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EXECUTIVE SUDIbIARY <br />Property Type: A commercially zoned parcel of land. <br />Intended Use: The intended use of the appraisal report will be to assist the client in <br />establishine the cost of Transfer Development Rights (TDR's) as it <br />pertains to the subject property. <br />Intended User: Robert Finvarb Companies and/or assigns. <br />Property Description: <br />Location: 17700 Collins Avenue, <br />Sunny Isles Beach, Florida 33160 <br />Folio 31- 2211 - 004 -004 -0380 <br />Number: <br />Zonin ,a: B -1, Neighborhood Business District by the City of <br />Sunny Isles Beach, Florida. <br />Site Size: .7323 acres or 31.900 square feet (Public Records) <br />.7366 acres or 32,085 square feet (survey). <br />Census Tract: 1.26 <br />Flood Zone: AE <br />Date of Value: September 15, 2014 <br />Date of Report: September 17, 2014 <br />Property Rights Appraised: Fee Simple Estate <br />Highest & Best Use: Future mixed use development in accordance with the zoning code <br />and Sunnv Isles Beach LDR. <br />Marketing/Exposure Time: Within 12 months <br />VALUE INDICATIONS <br />Market Value <br />Sales Comparison Approach: $4,150,000 <br />Final Per SF of Allowable FAR 543.00 <br />