---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-116909"
form_type: "8-K"
ticker: "NYC"
cik: "0001595527"
company_name: "American Strategic Investment Co."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:56:10.562479+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# American Strategic Investment signs $63.5M sale of 9 Times Square, reports Q3 net loss of $34.5M

## Summary
- Definitive agreement to sell 9 Times Square for $63.5M; expected net proceeds of $13.5M, closing Q4 2024.
- Q3 2024 net loss $34.5M (incl. $27.8M impairment); revenue $15.4M; Cash NOI $6.8M (+3.8% YoY).
- Portfolio occupancy 85.8%; weighted-avg lease term 5.9 years; top 10 tenants 81% investment grade.
- Total debt $399.5M; 88% fixed-rate at 4.9% avg interest; net leverage 60.1%; only 12.4% matures through 2025.
- Completed 3 new leases for 24,081 SF adding $1.4M annualized straight-line rent.

## SEC filing metadata
- accession: 0001104659-24-116909
- form_type: 8-K
- ticker: NYC
- cik: 0001595527
- company_name: American Strategic Investment Co.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595527/000110465924116909/0001104659-24-116909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595527/000110465924116909/tm2427985d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-116909
- JSON: https://secwatch.observer/filing/0001104659-24-116909.json
- Plain text: https://secwatch.observer/filing/0001104659-24-116909.txt

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