secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001104659-25-046768
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ASIC reports Q1 net loss of $8.6M, Cash NOI falls to $4.2M from $7.0M YoY
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- Revenue from tenants $12.3M; net loss $(8.6M) vs $(7.6M) in Q1'24.
- Cash NOI $4.2M, down 40% from $7.0M in prior-year quarter.
- Portfolio occupancy 82.0%; top 10 tenants 77% investment grade.
- Marketing 123 William St and 196 Orchard St for sale; no debt maturities in 2025.
- 100% fixed-rate debt, weighted-average rate 4.4%, net leverage 57.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000110465925046768/0001104659-25-046768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000110465925046768/tm2514497d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-046768

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer