Keen Realty Marketing Six-Story Building in New York City's Times Square.

Court Ordered Auction of 124 W. 42(nd )Street, New York, NY Currently Scheduled for November 8, 2006

GREAT NECK, N.Y. -- Keen Realty, LLC has been retained to market 124 West 42nd Street, a six-story building located adjacent to Verizon Tower, across the street from the new Bank of America Tower at One Bryant Park and within one block of the heart of world famous Times Square. The building is currently owned by two tenants-in-common and the seller of the property is Eve E. Monroe, as Referee, on behalf of the tenants-in-common. Keen is representing one of the tenants-in-common, the 25% interest owner. 100% of the fee-simple ownership in the Property is scheduled to be sold at auction on November 8, 2006 (or as otherwise ordered by the court) pursuant to a court order for the partition of real estate. Keen Realty is a real estate firm specializing in selling excess assets and restructuring real estate and lease portfolios.

The building is located in the Times Square Improvement District at 124 W. 42nd Street, between Broadway and 6th Avenue / Avenue of the Americas. The building includes six-stories and consists of approximately 15,400 sq. ft. with an additional 23,300+/- sq. ft. of available air rights. Projected gross revenues are anticipated to be $2,200,000+/-.

"We expect there to be a tremendous amount of interest in this property," said Craig Fox, Keen Realty's Vice President. "The building is located on a thriving section of 42nd Street between Broadway and Sixth Avenue and is the last redevelopment opportunity remaining on either side of the block. The 1.3 million square foot Verizon Tower is being renovated and redesigned next door, the 2.3 million square foot Bank of America Tower is being built directly across the street, and just down the block is the redevelopment of the 390,000 sq. ft Bush Tower and the former Knickerbocker Hotel at 1466 Broadway, which is being renovated into a five-star, luxury hotel. This is a fantastic opportunity to own property just seconds from Bryant Park in one direction and the heart of Times Square in the other. Due to the tight time frame, interested parties should contact us immediately for additional information," Fox added.

For over 24 years, Keen Realty has had extensive experience solving complex problems and evaluating and selling real estate, leases and businesses. A leader in identifying strategic investors and partners for businesses, Keen has consulted with hundreds of clients nationwide and has evaluated and disposed of more than 20,000 properties containing nearly 2,000,000,000 sq. ft. across the country. Recent clients include: Cable & Wireless, Spiegel/Eddie Bauer, Arthur Andersen, Service Merchandise, Tommy Hilfiger, Warnaco, and JP Morgan Chase.

For more information regarding the sale of 124 W. 42nd Street, please contact Keen Realty, LLC, 60 Cutter Mill Road, Suite 214, Great Neck, NY 11021, Telephone: [phone], Fax: [phone], e-mail: [e-mail] Attn: Craig Fox.