American Strategic Investment (NYSE: NYC) insider buys shares

Rhea-AI Filing Summary

American Strategic Investment Co. director Nicholas S. Schorsch, through affiliated entities, reported additional purchases of the company’s Class A common stock in December 2025. On December 11, 12, 15 and 16, 2025, Bellevue Capital Partners, LLC bought 1,080, 1,080, 1,010 and 1,010 shares, respectively, at weighted average prices of $8.04, $8.10, $8.06 and $7.89 per share, with each trade executed across multiple transactions within stated price ranges.

Following these transactions, Bellevue Capital Partners beneficially owned 1,040,894 shares of Class A common stock indirectly for Mr. Schorsch, and he also owned 26,559 shares directly. The disclosure explains a multi-layer ownership structure in which Mr. Schorsch is the sole managing member and ultimate controlling person of the entities that hold the shares, and notes that the reporting persons may be deemed part of a group that collectively owns more than 10% of the company’s outstanding common stock while disclaiming beneficial ownership beyond their pecuniary interest.

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

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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)
12/11/2025

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	12/11/2025		P		1,080	A	$8.04(2)	1,037,794	I	See footnote(3)
Class A common stock	12/12/2025		P		1,080	A	$8.1(4)	1,038,874	I	See footnote(3)
Class A common stock	12/15/2025		P		1,010	A	$8.06(5)	1,039,884	I	See footnote(3)
Class A common stock	12/16/2025		P		1,010	A	$7.89(6)	1,040,894	I	See footnote(3)
Class A common stock								26,559	D(7)

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 $7.87-$8.13, 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 $7.93-$8.29, 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. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $7.94-$8.20, 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.

6. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $7.86-$8.15, 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.

7. 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	12/16/2025
	** 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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FAQ

What insider transactions did Nicholas S. Schorsch report for American Strategic Investment Co. (NYC)?

Nicholas S. Schorsch, through Bellevue Capital Partners, LLC, reported four open-market purchases of American Strategic Investment Co. Class A common stock in December 2025. On December 11, 12, 15 and 16, 2025, Bellevue Capital Partners bought 1,080, 1,080, 1,010 and 1,010 shares, respectively.

At what prices were the NYC Class A shares purchased in these insider transactions?

The reported prices are weighted averages for multiple trades. The purchases were at weighted average prices of $8.04 on December 11, $8.10 on December 12, $8.06 on December 15 and $7.89 on December 16, 2025. The disclosure states these were made in ranges of $7.87–$8.13, $7.93–$8.29, $7.94–$8.20 and $7.86–$8.15, respectively.

How many American Strategic Investment Co. (NYC) shares does Bellevue Capital Partners beneficially own after these trades?

After the reported transactions, Bellevue Capital Partners, LLC beneficially owned 1,040,894 shares of American Strategic Investment Co. Class A common stock, indirectly attributable to Nicholas S. Schorsch as the sole managing member with voting and investment discretion.

How many NYC Class A shares does Nicholas S. Schorsch own directly?

The disclosure states that 26,559 shares of American Strategic Investment Co. Class A common stock are owned solely by Mr. Nicholas S. Schorsch, separate from the shares held through affiliated entities.

Why are multiple entities listed in connection with Nicholas S. Schorsch’s NYC holdings?

The explanation describes a multi-entity structure. Bellevue Capital Partners, LLC (BCP) is the sole member of AR Global Investments, LLC, which is the sole member of American Realty Capital III, LLC. That entity is the sole member of New York City Special Limited Partnership, LLC, which is the sole member of the Advisor, the record holder of certain reported securities. Mr. Schorsch is the sole managing member of BCP and has voting and investment discretion over these holdings.

What does the mention of a Section 13(d) group mean for NYC shareholders?

The remarks state that the reporting persons are making this disclosure because they may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of American Strategic Investment Co.’s outstanding common stock. They expressly disclaim beneficial ownership of securities beneficially owned by other group members and disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.