{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-061824","form_type":"8-K","ticker":"NYC","cik":"0001595527","company_name":"American Strategic Investment Co.","filed_at":"2026-05-15T11:45:38+00:00","discovered_at":"2026-05-15T11:50:01.281133+00:00","generated_at":"2026-05-15T11:50:42.108221+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ASIC reports Q1 net loss of $7.8M; marketing sale of 123 William and 196 Orchard","bullets":["Q1 2026 net loss of $7.8M on revenue from tenants of $7.3M; Adjusted EBITDA negative $1.1M.","Portfolio occupancy 76.4%; weighted-average remaining lease term 6.2 years; 69% of top 10 tenants investment grade.","Marketing the sale of 123 William Street (73.8% occupied) and 196 Orchard Street (100% occupied) to generate excess cash.","100% fixed-rate debt with weighted-average interest rate of 4.56%; no maturities until 2027; net leverage 59.6%.","Proceeds from dispositions expected to be deployed into higher-yielding investments beyond Manhattan real estate."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-061824","json":"https://secwatch.observer/filing/0001104659-26-061824.json","markdown":"https://secwatch.observer/filing/0001104659-26-061824.md","text":"https://secwatch.observer/filing/0001104659-26-061824.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1595527/000110465926061824/0001104659-26-061824-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1595527/000110465926061824/tm2614671d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T11:50:42.108221+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}