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EXCLUSIVE OFFERING MEMORANDUM

EXCLUSIVE OFFERING MEMORANDUM. Brooklyn, NY Investment. HIGH-END CONDOMINIUM DEVELOPMENT. BHRE Group LLC www.bhregroup.com

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EXCLUSIVE OFFERING MEMORANDUM

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  1. EXCLUSIVE OFFERING MEMORANDUM Brooklyn, NY Investment HIGH-END CONDOMINIUM DEVELOPMENT BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  2. 2 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN Market Review BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  3. 3 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN The Brooklyn Market We are at a turning point in the Brooklyn Real Estate Economy • More than 2.5 Million Population in Brooklyn – the most populated in New York • Mortgage Interests are at the lowest ever- making it very attractive to purchase small apartments rather than renting them • Shortage of 40% in apartments of up to 100 SQMs Additional Information About Brooklyn: http://en.wikipedia.org/wiki/Brooklyn BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  4. 4 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN השוק בברוקלין BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  5. 5 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN BROOKLYNMARKET – cont.: LINK: NY Times Article On Brooklyn Market BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  6. 6 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN WILLIAMSBURG Once a poor Neighborhood – Now one of the most popular places in New York Williamsburg Scenes Additional Information About Williamsburg:http://en.wikipedia.org/wiki/Williamsburg,_Brooklyn BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  7. 7 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN WILLIAMSBURG 3 main subway train lines run through Williamsburg – the L train being the most popular Additional Information About Williamsburg:http://en.wikipedia.org/wiki/Williamsburg,_Brooklyn BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  8. BHRE Group BHRE Group is a US registered LLC with offices in Israel • Top quality property professionals • Family homes to multi-million dollar projects • Long-term investor relationships • Match investors with best opportunities

  9. BHRE Group - Team Aaron Harow Aaron is a partner at BHRE Group. He has built an impressive track record of generating long-term and profitable investments. He frequently travels to the US and fully understands how to fuse North American investment interests with the demands of Israeli business culture. Aaron has professional training in real estate and financing. He is also a qualified lawyer and a member of the Israel Bar Association. Tzviki Ben David Founder and owner, Tzviki has ten years of real estate experience. He has cultivated a friendly feel to the business, generating numerous repeat investments and personal recommendations. Tzviki has held senior positions at leading global companies including Siemens, Amdocs and Verifone, developing extensive business acumen. Tzviki holds two undergraduate degrees and an MBA.

  10. Hand-Picked Projects We ONLY select developments which: Are situated in a prime location Yield a generous return on investment Present minimum risk to the investor Are straightforward to manage

  11. 11 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN TABLE OF CONTENTS • PROPERTY INFORMATION: • Projects Completed…………………………….. 3 • Projects Comparisons………………………….. 17 • Executive Summary…………………………….. 25 • Project Details……………………………………. 28 • Financials………………………………………… 29 • MARKET INFORMATION: • Brooklyn Market …………………………………. 32 • Williamsburg Neighborhood …………………… 36 • BHRE Group Info & Disclaimer……………….. . 39 BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  12. 12 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN Executive Summary 237 Devoe Street BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  13. 13 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN Image Of Design for 237 Devoe Condo EXECUTIVE SUMMARY: BHRE Group LLC’s condominiumdevelopment project at 237 Devoe Street in East Williamsburg, Brooklyn In addition to the popularity of the property's location, 237 Devoe Street is targeted to meet the increasing demand specificallyfor high end condos. This adds significant financial value to the property due to a low supply of such properties in the vicinity. Seven units with a total of 5,000 SQF will be built above ground, along with a basement of 700 SQF. The building will be planned with a unique design geared to serve the young professional’s demands. This design will enable us to sell the units quickly and at a high price/per square foot. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  14. 14 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN EXECUTIVE SUMMARY continued: Equity Required: $1,175,000 Total Project Costs: $2,845,000 Conservative Sales Price: $4,165,000 Expected Net Revenue: $3,659,130 Total Building Size: 5,700 SF Total Building Units: 7 AVG. Price Per Unit : $595,000 Price Per SQF: $731/ SF Projected IRR: 19.54% BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  15. 15 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN PROJECT DETAILS: Project Duration: 2 years from closing Cost of Land: $1.135M Developer Investing: $150K of equity Conservative Sales Price: Estimated at 10% under current market price. Market price increasing. Developer Holdings: 51% of the LLC, the split of profits is lower. Brokerage: Paid only after sellout, at the sale of every unit brokerage is paid to the marketing broker. Risks: If we miss the good weather and end up being able to start construction in the winter, the projects can take up to 30 Months in total. [In this case, the loan will not be taken if we can’t hit ground in time. There will be no risk on the ‘sitting time’, and the land will most probably appreciate anyway]. LINK TO: Map Of 237 Devoe Street • NEARBY TRANSIT • L  at Grand St (0.2 miles) • G,L  at Lorimer St (0.5 miles)  • J, M  at Lorimer St (0.8 miles) • G at Broadway (0.8 miles) BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  16. 16 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN FINANCIALS – Conservative Estimates BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  17. 17 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN FINANCIALS – Units sales price : If the total project profit exceeds the business plan assumption, the investor will be entitled to 15% of the increased profit whereas the developer will be entitled to 85% of the increased profit. There will be a preferred Cash on Cash return of 8% to the investor before developer draws any profit. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  18. 18 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN FINANCIALS – Comparables: BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  19. 19 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN Completed Project Interior Simulations BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  20. 20 237 DEVOE STREET| WILLIAMSBURG| BROOKLYN COMPLETED PROJECT INTERIOR SIMULATIONS:

  21. 21 237 DEVOE STREET| WILLIAMSBURG| BROOKLYN COMPLETED PROJECT INTERIOR SIMULATIONS:

  22. 22 237 DEVOE STREET| WILLIAMSBURG| BROOKLYN COMPLETED PROJECT INTERIOR SIMULATIONS:

  23. 23 237 DEVOE STREET| WILLIAMSBURG| BROOKLYN COMPLETED PROJECT INTERIOR SIMULATIONS:

  24. 24 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN Projects Completed BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  25. 25 221 TROUTMAN STREET| BUSHWICK| BROOKLYN PROJECTS COMPLETED: 221 Troutman Street is a multi-family property of approximately 6,875 square feet. The property has a lot size of 2,500 sqft. The building was newly constructed in 2009. 221 Troutman St is in the Bushwick neighbourhood in Brooklyn, NY. The average list price for Bushwick is $635,179. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  26. 26 221 TROUTMAN STREET| BUSHWICK| BROOKLYN PROJECTS COMPLETED: 221 Troutman Street   BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  27. 27 221 TROUTMAN STREET | BUSHWICK | BROOKLYN PROJECTS COMPLETED: 221 Troutman Street Backyard   BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  28. 28 183 JEFFERSON STREET | BUSHWICK | BROOKLYN PROJECT COMPARISONS: 183 Jefferson Streetis just a few blocks from the Jefferson Stop L-Train. It was fully renovated in 2010. This is a three story, brick 6-family house, featuring a 2-bedroom apartment on each floor There is direct access to the roof from the common stair case with surprisingly amazing views of the Manhattan skyline. The property was delivered with a total of four vacant units with the remaining 2 units having no lease. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  29. 29 183 JEFFERSON STREET | BUSHWICK | BROOKLYN PROJECT COMPARISONS: 183 Jefferson Street   BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  30. 30 522 HALSEY STREET BEDFORD | BROOKLYN PROJECT COMPARISONS: 522 Halsey Street is in the Bedford - Stuyvesant neighbourhood in Brooklyn. The building was newly constructed in 2012. The average listing price for Bedford - Stuyvesant is $810,403. 522 Halsey St has 6 beds, 3 baths, and approximately 2,567 square feet. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  31. 31 522 HALSEY STREET BEDFORD | BROOKLYN PROJECT COMPARISONS: 522 Halsey Street   BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  32. 32 522 HALSEY STREET BEDFORD | BROOKLYN PROJECT COMPARISONS: 522 Halsey Street - back deck  BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  33. 33 1079 HALSEY STREET BUSHWICK | BROOKLYN PROJECT COMPARISONS: • 1079 Halsey Street is a multi-family property including 7 bedrooms and 3 full bathrooms. • It is fully renovated in 2011 and includes: • granite kitchens with stainless steel appliances, hardwood flooring, • recessed lighting, • beautiful tiled bathrooms, • exposed brick interior, • spacious bedrooms with ample closet space, • high ceiling finished basement with private entrance • Walking distance to public transportation. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  34. 34 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN Projects Comparisons to 237 Devoe Street BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  35. 35 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN PROJECT COMPARISONS: The Trillium Condominium 233 Devoe St. The newest LEED building in Williamsburg. High ceilings, central cooling, radiant heated flooring and large thermo pane windows allow a tremendous amount of natural light that accentuates the uniqueness of each of the 7 homes priced from $570k-$599k. Along with their open and flexible layouts these spaces are beautifully polished with high-end finishes and appliances for sustainable living. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  36. 36 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN Image Of Design for 237 Devoe Condo PROJECT COMPARISONS: The Trillium Condominium 233 Devoe St. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  37. 37 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN PROJECT COMPARISONS: The Trillium Condominium 233 Devoe St. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  38. 38 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN PROJECT COMPARISONS: 152 Willow Streetis a unique, turn-key, single-family home nestled on one of Brooklyn Heights' best blocks. Built as an apartment house in the 1920's, 152 Willow has undergone a complete conversion to become a one-of-a-kind residence. Each level has been customized to create well-proportioned rooms that comfortably accommodate today's modern lifestyle. The 3-bedroom, 3.5-bath home has approximately 2,750-square feet of living space plus a fully built-out private roof terrace.  BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  39. 39 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN PROJECT COMPARISONS: 152 Willow Street   BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  40. 40 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN PROJECT COMPARISONS: 152 Willow Street   BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  41. 41 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN PROJECT COMPARISONS: 152 Willow Street   BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  42. 42 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN BHRE GROUP LLC BHRE Group specializes in prime location investments which produce attractive returns.We take an individualized approach when matching your investments with your financial requirements. We locate the most ideal opportunities to suit each investor’s unique profile.BHRE Group has exceeded the expectations of hundreds of satisfied investors. Our clients continuously return for additional investment opportunities and proudly recommend us to their friends and families.Our dedicated and professional team attends to every step of your investment process; from the initial purchase all the way to the deposit of your profits. Our comprehensive and strategic service is the key to the smoothest investment process possible for your financial success.Join Us. Aaron@bhregroup.com 054-3392418 BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

  43. 43 237 DEVOE STREET | EAST WILLIAMSBURG | BROOKLYN BHRE GROUP LLC DISCLAIMER Disclaimer This Offering Memorandum has been prepared by BHRE Group LLC regarding the purchase of the property described herein at 237 Devoe Street, Brooklyn, NY (the “Property”).  The materials and information contained in this Offering Memorandum do not purport to be all- inclusive or to contain all of the information which prospective investors may need or desire.  All materials have been developed by BHRE Group and other sources and are subject to variation and withdrawal.   No representation is made by BHRE Group as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relief on as a promise or representation as to the future performance of the Property.  Although the information contained herein is believed to be correct,  BHRE Group and its respective principals and employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information.   Further, BHRE Group and its respective principals and employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient.  The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property since the date of the preparation of the Offering Memorandum.  Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.  Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified investors. BHRE Group LLC www.bhregroup.com Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 212-7262824 US cell: 310-600-1267

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