PROPERTY TRANSFER RECORD FOR QUEENS COUNTY, NY

Buyer: BRIDGEDALE LLC (Company/Corporation)

Buyer Mailing Address: C/O F B E LTD, 111 BROADWAY, NEW YORK, NY 10006

Seller: B BROS REALTY LTD PARTNERSHIP (Partnership); FEDERATED DEPARTMENT STORES INC (Company/Corporation)

**************************** SALES INFORMATION *****************************

Sale Date: 11/18/1997

Recorded Date: 12/2/1997

Sale Price: $8,350,000 (Sales Price Computed From Transfer Tax. No Indication Whether Tax Was Paid On Full Or Partial Consideration.)

Total Transfer Tax: $33,400.00

Book/Page: 4741/40

Deed Type: DEED

Assessor's Parcel Number: 0001-0071-0124 (Multiple APNs appear on the Conveying Instrument)

Legal Description: CITY: NEW YORK

*************************** MORTGAGE INFORMATION ***************************

Lender: THE DIME SVGS BANK OF NEW YORK FSB

Loan Amount: $7,000,000

* THIS DATA IS NOT AN OFFICIAL RECORD OF THE NEW YORK DEPARTMENT OF STATE (NYDOS) CERTIFICATION CAN ONLY BE OBTAINED THROUGH NYDOS. LEXIS-NEXIS IS NOT AN AGENT OF NYDOS. NYDOS DISCLAIMS ALL WARRANTIES OF THE DATA, EXPRESS OR IMPLIED.*

NEW YORK DEPARTMENT OF STATE, CORPORATE RECORD

NAME: BRIDGEDALE, LLC

TYPE: DOMESTIC LIMITED LIABILITY COMPANY

STATUS: ACTIVE

NOTE: GOOD STANDING STATUS CAN ONLY BE DETERMINED BY PERFORMING A SEARCH IN THE RECORDS OF BOTH THE DEPARTMENT OF STATE CORPORATION RECORDS AND THE DEPARTMENT OF TAX AND FRANCHISE. ENTER "LEXDOC" TO ORDER GOOD STANDING DOCUMENTATION.

DURATION: PERPETUAL

DATE OF INCORPORATION/QUALIFICATION: 10/20/1997

COUNTY OF PRINCIPAL OFFICE: NEW YORK

NUMBER: 2190911

HISTORY:

DATE TRANSACTION MICROFILM-NO

---- ----------- ------------

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12/22/1997 AFFIDAVIT OF PUBLICATION (DOM LLC) 971222000145

12/22/1997 AFFIDAVIT OF PUBLICATION (DOM LLC) 971222000144

10/20/1997 ARTICLES OF ORGANIZATION (DOM LLC) 971020000211

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PROCESS ADDRESS:

C/O FBE LIMITED

111 BROADWAY 20TH FLOOR

NEW YORK, NY 10006

PROPERTY RECORD FOR QUEENS COUNTY, NY

ESTIMATED ROLL CERTIFICATION DATE MARCH 1, 1997

Owner: B BROS REALTY LTD PTN

Mailing Address: C/O BLOOMINGDALES FEDERATED DEPT STORES I, 7 W 7TH ST, CINCINNATI, OH 45202

Property Address: 2402 49 AVE, QUEENS, NY 11101

**************************** SALES INFORMATION ***************************

Book/Page: 3234/2291

Document Type: AGREEMENT

************************** ASSESSMENT INFORMATION *************************

Assessor's Parcel Number: 71-124

Legal Description: LOT: 124; BLOCK: 71

Market Value Year: 1997

Market Land Value: $2,880,000

Market Improvement Value: $10,720,000

Total Market Value: $13,600,000

Land Use: WAREHOUSE,FIRE-PROOF; Zoning: M1-4

Assessment Year: 1997

Assessed Land Value: $1,296,000

Assessed Improvement Value: $4,824,000

Total Assessed Value: $6,120,000

************************* PROPERTY CHARACTERISTICS *************************

________________________________________________________________________________

Year Built: 1928 No. of Buildings: 1

Stories: 7 Style:

Units: 1 Air Conditioning:

Bedrooms: Heating:

Baths: Construction:

Partial Baths: Basement:

Total Rooms: Exterior Walls:

Fireplace: Foundation:

Garage Type: Roof:

Garage Size: Elevator:

Pool/Spa: Lot Size: 2.75 AC

Building Area:

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TAPE PRODUCED BY COUNTY: 8/1997