First World Class Resort for Disabled for Sale and Rent in Syracuse, New York, USA

Investors /Operators Needed - Most Exclusive Resort

A Most Exclusive Real Estate Development Project in the World First Luxury Resort Center for the Handicapped

The subject property is a most unique development project entailing unparalleled streams of income from multiple business developments that will be immune from any economic downtrend.

Due to inherent and inbuilt characteristics of this most innovative development, such as its ideal location, magnificent facades, superb interior conditions, indestructible condition of the structure, and its current tenancy (government agency), we strongly believe this will be the most innovative approach to real estate development in the country. The appropriate New York State government agencies have been approached and they are extremely eager and supportive of this project.

The purpose of this proposal is to provide the information you have requested and is not for solicitation purposes. The intent of this letter is to acquaint you with the most innovative and profitable development that may have not prevailed in any type of real estate development. The intent is not to entice the reader because of an unparalleled cash flow that will be in multitude of comparable investment vehicles with minimal risk of capital, or to boast the exponential appreciation of the principal investment and ownership of this 48 acre developed property. It is, however, to acquaint you with a phenomenal investment that is extremely lucrative and it will be one of the most profitable and humanitarian projects that no other entity has had the vision, expertise, means, resources and the tools to materialize.

This project will bring great happiness to the disabled and handicapped population. This may be one of the few investment opportunities wherein investors are not perceived as owners of a “money-making machine,” but will, rather, be blessed from the bottom of the hearts of so many people globally for providing such a blissful environment that enables the handicapped to feel and enjoy life as able-bodied people can.

The following is a highlight of previous occupants of the land for your review:

1. The project as is was built in 1972. It comprises 6 separate (but connected) buildings, 48 acres of land, state-of-the-art facility that provides disabled persons access to every sport and activity imaginable. Each building is approximately 100,000 sq.ft. The development is located on top of a hill with a view of the city of Syracuse.

2. This facility has corridors 10 feet wide for comfort which connects all the units from every floor.

3. The development has residential rooms, which are equipped with baths, showers and all the facets of comfort for disabled and non-disabled persons.

4. The bedrooms and bathrooms are uniquely designed to comfortably accommodate physically challenged individuals.

5. Heating and cooling systems are computerized and are controlled from Albany, NY, and can be directed from any other location.

6. Currently, the State of New York is renting a small portion (100,000 sq.ft.) of the land. They are responsible for the maintenance of the inside and outside.

7. Each building has very large terraces, where outdoor activities can take place with a breathtaking landscape and city view.

8. The complex is constructed with all the amenities under the same roof so that there will be no need for the disabled person to leave the premises for any other activities.


Our renovation goals are as follows:

1. The 1st building, as we are negotiating with the government, will be dedicated for military veteran rehabilitation.

2. Dedicate the 2nd and 3rd buildings as a “Luxury Resort for the Disabled.” These buildings will include rooms to stay in, restaurants, a beauty salon, barbershop, dining, other leisure and entertainment activities, and an indoor shopping mall with boutiques which would supply special needs items.

3. Dedicate the 4th building as a “Sports Complex.” This building will comprise sporting activities that are designed to enhance and stimulate the visitors with fulfillment such as swimming in a specially designed swimming pool, tennis, bowling in a specially adapted bowling alley, football, among a host of additional athletics and other activities previously presumed impossible for people with disabilities.

4. The 5th and 6th buildings will be dedicated as an assisted care facility staffed with doctors, speech therapists, occupational therapists, social workers, registered nurses, nutritionists, and transportation staff, just to name a few.

Through years of experience in acquisition and development of commercial properties, our skill in due diligent and feasibility analysis of each project has enabled us to become a highly successful developer in this arena. This project will also have an immense impact upon the Syracuse economy and will create huge pool of employment opportunity within the area that undoubtedly will be supported and welcomed by the local and federal government (part of our rehab program is oriented toward our war heroes that regretfully have been injured in the ongoing wars with terrorism and have become disabled or handicapped).

We strongly believe and foresee that within two years, through our well established resources, our channels of communication with local and out-of-state hospitals and medical facilities, our PR department, our negotiation with most advanced communication device manufacturers, and our contacts with state-of-the-art innovators of a variety of specially-built sports wheel chairs, we shall have an exceptionally high level of occupancy and clientele throughout the United States and globally.

Based on our due diligent studies, we have no doubt that this will be the most profitable breakthrough project in the United States and worldwide. Our primary objective is to duplicate and create a franchise for this operation and take this company public. The potential cash flows from the operating income as well as potential sales of the franchise will be beyond the scope of this letter.

If you are interested in this viable investment opportunity, we welcome and encourage you to review the information provided below describing the business plan and projected funds needed.

Yours Truly,


Jim Benjamin


BRIEF OVERVIEW OF PROPERTY:
The property was assessed at $62,000,000 in 1972. This historic site has always been well-maintained and used for altruistic purposes. The property overlooks a major park and golf course and is a short distance from beautiful Onondaga Lake.

PROJECTED FUNDS NEEDED:

General $3,000,000
Unit 1 $500,000
Units 2 & 3 $3,000,000
Unit 4 $2,000,000
Units 5 & 6 $4,000,000
Other Expenses $500,000

$13,000,000


PROJECTED INCOME:
Although the property currently has existing tenant (government agency, see item # 6 above) that pays all the carrying charges for the whole property, there is negotiation in process to lease additional of 100,000 sqft of the building to a school for $8.00 triple net. The administrative office will start paying $50,000 monthly rent beginning in 18 months from the closing date.

The above current cash flow is the most conservative approach without any changes or any additional expenditures or investments (as is) to the spaces being leased.

The rental income of minimum of $25.00 (below) is based on the complete renovation and expenditure of the above estimated $13,000,000 to convert this to one of the most luxurious and unique resort that will be second to none in the world.


Rental income is: $25/sq.ft. per annum
The total area of the six units is: 600,000 sq.ft. total (100,000 sq.ft each)

Accordingly, the rental net income per annum
(at full occupancy) is: $15,000,000

This will reimburse the total costs of improvements within the first year of full occupancy.

TAXES:
After the closing in January 2008, the base of $2,300,000 will be taxed. There will not be any tax increases thereafter since this property will be serving the needs of the physically challenged population. The estimated tax will be approximately $87,000 per year for the entire property consisting of 48 acres of open land and 600,000 sq.ft of building area.

EXPENSE BREAKDOWN:
$3,000,000 for general expenses will be applied toward renovation. This includes overhaul and upkeep of landscaping, façade, lighting, lobbies, elevators, and hallways.

The first building unit will be a physical rehabilitation facility for our wounded veterans. $500,000 will be applied toward the elevators from the 1st to the 3rd floor, constructing a kitchen and dining room, and setting up rooms with 500-600 beds. This will be private and semi-private and the military rehabilitation will include full access to the Sports Complex (building 4).

The second and third building units will host the world’s first luxury hotel resort for the physically challenged. These buildings will provide lavish barrier-free vacationing for the handicapped. A total of $3,000,000 will allow for 150 hotel rooms to be prepared, in addition to numerous restaurants, cafes, lobby, arcades, and boutiques selling custom wares for disabled individuals. Furniture will not be provided; rather, the structure will be rented as a shell for savvy managers to arrange the resort as they see fit.

The fourth building unit will be a state-of-the-art Sports Complex. The $2,000,000 will allow for completion of the handicapped-accessible swimming pool, handicapped-accessible bowling alley, spa, saunas, Jacuzzis, barber shop, beauty salon, three gymnasiums, a health club, café, juice bar, entertainment room, computer room, and high-tech equipment rental. The Sports Complex will be available for all occupants of the military rehabilitation center, resort hotel, and assisted living center.

Lastly, the fifth and sixth building unit will comprise an assisted living center for the elderly. $4,000,000 will facilitate construction of an elevator spanning all three floors (in both buildings), provide for a separate entrance to the sixth building, and construction of a lobby, three dining rooms, kitchen, entertainment room, library, three TV rooms, and two tea rooms. There will be 300 bedrooms. Furniture will be provided by the operators of this facility.


CURRENT CASH FLOW:

A). Currently this property is on an auto pilot with carrying charges. The administrative office of a government agency has leased approximately 100,000 sqft of this property for merely $1.00. In return they will pay all the carrying charges associated with the whole property. The lease is for total of three years. After the first 18 months, this office will pay $50,000 per month and will pay all the carrying charge according to proportion of the space is being used (in the event other tenants are in place). This will result in revenue of $600,000/ year guaranteed by government agency.

B). There is a negotiation in process with leasing 100,000 Sqft for approximately $8.00 Triple net lease that equates to added revenue of about $800,000 / year. Or total Net cash flow of $1,400,000 / Year (with only 2 occupancy, without any additional Improvements to the premises).

INVESTMENT OPPORTUNITY/ PRIVATE FINANCING:
The principals of the project are prepared to confer a 30% share of this most valuable property and development (current most recent letter of value by a MAI appraisal represents value of $27 Million Dollars as is) for $6,000,000. Of this amount, $3,500,000 will be applied toward the purchase, and $2,500,000 will be appropriated for renovation.

If you are interested we encourage you to contact us for further details. Please feel free to contact the principals directly at 516-779-1967 (jim Benjamin), or 516-426-1859 (Bruce Benjamin).