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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)&nbsp;of
the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest event reported):
<B>March 21, 2012 (March 16, 2012)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>American Realty Capital New York Recovery
REIT, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maryland</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction of Incorporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 50%; vertical-align: top; padding-right: 0.8pt; font-weight: bold; text-align: center"><B>333-163069</B></TD>
    <TD STYLE="width: 2%; vertical-align: bottom; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 48%; vertical-align: top; padding-right: 0.8pt; font-weight: bold; text-align: center"><B>27-1065431</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.8pt 0pt 0; text-align: center"><B>405 Park Avenue</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.8pt 0pt 0; text-align: center"><B>New York, New York 10022</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 2.8pt; text-align: center">(Address, including zip code, of Principal Executive Offices)&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 2.8pt; font-weight: bold; text-align: center"><B>(212) 415-6500</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 2.8pt; text-align: center">(Registrant&rsquo;s Telephone Number, Including Area Code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 2.8pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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    <TD STYLE="width: 95%; padding-right: 0.8pt; padding-left: 9pt">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
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    <TD STYLE="padding-right: 0.8pt; padding-left: 9pt"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="padding-right: 0.8pt; padding-left: 9pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
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    <TD STYLE="padding-right: 0.8pt; padding-left: 9pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
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    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
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    <TD STYLE="padding-right: 0.8pt; padding-left: 9pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01. Entry into a Material Definitive Agreement. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>1100 Kings Highway</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 19, 2012, the board of directors
of American Realty Capital New York Recovery REIT, Inc. (the &ldquo;Company&rdquo;) approved the Company&rsquo;s entry, through
its sponsor, into a purchase and sale agreement to acquire the fee simple interest in three parcels of real estate located at 1100
Kings Highway in Brooklyn, New York. The sellers of the property are 1100-1114 Kings Highway LLC, <FONT STYLE="color: black">2067-2073
Coney Island Avenue LLC</FONT> and <FONT STYLE="color: black">2067-2073 Coney Island Avenue LLC</FONT>. The sellers do not have
a material relationship with the Company and the acquisition is not an affiliated transaction.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the terms of the purchase and
sale agreement, the Company&rsquo;s obligation to close upon the acquisition is subject to its satisfactory completion of a due
diligence review of the property in addition to other customary conditions to closing. Although the Company believes that the acquisition
of the property is probable, there can be no assurance that the acquisition will be consummated. The purchase and sale agreement
contains customary representations and warranties by the sellers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The property contains 60,810 rentable square
feet, including four retail spaces and one office space. The property is 100% leased to five tenants&ndash; The Dress Barn Inc.
(a brand of Ascena Retail Group, Inc.) (NASDAQ: ASNA); JPMorgan Chase &amp; Co. (NYSE: JPM), which carries an investment grade
ratings as determined by major credit rating agencies; Annie Sez (a brand of Big M, Inc.); DEJ Associates, Inc. (known as Special
Touch Home Care Services, Inc.); and Home D&eacute;cor Furniture and Lighting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following table provides, for each of
the leases to the five major tenants, information relating to lease commencement and termination dates, approximate rentable square
footage and approximate annualized effective rental income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; border-bottom: black 1.5pt solid; font-weight: bold; text-align: center">Tenant</TD>
    <TD STYLE="width: 13%; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lease</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commencement</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date</B></P></TD>
    <TD STYLE="width: 13%; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lease</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Termination</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date</B></P></TD>
    <TD STYLE="width: 13%; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Approximate <BR>
Rentable Square</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Footage</B></P></TD>
    <TD STYLE="width: 13%; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Approximate</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Annualized</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Effective <BR>
Rental</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Income</B></P></TD>
    <TD STYLE="width: 13%; border-bottom: black 1.5pt solid; font-weight: bold; text-align: center">Rental <BR>
Escalations</TD>
    <TD STYLE="width: 13%; border-bottom: black 1.5pt solid; font-weight: bold; text-align: center">Renewal <BR>
Options</TD></TR>
<TR STYLE="background-color: rgb(153,204,255)">
    <TD STYLE="text-align: left; vertical-align: middle">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">JPMorgan Chase &amp; Co.</P></TD>
    <TD STYLE="text-align: center">June 2009</TD>
    <TD STYLE="text-align: center">March 2025</TD>
    <TD STYLE="text-align: center">6,385</TD>
    <TD STYLE="text-align: center">$660,000</TD>
    <TD STYLE="text-align: center">Rental escalation of 6% in the 6<SUP>th</SUP> year of the lease; rental escalation of 12.5% in the 11<SUP>th</SUP> year of the lease.</TD>
    <TD STYLE="text-align: center">Three five-year options</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Dress Barn Inc.</P></TD>
    <TD STYLE="text-align: center">March 2012</TD>
    <TD STYLE="text-align: center; padding-right: 2pt; padding-left: 2pt">June 2022</TD>
    <TD STYLE="text-align: center">13,692</TD>
    <TD STYLE="text-align: center">$726,100</TD>
    <TD STYLE="text-align: center">Rental escalation of 5.5% in the 6<SUP>th</SUP> year of the lease.</TD>
    <TD STYLE="text-align: center">Two five-year options</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(153,204,255)">
    <TD STYLE="text-align: left; vertical-align: middle">Big M, Inc.</TD>
    <TD STYLE="text-align: center">January 2008</TD>
    <TD STYLE="text-align: center">December 2017</TD>
    <TD STYLE="text-align: center">13,481</TD>
    <TD STYLE="text-align: center">$426,000</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Rental escalation of 10.0% in the 6<SUP>th</SUP>
        year of the lease.</P></TD>
    <TD STYLE="text-align: center">Four five-year options</TD></TR>
<TR STYLE="background-color: White">
    <TD STYLE="text-align: left; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: White">
    <TD>DEJ Associates, Inc.</TD>
    <TD STYLE="text-align: center">October 2008</TD>
    <TD STYLE="text-align: center">September 2018</TD>
    <TD STYLE="text-align: center">18,000</TD>
    <TD STYLE="text-align: center">$374,300</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;Rental escalation of 6.0%
in the 3<SUP>rd</SUP>, 5<SUP>th</SUP>, 7<SUP>th</SUP> and 9<SUP>th</SUP> years of the lease.</P></TD>
    <TD STYLE="text-align: center">None</TD></TR>
<TR STYLE="background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(153,204,255)">
    <TD STYLE="text-align: left; vertical-align: middle">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Home D&eacute;cor Furniture and Lighting</P></TD>
    <TD STYLE="text-align: center">October 2007</TD>
    <TD STYLE="text-align: center">September 2017</TD>
    <TD STYLE="text-align: center">9,252</TD>
    <TD STYLE="text-align: center">$165,500</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Annual rental escalations
of 2%.</P></TD>
    <TD STYLE="text-align: center">None</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The contract purchase price of the property
is approximately $36.7 million, exclusive of closing costs. The Company intends to fund 50% of the purchase price with proceeds
from its ongoing initial public offering and the remaining 50% with a first mortgage loan from a lender yet to be identified at
an estimated 50% loan-to-value ratio. There is no assurance that the Company will be able to secure financing on terms that it
deems favorable or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2.01. Completion of Acquisition or Disposition of Assets.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 16, 2012, the Company closed the
acquisition of the fee-simple interest in three commercial condominiums located at 350 West 42<SUP>nd</SUP> Street in the Midtown
neighborhood of Manhattan, New York. The Company acquired the property though an indirect wholly owned subsidiary of its operating
partnership. The seller of the property is Extell Orion Holdings LLC. The seller does not have a material relationship with the
Company and the acquisition is not an affiliated transaction.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The property is 100% leased to three tenants
and contains 41,772<FONT STYLE="color: black"> rentable square feet. The property consists of one parking garage unit (the &ldquo;Parking
Garage Unit&rdquo;) and two ground floor retail units (&ldquo;Retail Unit A&rdquo; and &ldquo;Retail Unit B,&rdquo; respectively).
</FONT>Subject to the tenant&rsquo;s right of first refusal, which expires on or about March 29, 2012, the Company will acquire
<FONT STYLE="color: black">one storage unit at the property (the &ldquo;Storage Unit&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Parking Garage Unit contains 34,979
rentable square feet and is currently leased to 42 Parking LLC. TMO Parent LLC (known as Icon Parking Systems) has guaranteed the
tenant&rsquo;s obligations under the lease and operates over 185 parking facilities in Manhattan. The Parking Unit includes space
for approximately 184 automobiles. The lease commenced in April 2007 and has a 20-year term, expiring in April 2027. The lease
contains fixed annual rental escalations of 2.2% during the primary lease term. The lease contains no renewal options. The annualized
rental income is approximately $1,049,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Retail Unit A contains 1,227 rentable square
feet and is currently master leased by the seller until the earlier of: (i) nine months from the date of closing of the acquisition
and (ii) the execution of a lease for Retail Unit A. Starbucks Corporation, which is rated by major credit rating agencies, has
executed a letter of intent for a 10-year lease (with an option to terminate in the 6<SUP>th</SUP> year of the lease term), which
would provide for annualized rental income of approximately $162,000. The lease would contain one fixed rental escalation of 10%
in the sixth year of the primary lease term. The lease would contain a one-time right by the tenant to terminate the lease on the
59<SUP>th</SUP> month of the lease term, if the tenant provides 210 days&rsquo; advance notice and pays to the Company, as landlord,
the amortized amount of all costs incurred in connection with the construction of Retail Unit A and certain other costs. The lease
would also contain one five-year renewal option. The current master lease with the seller provides for an annualized rental income
at the same level.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Retail Unit B contains 5,566 rentable square
feet and is currently leased to 350-42 Fruits &amp; Vegetables Corp. (known as Well Green Market II). The lease commenced in February
2012 and has a 15-year term, expiring in February 2027. The lease contains fixed annual rental escalations of 3.0% commencing in
the third year of the primary lease term. The lease contains no renewal options. The annualized rental income is approximately
$528,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Storage Unit contains 1,002 rentable
square feet and is currently leased to The Orion Condominium. The lease commenced in January 2011 and has a 30-year term, expiring
in December 2040. The lease contains fixed annual rental escalations of 2.0% during the primary lease term. The lease contains
one 19-year renewal option. The annualized rental income is approximately $48,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;The contract purchase price of the
property was approximately $19.8 million, exclusive of closing costs. The Company funded purchase price with proceeds from the
Company&rsquo;s ongoing initial public offering. The Company may seek to obtain financing on the property post-closing. However,
there is no assurance that the Company will be able to secure financing on terms that it deems favorable or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01. Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 21, 2012, the Company issued a
press release, attached hereto as Exhibit 99.1, announcing the closing of the Company&rsquo;s acquisition of the property located
at 350 West 42<SUP>nd</SUP> Street on March 16, 2012. The press release is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px">(a)(4)</TD>
    <TD>The audited and unaudited financial statements relating to the 350 West 42<SUP>nd</SUP> Street property described in Item 2.01, required by Rule 3-14 of Regulation&nbsp;S-X are not included in this Current Report on Form 8-K. The Company will file such financial statements with the U.S. Securities and Exchange Commission within 71 calendar days after the date that this Current Report on Form 8-K must be filed, or June 1, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72px">(d)&nbsp;</TD>
    <TD>Exhibits</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border-bottom: black 1.5pt solid; font-weight: bold">Exhibit No.</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 77%; border-bottom: black 1.5pt solid; font-weight: bold">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>99.1</TD>
    <TD>&nbsp;</TD>
    <TD>Press Release dated March 21, 2012</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 2.8pt; padding-left: 9pt; font-weight: bold"><B>AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 47%; padding-right: 0.8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">Date: March 21, 2012</TD>
    <TD STYLE="padding-right: 0.8pt; padding-left: 9pt">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding-right: 1.8pt">/s/ Nicholas S. Schorsch&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">Name:</TD>
    <TD STYLE="padding-right: 0.8pt">Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">Title:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">Chief Executive Officer and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">Chairman of the Board of Directors</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT INC", "cik": "0001474464", "assigned-sic": "6798", "irs-number": "271065431", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-163069", "film-number": "12707423"}, "business-address": {"street1": "405 PARK AVENUE", "street2": "15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "212 415 6500"}, "mail-address": {"street1": "405 PARK AVENUE", "street2": "15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
March 21, 2012 (March 16, 2012)
American Realty Capital New York Recovery
REIT, Inc.
(Exact Name of Registrant as Specified in
Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
333-163069
27-1065431
(Commission File Number)
(IRS Employer Identification No.)
405 Park Avenue
New York, New York 10022
(Address, including zip code, of Principal Executive Offices)
(212) 415-6500
(Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
1100 Kings Highway
On March 19, 2012, the board of directors
of American Realty Capital New York Recovery REIT, Inc. (the "Company") approved the Company's entry, through
its sponsor, into a purchase and sale agreement to acquire the fee simple interest in three parcels of real estate located at 1100
Kings Highway in Brooklyn, New York. The sellers of the property are 1100-1114 Kings Highway LLC,
2067-2073
Coney Island Avenue LLC
and
2067-2073 Coney Island Avenue LLC
. The sellers do not have
a material relationship with the Company and the acquisition is not an affiliated transaction.
Pursuant to the terms of the purchase and
sale agreement, the Company's obligation to close upon the acquisition is subject to its satisfactory completion of a due
diligence review of the property in addition to other customary conditions to closing. Although the Company believes that the acquisition
of the property is probable, there can be no assurance that the acquisition will be consummated. The purchase and sale agreement
contains customary representations and warranties by the sellers.
The property contains 60,810 rentable square
feet, including four retail spaces and one office space. The property is 100% leased to five tenants– The Dress Barn Inc.
(a brand of Ascena Retail Group, Inc.) (NASDAQ: ASNA); JPMorgan Chase & Co. (NYSE: JPM), which carries an investment grade
ratings as determined by major credit rating agencies; Annie Sez (a brand of Big M, Inc.); DEJ Associates, Inc. (known as Special
Touch Home Care Services, Inc.); and Home Décor Furniture and Lighting.
The following table provides, for each of
the leases to the five major tenants, information relating to lease commencement and termination dates, approximate rentable square
footage and approximate annualized effective rental income.
Tenant
Lease
Commencement
Date
Lease
Termination
Date
Approximate
Rentable Square
Footage
Approximate
Annualized
Effective
Rental
Income
Rental
Escalations
Renewal
Options
JPMorgan Chase & Co.
June 2009
March 2025
6,385
$660,000
Rental escalation of 6% in the 6
th
year of the lease; rental escalation of 12.5% in the 11
th
year of the lease.
Three five-year options
The Dress Barn Inc.
March 2012
June 2022
13,692
$726,100
Rental escalation of 5.5% in the 6
th
year of the lease.
Two five-year options
Big M, Inc.
January 2008
December 2017
13,481
$426,000
Rental escalation of 10.0% in the 6
th
year of the lease.
Four five-year options
DEJ Associates, Inc.
October 2008
September 2018
18,000
$374,300
Rental escalation of 6.0%
in the 3
rd
, 5
th
, 7
th
and 9
th
years of the lease.
None
Home Décor Furniture and Lighting
October 2007
September 2017
9,252
$165,500
Annual rental escalations
of 2%.
None
The contract purchase price of the property
is approximately $36.7 million, exclusive of closing costs. The Company intends to fund 50% of the purchase price with proceeds
from its ongoing initial public offering and the remaining 50% with a first mortgage loan from a lender yet to be identified at
an estimated 50% loan-to-value ratio. There is no assurance that the Company will be able to secure financing on terms that it
deems favorable or at all.
Item 2.01. Completion of Acquisition or Disposition of Assets.
On March 16, 2012, the Company closed the
acquisition of the fee-simple interest in three commercial condominiums located at 350 West 42
nd
Street in the Midtown
neighborhood of Manhattan, New York. The Company acquired the property though an indirect wholly owned subsidiary of its operating
partnership. The seller of the property is Extell Orion Holdings LLC. The seller does not have a material relationship with the
Company and the acquisition is not an affiliated transaction.
The property is 100% leased to three tenants
and contains 41,772
rentable square feet. The property consists of one parking garage unit (the "Parking
Garage Unit") and two ground floor retail units ("Retail Unit A" and "Retail Unit B," respectively).
Subject to the tenant's right of first refusal, which expires on or about March 29, 2012, the Company will acquire
one storage unit at the property (the "Storage Unit").
The Parking Garage Unit contains 34,979
rentable square feet and is currently leased to 42 Parking LLC. TMO Parent LLC (known as Icon Parking Systems) has guaranteed the
tenant's obligations under the lease and operates over 185 parking facilities in Manhattan. The Parking Unit includes space
for approximately 184 automobiles. The lease commenced in April 2007 and has a 20-year term, expiring in April 2027. The lease
contains fixed annual rental escalations of 2.2% during the primary lease term. The lease contains no renewal options. The annualized
rental income is approximately $1,049,000.
Retail Unit A contains 1,227 rentable square
feet and is currently master leased by the seller until the earlier of: (i) nine months from the date of closing of the acquisition
and (ii) the execution of a lease for Retail Unit A. Starbucks Corporation, which is rated by major credit rating agencies, has
executed a letter of intent for a 10-year lease (with an option to terminate in the 6
th
year of the lease term), which
would provide for annualized rental income of approximately $162,000. The lease would contain one fixed rental escalation of 10%
in the sixth year of the primary lease term. The lease would contain a one-time right by the tenant to terminate the lease on the
59
th
month of the lease term, if the tenant provides 210 days' advance notice and pays to the Company, as landlord,
the amortized amount of all costs incurred in connection with the construction of Retail Unit A and certain other costs. The lease
would also contain one five-year renewal option. The current master lease with the seller provides for an annualized rental income
at the same level.
Retail Unit B contains 5,566 rentable square
feet and is currently leased to 350-42 Fruits & Vegetables Corp. (known as Well Green Market II). The lease commenced in February
2012 and has a 15-year term, expiring in February 2027. The lease contains fixed annual rental escalations of 3.0% commencing in
the third year of the primary lease term. The lease contains no renewal options. The annualized rental income is approximately
$528,000.
The Storage Unit contains 1,002 rentable
square feet and is currently leased to The Orion Condominium. The lease commenced in January 2011 and has a 30-year term, expiring
in December 2040. The lease contains fixed annual rental escalations of 2.0% during the primary lease term. The lease contains
one 19-year renewal option. The annualized rental income is approximately $48,000.
The contract purchase price of the
property was approximately $19.8 million, exclusive of closing costs. The Company funded purchase price with proceeds from the
Company's ongoing initial public offering. The Company may seek to obtain financing on the property post-closing. However,
there is no assurance that the Company will be able to secure financing on terms that it deems favorable or at all.
Item 8.01. Other Events.
On March 21, 2012, the Company issued a
press release, attached hereto as Exhibit 99.1, announcing the closing of the Company's acquisition of the property located
at 350 West 42
nd
Street on March 16, 2012. The press release is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(a)(4)
The audited and unaudited financial statements relating to the 350 West 42
nd
Street property described in Item 2.01, required by Rule 3-14 of Regulation S-X are not included in this Current Report on Form 8-K. The Company will file such financial statements with the U.S. Securities and Exchange Commission within 71 calendar days after the date that this Current Report on Form 8-K must be filed, or June 1, 2012.
(d)
Exhibits
Exhibit No.
Description
99.1
Press Release dated March 21, 2012
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN REALTY CAPITAL NEW YORK RECOVERY REIT, INC.
Date: March 21, 2012
By:
/s/ Nicholas S. Schorsch
Name:
Nicholas S. Schorsch
Title:
Chief Executive Officer and
Chairman of the Board of Directors