© 2018 Greysteel

1635 Holbrook1635 Holbrook Street, NE | Washington, D.C.

OFFERING SUMMARY

Investment Summary

Year Built 1952

Units 4

Construction Brick Façade

Zoning RF-1

Total Rentable SF 2,400 SF

Average Unit Size 600 SF

Occupancy (8/1/2018) 25.0%

Average Market Rent $1,600

Average Rent Roll Rent $450

Unit Type No. of Units Rentable SFTotal

Rentable SFEffective Rent/Unit

Effective Rent/SF

Total Effective

Rent

Market Rent/Unit

Market Rent/SF

Total Market Rent

PotentialOne Bedrooms - Occupied 1 600 600 $450 $0.75 $450 $1,600 $2.67 $1,600One Bedrooms - Vacant 1 600 600 - - - $1,600 $2.67 $1,600Units Demo'd 2 600 1,200 - - - - - -Totals / Wtd. Averages 4 600 2,400 $113 $0.19 $450 $800 $1.33 $3,200

Unit Mix Summary

$450

-

$1,600 $1,600

-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

One Bedrooms -Occupied

One Bedrooms - Vacant

Effective Rent/Unit Market Rent/Unit

One Bedrooms - Occupied25%

One Bedrooms - Vacant25%

Units Demo'd50%

UNIT MIX SUMMARY

Unit Type No. of Units

Average Rentable SF

Effective Rent/Unit

Market Rent/Unit

1 BDR- Occupied 1 600 $450 $1,600

1 BDR- Vacant 1 600 - $1,600

United Demo’d 2 600 - -

Totals/Wtd. Averages

4 872 $1,433 $800

© 2018 Greysteel

AREA MAP

1

2

9

8

4

15

14

17

16

3

10

7

1635 HOLBROOK

395

50

1

N. CA

PITOL STREET N

W

E. CAPITOL STREET SE

FLORIDA AVENUE NE

65 11

1213

BENNING ROAD NEH STREET/BENNING ROAD STREETCAR

SHOPPING & RESTAURANTS 10 Eastern Market (1.6 Miles)11 H Street Retail Corridor (0.9 Miles)

12 Hechinger Mall (0.4 Miles)

13 The Apollo & Whole Foods Market (1.0 Mile)

14 The Hecht Warehouse at Ivy City (0.6 Miles)

15 Union Market (0.9 Miles)

TRANSIT 16 NoMa-Gallaudet U Station (1.2 Miles)

17 Union Station (1.6 Miles)

DEVELOPMENTS1 Hill East Development (1.6 Miles)

2 NewCityDC (0.8 Miles)

EDUCATION3 Gallaudet University (0.6 Miles)

HEALTH SERVICES4 BridgePoint Hospital Capitol Hill (1.2 Miles)

5 Kaiser Permanente (1.3 Miles)

PARKS & RECREATION6 Atlas Performing Arts Center (0.6 Miles)

7 RFK Stadium (1.3 Miles)

8 United States Capitol (1.9 Miles)

9 United States National Arboretum (0.9 Miles)

© 2018 Greysteel

1635 HOLBROOK

17TH STREET, NE

BENN

ING

ROAD

, NE

BLADENSBURG ROAD, NE

FLORID

A AVE

NUE,

NE

TRINIDAD RECREATION CENTER

KIPP DC WEBB

FLATS AT ATLAS

HECHINGER MALL

H STREET CORRIDOR

THE PURSUIT WINE BARTONY’S PLACEBAB KOREAN FUSIONCROSSFIT DC NORTHEASTTURNING NATURALROSES DEJAVUAVERY’S BAR & LOUNGEIMPALA CANTINA Y TAQUERIABIERGARTEN HAUSROCK & ROLL HOTELMAKETTOREDROCKS H STREETDANGEROUSLY DELICIOUS PIESHILL PRINCEATLAS PERFORMING ARTS CENTERSTABLE DCSHAWAFELSALLY’S MIDDLE NAMETHE ESCAPE LOUNGE ON H STREET

SOL MEXICAN GRILLSMITH COMMONSON THE ROCKSDC DINERGRANVILLE MOORE’STOKI UNDERGROUNDTHE CHIC SHACKSTICKY RICESINGSING KARAOKE PALACETHE QUEEN VICNOMADHORACE & DICKIE’S SEAFOODCUSBAHTOUCHE SUPPER CLUBCOPYCAT COLITTLE MISS WHISKEY’S GOLDEN DOLLARTHE HAYMAKER BARBEN’S CHILI BOWL

CHINA WOKSCOTT’S BEAUTY & BARBER SUPPLYSPORTS ZONE ELITE

MODERN NAILSFASHION SCENTS

LOCAL MAP

GALLAUDET UNIVERSITY

1701 H STREET DEVELOPMENT SITE

NEWCITYDC

DOUGLAS DEVELOPMENT H STREET SITE

1151 BLADENSBURG DOUGLAS DEVELOPMENT SITE

MARYLAND AVENUE, NE

H ST

REET

, NE

U.S. CAPITOL

© 2018 Greysteel

SALES: FINANCE:W. KYLE TANGNEY HERBERT SCHWAT JAKE RUPPERT Managing Director202.280.2730ktangney@greysteel.com

Sr. Investment Associate202.618.3419hschwat@greysteel.com

Finance Associate202.971.9595jruppert@greysteel.com

For more information or to inquire about Greysteel, please contact Ari Firoozabadi, President & CEO (af@greysteel.com | 202.417.3873)

Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified.

7735 Old Georgetown Road • Suite 301 • Bethesda, MD 20814 202.280.2722 • www.greysteel.com

New York• Los Angeles • Dallas • Fort Worth • Washington, D.C.* • Philadelphia • Phoenix • Denver • Baltimore • Norfolk D.C. License No: LL98371301*Corporate Headquarters and Transaction Services Center

Flexible Value-Add Opportunity With three of four units vacant, and two units completely demo’d, new ownership will have the opportunity to add value in a variety of manners, including i) increasing unit’s bedroom count; and ii) upgrading via renovations and incrementally increasing rents.

Surrounded by Major DevelopmentsThe Property is surrounded by some of Washington, D.C.’s largest mixed-use developments. Union Market promises to deliver the amenities necessary to serve 4,500 new units. Douglas Development’s NewCityDC will deliver a city-center style mixed-use community with over 200,000 retail square feet and 100,000 office square feet.

Continued Maturation of H StreetH Street continues to pace the NE D.C. market with several newly delivered projects highlighted by Whole Foods at The Apollo. Just a few blocks from 1635 Holbrook, H St. offers residents of the neighborhood abundant dining and nightlife attractions.