefit from additional air rights giving it potential to add additional footage. There is a proposal in place for a new South Village Historic District that would encompass this location. Although the property requires renovations, it would be of great interest to someone looking for a truly unique home with open air qualities, loft like space and an outdoor living experience. Circa 1930

Carriage House Dimensions: 25 x 15 (2.5 stories)

Reduced Asking Price: $3,450,000

For further information, please contact Exclusive Agents:
John F. Ciraulo
Vice Chairman jciraulo@masseyknakal.com 212-696-2500 x7700

James P. Nelson
Partner jnelson@masseyknakal.com 212-696-2500 x7710

Craig M. Waggner
Director of Sales cwaggner@masseyknakal.com 212-696-2500 x7744

Brendan Gotch
Director of Sales bgotch@masseyknakal.com 212-696-2500 x7742

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

275 Madison Avenue Third Floor New York, NY 10016 212.696.2500 Fax 212.696.0333 www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER

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Tax Map

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Zoning Description
New York Citys zoning regulates permitted uses of the property; the size of the building allowed in relation to the size of the lot (floor to area ratio); required open space on the lot, the number of dwelling units permitted; the distance between the building and the street; the distance between the building and the lot line; and the amount of parking required. The commercial district has eight different classifications. 16 Minetta Lane is zoned R7-2 (C1-5 Overlay)

16 Minetta Lane

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Area Map

16 Minetta Lane

16 Minetta Lane
Neighborhood Map

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Neighborhood Description

LOCATION The neighborhood is bounded by Broadway on the east, the Hudson River on the west, Houston Street on the south, and 14th Street on the north. The neighborhoods surrounding it are the East Village to the east, SoHo to the south, and Chelsea to the north. The East Village, which was formerly known as the Bowery or considered a bona fide part of the Lower East Side, is sometimes (incorrectly) referred to as part of Greenwich Village, but it is actually its own neighborhood. This area directly east of Greenwich Village was named the East Village in the 1960s in order to capitalize on the cachet of Greenwich Village. Many New Yorkers argue that the East Village is still a subsection of the Lower East Side. Contrarily, the West Village is actually part of Greenwich Village; it is that part of the Village west of 6th Avenue. NEIGHBORHOOD CHARACTER Greenwich Village is undoubtedly one of New York's best known neighborhoods. Its very mention evokes an assortment of familiar images -- a cultural underground of bohemians and beatniks; the stately world of Henry James' Washington Square; jazz clubs galore; tourists on Eight Avenue and Bleecker Streets, and of course, the booming art scene. The Greenwich Village area, the Manhattan neighborhood containing the subject property, is characterized by its eclectic identity. Approximately 61% of the almost 2,000 buildings in the area are residential; 19% are mixed-use (commercial/residential); 15% are commercial/retail; and 5% include schools, theaters, city property, and vacant land. The area contains an abundance of restaurants, theaters, clubs and shops, as well as some of New York's oldest and most charming residential blocks. In fact, many of the area's quiet, narrow streets -- virtually unchanged since the early 1800s -- have a refreshing smallness of scale. The streets themselves are a crazy quilt of diagonals and curves that mostly pre-date the rigid grid pattern of the north. Approximately 70-80% of the area is in the Greenwich Village Historic Preservation District. The historic Washington Square Park is the center and heart of the neighborhood, but the Village has several other, smaller parks: Father Fagan, Minetta Triangle, Petrosino Square, Little Red Square, and Time Landscape. There are also city playgrounds, including Desalvio, Minetta, Thompson Street, Bleecker Street, Downing Street, Mercer Street, and William Passannante Ballfield. Perhaps the most famous, though, is "The Cage", officially known as the West 4th Street Courts. Sitting on top of the West Fourth StreetWashington Square subway station at Sixth Avenue, the courts are easily accessible to basketball and American handball players from all over New York. The Cage has become one of the most important tournament sites for the city-wide "Streetball" amateur basketball tournament.

16 Minetta Lane
Neighborhood Description
TRANSPORTATION Besides the diversity of services and amenities located in the immediate vicinity, the subject property has excellent access to major transportation facilities. The 6, as well as B, D, F, and Q subway lines, are within easy walking distance, providing access to all areas of Manhattan, the Bronx, Brooklyn, and Queens. The New Jersey PATH train is also accessible via the subway. The area is served by MTA buses on major avenues. Cross-town bus service can be found on Houston and West 14th Streets. By car, there is relatively easy access to the Holland tunnel to New Jersey, and the BrooklynBattery Tunnel to Brooklyn. The area is equally accessible to Newark, JFK, and LaGuardia airports. DINING At night, Greenwich Village comes alive with sounds from restaurants, late-night coffeehouses, cafs, theaters, and music clubs. Anything and everything can be had from a great burger and fries from the Corner Bistro to an intimate candlelit dinner at One if by Land, Two if By Sea. Established restaurants in the neighborhood include Blue Ribbon, The Fatty Crab, Pastis, The Spotted Pig, Il Mulino, Tomoe Sushi, Babbo, and the Waverly Inn. Noteworthy restaurateurs such as the Bromberg brothers consistently increase the areas offerings, opening eateries such as Blue Ribbon Sushi, and Blue Ribbon Bakery. The Village is also home to such famous jazz clubs as the Blue Note, Lions Den, and fabled coffeehouses including Caffe Reggio and Caf Figaro. The proximity to a vibrant selection of convenient bars and restaurants will hold a very real and significant appeal to the occupants of the subject property. SHOPPING Greenwich Village is great for browsing and gift shopping. Specialty book and record stores, antiques and craft shops, and gourmet food markets dominate the neighborhood. The Village is also a destination for bargain hunters. In addition, major retailers such as Urban Outfitters, Pottery Barn and Marc Jacobs bring trendy footwear, fashions, and housewares to the area. The best area for strolling or window shopping is Bleecker Street. Here, you will find lots of specialty shops and record stores interspersed with a number of up-and coming boutiques. Narrow Christopher Street is another lively strip, because it is loaded with genuine Village character. Wandering west of Seventh Avenue and along Hudson Street, takes you to shops like House of Cards and Curiosities, the Village's own funky take on an old-fashioned nickel-anddime which are tucked among the brownstones

16 Minetta Lane
Neighborhood Description
CULTURAL AMENITIES The Village also has a bustling performing arts scene. It is home to many Off-Broadway and Off-Off-Broadway theaters; for instance, Blue Man Group has taken up residence in the Astor Place Theater. The Village Vanguard hosts some of the biggest names in jazz on a regular basis. Other music clubs include The Bitter End, and Lion's Den. The village also has its own orchestra aptly named the Greenwich Village Orchestra. Comedy clubs dot the Village as well, including The Boston and Comedy Cellar, where many American stand-up comedians got their start. The architecture surrounding the subject property is extremely unique. Urbanized in the 1820's Greenwich Village is on of New York City's oldest and most diverse residential neighborhoods. Streets in the village of Greenwich were initially laid out in the late 18th century. In the 1820's, a number of Federal-style row houses were erected, either of brick or of wood with brick facades. Greek Revival row houses with austere entrances frame by heavy stone can be found throughout the district as well. SCHOOLS Greenwich Village includes the primary campus for New York University (NYU), The New School, and Yeshiva University's Benjamin N. Cardozo School of Law. Cooper Union is also located in Greenwich Village, near Lafayette and Bleecker. Located in Community District 2, there are a variety of public and private school options for elementary to high school students. Public school options include PS 003 Charrette School and PS 041 Greenwich Village for elementary schools. Public high schools include The Legacy School at 33 West 13th Street and City as ASchool at 16 Clarkson Street. Private school options for elementary students include City & Country School at 146 West 13th Street, Little Red School House at 196 Bleecker Street, Our Lady of Pompeii at 240 Bleecker Street, and St. Lukes School at 487 Hudson Street. The Little Red School House also offers private education for Upper School. CONCLUSION The neighborhood is a gold mine of social and cultural history. But whether one comes to savor the architecture, immerse oneself in its history, enjoy the nightlife, restaurants and shops, or just take a lazy stroll through this peaceful downtown enclave, the Village offers a multitude of pleasures. Few other micro-markets in Manhattan enjoys the charm and convenience that Greenwich Village does, giving it a competitive advantage in its ability to attract a wide variety of market participants. Bountiful retail options and a plethora of exciting restaurants are all immediately accessible. For interested investors, the subject property is amidst a constantly evolving community and vibrant nightlife which are inviting attributes to the neighborhood.

Greenwich Village by Building Classification

Primarily ResidentialMixed Use 15%

Other 15%

1-2 Family Dwellings 14%

Commerical Condominiums 8% Store Buildings 6% Elevator Apartments 5%

Walk-Up Apartments 37%

Total Buildings: 2508

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Transportation Description

Besides the diversity of services and amenities located in the immediate vicinity, 16 Minetta Lane has excellent access to major transportation facilities. The Christopher and West 4th Street Stations subway lines are within easy walking distance, providing access to all areas of Manhattan, and to the Bronx, Brooklyn, and Queens. New Jersey PATH trains are accessed adjacent to the property, and the area is served by northbound MTA buses on Hudson Street and southbound buses on Seventh Avenue. By car, there is relatively easy access to the Holland tunnel to New Jersey, and the BrooklynBattery tunnel to Brooklyn. The area is equally accessible to Newark and LaGuardia airports.

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Neighborhood Map

16 Minetta Lane