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Lease Overview Rentable Area Expiration 2020 Base Rent Floors

Building Debt Overview

Brookfield Condo Unit: Partial Retail + Flrs 28-52)

129,532 SF 996 SF/Atty

Debt

$750.0M $1,016/SF

P28, E31-33 & E35

Maturity

Dec. 9, 2020

Feb. 29, 2024

$515M 1st Mortgage:

NYT 2019-NYT (Securitized) @ LIBOR plus 1.856796% I/O

$85.35/SF $90.36/SF $93.48/SF

2020 Escalated Rent

Average Escalated Rent for Term

$120M B-Note:

Bank of America, Barclays, Citigroup and Deutsche Bank @ LIBOR plus 3.500% I/O

from Jun. 1, 2020

Total Remaining Obligation Total

$48.5M $42.7M

$373K/Atty

$115M Mezz:

Private Lender @ LIBOR plus 5.250% I/O

from Jun. 1, 2020

NPV

$329K/Atty

$12.9M/Yr

Annuity

$99K/Yr/Atty

SF/Atty and $/Atty ratios based on current attorney headcount of 130 and do not consider actual attorney space capacity.

Note: 1st Mortgage and Mezz have Five successive 12-month Extension Options

Landlord Carry Cost Breakdown (2020) Building OpEx $12.31/SF Building PILOT $11.44/SF Building Debt Service $30.88/SF Total Carry $54.63/SF

Strategic Advisory Group © 2020 Cushman & Wakefield

All information furnished is from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change in price, rental or other conditions, prior sale, lease, or financing or withdrawal without notice.