American Strategic Investment Co. SEC Filings

Nicholas S. Schorsch and affiliated entities increased their reported indirect stake in American Strategic Investment Co. (NYC) through multiple purchases in September 2025. The report shows an initial indirect holding of 520,666 Class A shares and subsequent additions that increased the aggregate indirect position to 1,017,280 shares after purchases on 9/04/2025, 9/05/2025 and 9/08/2025. The filing also discloses a separate disposition of 26,559 Class A shares owned directly by Mr. Schorsch. Purchases were made at weighted-average prices in ranges described in the footnotes (approximately $9.90–$10.36). The filing identifies Bellevue Capital Partners, AR Global Investments, American Realty Capital III and related entities as record holders and explains their ownership chain. The reporting group may be deemed a Section 13(d) group owning more than 10% of the company but expressly disclaims beneficial ownership of other group members' shares.

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.

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.

Nicholas S. Schorsch Jr., Chief Executive Officer of American Strategic Investment Co. (NYC), acquired 20,000 restricted shares of Class A common stock on 08/20/2025. The shares were issued under the companys 2020 Omnibus Incentive Compensation Plan and vest over a four-year period beginning June 26, 2025, at 25% per year. After the transaction Mr. Schorsch beneficially owns 36,685 shares. The Form 4 was signed by an attorney-in-fact, Michael Joseph LeSanto, on 08/22/2025. The filing records an acquisition of restricted stock rather than open-market purchases and discloses the vesting schedule tied to employment or service.

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.