American Strategic Investment Co. Enters Into Letter of Intent to Sell 9 Times Square for $63.5 Million
American Strategic Investment Co. Class A (NYC)
Company Research
Source: Business Wire
– Closing Expected Within 120 days of Signing Definitive Agreement – NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it has agreed to a term sheet to sell its 9 Times Square Midtown Manhattan property (“9 Times Square”) for $63.5 million. It is expected that the closing of the transaction will occur within 120 days of the execution of a definitive purchase and sale agreement between the parties.The Company previously announced that it had secured an amendment of the loan on 9 Times Square, which extended the maturity date of the loan to October 2024, with the option of an additional extension of the loan to year-end 2024 subject to certain conditions, to facilitate the proposed sale of the property.Michael Anderson, Chief Executive Officer of ASIC stated, “We expect this sale to generate approximately $13.5 million in net proceeds at closing, which we intend to use to pursue the expanded asset acquisition and d
Show less
Read more
Impact Snapshot
Event Time:
NYC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NYC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NYC alerts
High impacting American Strategic Investment Co. Class A news events
Weekly update
A roundup of the hottest topics
NYC
News
- American Strategic Investment Co. Announces Second Quarter 2024 ResultsBusiness Wire
- American Strategic Investment Co. Announces Release Date for Second Quarter ResultsBusiness Wire
- BELLEVUE CAPITAL PARTNERS, LLC ANNOUNCES FINAL RESULTS OF TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP.PR Newswire
NYC
Earnings
- 8/9/24 - Miss
NYC
Sec Filings
- 9/18/24 - Form 4
- 8/9/24 - Form 8-K
- 8/9/24 - Form 10-Q
- NYC's page on the SEC website