American Realty Capital New York Recovery REIT ("ARC NYRR") is a Maryland corporation that qualified as a real estate investment trust ("REIT") during the taxable year ended December 31, 2010. On September 2, 2010, NYRR commenced its best efforts offering of up to $1.5 billion at a price of $10.00 per share. The REIT's Board of Trustees declared a distribution equal to 6.05% on September 24, 2010. See the risk factors below associated with the offering.

American Realty Capital New York Recovery REIT, Inc. expects to acquire and operate a portfolio of commercial real estate located in New York City with a focus on institutional quality office and retail properties. Learn more about American Realty Capital New York Recovery REIT.

Professional management

Experienced real estate professionals who have acquired over $20 billion of real estate and invested through various real estate cycles.

GEOGRAPHICALLY FOCUSED STRATEGY

Focus on New York City is expected to give us competitive advantages in this large, supply-constrained market.

Total returns

Investing in the current cycle allows us to take advantage of an enhanced window of opportunity to benefit from the future recovery of New York City real estate.

Stable Distributions

NYRR expects to pay monthly distributions to its shareholders that will be covered by MFFO 

Diversification

Non-traded REITs can further diversify a portfolio, potentially decreasing risk and increasing return.

Low correlation to stock market

Non-traded REIT values are tied directly to underlying real estate values, not the stock and bond markets.

Hedge Against inflation

Real estate investments have historically proven to be a good hedge against inflation.

Distribution Reinvestment Plan

Distributions can be reinvested in additional shares at 5% discount.

Share rePurchase Plan

Available after one-year holding period.

Investor Suitability

For potential investors to qualify to invest in our REIT, they must meet the following net worth and/or gross income requirements²:

• The investor must have a net worth of at least $250,000
• Or a gross annual income of at least $70,000 and a net worth of at least $70,000

In addition to the above-mentioned requirements, investors must also meet all of the following conditions:

• seek a relatively long-term investment
• not need immediate liquidity from investment

For additional information on this offering or to obtain a prospectus, please call Realty Capital Securities at 877-373-2522 or visit www.newyorkrecoveryreit.com.

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Risk Factors

We have a very limited operating history and have no established financing sources. This offering is a blind pool and you may not have the opportunity to evaluate investments prior to their purchase or prior to your investment in our common stock, which makes this investment more speculative. No public market currently exists for shares of our common stock, nor may a public market ever exist and our shares are illiquid. There are limitations on ownership and transferability of our shares. We are obligated to pay substantial fees to our advisor and its affiliates, including fees payable upon sale of properties, which may result in our advisor recommending riskier or more speculative investments. We are depending on our advisor to select investments and conduct our operations. Adverse changes in the financial condition of our advisor could adversely affect us. If we, through our advisor, are unable to find suitable investments, we may not be able to achieve our objectives or pay distributions. If we are unable to raise substantial funds, we will be limited in the number and types of investments, our ability to diversify our investments will be limited. Properties may be adversely affected by the current economic downturn, as well as economic cycles and risks inherent to the New York market. The offering may be subject to risks associated with the significant dislocations and liquidity disruptions currently occurring in the United States credit markets. There are substantial conflicts among the interests of our investors, our interests and the interests of our advisor, sponsor, dealer manager and our respective affiliates regarding compensation, investment opportunities and management resources. Our investment objectives and strategies may be changed without shareholder consent. There are significant risks associated with maintaining a high level of leverage as permitted under our charter.If we incur substantial debt, it may hinder our ability to pay distributions to our shareholders or could decrease the value of your investment if income on, or the value of, the property securing the debt falls. We may be unable to pay or maintain cash distributions or increase distributions over time. Our organizational documents permit us to pay distributions from unlimited amounts of any source. Such distributions could reduce the cash available to us and could constitute a return of capital to shareholders. Our share repurchase program is subject to numerous restrictions, may be cancelled at anytime and should not be relied upon as a means of liquidity. We may fail to qualify or continue to qualify to be treated as a REIT for tax purposes. We currently own only one property and have identified only one additional property to acquire with the offering proceed. Our dealer manager has not conducted an independent review of this prospectus. We may be deemed to be an investment company under the Investment Company Act and thus subject to regulation under the Investment Company Act.

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The properties pictured herein are not owned and may not be acquired by the New York Recovery REIT