secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001104659-24-131751
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924131751/0001104659-24-131751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000110465924131751/tm2432046d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-131751

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