New York Reit Liquidating Llc's Competitiveness

The Company operates within the New York Metropolitan Statistical Area (MSA) real estate market, competing for tenants based on location, rental rates, security, property design suitability, and property operation and marketing. Some competitors possess significantly larger marketing budgets and financial resources, which may impact the Company's competitive position. The leasing manager for the Company's remaining property also manages leasing for multiple other properties in the New York MSA, potentially creating tenant competition. The Company may also compete with entities advised or sponsored by affiliates of Winthrop Advisor. Since implementing the Liquidation Plan, the Company faces competition from both newly developed and existing properties in the New York City real estate market, influencing operations and property disposition. These competitive pressures could materially affect occupancy levels, rental rates, property operating expenses, and consequently, the Company's business and net assets.