erties within Density Radius Building Space (sf) Site Area (acres) Properties within Density Radius Building Space (sf) Site Area (acres) Project Site 30,000 0.44 M 21,080 0.64 A 33.425 0.39 N 28.740 0.3 B 87,500 1.58 0 6,690 0.15 C 6.350 0.26 P 39,000 0.39 D 27,560 0.32 Q

66th Street, 10B New York, New York 10065 Telephone: (212) 517-2052 Telecopier: (212) 517-7779 email: June 30, 2011 VIA EMAIL Paul J. Livigni, Project Site Manager Merrick Real Estate Group, Inc. 2005 Merrick Road, Suite #183 Merrick, NY 11566 Re: Construction at 12-14 East 72nd Street. New York NY

perties within Density Radius Building Space (se Site Area (acres) Properties within Density Radius Building Space (sf) Site Area (acres) Project Site 30.000 0.44 M 24.080 0.64 A 33,425 0.39 N 28,740 0.3 B 87,500 1.58 0 6,690 0.15 C 6,350 0.26 P 39,000 0.39 D 27,560 0.32 0