From: Faith Kates

From: Faith Kates To: Jeffrey Epstein <jeevacationggmail.com> Subject: FW: Comparable pricing- Imperial house Date: Mon, 02 Aug 2010 13:37:54 +0000 Through various sources I have compiled market information and recent sales that will help us determine the value of this apartment. (Sorry for the different type faces etc) It is interesting to note that Phyllis said there haven't been any apartments sold in the building that compare to the duplex in size and scale. That is partly true, but the two detailed below are over 3000 feet. This link below is apt 17ST. A beautifulrenovated apartment by David Mann (very high end) The actual sale price was 6.2M not 6.75M. Note that it was listed in January 2009 when the market was in the toilet This one is 22G. The actual sale price was 5.3M. High floor, also renovated. Sold in 2008 when the market was still strong. You can note below that the basic 3 bedrooms have been selling in the low 3Million area. Address Apt Size R B / B ASF Shares Listed Price Listed Date Sold Price Sold Date APPSF Source 150 East 69th Street 29-H 3BD 6 / 3 / 2 2,250 940 $3.750,000 09/08/08 $3.300,000 03/31/10 $1.466 Public 150 East 69th Street 10-N 3BD 613 / 3 2,430 $3.100.000 08/05/09 $2,950,000 12/22/09 $1,213 Public 150 East 69th Street 19-A 3BD 6 / 3 / 2.5 953 $3.350.000 05/08/08 $3.325.000 10/27/08 Public 150 East 69th Street 17-ST 4BD 10 / 4 / 3.5 1495 $7.250.000 01/14/09 $6.200.000 09/14/09 Public EFTA00734961 Here is a list of current listings in the building. IS/8 Peke Monthly Listed Updated status 29-3 2BD 5/2/3 2191 $3,195,000 $2,869 2/11/10 7/20/10 CS 4-M 4Bia11/4/5 4015 1671 $5,850,000 $5,315 4/14/10 7/21/10 Active 4-N 3BD 7/3/2.5 2430 $2,895,000 $3,031 7/14/10 7/19/10 Active Based on final sale prices of 5.3M and 6.2M respectively of the large apartments (17ST and 22G), it seems that 5 million plus is not unreasonable. It is 25% larger than these apartments although it does need work, which needs to be factored in. NOTE:This message including any attachments contains information. some or all of which. may be proprietary or legally privileged. It is for the intended recipient only. If you have received this message by error, please notify us immediately and destroy the related message. You. the recipient, are obligated to maintain it in a safe. secure, and confidential manner. Unauthorized re-disclosure or failure to maintain confidentiality could subject you to penalties described in Federal and State law. Next Management. LLC and any affiliate companies are not responsible for errors or omissions in this message or any attachments. EFTA00734962