secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001104659-24-127203
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924127203/0001104659-24-127203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924127203/tm2430689d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-127203

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