ASIC sets Dec 19 closing for $63.5M sale of 9 Times Square; expects ~$13.5M net proceeds

American Strategic Investment Co.

Contract sales price $63.5M for 9 Times Square; non-refundable deposit of $7M secured.
Closing date set for December 19, 2024; expects ~$13.5M in net proceeds.
Mortgage loan on property amended, maturity extended to Jan 2025 to facilitate sale.
CEO says proceeds will strengthen balance sheet and support asset acquisition/diversification strategy.

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