New York City REIT Inc (NYC)

Edward M. Weil plans to sell 15,000 shares of American Strategic Investment Co. (NYSE: NYC) common stock, valued at $120,000, through Merrill Lynch on the NYSE under Rule 144. Weil previously acquired 292,500 shares as compensation on July 9, 2026, and has made several smaller sales over the past three months. The company has 2,919,885 shares outstanding.

American Strategic Investment (NYSE: NYC) has warned of substantial doubt regarding its ability to continue as a going concern, primarily due to a $140 million loan on its 123 William St. property maturing in March. This loan exceeds the property's current valuation of $137.7 million. The REIT, which has lost $16 million in the first half of the year, faces significant debt and ongoing management fees, exacerbating its financial challenges.

American Strategic Investment Company (ASIC), formerly New York City REIT, faces significant doubt about its future due to a series of financial challenges. The firm is at risk of bankruptcy within the next year, primarily stemming from a $140 million loan on 123 William Street, which is underwater, and an overall debt approaching $250 million. ASIC has also experienced substantial losses on property sales and declining cash reserves, compounded by mandatory monthly payments to AR Global affiliates.

American Strategic Investment Co. (ASIC), formerly New York City REIT, has issued a "going concern" warning, indicating substantial doubt about its ability to stay in business within the next 12 months. The company faces severe financial distress, including a $140M mortgage on its largest asset, 123 William St., being underwater and maturing in March, and its shares having lost over 90% of their value since 2022. Despite asset sale plans and financial support from its majority owner AR Global, the REIT continues to struggle with debt, tenant departures, and significant management fees paid to AR Global affiliates regardless of performance.

A holder of NYC common stock has filed a Form 144 notice for a proposed sale of 7,500 shares, valued at $67,500, through Merrill Lynch on the NYSE, with the earliest sale date being August 11, 2026. The filing indicates that NYC has 2,919,885 common shares outstanding. The notice also details previous acquisitions, including 300,000 shares received as compensation on July 9, 2026.