July 2002

Mr. Jacob Goldman,
President LoHo Realty, Inc.
563 Grand Street
New York, New York 10002

Dear Jacob,

It is my pleasure to write to you to commend your brokerage services to anyone involved
with the purchase of a home, the sale of a home, or both, on the Lower East Side.

Buying or selling a home can be one of the most important events in a lifetime. It can be
personal. It can be a complex and difficult process. And on the other hand from a purely
financial perspective the right decision can bring long-term security and peace of mind.

I am happy to report that your very special dedication to service made all the difference when
my wife and I decided upon our home in Cooperative Village. Impressed as we were with
your thorough command of the intricacies and details involved, we were equally reassured by
your spirited good nature and patient presence.

Let there be no doubt about the value of service provided by Loho Realty. We have your
expertise and careful attention to thank -and what better way than in writing! --for
everything having gone so well.

May it be true for others too.

With all best wishes,

Michael Bloom
Director of Information
Brown Harris Stevens