College BRONX

Tenay Williamsbridge N Park

Knickerbocker CC

Englewood Clis

Bronx Englewood INWOOD Henry Hudson Pkwy W 207th St New York University

Dyckman St 10th Ave 10th New York University Nagle Ave

The Bronx Cloisters

Margaret Corbin Rd

Fort George Ave

Teaneck Cabrini Blvd Cabrini

Riverside Dr Palisades Park FORT W 187th StGEORGE

Saint Nicholas Ave Washington Brdg

Henry Hudson Pkwy W 181st St

Alexander Hamiliton American Realty Capital Trans Mahattan Exwy Brdg FIRSTdg QUARTERW 177th St 2017 REPORT ngton Br

George Washi Blvd Cabrini Riverside Dr Riverside REIT Leonia WASHINGTON HEIGHTS

Presbyterian

Hospital Dr River Riverside Dr Riverside

Fort Fort Washington Ave Washington Fort Lee Edward M Morgan Pl

Riverside DrW Edgecombe Ave W 158th St

Riverside Dr

W 155th St Yankee Frederick Douglass Blvd Frederick Macombs Stadium Dam Brdg

HAMILTON

8th Ave FIRST QUARTER 2017 UPDATE Palisades Dr Riverside HEIGHTS Park (Sugar Hill)

Ridgeeld Edgecombe Ave Edgecombe W 145th St 145th St Park Brdg

The first quarter 2017 results of American Realty Capital New YorkRiverside Dr City REIT, Inc. (“ARC NYCR”)

W 138th St E 138th St demonstrate our commitment to the solid execution of our stated business objectives.Harlem ARC NYCR’s portfolio

Hospital Saint Nicholas Ave Nicholas Saint Adam Clayton Powell Jr Blvd ClaytonAdam Powell Center WEST Ave Convent W 135th St E 135th St HARLEM City College CENTRAL currently consists of six properties located in the borough of Manhattan, of Newthe York financialHARLEM capital of the world

Marginal St

Manhattanville

5th Ave Third Ave 12th Ave E 130th St Saint Clair Pl

Malcolm X Blvd

Second Ave Cliside E 128th St and the epicenter of commerce among New York City’s five boroughs. Our portfolio’s assets Willis Ave comprise more Ridgeeld Edgewater E 127th St Brdg Park W 125th St E 126th St E 125th St Triborough Brdg Hancock Pl

Frederick DouglassFrederick Blvd Little General Grant E 124th St than 1 million squareFerry feet. As of March 31, 2017, occupancy was 86.7%,Nat'l Monument while the weighted average lease Seminary Row

120th St Mount Morris Park W Park Morris Mount Downing

Henry Hudson Pkwy Hudson Henry Stadium MORNINGSIDE Dr Morningside term remaining was at 6.1 years. Our leverage remains conservative at HEIGHTS31% debt to cost, leaving significant Barnard Sewage College Disposal W 116th St Morningside Ave W 116th St Manhattan E 116th St Plant Columbia University Laguardia balance sheet capacity to provide additional capital to grow the portfolio. - E 34Th St

Cathedral Fairview of St John Laguardia The Divine EAST - Wall St

W 110th St Frederick Cathedral Pkwy Manhattan Ave Manhattan N E 110th St HARLEM Douglass Cir (El Bario) Frawley Cir

Lasker Rink Triborough Brdg & Pool

Moonachie W 106th St Amsterdam Ave E 106th St During the first quarter, we continued to focus on driving upside potential for the portfolioManhattan through Museo Psychiatric Center Del Barrio

Broadway Museum of The City Of New York repositioning and lease up opportunities. We believe the repositioning strategy undertaken onDr FDR the ground Mt Sinai Hospital Metropolitan

Riverside Dr Riverside 97th St Transverse Rd Hospital

floor retail space at 9 will make the Seventh Avenue retailPkwy Hudson Henry frontage more attractive to potential W 96th St Tennis Madison Ave E 96th St Courts

Jewish tenants, while the new lobby and the pre-built office suites will accelerate lease upMuseum and drive increased UPPER Ferry Cooper Hewitt Terminal WEST Museum E 90th St Soldiers and Gracie SIDE Guggenheim Sailors 86th St Transverse Rd Mansion property value. Carlstadt Monument Museum Queens North Central Ave Lexington

Park Ave Park Bergen W 86th St Park E 86th St 1st Ave YORKVILLE Children's Museum Metropolitan UPPER Riverside Museum Of Art EAST Park Delecorte

CentralW Park 1 Columbus Ave W 81st St Theater SIDE Obelisk Hayden American W 79th St Planetarium Museum Of

E 79th St Ave York REAL ESTATE INVESTMENTS PROPERTYNatural History MAP (in millions) Belvedere Guttenberg Castle 79th St Transverse Rd W 77th St Boat House

W End Ave New York Historical Society Whitney Museum Bethesda of American Art Fountain & Terrace NYC W 72nd St REIT E 72nd St Cornell Medical Bandshell The Frick Museum College Henry Hudson Pkwy Hudson Henry Collection NYC $800 REIT LINCOLN New York ROOSEVELT Hospital ISLAND SQUARE Center Museum of Julliard Tavern On 5th Ave American The Green LENNOX West New School Folk Art 65th Street Transverse Rd 3rd Ave 3rd HILL Rockefeller York Lincoln The Zoo University Center Dairy $750 E 63rd St Abigail NY State Wollman E 62nd St Adams Smith

Theater Rink House Museum 2nd Ave 2nd Henry Hudson Pkwy Hudson Henry E 61st St

Fdr Fdr Dr E 60th St Fordham Queensboro Brg Conn Queensboro mbus Univ u Ci Central Park S l r o Brdg C W 58th St Plaza Hotel Plz Army Grand $700 NYC W 57th St E 57th St REIT NY Convention Trump & Visitors Carnegie Tower Bureau Hall E 53rd St Museum of TV & Radio American Craft Museum St Patricks $650 Passenger Cathedral Ship Terminal Radio City

Music Hall Ave First Waldorf - Rockefeller Astoria Hotel E 48th St TIMES Center Rockefeller Plz NYC

Intrepid 8th Ave Sea-Air-Space SQUARE REIT MIDTOWN Museum

9th Ave Grand $600 NYC Central United REIT Vanderbilt Ave Nations

12th Ave 11th Ave

7th Ave Chrysler

Park Ave Park W 42nd St United Nations Plz

Weehawken Building E 42nd St Queens Midtown Tunnel Dyer Ave Dyer

10th Ave E 40th St

Lincoln Tunnel The Americas OfAvenue NY Public MURRAY Lincoln Tunnel Library $550 W 39th St GARMENT HILL Ferry HELLS W 38th St Pierpont Terminal DISTRICT Morgan Secaucus Jacob Javits KITCHEN Library Convention Center

Fashion Ave Fashion Empire State

Park Ave Park 1st Ave 1st Dyer Ave W 34th St Building General E 34th St Post O ce Madison Square $500 Garden NYU W 31st St Ave 3rd Penn Ave 2nd Medical Station W 30th St 8th Ave Center

Chelsea MIDTOWN KIP'S Park SOUTH E 28th St BAY Union Bellevue $450 City CENTRAL Hospital

Madison E 25th St Square VA

7th Ave Park Hospital W 23rd St E 23rd St

CHELSEA S Ave Park $400 FLATIRON Theodore DISTRICT Roosevelt Gramercy STUYVESANT Birthplace Park TOWN Union GRAMERCY Square PARK

11th Ave Avenue Union Sq E E 15th St

W 14th St The Americas OfAvenue E 14th St $350 Union SqW E 14th St Greenwich Ave GREENWICH Ukranian VILLAGE Museum

Stevens Institute Ave 4th St Marks E 9th St Church

of Technology Ct Lafayette W 8th St 8th St Cooper Saint Marks Pl Tompkins $300 Union Square Astor Pl Landmark 7th Ave S Ave 7th Washington EAST WEST Bleecker St Sq N Washington Washington Pl VILLAGE VILLAGE Washington SqW Square

Washington Sq S Washington Sq E Cooper Sq E 4th St E 4th Walk Hoboken New York

Christopher St University

Avenue D Avenue

Avenue A Avenue Avenue $250 C Avenue

Greenwich St Greenwich NOHO E Houston St Varick St Laguardia Pl Hudson St

Clinton St

Columbia St

FDR Dr Prince St of Contemporary Mulberry St W Houston St Art Sarah D Rivington St

Allen St Roosevelt Delancey St Lafayette St Lafayette Pkwy Williamsburg Brdg

Delancey St $200 Americas The

NYC Fire Of Avenue Delancey St Museum SOHO Kenmare St Cleveland Pl Cleveland LITTLE Broome St Tenement ITALY Museum

Canal St Grand St BOWERY West St West Watts St Seward Holland Tunnel W Park LOWER $150 EAST Corlears

Varick St Varick SIDE Hook Park Chinese Front St Alternative E Broadway Museum CHINATOWN History Museum Pike St

Brooklyn $100 South St Duane St Support US Court House Park Row Activity Manhattan Brdg Chambers St City Hall Avenue Of The Finest Saint James Pl

NYC Kearny Woolworth Barclay St Church St REIT $50 Bldg Park Row Brdg Natl WTC 9/11 Fulton St Memorial North Cove Maiden Ln Yacht Harbor Liberty St Pearl St Liberty Plz Liberty Federal Reserve $0 American Bank South Stock Ex Greenwich St Street Jersey BATTERY New York

Trinity Pl Trinity Stock Ex Wall St Seaport PARK Ferry City Water St Terminal CITY Exchange Aly 2Q ‘14 3Q ‘14 4Q ‘14 1Q ‘15 2Q ‘15 3Q ‘15 4Q ‘15 1Q ‘16 2Q ‘16 3Q ‘16 4Q ‘16 1Q ‘17 Morris St Saint Peters St Greenwich Brooklyn College Battery Pl US Whitehall St FINANCIAL Custom State St Battery House DISTRICT Park Cumulative Cost Basis ($MMs) Nat'l Monument Ferry Terminal Ferry Terminal

Brooklyn Battery Tunnel

PORTFOLIO HIGHLIGHTS (As of March 31, 2017) National Monument

Property Highlights Financial Highlights Support Center 1

Jersey City Real Estate Investments $746.5 million Number of Properties State College 6 Nat'l Monument 2 Leverage Ratio KINGS 31% Square Feet 1.01 million Distribution Information Percentage Leased Newark 86.7% Distribution Rate3 6.05% Weighted Avg. Remaining Lease Term (Yrs.) 6.1 (as of March 31, 2017) Distribution Frequency Monthly

1 Total real estate investments, at cost as of March 31, 2017 as recorded on ARC NYCR balance sheet. 2 Calculated as total debt outstanding net of deferred financing costs divided by total real estate investments at cost. 3 Annualized Distribution Rate is calculated based upon distributions of $1.51 per share per annum (calculated by annualizing the daily distribution rate as of March 31, 2017) divided by the initial public offering per share price of $25.00, or 6.05%. Based on ARC NYCR Estimated Per-Share NAV of $21.25 as of June 30, 2016, the annualized distribution yield is 7.1%.

SHAREHOLDER COMMUNICATION - NOT FOR USE AS SALES MATERIAL Manhattan College BRONX

Tenay Williamsbridge N Park

Knickerbocker CC

Englewood Clis NEW YORK

Bronx Englewood Zoo INWOOD Henry Hudson Pkwy W 207th St New York University

Dyckman St 10th Ave 10th New York University Nagle Ave

The Bronx Cloisters

Margaret Corbin Rd

Fort George Ave

Teaneck Cabrini Blvd Cabrini

Riverside Dr Palisades Park FORT W 187th StGEORGE

Saint Nicholas Ave Washington Brdg

Henry Hudson Pkwy W 181st St

Alexander Hamiliton Trans Mahattan Exwy Brdg

W 177th St

George Washington Brdg Blvd Cabrini Riverside Dr Riverside Leonia WASHINGTON HEIGHTS

Presbyterian

Hospital Dr River Harlem Riverside Dr Riverside

Fort Fort Washington Ave Washington Fort Lee Edward M Morgan Pl

Riverside DrW Edgecombe Ave W 158th St

Riverside Dr

W 155th St Yankee Frederick Douglass Blvd Frederick Macombs Stadium Dam Brdg

HAMILTON

8th Ave Palisades Dr Riverside HEIGHTS Park (Sugar Hill)

Ridgeeld Edgecombe Ave Edgecombe W 145th St 145th St Park Brdg

Riverside Dr

W 138th St E 138th St Harlem

Hospital Saint Nicholas Ave Nicholas Saint Adam Clayton Powell Jr Blvd Clayton Adam Powell Center WEST Ave Convent W 135th St E 135th St HARLEM City College CENTRAL of New York HARLEM

Marginal St

Manhattanville

5th Ave Third Ave 12th Ave E 130th St Saint Clair Pl

Malcolm X Blvd

Second Ave Cliside E 128th St Willis Ave Ridgeeld Edgewater E 127th St Brdg Park W 125th St E 126th St E 125th St Triborough Brdg Hancock Pl

Frederick DouglassFrederick Blvd Little General Grant E 124th St QUEENS Ferry Nat'l Monument Seminary Row

120th St Mount Morris Park W Park Morris Mount Downing

Henry Hudson Pkwy Hudson Henry Stadium MORNINGSIDE Dr Morningside HEIGHTS Barnard Sewage College Disposal W 116th St Morningside Ave W 116th St Manhattan E 116th St Plant Columbia University Laguardia - E 34Th St

Cathedral Fairview of St John Laguardia The Divine EAST - Wall St

W 110th St Frederick Cathedral Pkwy Manhattan Ave Manhattan Central Park N E 110th St HARLEM Douglass Cir (El Bario) Frawley Cir

Lasker Rink Triborough Brdg & Pool

Moonachie W 106th St Amsterdam Ave E 106th St Manhattan Museo Psychiatric Center Del Barrio

Broadway Museum of The

City Of New York FDR Dr FDR

Mt Sinai Hospital Metropolitan

Riverside Dr Riverside 97th St Transverse Rd Hospital Henry Hudson Pkwy Hudson Henry W 96th St Tennis Madison Ave E 96th St Courts

Jewish Museum

UPPER Ferry Cooper Hewitt Terminal WEST Museum E 90th St Soldiers and Gracie SIDE Guggenheim Sailors 86th St Transverse Rd Mansion Carlstadt Monument Museum Queens

North Central Ave Lexington

Park Ave Park Bergen W 86th St Park E 86th St 1st Ave YORKVILLE Children's Museum Metropolitan UPPER Riverside Museum Of Art EAST Park Delecorte

CentralW Park Columbus Ave W 81st St Theater SIDE Obelisk Hayden American W 79th St Planetarium Museum Of

E 79th St Ave York Natural HistoryBelvedere Guttenberg Castle 79th St Transverse Rd W 77th St Boat House

W End Ave New York Historical Society Whitney Museum Bethesda of American Art Fountain & Terrace W 72nd St E 72nd St Cornell Asia Society Medical Bandshell The Frick Museum College Henry Hudson Pkwy Hudson Henry Collection LINCOLN New York ROOSEVELT SQUARE Hospital ISLAND Center Museum of Julliard Tavern On 5th Ave American The Green LENNOX West New School Folk Art 65th Street Transverse Rd 3rd Ave 3rd HILL Rockefeller York Lincoln The Zoo University Center Dairy E 63rd St Abigail NY State Wollman E 62nd St Adams Smith

Theater Rink House Museum 2nd Ave 2nd Henry Hudson Pkwy Hudson Henry E 61st St

Fdr Fdr Dr E 60th St Fordham Queensboro Brg Conn Queensboro mbus Univ u Ci Central Park S l r o Brdg C W 58th St Plaza Hotel Plz Army Grand W 57th St E 57th St NY Convention Trump & Visitors Carnegie Tower Bureau Hall Museum Of Modern Art E 53rd St Museum of TV & Radio American Craft Museum St Patricks Passenger Cathedral Ship Terminal Radio City

Music Hall Ave First Waldorf - Rockefeller Astoria Hotel

E 48th St Center Rockefeller Plz

Intrepid 8th Ave Sea-Air-Space TIMES MIDTOWN Museum 9th Ave SQUARE Grand Central United Vanderbilt Ave Nations

12th Ave 11th Ave

7th Ave Chrysler

Park Ave Park W 42nd St United Nations Plz

Weehawken Building E 42nd St Queens Midtown Tunnel Dyer Ave Dyer

10th Ave Bryant Park E 40th St

Lincoln Tunnel The Americas OfAvenue NY Public MURRAY Lincoln Tunnel Library W 39th St W 38th St GARMENT HILL Ferry HELLS Pierpont Terminal DISTRICT Morgan Secaucus Jacob Javits KITCHEN Library Convention Center

Fashion Ave Fashion Empire State

Park Ave Park 1st Ave 1st Dyer Ave W 34th St Building General E 34th St Post O ce Madison Square Garden NYU W 31st St Ave 3rd Penn Ave 2nd Medical Station W 30th St 8th Ave Center

Chelsea MIDTOWN KIP'S Park SOUTH E 28th St BAY Union Bellevue City CENTRAL Hospital

Madison E 25th St Square VA

7th Ave Park Hospital W 23rd St E 23rd St

CHELSEA S Ave Park FLATIRON Theodore STUYVESANT DISTRICT Roosevelt Gramercy Birthplace Park TOWN GRAMERCY Union Square PARK

11th Ave Avenue C Avenue Union Sq E E 15th St

W 14th St The Americas OfAvenue E 14th St Union SqW E 14th St

Greenwich Ave Ukranian GREENWICH Museum VILLAGE New York, NY

Stevens Institute Ave 4th St Marks E 9th St Church PROPERTY SPOTLIGHT 123of Technology WILLIAM STREET Ct Lafayette W 8th St 8th St Cooper Saint Marks Pl Tompkins Astor Pl Union Square Landmark 7th Ave S Ave 7th Washington EAST WEST Bleecker St Sq N Washington Washington Pl VILLAGE VILLAGE Washington SqW Square

Washington Sq S Washington Sq E Cooper Sq E 4th St OVERVIEW PROPERTY AT A GLANCE E 4th Walk Hoboken New York Christopher St University

On March 27, 2015, ARC NYCR acquired 123 William Street, an institutional-quality office property, located D Avenue

Avenue A Avenue Avenue B Avenue Address 123 William Street C Avenue

in for $253 million. 123 William Street contains approximately 543,000 rentable square feet St Greenwich NOHO E Houston St Varick St Laguardia Pl Hudson St New York, NY 10038 and is currently 93% leased. Clinton St

Columbia St

FDR Dr Prince St New Museum of Contemporary Mulberry St W Houston St Art Sarah D Rivington St Gross Leasable Area 542,676 square feet Allen St Roosevelt Delancey St Lafayette St Lafayette Pkwy Williamsburg Brdg

SELECT TENANT PROFILES Delancey St The Americas The

NYC Fire Of Avenue Delancey St Museum SOHO Kenmare St Bowery

The Social Security Administration is an independent agency of the United States federal government Pl Cleveland Purchase Price $253.0 millionLITTLE Broome St that administers Social Security, a social insurance program consisting of retirement, disability, and Tenement ITALY Museum

Canal St Grand St BOWERY survivors’ benefits. St West Watts St Seward

Acquisition Date W Broadway March 27, 2015 Holland Tunnel Park LOWER EAST The Institute for Career Development is a New York based not-for-profit workforce development Corlears

Varick St Varick SIDE Hook Occupancy 93.1% Park organization whose mission is to help people transform their lives through career development and Chinese Front St Alternative CHINATOWN E Broadway Museum History employment. Museum Pike St

The New York City Human Resources Administration was created in 1996 to provide the City Brooklyn South St of New York with high-quality youth and family programming. Their central task is administering Duane St Support US Court House Park Row Activity Manhattan Brdg available City, state, and federal funds to effective community-based organizations. Chambers St

TRIBECA City Hall Avenue Of The Securities Training Corporation is a leading provider of securities exam training and education founded in The Finest Saint James Pl Kearny Woolworth 1969. The firm maintains offices in New York, Boston, San Francisco, and Chicago in addition to an extensive Barclay St Church St Bldg Park Row Brooklyn Brdg online platform. NYC Natl REIT WTC 9/11 Fulton St Memorial McAloon & Friedman, P.C. serves the legal needs of health care professionals and institutions in the New North Cove Maiden Ln Yacht Harbor Liberty St Pearl St Liberty Plz Liberty Federal York area. The firm has provided a full range of legal services and advice related to the practice of medicine Reserve American Bank South Stock Ex Greenwich St Street for more than Jersey60 years. BATTERY New York

Trinity Pl Trinity Stock Ex Wall St Seaport PARK Ferry City CITY Exchange Aly Water St Terminal Morris St LOCATION SUMMARY Saint Peters The property is located in Lower Manhattan, also called the Financial District. In addition to Chinatown, St Greenwich Brooklyn College Battery Pl FINANCIAL US Whitehall St Little Italy and Battery Park, Lower Manhattan is home to as well as the World Trade Center. Custom State St DISTRICT Battery House Park Castle Clinton Nat'l Monument Ferry Terminal Ferry Terminal

For more information on ARC NYCR, please visit the company website, www.newyorkcityreit.com or call our Investor Services department at 866-902-0063. Brooklyn Battery Tunnel The information included herein should be read in connection with your review of ARC NYCR’s Quarterly Report on Form 10-Q for the quarter ended

March 31, 2017, as filed with the U.S. Securities and Exchange Commission (“SEC”) on MayEllis Island11, 2017. National Forward-Looking Statement Disclosure Monument

The statements in this report include statements regarding the intent, belief or current expectations of ARC NYCR and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,” “will,” “seeks,” “strives,” “anticipates,” “believes,” Governors Island “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Actual results may differ materially from those contemplated by suchSupport forward-looking Center statements due to certain factors, including those set forth in the Risk Factors section of ARC NYCR’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC on March 28, 2017 and any subsequent Quarterly Reports on Form 10-Q, which are available at the SEC’s website at www.sec.gov. Further, forward-looking statements speak only as of the date they are made, and ARC NYCR undertakes no obligation to update or revise forward-looking statements to reflect

Jersey City changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. State College Prospect Park Statue Of Liberty Nat'l Monument KINGS

Newark