350 Livingston Street, 1

Floor –Brooklyn, New York 11217Tel: 718-935-1800 –Fax: 718-935-1822www.cpexre.com

New York –New Jersey -Florida

2010 RETAIL REPORTNEW YORK CITY

350 Livingston St., Brooklyn, NY 11217Tel: 718-935-1800 —Fax: 718-935-1822CPEX Real Estatewww.cpexre.com

The CPEX 2010 Retail Report is compiled and tabulated for our clients’use. Others may receive it upon request. It is produced by the Research Department of CPEX Real Estate.

2010 NYC Retail Report

We are pleased to present the 2010 CPEX Retail Report, a comprehensive surveyof pricing levels for the primary retail corridors throughout the five boroughs of New York City.This aggregated survey of market data information was collected from internaland external sources, including: various data service companies,New York Cityagencies, CPEX completed transactions, and market reports from our in-houseresearch studies.Careful attention has been paid to summarize the current market conditions. Thepricing for each corridor provided is an estimate and a snapshotin time, based onthe data collected. Considering the dynamics of the New York Retail Market andthe overall economic conditions we face in these difficult times, these pricinglevels are not only subject to change, but will most likely change as variousmarket conditions, supply, demand, as well as economic indicators change fromquarter to quarter. While the actual pricing levels may change in the comingmonths, this report can be an important tool for leasing comparisons, percentchanges across neighborhoods and boroughs, and for quantifying NOI levels inestimating cap rates and property valuations. This report can assist propertyowners and business owners with a current and up-to-date synopsis of theirmarket place.For retail landlords and tenants with specific site analysis requirements, pleasenote that each and every property provides unique characteristics which affectits potential lease pricing levels. Characteristics such as location, build-out,neighboring tenants, transportation, street conditions, residential density,automobile traffic, etc., all have an important impact on contracted leasing rates.As the economic market impacts the retail industry, we at CPEX will continue tomonitor such changes and make them available to our clients. Please call us if you have any questions regarding this report or if you require furtherinformation pertaining to your real estate or business.Ira KrivitDirector of Researchikrivit@cpexre.com718-687-4201

350 Livingston St., Brooklyn, NY 11217Tel: 718-935-1800 —Fax: 718-935-1822CPEX Real Estatewww.cpexre.com