Summary of Proposed Sale - 2343 Jerome Avenue, Bronx, NY, 11207 (“2343 Jerome”) Properties/Sellers: CTBY Realty, LLC owns 2343 Jerome Avenue, Bronx, NY, 11207. Tenant - “Food Dynasty” franchise - current rent $18,217 per month. Rent will escalate to $18,581 soon. They are in year 6 of a 10-year lease with a 5-year renewal option. 1 story retail location in Brooklyn. NYC real estate property taxes are about $47,292.20 per year. The tenant pays the taxes in 12 installments (about $4,000) every month along with the rent. (Total rent is about $22,500 per month or $270,000 annually) The estate is NOT offering a purchase money mortgage. The estate is winding up. Condition/Disclosure: No C/O - Electrical remediation started but not complete. Tenant responsible for electrical repair and tenant has access to $20,000 escrow to complete remediation. Any pending issues with respect to the C/O are not an impediment to closing, and this transaction and sale is an “AS IS” transfer. The square footage of the building is about 7,400 built out. At 7,400 square feet usable the price is about $541 per square foot which is reasonable for a commercial location in Brooklyn. Terms: $4,000,000 (FIRM) 10% down at signing of contract “as is” 60 days closing 14 days due diligence. Check out this YouTube Video on 2343 Jerome Ave, Bronx, NY: https://youtu.be/Mb3sKWQfwu8?si=VJH6vfEfFQD1Pvib