---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-074917"
form_type: "8-K"
ticker: "NYC"
cik: "0001595527"
company_name: "American Strategic Investment Co."
filed_at: "2024-06-26T23:59:59+00:00"
generated_at: "2026-06-01T01:32:01.280157+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# American Strategic Investment enters term sheet to sell 9 Times Square for $63.5M

## Summary
- Term sheet signed to sell 9 Times Square in Midtown Manhattan for $63.5 million.
- Closing expected within 120 days of executing definitive purchase agreement.
- Estimated net proceeds of ~$13.5 million to fund asset acquisition and diversification strategy.
- Loan on property extended to October 2024, with option to year-end 2024, to facilitate sale.
- No assurance definitive agreement will be reached on these terms or at all.

## SEC filing metadata
- accession: 0001104659-24-074917
- form_type: 8-K
- ticker: NYC
- cik: 0001595527
- company_name: American Strategic Investment Co.
- filed_at: 2024-06-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595527/000110465924074917/0001104659-24-074917-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595527/000110465924074917/tm2418274d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-074917
- JSON: https://secwatch.observer/filing/0001104659-24-074917.json
- Plain text: https://secwatch.observer/filing/0001104659-24-074917.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.