City Point 1 Dekalb Ave

Employee and Employer Benefits Ground floor must be leased with the basement. RELOCATION AND EMPLOYMENT ASSISTANCE PROGRAM (REAP): REAP is a 12-year tax credit against New York City business taxes equal to $3,000 per employee relocated to Downtown Brooklyn. For the first five years, a company can receive a cash grant if the benefit is higher than their city business taxes. To qualify for REAP, an eligible business must relocate from outside New York City or from below 96th street in Manhattan. INDUSTRIAL AND COMMERCIAL INCENTIVE PROGRAM (ICP): This unique program, which is no longer active but available to City Point, creates a 25-year tax abatement of the building tax component, and increases only on the land tax component. It is expected that this benefit will reduce real estate taxes from $5 per square foot to $1 per square foot. COMMERCIAL REAL ESTATE TAX (CRT) ABATEMENT: Downtown Brooklyn does not have commercial rent tax, which may provide businesses with significant tax savings. ENERGY COST SAVINGS PROGRAM (ECSP): A 12-year program offered by NYC Department of Small Business Services that grants a 45% reduction in energy costs to companies relocating to Downtown Brooklyn. The program runs for 12 years; 8 years of full benefit with a 4 year phase-out. New York State Energy research and Development Authority (NYSERDA) Existing and New Facilities Programs Businesses may receive up to $30,000 in rebates on pre-qualified energy-efficient equipment. BUSINESS INCENTIVE RATE (BIR): BIR is a discretionary benefit that provides a reduction on regulated electric costs by 30%-35% for a term of five years, which new commercial tenants to City Point are eligible for.

BKLYN’S Dining Room provides the opportunity to build the premier destination restaurant in Downtown Brooklyn at City Point, whose tenants boasted over $300 million in combined sales in the first year alone. The space is situated above DeKalb Market Hall, one of the busiest and highest grossing market halls in the country, and below Alamo Drafthouse Cinema, the third highest grossing movie theatre in New York City. As an integral component of City Point’s makeup, BKLYN’s Dining Room has the potential to carve out a significant imprint on the New York restaurant scene. BKLYN’s Dining Room is located within a five-minute walk of 11 subway lines in the middle of the country’s fastest growing downtown neighborhood. The space is accessed through one of City Point’s most highly trafficked entrances, which services Metrotech Center, a 35,000-employee office center who visit City Point daily for lunch and dinner. BKLYN’s Dining Room also features a dining terrace that directly overlooks the future Willoughby Square Park, a beautiful oneacre park that will host neighborhood programming.