Manhattan College BRONX

Tenay Williamsbridge N Park American Realty Capital FIRST QUARTER 2018 REPORT

Knickerbocker New York City REIT CC

Englewood Clis NEW FIRST QUARTER 2018 UPDATE YORK Bronx Englewood Zoo INWOOD Henry Hudson Pkwy W 207th St New York American Realty Capital New York City REIT, Inc. (“ARC NYCR”) continues to work closelyUniversity with leasing agents, commercial

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

brokers, tenants and property managers to lease up vacant space, pursue potentialThe acquisitions and maintain ourBronx existing Cloisters

Margaret tenant relationships. A key objective of management in the near-term is to Corbinlease-up Rd the portfolio. Successful execution of

Fort George Ave

this strategy will requireTeaneck some upfront costs, mainly in the form of leasing commissions and tenant improvements, which are Cabrini Blvd Cabrini

Riverside Dr Palisades Park FORT used to attract tenants to sign new leases. However, these initial investments areW 187th StGEORGEexpected to provide long-term benefits to the

shareholders as increased occupancy levels and net operating income will improve Saint Nicholas Ave theWashington value Brdg of the portfolio. Henry Hudson Pkwy W 181st St

Alexander Hamiliton Trans Mahattan Exwy Brdg

dg W 177th St ngton Br

Our portfolio currently consists of six properties located in Manhattan, Blvd Cabrini the financial capital of the world and the

George Washi Riverside Dr Riverside Leonia WASHINGTON epicenter of commerce among New York City’s five boroughs. These assetsHEIGHTS comprise more than one million square

Presbyterian feet. As of March 31, 2018, portfolio occupancy was 88.0%, with the largestHospital increaseDr River Harlem in occupancy coming from

1 Riverside Dr Riverside

9 Times Square, which was 74% leased in comparisonFort to 56% leased in Q1 2017. The weighted average lease term Fort Washington Ave Washington Fort Lee Edward M Morgan Pl

Riverside DrW Edgecombe Ave remaining was 6.2 years and our leverage remains conservative at 31% debtW 158th St to cost, leaving significant balance sheet Riverside Dr

W 155th St Yankee Frederick Douglass Blvd Frederick Macombs Stadium capacity to grow the portfolio. Dam Brdg

HAMILTON

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

During the first quarter,Ridgeeld a new lease with CSC/Univeral Sports & Entertainment was executed at 9 Times Square for 8,780 Edgecombe Ave Edgecombe W 145th St 145th St Park Brdg

square feet, increasing annualized cash rent by $0.5 million. If the lease had commencedRiverside Dr in Q1 2018, it would have extended

W 138th St occupancy at the property to 74.4%. ARC NYCR also executed a lease extension at the Laurel E 138thCondominium St with Quik Harlem

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 Park garage for approximately 26,000 square feet. This will preserve an annualized ofcash New York rentHARLEM starting at $0.95 million with

Marginal St

Manhattanville

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

Malcolm X Blvd

Second Ave fixed bi-annual increases. 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 PORTFOLIO HIGHLIGHTS (As of March 31, 2018) 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 Property Highlights Financial Highlights - 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 2 (El Bario) Frawley Cir

Lasker Rink Triborough Brdg Number of Properties 6 Real Estate Investments& Pool $753 million Moonachie W 106th St Amsterdam Ave E 106th St Manhattan Museo Psychiatric Center Del Barrio

Broadway Museum of The City Of New York Rentable Square Feet 1.1 million Leverage Ratio3 Dr FDR 31% 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 88.0% Weighted Average Courts Jewish Museum

UPPER Ferry 4.50% Cooper Hewitt Terminal Museum WEST E 90th St Soldiers and SIDE Gracie Sailors 6th St Transverse Rd Guggenheim Mansion Effective Interst Rate8 Museum Weighted Avg. RemainingCarlstadt Lease Term (Yrs.) 6.2 Monument 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 2 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 Asia Society Medical Bandshell The Frick Museum College Henry Hudson Pkwy Hudson Henry Collection NYC REIT LINCOLN New York ROOSEVELT SQUARE Hospital ISLAND $800 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 $750 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 & Visitors Carnegie Tower $700 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 - $650 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 REIT Vanderbilt Ave Nations

12th Ave 11th Ave

7th Ave Chrysler

Park Ave Park $600 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 GARMENT HILL Ferry HELLS W 38th St Pierpont Terminal DISTRICT Morgan Secaucus Jacob Javits KITCHEN Library $550 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 $400 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 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 $300 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 B Avenue Avenue C Avenue

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

Clinton St

$250 Columbia St

FDR Dr Prince St New Museum 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 The Americas The

NYC Fire Of Avenue Delancey St Museum SOHO Kenmare St Bowery $200 Pl Cleveland LITTLE Broome St Tenement ITALY Museum

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 $150 CHINATOWN History Museum Museum Pike St

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

NYC Kearny Woolworth Barclay St Church St REIT Bldg Park Row Brooklyn Brdg Natl $50 WTC 9/11 Fulton St Memorial North Cove Maiden Ln Yacht Harbor Liberty St Pearl St Liberty 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 $0 City Water St Terminal CITY Exchange Aly Morris St

Saint Peters St Greenwich College Brooklyn Battery Pl FINANCIAL 1Q ‘15 2Q ‘153Q ‘15 4Q ‘15 1Q ‘16 2Q ‘163Q ‘16 4Q ‘16 1Q ‘172Q ‘173Q ‘17 4Q ‘17 1Q ‘18 US Whitehall St Custom State St Battery House DISTRICT Park Castle Clinton Nat'l Monument Ferry Terminal 1 Ferry Real Estate Investments ($MMs) Terminal

Brooklyn Battery Tunnel

1 Ellis Island Includes leases executed, but not yet commenced, as of March 31, 2018. National Monument 2 Total real estate investments, at cost as of March 31, 2018, recorded on ARC NYCR balance sheet.

Governors Island 3 Calculated as total debt outstanding net of deferred financing costs divided by total real estate investments at cost.Support Center

Jersey City State College Prospect Park Statue Of Liberty SHAREHOLDER COMMUNICATIONNat'l Monument - NOT FOR USE AS SALES MATERIAL KINGS

Newark 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

4th Ave 4th New York, NY Stevens Institute NewSt Marks York, NY E 9th St Church

of Technology Ct Lafayette W 8th St 8th St Cooper Saint Marks Pl Tompkins Astor Pl Union Square Landmark PROPERTY SPOTLIGHT 123 William Street 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

OVERVIEW ChristopherPROPERTY St AT A GLANCEUniversity

Avenue D Avenue

Avenue A Avenue Avenue B Avenue ARC NYCR acquired 123 William Street, an institutional-quality office property, located in lower C Avenue

AddressSt Greenwich 123 WilliamNOHO Street E Houston St Varick St Laguardia Pl Manhattan for $253 million. 123 William Street contains approximately 543,000 rentable square Hudson St

Clinton St New York, NY 10038 Columbia St

FDR Dr Prince St New Museum of feet and will be 94.7% leased once the Knotel lease commences. Contemporary Mulberry St W Houston St Art Sarah D Rivington St

Allen St Roosevelt Delancey St Gross Leasable Area 542,676 squareSt Lafayette feet Pkwy Williamsburg Brdg

Delancey St The Americas The

SELECT TENANT PROFILES NYC Fire Of Avenue Delancey St Museum SOHO Kenmare St Bowery Knotel runs a network of custom locations with adaptable environments and on-demand Pl Cleveland LITTLE Broome St Purchase Price $253.0 million Tenement ITALY Museum

headquarters that cater to modern business needs. With almost 600k square feet in New York Canal St Grand St BOWERY West St West Watts St Seward W Broadway LOWER City and its first location in San Francisco, Knotel is the leader in flexible officeHolland for Tunnel established Park Acquisition Date March 27, 2015 EAST companies. Corlears

Varick St Varick SIDE Hook Park Chinese Front St Alternative CHINATOWN E Broadway The Social Security Administration Occupancy Museum 90.3% History is an independent agency of the United States federal Museum Pike St government that administers Social Security, a social insurance program consisting of retirement, disability, and survivors’ benefits. Brooklyn South St Duane St Support US Court House Park Row Activity The Institute for Career Development is a New York based not-for-profit workforce development Manhattan Brdg Chambers St

organization whose mission is to help people transform their lives through career development TRIBECA City Hall Avenue Of and employment. The Finest Saint James Pl Kearny Woolworth Barclay St Church St Bldg The New York City Human Resources Administration was created in 1996 to provide the Park Row NYC Brooklyn Brdg Natl REIT City of New York with high-quality youth and family programming. Their central task is WTC 9/11 Fulton St Memorial administering available City, state, and federal funds to effective community-based organizations. North Cove Maiden Ln Yacht Harbor Liberty St Pearl St Liberty Plz Liberty Federal Reserve McAloon & Friedman, P.C. serves the legal needs of health care professionals and institutions in American Bank South Stock Ex Greenwich St Street Jersey BATTERY New York

the New York area. The firm has provided a full range of legal services and advice related to the Pl Trinity Stock Ex Wall St Seaport PARK Ferry practice of medicineCity for more than 60 years. CITY Exchange Aly Water St Terminal Morris St LOCATION SUMMARY Saint Peters St Greenwich Brooklyn College Battery Pl FINANCIAL The property is located in Lower Manhattan, also called the Financial District. In addition to US Whitehall St Custom State St DISTRICT Battery House Chinatown, Little Italy and Battery Park, Lower Manhattan is home to Wall Street as well as the Park Castle Clinton World Trade Center. 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 Relations department at 866-902-0063. 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, 2018, Brooklyn Battery Tunnel as filed with the U.S. Securities and Exchange Commission (“SEC”) on May 14, 2018.

Forward-Looking Statement Disclosure Ellis Island National 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,” “estimates,” “expects,” “plans,” “intends,” “should” or similar expressions. Actual results may differ materially from those contemplated by such forward-

looking statements due to certain factors, including those set forth in the Risk Factors section of ARC NYCR’s Annual Report on Form 10-KGovernors for the Island year ended December 31, 2017, as filed with the SEC on March 19, 2018 and any subsequent Quarterly Reports on Form 10-Q, which are available at the SEC’sSupport Centerwebsite 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 changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Jersey City State College Prospect Park Statue Of Liberty Nat'l Monument KINGS

Newark