From: Boris Nikolic To: Jeffrey Epstein <[email protected]> Subject: RE: FW: OFFER: 137 Duane St., 3A Date: Thu, 30 Jan 2014 16:33:15 +0000 I know that you already know points for negotiation but just to summarize it. Whomever talks to him needs to emphasize that the building is getting a reputation of being toxic as that apartment has been on a market for a long time. The building is old and had issues as changes were mostly cosmetic. The fact that one can't get a bank loan, that there are almost half of rent-controlled tenants, that electrical is out of a code, that noise isolation is that the best etc. are only few of problems. Yes — prize per square feet is low but this reflects factors listed above. Most importantly many units are coming up for sale in a year so he might want to hurry up with sale. It will help developer in selling the other unit to sell this unit sooner. The buyer can provide quick cash closing. I can send you a lot of details re each of these points. Please let me know. B From: Jeffrey Epstein [mailto:[email protected]] Sent: Thursday, January 30, 2014 8:25 AM To: Boris Nikolic Subject: Re: FW: OFFER: 137 Duane St., 3A your name will not be mentioned. On Thu, Jan 30, 2014 at 11:22 AM, Boris Nikolic < > wrote: See below — a developer is Evan Seidan. All previous interaction was with him through Steve Gold of Town. Evan knows that I was planning a bid. Evan Seiden Chief Executive Officer Summit Equities LLC http://www.summitequitiesllc.com/home Office: I EFTA00706163

Mobile: Email: A women now working on it is Andrea Wilson Summit Equities LLC 3 Columbus Circle, Suite 1430 19 wwwsummitequitiesilc.com Please note below a trail of a previous bids - I started it (through Steve) at 5.9M and from there raised at 6.25M. He would agree at 6.65M but I did not accept it. He was telling that he has another offer at that price and will accept it — it never happened. This was 4 months ago. He current ask is 6.85 — I am sure that right now you could get it for 6.5M if not less. Yesterday I got an addition info — a friend of mine is a good friend with some guy Pitchy (spelling) that owned many building in Tribeca. It turns out that he was helping Evan and Summit Equities to acquire that building. He knew many details immediately. He said that the building is old but in a good condition. There are some problems such as electrical is not up to the code. Also he mentioned that noise installation is not the best. Also something with old air vents. Also he said that there are many old people leaving forever in these rent control apartments (half of units in that building) that he does not see easily moving out. As developers owns almost half of Units it is almost impossible to get a bank loan. All of these reasons demanding that price per sq feet must be significantly lower than sounding comps. He think that if I like apartment there is no major structuraUother problems that would prevent. Nevertheless, his major concern was slightly different — he is claiming that there are at least 8-10 development in that area that are coming on the market in a year or two — including some large block large building with hundredths of apartments. He thinks that although a market is right now very hot, that supply will shortly exceed demand and induce price correction. If developer would sell it at lower price, it might be still an opportunity. From: Steven Gold [mailto: Sent: Tuesday, October 22, 2013 2:00 PM To: Boris Nikolic; Sam Jaradeh Subject: Fwd: OFFER: 137 Duane St., 3A EFTA00706164