New York City REIT Strengthens Position with Key Sale

An update from New York City REIT ( (NYC) ) is now available.

On March 19, 2025, American Strategic Investment Co. presented an investor presentation highlighting its strategic actions in the fourth quarter of 2024. The company completed the sale of 9 Times Square for $63.5 million, strengthening its cash position and reducing leverage. It also relaunched marketing efforts for the sale of 123 William Street and 196 Orchard Street, aiming to use proceeds for higher-yielding investments beyond Manhattan. The company completed five new leases in 2024 and executed a term sheet to expand a tenant’s lease at 123 William Street, reflecting active portfolio management and strategic disposition initiatives.

More about New York City REIT

American Strategic Investment Co. operates in the real estate industry with a focus on a portfolio of mixed-use office and retail condominium buildings primarily located in Manhattan. The company features a diverse tenant mix, including government agencies and investment-grade corporate tenants, and maintains a strategic focus on core commercial businesses.

YTD Price Performance: 14.06%

Average Trading Volume: 6,510

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $25.33M

See more data about NYC stock on TipRanks’ Stock Analysis page.