NYC Form 4: Schorsch-Linked Entities Raise Indirect Holdings Over 1.0M Shares

Rhea-AI Filing Summary

American Strategic Investment Co. (NYC) insiders reported purchases that increased their indirect holdings of Class A common stock. On 09/02/2025 the reporting persons purchased 350 shares at a weighted-average price of $10.36, and on 09/03/2025 they purchased 314 shares at a weighted-average price of $10.84. The filing shows 1,016,202 Class A shares beneficially owned following the transactions, up from 520,666 previously reported as indirectly owned by the reporting group.

The Form 4 discloses that Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC, which together with related entities may be deemed part of a Section 13(d) group owning more than 10% of the issuer. The report notes ranges of execution prices for the purchases ($10.05–$10.54 for 09/02 trades; $10.02–$10.96 for 09/03 trades) and states the Reporting Persons disclaim beneficial ownership of other group members' shares except to the extent of any pecuniary interest.

Insights

Securities Analyst

TL;DR: Directors and affiliated entities purchased incremental Class A shares, increasing indirect ownership above 1.0M shares and forming a >10% group.

The Form 4 documents small open-market purchases on two consecutive days that increase the reporting group’s indirect holdings to 1,016,202 Class A shares from 520,666. The filing explicitly identifies the ownership chain: Mr. Nicholas S. Schorsch controls Bellevue Capital Partners, LLC, which is the record holder through a series of affiliated entities. The disclosure of price ranges and weighted-average prices indicates multiple executions rather than a single block trade. For investors, the material facts are the increased stake and the Section 13(d) group status; the filing contains no forward-looking statements, operational metrics, or financing details.

Corporate Governance Expert

TL;DR: Governance disclosure clarifies control relationships and disclaimers within a potential Section 13(d) group.

The report provides a clear beneficial ownership chain and an explanatory footnote structure: BCP is the sole managing member of AR Global Investments, LLC, which through successive ownership holds the record securities. The Reporting Persons explicitly disclaim beneficial ownership of other group members’ shares except for any pecuniary interest. The filing also references Exhibit 99.1 for joint filer details and attaches a signature date of 09/04/2025. This is a routine but material disclosure for governance and SEC reporting compliance.

Insider Trade Summary

Net Buyer: 664 shares

Net Buy 4 txns

Insider SCHORSCH NICHOLAS S, Bellevue Capital Partners, LLC, AR Global Investments, LLC, American Realty Capital III, LLC, New York City Special Ltd. Partnership, LLC, New York City Advisors, LLC

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner

Bought 664 shs ($7K)

Type	Security	Shares	Price	Value
Purchase	Class A common stock	314	$10.84	$3K
Purchase	Class A common stock	350	$10.36	$4K
holding	Class A common stock	--	--	--
holding	Class A common stock	--	--	--

Holdings After Transaction: Class A common stock — 1,536,868 shares (Indirect, See footnote); Class A common stock — 26,559 shares (Direct)

Footnotes (5)

1. F1. 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. F2. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.05 to $10.54, 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. F3. 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. F4. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $10.02 to $10.96, 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. F5. Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/04/2025 - 06:32 PM Learn about SEC filing dates

FAQ

What transactions were reported for NYC on this Form 4?

The filing reports purchases of Class A common stock: 350 shares on 09/02/2025 at a weighted-average price of $10.36 and 314 shares on 09/03/2025 at a weighted-average price of $10.84.

How many Class A shares do the reporting persons beneficially own after these transactions?

Following the reported transactions the filing shows 1,016,202 Class A shares beneficially owned (indirectly).

Who is the primary reporting person and what is their relationship to the issuer?

Nicholas S. Schorsch is identified as the reporting person; he is the sole managing member of Bellevue Capital Partners, LLC and is listed as a Director and 10% Owner of the issuer (via affiliated entities).

Does the filing indicate a Section 13(d) group?

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

Are the exact per-share prices disclosed for each execution?

The filing provides weighted-average prices and price ranges: trades on 09/02/2025 ranged from $10.05 to $10.54 (weighted-average $10.36), and on 09/03/2025 ranged from $10.02 to $10.96 (weighted-average $10.84).

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
Estimated average burden
hours per response:			0.5

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)
09/02/2025

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	09/02/2025		P		350	A	$10.36(2)	1,015,888	I	See footnote(3)
Class A common stock	09/03/2025		P		314	A	$10.84(4)	1,016,202	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 $10.05 to $10.54, 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 $10.02 to $10.96, 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	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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