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60 Broadway

198 Varet Street198 Varet StreetWilliamsburg Charter High School BuildingWilliamsburg Charter High School Building For SaleFor Sale

Lease Commencement March 30, 2009

Lease Term 30 Years

Actual PPM $191,667

Annual Rent (Years 1-2) $2,300,000

Annual Rent (Years 3-5) $2,600,000

Escalations (Years 6-30) 3% per year

Security Deposit $1,500,000

Lease Guarantee $1,300,000

Utilities Tenant's Expense

Water/Sewer Tenant's Expense

Interior Maintenance & Repair Tenant 's Expense

R.E. Taxes Tenant's Expense

Exterior Maintenance Landlord's Expense

Expenses

Notes: Landlord shall be responsible for the maintenance of the facade and roof . Tenant is to maintain

all mechanical systems and undertake all interior repairs. America's Charter School Finance Corporation

provides a guarentee on the lease up to $1,300,000 per year. More details about the lease and

guarentee are provided in the marketing book.

Lease Abstract for The Williamsburg Charter High School

Mark L. Lively ~ 718.307.6524

mlively@masseyknakal.com

205 Montague Street Third Floor Brooklyn, NY 11201 718.238-8999 Fax 718.238.6091www.masseyknakal.com

THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER

Asking Price : $30,000,000Asking Price : $30,000,000 ($260 psf or 7.5% CAP)($260 psf or 7.5% CAP)For Additional Information, Please Contact Exclusive Sales Agents:

Brendan T. Maddigan ~ 718.307.6507

bmaddigan@masseyknakal.com

Douglas DiSesa ~ 718.307.6554

ddisesa@masseyknakal.com

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 tThe value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the t ax 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.

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