secwatch.observer — SEC 8-K summary
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Issuer:     American Strategic Investment Co. (NYC)
CIK:        0001595527
Form:       8-K
Filed at:   2026-05-15T11:45:38+00:00
Accession:  0001104659-26-061824
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ASIC reports Q1 net loss of $7.8M; marketing sale of 123 William and 196 Orchard
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595527/000110465926061824/0001104659-26-061824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595527/000110465926061824/tm2614671d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-061824

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