EFTA02542083.pdf

From: Jeffrey Epstein <[email protected]> Sent: Friday, August 5, 2011 11:39 AM To: Subject: Re: Thanks i would like to do a similar soho house type deal , take the penthouse inst=ad of profit but only if convenient. On =ri, Aug 5, 2011 at 1:28 PM, David Mitchell < Yes,l am sending you a stacking plan ,in a few hours Right now=the project is designed with a large duplex penthouse ,but we might separ=te them into two units They are "loft" style I am still negotiating to buy out the promote and hope to have that done to=ay Sent via BlackBerry from T-Mobile David Mitchell MITCHE=L HOLDINGS LLC 815 Fifth Avenue New York NY 10065 <tela <tel: > fax <tel: > cell <mailto:i" I> From: Jeffrey Epstein <[email protected] <mailto:jeevacation@gm=il.com» Date: Fri, 5 Aug 2011 11:11:00 +0000 To Subject: Re: Thanks=/div> what type of apts.. is there a penthouse? On Thu, Aug 4, 2011 at 5:03 PM, David Mitchell <=pan dir="Itr"> < <mailtoi ' "' ' " p > wrote: For calling me back, As I outlined there is 950,000 in investor unit on 21 e 26th street We closed our deal in February and since then have received Landmark approv=l to extend the building one more floor EFTA_R1_01691670 EFTA02542083  We have also completed the demolition and have removed all the asbestos The 950,000 is part of the placement that I did with friends and family of =,000,000 The deal is that after the mortgage debt is paid 100 percent goes to return=of capital ,once that happens 75 percent goes to the investment group No fees are paid until return of capital There- after the development group receives the residual A quick snapshot is Mortgage 15.625 Debt 338,000 Equity 7,800,000 Square feet to sell 33,000 We plan to offer a white box unit at 1300 a foot And one finished unit at 1600 a foot (Comps are higher) I believe there is a sellout of over 36-38 million I also believe it will happen with in 12 months I think this is attractive because most of the risk of approvals and asbest=s removal is behind No guarantees but should be good Sent via BlackBerry from T-Mobile David Mitchell MITCHELL HOLDINGS LLC 815 Fifth Avenue New York NY 10065 ax cell The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for 2 EFTA_R1_01691671 EFTA02542084 the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved The information contained in this c=mmunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to [email protected], =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved 3 EFTA_R1_01691672 EFTA02542085