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New York City REIT ( (NYC) ) has provided an update.
American Strategic Investment Co. has set December 19, 2024, as the closing date for the sale of its 9 Times Square property in Midtown Manhattan for $63.5 million. The company has secured a $7 million non-refundable deposit and plans to use the anticipated $13.5 million in net proceeds to strengthen its balance sheet and support its asset acquisition and diversification strategy.
More about New York City REIT
American Strategic Investment Co. owns a portfolio of commercial real estate.
YTD Price Performance: 5.14%
Average Trading Volume: 4,259
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $22.32M
Find detailed analytics on NYC stock on TipRanks’ Stock Analysis page.
