8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): November 8, 2012

American Realty Capital New York Recovery REIT, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	000-54689	27-1065431
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

405 Park Avenue

New York, New York 10022

(Address, including zip code, of Principal Executive Offices)

Registrant's telephone number, including area code: (212) 415-6500

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.

On November 8, 2012, American Realty Capital New York Recovery REIT, Inc. (the “Company”), through its sponsor, American Realty Capital III, LLC, entered into a purchase and sale agreement to acquire the fee simple interest in an institutional-quality office building located at 229 West 36^th Street in Midtown Manhattan. The seller of the property is 229 W. 36^th Street Partnership LP. The seller does 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 certain conditions customary 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 seller.

The contract purchase price of the property is $65.0 million, exclusive of closing costs. The Company intends to fund the purchase price with proceeds from its ongoing initial public offering. The Company may seek financing on the property at or post-closing from a lender yet to be identified. There is no assurance that the Company will be able to secure financing on terms that it deems favorable or at all.

The property contains approximately 149,000 rentable square feet and is 100% leased to seven tenants. Approximately 70.1% of the property is occupied by three tenants: American Language Communication Center, Inc.; Early Bird Delivery Systems, LLC; and Spectaguard Acquisitions, LLC.

The following table provides information relating to lease commencement and termination dates, rentable square feet, rental escalations, renewal options and current cash rental income for the three major tenants:

Tenant	Lease Commencement Date	Lease Termination Date	Rentable Square Feet	Cash Rental Income (in thousands)	Rental Escalations	Renewal Options
American Language Communication Center, Inc.	February 2008	July 2028	64,283	$2,378	Varies	One Five-Year Option
Early Bird Delivery Systems, LLC	February 2002	March 2023	20,132	$748	Varies	None
Spectaguard Acquisition, LLC	May 2011	July 2022	19,920	$618	20.0% Increase in Year 6; 2.5% annual increase in other years	One Five-Year Option

_____________________

 Item 9.01. Financial Statements and Exhibits.

 (d)  Exhibits

Exhibit No.	Description
99.1	Press Release dated November 8, 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: November 8, 2012	By:	/s/ Nicholas S. Schorsch
		Name:	Nicholas S. Schorsch
		Title:	Chief Executive Officer and Chairman of the Board of Directors

EX-99.1

CONTACTS
From: Anthony J. DeFazio	For: Michael A. Happel
DeFazio Communications, LLC	American Realty Capital New York Recovery REIT, Inc.
tony@defaziocommunications.com	mhappel@arlcap.com
Ph: 484-532-7783	Ph: 212-415-6500

FOR IMMEDIATE RELEASE

American Realty Capital New York Recovery REIT Enters into a Contract to Acquire

An Institutional-Quality Office Building in Midtown Manhattan

New York, New York, November 8, 2012 – American Realty Capital New York Recovery REIT, Inc. (the “Company”) announced today that it entered into a purchase and sale agreement to acquire the fee simple interest in an institutional-quality office building located at 229 West 36^th Street in Midtown Manhattan, at a purchase price of $65.0 million, exclusive of closing costs.

The property contains approximately 149,000 rentable square feet and is 100% leased to seven tenants. Approximately 70.1% of the property is occupied by three tenants: American Language Communication Center, Inc.; Early Bird Delivery Systems, LLC; and Spectaguard Acquisition, LLC.

“This is the second office building in the Garment District that we have placed under contract in just the last two weeks,” noted Michael A. Happel, Chief Investment Officer of the Company. Mr. Happel continued, “This $65 million acquisition of 229 West 36^th Street will complement the $48.6 million acquisition of 256 West 38^th Street that we previously announced. We believe this neighborhood is in the early stages of a longer term transformation that will increase rents in the area. Our acquisition pipeline remains strong and we continue to identify high quality properties in New York City that are consistent with our overall investment strategy.”

About the Company

American Realty Capital New York Recovery REIT, Inc. is a publicly registered, non-traded real estate investment program. Additional information about the Company can be found on its website at www.newyorkrecoveryreit.com.

For more information about this announcement, please contact Tony DeFazio at 484-532-7783 or tony@defaziocommunications.com.