Real Properties and Development Rights for Auction

Auction Sale of real properties and development rights in New York, New York, includes:

• Real Properties: 428, 430 and 432 East 58th Street, New York, New York 10022;
• Development rights: all zoning and development rights owned by or available to the Debtors and/or to which the Debtors have a right, title and interest in, including the rights, licenses, easements and other agreements contained in those certain agreements: (i) with the owners of: (a) 426 East 58th Street, New York, New York (Lot 36), including certain construction licenses and the right to 13,185 square feet of unused development rights; (b) 422 East 58th Street, New York, New York (Lot 37), including the right to 21,750 square feet of unused development rights; (c) 434 and 436 East 58th Street, New York, New York (Lots 31 and 33), including certain construction licenses and the right to 33,442 square feet of unused development rights; (d) 440 East 58th Street, New York, New York (Lot 30), including the right to 13,556 square feet of unused development rights; (e) 442 East 58th Street, New York, New York (Lot 129), including the right to 16,267 square feet of unused development rights; (f) 444- 446 East 58th Street, New York, New York (Lot 29), including the right to 22,583 square feet of unused development rights; (g) 461 East 57th Street, New York, New York (Lot 22), including the right to 23,428 square feet of unused development rights; and (h) 455 East 57th Street, New York, New York (Lot 19), including the right to use such property as a pass-through to allow for the acquisition of unused development rights from 461 East 57th Street, New York, New York; and (ii) with Gemini Residential LLC, including the right to 57,715 square feet of inclusionary development rights pursuant to that certain Inclusionary Air Rights Purchase Agreement dated January 20, 2015.