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: April 11, 1997
(Date of earliest event reported)
NYLIFE REALTY INCOME PARTNERS I, L.P.
(Exact name of Registrant as specified in its charter)
Delaware 0-16859 13-3410538
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
51 Madison Avenue, Room 1700
New York, New York 10010
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (212) 576-6456
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On April 11, 1997, NYLIFE Realty Partners I - General Partnership A
(the "Cornell Joint Venture") sold the Cornell Plaza Office Building, along
with the underlying land and related improvements (the "Cornell Building")
located in Blue Ash, Ohio to ERI Cornell, Inc., an unrelated third party
for approximately $7,500,000 in cash. It was previously reported in the
Form 10-K for the fiscal year ended December 31, 1996 that the sale was
expected to close on or before April 3, 1997. The disposition of the
Cornell Building and the determination of the aggregate consideration was
effected through a bidding process. The Registrant, NYLIFE Realty Income
Partners I, L.P., as managing partner of the Cornell Joint Venture, has
commenced the winding up and liquidation of the Cornell Joint Venture.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) EXHIBITS.
EXHIBIT NO. DESCRIPTION
- ----------- ---------------------------
2.1 Agreement of Sale and Purchase dated February 28, 1997 by
and between NYLIFE Realty Partners I - General Partnership
(A) and ERI Cornell, Inc.
SIGNATURE
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.
NYLIFE REALTY INCOME PARTNERS I, L.P.
By: YLIFE Realty Inc.,
General Partner
Date: April 18, 1997 By: /s/ Kevin M. Micucci
-----------------------------------
Kevin M. Micucci
President and Chief Financial
Officer
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
- ----------- ---------------------------
2.1 Agreement of Sale and Purchase dated February 28, 1997 by
and between NYLIFE Realty Partners I - General Partnership
(A) and ERI Cornell, Inc.*
*Previously filed with Form 10-K for the fiscal year ended December 31,
1996
