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New York City REIT ( (NYC) ) has provided an announcement.
On September 8, 2025, ARC NYC1140SIXTH, LLC, a subsidiary of American Strategic Investment Co., entered into a settlement agreement with Wilmington Trust and Ladder Capital Finance regarding a $99 million loan secured by a mortgage on the 1140 Avenue of the Americas property. The agreement follows a foreclosure action initiated by Wilmington Trust in June and July 2025, and involves the Borrower consenting to the appointment of a receiver and the foreclosure sale of the property. Upon the property’s disposition, the Borrower and Guarantor will be released from their obligations under the loan documents, effectively terminating these agreements, except for certain environmental obligations.
The most recent analyst rating on (NYC) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on New York City REIT stock, see the NYC Stock Forecast page.
Spark’s Take on NYC Stock
According to Spark, TipRanks’ AI Analyst, NYC is a Neutral.
The overall stock score reflects severe financial distress, with significant operational challenges and a negative valuation outlook. Technical indicators and corporate events further contribute to a cautious outlook, with the potential NYSE delisting being a critical risk factor.
To see Spark’s full report on NYC stock, click here.
More about New York City REIT
Average Trading Volume: 4,276
Technical Sentiment Signal: Sell
Current Market Cap: $26.22M
For a thorough assessment of NYC stock, go to TipRanks’ Stock Analysis page.