Nicholas S. Schorsch - May 12, 2022 Form 4 Insider Report for New York City REIT, Inc. (NYC)

Role: 10%+ Owner
Signature: /s/ See signatures attached as Exhibit 99.1
Stock symbol: NYC
Transactions as of: May 12, 2022
Transactions value $: $262,375
Form type: 4
Date filed: 5/13/2022, 08:12 PM
Previous filing: May 11, 2022
Next filing: Jun 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NYC	Class A common stock	Purchase	$133K	+12.5K	+0.93%	$10.60	1.35M	May 12, 2022	See footnote	F1, F2
transaction	NYC	Class A common stock	Purchase	$130K	+12.5K	+0.92%	$10.39	1.37M	May 13, 2022	See footnote	F1, F3
holding	NYC	Class A common stock						168K	May 12, 2022	See footnote	F4
holding	NYC	Class A common stock						120K	May 12, 2022	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The purchases reported in this Form 4 were automatically effected pursuant to a previously executed purchasing plan of Bellevue Capital Partners ("BCP") that is intended to comply with Rule 10b5-1(c) promulgated under the Securities Exchange Act of 1934, as amended. Mr. Nicholas S. Schorsch is the sole managing member of BCP, and has voting and investment discretion with respect to the securities held of record by BCP.
F2	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.08 to $11.05, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
F3	The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.19 to $10.79, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
F4	Mr. Nicholas S. Schorsch is the sole managing member of BCP, who is the ultimate controlling person of New York City Advisors, LLC, and has voting and investment discretion with respect to the securities held of record by New York City Advisors, LLC. BCP is the sole member of AR Global Investments, LLC, who is the sole member of American Realty Capital III, LLC ("ARC III"). ARC III is the sole member of New York City Special Limited Partnership, LLC, who is the sole member of New York City Advisors, LLC, the record holder of the securities reported herein.
F5	Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.

Remarks:

Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer. // The Reporting Persons are filing this Form 4 because they may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock. The Reporting Persons expressly disclaim beneficial ownership of the securities beneficially owned by the other group members. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.