Manhattan College BRONX
Tena y Williamsbridge N Park
Knickerbocker CC SECOND QUARTER 2019 REPORT
Englewood Cli s NEW YORK
Bronx SECOND QUARTER 2019 UPDATEEnglewood Zoo INWOOD Henry Hudson Pkwy W 207th St New York University
Dyckman St Over the past year our repositioning and leasing efforts have resulted in overall occupancyAve 10th acrossNew York the New York City REIT, Inc. University Nagle Ave
The Bronx Cloisters
(“NYCR”) portfolio improving from 89.8% as of June 30, 2018 to 94.7% as of JuneMargaret 30, 2019. The significant occupancy level Corbin Rd
improvements at 9 Times Square and 123 William Street, which increased to 92.3% andFort George Ave 97.7%, respectively, from 74.4% and
Teaneck Cabrini Blvd Cabrini
Riverside Dr 94.7%, are key contributors to this Palisadesoverall improvement. Park FORT W 187th StGEORGE
Management continues to work closely with leasing agents, commercial brokers, tenantsSaint Nicholas Ave and property managers to lease up Washington Brdg
Henry Hudson Pkwy W 181st St
Alexander Hamiliton vacant space, pursue potential acquisitions and fortify our existing tenant relationships.Trans Mahattan Exwy SuccessfulBrdg execution of the lease-up W 177th St
George Washington Brdg Blvd Cabrini
strategy continues to require upfront costs, mainly in the form of leasing commissionsDr Riverside and tenant improvements, which are used Leonia WASHINGTON to attract tenants to sign new leases. We expect these initial investments to provide long-termHEIGHTS benefits for the company and our Presbyterian
Hospital Dr River Harlem
shareholders as increased occupancy levels and net operating income will improve the value of the portfolio as we prepare for an Riverside Dr Riverside
Fort Fort Washington Ave Washington Fort Lee Edward M Morgan Pl
Riverside DrW eventual liquidity event. Edgecombe Ave W 158th St
Riverside Dr
W 155th St Yankee Frederick Douglass Blvd Frederick Macombs Stadium As of June 30, 2019, our portfolio consisted of seven properties, one located in Brooklyn and theDam Brdgother six located in Manhattan,
HAMILTON
8th Ave Palisades Dr Riverside HEIGHTS the financial capital of the world and the epicenterPark of commerce among New York City’s(Sugar Hill) five boroughs. These assets comprise Ridge eld
W 145th St Ave Edgecombe Park 145th St more than one million square feet. Overall, our weighted average lease term remaining was 6.1 yearsBrdg 1 and our net leverage 3 Riverside Dr remains low at 33% , providing room for potential portfolio growth. Additionally, during the secondW 138th St quarter, 35,121 square feet E 138th St Harlem
Hospital Saint Nicholas Ave Nicholas Saint Adam Clayton Powell Jr Blvd ClaytonAdam Powell Center 1 WEST Ave Convent W 135th St E 135th St HARLEM City College CENTRAL of new leases commenced with a weighted average lease term of 8.0 years. of New York HARLEM
Marginal St
Manhattanville
5th Ave Third Ave 12th Ave E 130th St Saint Clair Pl
Malcolm X Blvd
Second Ave Cli side E 128th St Willis Ave Ridge eld Edgewater E 127th St Brdg Park W 125th St E 126th St E 125th St Triborough Brdg Hancock Pl PORTFOLIO HIGHLIGHTSLittle DouglassFrederick Blvd E 124th St (As of June 30, 2019) General Grant 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 Property Highlights Financial HighlightsColumbia University Laguardia - E 34Th St
Cathedral Fairview of St John Laguardia The Divine 2 EAST - Wall St W 110th St Frederick Cathedral Pkwy Manhattan Ave Manhattan Central Park N E 110th St HARLEM Douglass Cir (El Bario) Number of Properties 7 Real Estate Investments Frawley Cir $777 million
Lasker Rink Triborough Brdg & Pool
Moonachie W 106th St Amsterdam Ave E 106th St Manhattan Museo Psychiatric Center 3 Del Barrio
Broadway Museum of The City Of New York Rentable Square Feet 1.1 million Net Leverage Dr FDR 33%
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 Occupancy 94.7% Weighted Average EffectiveCourts Interest Rate 4.41%
Jewish Museum
UPPER Ferry Cooper Hewitt Terminal 1 WEST Museum E 90th St Soldiers and Gracie SIDE Guggenheim Sailors 86th St Transverse Rd Mansion Weighted Avg. Remaining CarlstadtLease Term (Yrs.) 6.1 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 2 Hayden American W 79th St Planetarium Museum Of
E 79th St Ave York Natural HistoryBelvedere REAL ESTATE INVESTMENTS (in millions) Guttenberg PROPERTYCastle 79th St Transverse Rd MAP 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 Asia Society Medical Bandshell The Frick Museum College Henry Hudson Pkwy Hudson Henry Collection NYC REIT $800 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 E 63rd St Abigail $750 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 NYC W 57th St E 57th St REIT NY Convention Trump $700 & Visitors Tower Carnegie Bureau Hall Museum Of Modern Art E 53rd St Museum of TV & Radio American Craft Museum St Patricks Passenger Cathedral Ship Terminal Radio City
$650 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 NYC Central United $600 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 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 KITCHEN DISTRICT Morgan $550 Secaucus Jacob Javits 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 $500 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 $450 Square VA
7th Ave Park Hospital W 23rd St E 23rd St
CHELSEA S Ave Park FLATIRON Theodore DISTRICT Roosevelt Gramercy STUYVESANT Birthplace Park TOWN GRAMERCY $400 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 GREENWICH Ukranian $350 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 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
$300 Washington Sq S Washington Sq E Cooper Sq E 4th St NYC E 4th Walk Hoboken New York REIT
Christopher St University
Avenue D Avenue
Avenue A Avenue
Avenue B Avenue Avenue C Avenue
Greenwich St Greenwich NOHO E Houston St Varick St Laguardia Pl Hudson St
Clinton St
Columbia St
FDR Dr Prince St New Museum of $250 Contemporary Mulberry St W Houston St Art Sarah D Rivington St
Allen St Roosevelt Delancey St Lafayette St Lafayette Pkwy Williamsburg Brdg
Delancey St The Americas The
NYC Fire Of Avenue Delancey St Museum SOHO Kenmare St Bowery Cleveland Pl Cleveland LITTLE Broome St Tenement ITALY Museum
$200 Canal St Grand St BOWERY West St West Watts St Seward Holland Tunnel W Broadway Park LOWER EAST Corlears
Varick St Varick SIDE Hook Park Chinese Front St Alternative E Broadway Museum CHINATOWN History $150 Museum Pike St Brooklyn South St Duane St Support US Court House Park Row Activity Manhattan Brdg Chambers St TRIBECA City Hall Avenue Of $100 The Finest Saint James Pl NYC Kearny Woolworth Barclay St Church St REIT Bldg Park Row Brooklyn Brdg Natl WTC 9/11 Fulton St Memorial North Cove Maiden Ln Yacht Harbor Liberty St Pearl St $50 Plz Liberty Federal Reserve 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 $0 Morris St Saint Peters St Greenwich Brooklyn College Battery Pl US Whitehall St FINANCIAL Custom State St Battery House DISTRICT Park Castle Clinton 2Q ‘16 3Q ‘16 4Q ‘16 1Q ‘17 2Q ‘17 3Q ‘17 4Q ‘17 1Q ‘18 2Q ‘18 3Q ‘18 4Q ‘18 1Q ‘19 2Q ‘19 Nat'l Monument Ferry Terminal Ferry Terminal Real Estate Investments2 ($MMs) Note: Map shows seven properties located in Manhattan including one property acquired subsequentBrooklyn Battery Tunnel to June 30, 2019.
Ellis Island National Medical officeMonument building in Brooklyn not pictured.
Governors Island 1 Weighted average remaining lease term in years based on annualized straight-line rent as of June 30, 2019. Support Center
2 Total real estate investments, at cost as of June 30, 2019, recordedJersey City on NYCR balance sheet. State College Prospect Park Statue Of Liberty 3 We define net leverage as total mortgage notes payable, gross less cash and cash equivalents dividedNat'l Monument by total real estate investments at cost as of June 30, 2019. Subsequent to June 30, 2019, we increased our borrowings by an additional $51.0 million in connectionKINGS with the acquisition of a property for an $88.8 million purchase price, and we do not currently anticipate incurring additional indebtedness secured by our existing properties. Newark Manhattan College BRONX
Tena y Williamsbridge N Park
Knickerbocker CC
Englewood Cli s 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)
Ridge eld 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 Cli side E 128th St Willis Ave Ridge eld 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 KITCHEN DISTRICT Morgan Secaucus Jacob Javits Library New York, NY Convention Center
Fashion Ave Fashion Empire State
Park Ave Park 1st Ave 1st Dyer Ave W 34th St Building PROPERTY SPOTLIGHT 196 Orchard Street General E 34th St Post O ce Madison Square Garden NYU W 31st St Ave 3rd Penn Ave 2nd Medical Station OVERVIEW W 30th St 8th Ave PROPERTY AT A GLANCECenter Chelsea MIDTOWN KIP'S New York City REIT, Inc. acquired a fee-simple interest in three condominiumPark units located atSOUTH E 28th St BAY Union Address 196 OrchardBellevue Street 196 Orchard Street in Manhattan for an aggregate contract sale price of approximately $89 million,CENTRAL Hospital City New York, NY 10002 excluding acquisition related costs. This acquisition was completed subsequent to quarter end and Madison E 25th St Square VA
will be the eighth in the portfolio. The condominium units consist of approximately 60,000 7th Ave rentable Park Hospital W 23rd St Gross Leasable AreaE 23rd St 60,297 square feet
square feet and are currently 100% leased to three high quality tenants. All CHELSEAthree are subject to rent S Ave Park escalators and have a weighted average remaining lease term of 13 years. FLATIRON Theodore STUYVESANT DISTRICTPurchaseRoosevelt Price Gramercy $88.8 million Birthplace Park TOWN TENANT PROFILES GRAMERCY Union PARK Marshalls is a department store chain founded in 1956. In 1995, the company was purchased AcquisitionSquare Date July 17, 2019
11th Ave Avenue C Avenue Union Sq E E 15th St
W 14th St The Americas OfAvenue E 14th St by The TJX Companies, Inc. (NYSE: TJX). With 1,081 stores across the United States, Union SqW E 14th St
Greenwich Ave Occupancy 100%Ukranian Marshalls is the country’s second largest off-price family apparel and home fashion retailer,GREENWICH Museum behind its sister company T.J. Maxx. VILLAGE
Stevens Institute Ave 4th St Marks E 9th St Church CVS is a retail pharmacy andof Technology healthcare company that is currently the largest pharmacy Ct Lafayette W 8th St 8th St Cooper Saint Marks Pl Tompkins Astor Pl Union Square chain in the United States by number of locations and total prescription revenue. CVS sells Landmark 7th Ave S Ave 7th Washington EAST WEST Bleecker St Sq N prescription drugs and a wide assortment of general merchandise, including over-the-counter Washington Washington Pl VILLAGE VILLAGE Washington SqW Square
Washington Sq S Washington Sq E Cooper Sq E 4th St drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, E 4th Walk Hoboken New York Christopher St University NYC greeting cards, and convenience foods through their retail stores and online through CVS.com. D Avenue
REIT
Avenue A Avenue
Avenue B Avenue Avenue C Avenue
Greenwich St Greenwich NOHO E Houston St Varick St Laguardia Pl Equinox is a luxury fitness company which operates several fitness brands: Equinox,Hudson St PURE
Clinton St
Columbia St
FDR Dr Yoga, Blink Fitness, and SoulCycle. Within Equinox’s portfolio of brands, there are more than Prince St New Museum of Contemporary Mulberry St W Houston St Art Sarah D Rivington St
Allen St 135 locations in every major city across the United States in addition to London, Toronto Roosevelt Delancey St Lafayette St Lafayette Pkwy Williamsburg Brdg
Delancey St The Americas The
and Vancouver. NYC Fire Of Avenue Delancey St Museum SOHO Kenmare St Bowery Cleveland Pl Cleveland LITTLE Broome St LOCATION SUMMARY Tenement ITALY Museum
Canal St Grand St BOWERY The property is strategically located on the Lower East Side’s busiest corner and surroundedSt West Watts St by the Seward Holland Tunnel W Broadway Park LOWER neighborhood’s most exciting offerings driving foot traffic to the retailers. It represents the gateway EAST Corlears
Varick St Varick SIDE Hook from the expanding SoHo-Nolita neighborhoods into the Lower East Side, which is increasingly Park Chinese Front St Alternative CHINATOWN E Broadway Museum History recognized for its lively restaurant scene, nightlife, attractions, and shopping destinations. Museum Pike St
Brooklyn South St For more information on New York City REIT, Inc., please visit the company website, www.newyorkcityreit.comDuane Stor call our Investor Relations department at Support US Court House Park Row Activity Manhattan Brdg 866-902-0063. Chambers St TRIBECA City Hall Avenue Of
The Finest Saint James Pl The information included herein should be read in connection with your review of NYCR’s Quarterly Report on Form 10-Q for the three months ended June 30, 2019, as Kearny Woolworth Barclay St Church St Bldg filed with the U.S. Securities and Exchange Commission (“SEC”) on August 14, 2019. Park Row Brooklyn Brdg Natl Forward-Looking Statement Disclosure WTC 9/11 Fulton St Memorial The statements in this report include statements regarding the intent, belief or current expectationsNorth Cove of NYCR and Maidenmembers Ln of its management team, as well as Yacht Harbor Liberty St Pearl St Liberty Plz Liberty Federal the assumptions on which such statements are based, and generally are identified by the use of words such as “may,”Reserve “will,” “seeks,” “strives,” “anticipates,” American Bank South Stock Ex Greenwich St Street Jersey“believes,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. ActualBATTERY results may differ Newmaterially York from those contemplated by such
Trinity Pl Trinity Stock Ex Wall St Seaport forward-looking statements due to certain factors, including those set forth in the Risk Factors sectionPARK of NYCR’s most recent AnnualFerry Report on Form 10-K filed on City CITY Exchange Aly Water St Terminal March 15, 2019 and any subsequent Quarterly Reports on Form 10-Q, which are available at the SEC’s website at www.sec.gov.Morris St Forward-looking statements speak only as of the date they are made, and NYCR undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of
Saint Peters unanticipated events or changes to future operating results over time, unless required by law. St Greenwich Brooklyn College Battery Pl FINANCIAL US Whitehall St Custom State St DISTRICT Battery House Park Castle Clinton Nat'l Monument Ferry Terminal Ferry Terminal
Brooklyn Battery Tunnel
Ellis Island National Monument
Governors Island Support Center
Jersey City State College Prospect Park Statue Of Liberty Nat'l Monument KINGS
Newark