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New York City REIT (NYC) has provided an announcement.
American Strategic Investment Co. has announced that it plans to sell its 9 Times Square property in Midtown Manhattan for $63.5 million. The anticipated sale is scheduled to close within 120 days following a definitive purchase agreement. This move comes after the company successfully amended the property’s loan terms to extend the maturity date, enhancing the feasibility of the sale.
Learn more about NYC stock on TipRanks’ Stock Analysis page.
