American Strategic Investment sells 9 Times Square property for $63.5M

American Strategic Investment Co.

Gross purchase price $63.5 million; net cash proceeds ~$10.5 million after mortgage repayment and costs.
$49.5 million mortgage held by Capital One repaid at closing.
Prior impairments of $84.7M (Q2 2024) and $1.9M for selling costs removed from pro forma.
Pro forma balance sheet shows total assets reduced by $51.9M post-disposition.
Buyer is 9 Times Square Acquisitions, LLC; no material relationships between parties.

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