American Strategic Investment Co. SEC Filings

Michael Joseph LeSanto, Chief Financial Officer of American Strategic Investment Co. (ticker: NYC), reported acquisition of 6,000 restricted Class A common shares on 08/20/2025. The shares were issued under the company's 2020 Omnibus Incentive Compensation Plan and carry a $0 acquisition price in this report, reflecting a compensation grant rather than an open-market purchase.

The restricted shares vest over a four-year schedule beginning June 26, 2025, with 25% vesting each year. Following the reported transaction, LeSanto beneficially owns 11,400 Class A shares in total. The Form 4 was signed on 08/22/2025 by the reporting person.

American Strategic Investment Co. hosted a pre-recorded conference call on August 8, 2025 to discuss results for the quarter ended June 30, 2025 and has furnished the transcript as Exhibit 99.1 to this Current Report. A replay of the full call is available through September 19, 2025 with provided dial-in numbers and Conference ID 13754142.

The filing clarifies that the materials furnished are not deemed "filed" under the Exchange Act and includes customary forward-looking statement language. The company identifies specific risks including the effects of terminating REIT status, acquisition execution, geopolitical conflicts, inflation and higher interest rates, tariffs, market and capital availability for transactions, and potential NYSE delisting risk. The report is signed by CFO Michael LeSanto.

American Strategic Investment Co. prepared an investor presentation that officers and representatives intend to use at conferences and meetings; the presentation is furnished as Exhibit 99.1 and is expressly described as "furnished" and not "filed". The filing cautions that non-historical statements are forward-looking and subject to specific risks, including uncertainty about the anticipated benefits of the Companys election to terminate its real estate investment trust status, the Companys ability to identify or complete new asset or business acquisitions on favorable terms, geopolitical instability related to the conflicts involving Russia and Ukraine and Israel and Hamas and related sanctions, inflation and higher interest rates, tariffs, and the risk that the Company may fail to meet NYSE continued listing requirements. The Company states it will update forward-looking statements only as required by law.

American Strategic Investment Co. owns six Manhattan office-related properties totaling about 1.0 million rentable square feet and reports total assets of $463.99 million with consolidated real estate investments, net of depreciation, of $362.03 million. Cash and restricted cash totaled $12.8 million at June 30, 2025, of which $7.5 million was restricted by lenders.

Operations weakened: revenue from tenants was $12.22 million for the quarter (down from $15.75 million a year earlier) and the company reported a quarterly net loss of approximately $41.66 million and a six-month net loss of $50.25 million, or $16.39 and $19.80 per share (basic and diluted), respectively. Impairment charges materially affected results, including property-level write-downs (e.g., $7.1M at 1140 Avenue, $13.1M at 400 E. 67th/200 Riverside, $10.3M at 196 Orchard).

Liquidity and covenant pressure remain central: consolidated mortgage notes payable, net were $348.22 million, current consolidated mortgage liability ~$99.0 million, and certain loans are in default or subject to cash-sweep arrangements; foreclosure litigation and a receiver motion were filed relating to the 1140 Avenue loan. Management stated a plan to alleviate going concern doubt (paying certain fees in shares, selling a performing asset within 12 months, and potential lending from the Advisor) and concluded substantial doubt is alleviated based on that plan.

American Strategic Investment Co. furnished a press release and supplemental financial information reporting its operating results for the quarter ended June 30, 2025. The materials are attached as Exhibits 99.1 and 99.2 and are expressly furnished, not filed, meaning they are provided for investor information but are not incorporated into other SEC filings by reference.

The filing highlights a range of forward-looking risks the company identifies for investors, including the anticipated benefits and uncertainties related to its election to terminate REIT status, its ability to acquire new assets or businesses, and specifically the ability to consummate the sale of 9 Times Square. It also flags broader threats from geopolitical conflicts, inflation and higher interest rates, market and capital availability constraints for potential transactions, and the risk of failing to meet NYSE continued listing requirements.

The report is primarily a transparency disclosure: it furnishes quarter-end results and supplemental schedules and reiterates that forward-looking statements are subject to material risks that could cause actual outcomes to differ.

Nicholas S. Schorsch, a 10% owner of American Strategic Investment, reported multiple purchases of Class A common stock over three consecutive days in June 2025:

• June 25: Acquired 1,279 shares at average price of $12.37
• June 26: Acquired 1,279 shares at average price of $12.64
• June 27: Acquired 1,279 shares at average price of $12.51

Following these transactions, Schorsch's beneficial ownership includes 26,559 shares held directly and 1,010,014 shares held indirectly through Bellevue Capital Partners (BCP). Additionally, 520,666 shares are held indirectly through a complex ownership structure involving BCP, AR Global Investments, American Realty Capital III, and New York City Special Ltd. Partnership. Schorsch serves as sole managing member of BCP with voting and investment control over these holdings.