[Form 4] American Strategic Investment Co. Insider Trading Activity

Rhea-AI Filing Summary

Insiders led by Nicholas S. Schorsch and affiliated entities reported purchases of American Strategic Investment Co. (NYC) Class A common stock on August 28–29, 2025 and a separate sale. The filing shows the reporting group held 520,666 shares indirectly before the August purchases. On 08/28/2025 the group purchased shares at a weighted average price of $11.28 and on 08/29/2025 at a weighted average price of $10.94, increasing indirect holdings to 1,015,538 shares. The filing also reports a disposition of 26,559 shares owned directly by Mr. Schorsch. The reporting persons include Mr. Schorsch, Bellevue Capital Partners, AR Global Investments, American Realty Capital III, New York City Special Ltd. Partnership and New York City Advisors, and they state they may constitute a Section 13(d) group holding more than 10% of the company.

Positive

• Material increase in indirect holdings: reported group holdings rose from 520,666 to 1,015,538 Class A shares after the August purchases.
• Purchases executed at disclosed weighted average prices of $11.28 and $10.94, with price ranges provided for transparency.
• Clear disclosure of affiliated reporting persons including Nicholas S. Schorsch and multiple related entities, with a joint filer exhibit referenced.

Negative

• Sale of 26,559 shares by Mr. Schorsch was reported without context in the Form 4.
• Layered ownership structure and potential Section 13(d) group status may create complexity for assessing actual beneficial ownership and voting control.

Insights

Financial Analyst

Insiders significantly increased indirect holdings via multiple purchases at ~$11 per share, taking the group above 10% ownership.

The Form 4 documents coordinated purchases on 08/28 and 08/29/2025 that roughly doubled reported indirect holdings from 520,666 to 1,015,538 shares. Reported weighted average purchase prices were $11.28 and $10.94, reflecting multiple executions within disclosed price ranges. The filing signals concentrated insider accumulation by a group led by Nicholas S. Schorsch and affiliated entities, which may be material for capitalization and control metrics given the stated >10% position.

Corporate Governance Expert

Related parties and layered ownership raise disclosure and group-beneficial-ownership considerations under Section 13(d).

The report describes a chain of entities controlled by Mr. Schorsch (BCP→AR Global→ARC III→NYC Advisor as record holder) and an explicit statement that the filers may be members of a Section 13(d) group. The disclosure and disclaimers are typical, but the layered structure and joint filing underscore the importance of clarity about voting and investment discretion and any potential governance influence resulting from a >10% stake.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SCHORSCH NICHOLAS S

(Last) (First) (Middle)

C/O BELLEVUE CAPITAL PARTNERS, LLC

222 BELLEVUE AVENUE

(Street)

NEWPORT RI 02840

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Strategic Investment Co. [ NYC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock								520,666	I	See footnote(1)
Class A common stock	08/28/2025		P		302	A	$11.28(2)	1,015,236	I	See footnote(3)
Class A common stock	08/29/2025		P		302	A	$10.94(4)	1,015,538	I	See footnote(3)
Class A common stock								26,559	D(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

SCHORSCH NICHOLAS S

(Last) (First) (Middle)

C/O BELLEVUE CAPITAL PARTNERS, LLC

222 BELLEVUE AVENUE

(Street)

NEWPORT RI 02840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Bellevue Capital Partners, LLC

(Last) (First) (Middle)

222 BELLEVUE AVENUE

(Street)

NEWPORT RI 02840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

AR Global Investments, LLC

(Last) (First) (Middle)

C/O BELLEVUE CAPITAL PARTNERS, LLC

222 BELLEVUE AVENUE

(Street)

NEWPORT RI 02840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

American Realty Capital III, LLC

(Last) (First) (Middle)

C/O BELLEVUE CAPITAL PARTNERS, LLC

222 BELLEVUE AVENUE

(Street)

NEWPORT RI 02840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

New York City Special Ltd. Partnership, LLC

(Last) (First) (Middle)

C/O BELLEVUE CAPITAL PARTNERS, LLC

222 BELLEVUE AVENUE

(Street)

NEWPORT RI 02840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

New York City Advisors, LLC

(Last) (First) (Middle)

C/O BELLEVUE CAPITAL PARTNERS, LLC

222 BELLEVUE AVENUE

(Street)

NEWPORT RI 02840

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the ultimate controlling person of the Advisor, and has voting and investment discretion with respect to the securities held of record by the Advisor. 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 the Advisor, the record holder of the securities reported herein.

2. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.71 to $11.39, 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.

3. Represents shares of Class A common stock directly owned by BCP. 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.

4. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.50 to $10.98, 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.

5. 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.

	/s/ See signatures attached as Exhibit 99.1	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions were reported for American Strategic Investment Co. (NYC)?

The filers reported purchases of Class A common stock on 08/28/2025 (weighted average price $11.28) and 08/29/2025 (weighted average price $10.94), and a disposition of 26,559 shares.

Who are the reporting persons on the Form 4 for NYC?

The reporting persons are Nicholas S. Schorsch and affiliated entities: Bellevue Capital Partners, LLC; AR Global Investments, LLC; American Realty Capital III, LLC; New York City Special Ltd. Partnership, LLC; and New York City Advisors, LLC.

How many NYC shares does the reporting group beneficially own after the transactions?

The Form 4 reports that the group beneficially owns 1,015,538 shares of Class A common stock following the reported purchases.

Does this filing indicate the group controls more than 10% of NYC?

Yes. The filers state they may be deemed a Section 13(d) group that collectively beneficially owns more than 10% of the issuer's outstanding common stock.

Are the reported purchase prices exact?

The filing reports weighted average prices and discloses that purchases occurred at multiple prices within ranges: $10.71–$11.39 for 08/28 trades and $10.50–$10.98 for 08/29 trades; full breakdowns are available on request to the SEC or issuer.