---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-026697"
form_type: "8-K"
ticker: "NYC"
cik: "0001595527"
company_name: "American Strategic Investment Co."
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T08:42:40.870477+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ASIC reports Q4 net loss $6.7M, sells 9 Times Square for $63.5M, CEO resigning

## Summary
- Q4 2024 revenue $14.9M, net loss $6.7M; Cash NOI $6.4M (+2% YoY).
- Sold 9 Times Square for $63.5M in Q4'24; net proceeds ~$13.5M.
- CEO Michael Anderson to resign after 10-K filing; Nicholas Schorsch Jr. appointed successor.
- 100% fixed-rate debt, 4.4% avg interest rate, no debt maturities in 2025, net leverage 56.9%.
- Portfolio occupancy 80.8%; five new leases in 2024 totaling 37,407 SF, $2.0M SLR.

## SEC filing metadata
- accession: 0001104659-25-026697
- form_type: 8-K
- ticker: NYC
- cik: 0001595527
- company_name: American Strategic Investment Co.
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595527/000110465925026697/0001104659-25-026697-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595527/000110465925026697/tm2510019d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-026697
- JSON: https://secwatch.observer/filing/0001104659-25-026697.json
- Plain text: https://secwatch.observer/filing/0001104659-25-026697.txt

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