Welcome to our dedicated page for American Strategic Investment Co. SEC filings (Ticker: NYC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
American Strategic Investment Co.'s SEC filings document a Maryland corporation that owns New York City commercial real estate through a public-company structure with Class A common stock listed on the NYSE. Its current reports furnish earnings releases, supplemental financial information, investor presentations, conference-call materials, and Regulation FD disclosures tied to portfolio performance.
The filing record also covers capital structure, unregistered equity issuances, preferred stock purchase rights, and advisory arrangements with New York City Advisors, LLC and New York City Operating Partnership, L.P. Proxy materials disclose annual meeting proposals, director elections, voting procedures, and governance matters, while Form 12b-25 notices describe annual-report timing and financial-reporting processes.
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.