American Strategic Investment Co (N:NYC)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 222 Bellevue Avenue NEWPORT RI 02840 |
| Tel: | N/A |
| Website: | www.americanstrategicinvestment.com |
| IR: | See website |
| Key People | ||
| Michael Anderson Chief Executive Officer | Michael Lesanto Chief Financial Officer, Chief Accounting Officer, Treasurer | |
| Business Overview |
| American Strategic Investment Co. owns a portfolio of commercial real estate located within the five boroughs of New York City, primarily Manhattan. The Company's real estate assets consist of office properties and certain real estate assets that accompany office properties, including retail spaces and amenities. It owns seven properties consisting of approximately 1.2 million rentable square feet. The Company has also invested in real estate assets that accompany office space, including retail spaces with amenities, and may also invest in hospitality assets, residential assets and other property types exclusively in New York City. Its portfolio of properties includes 400 E. 67th Street - Laurel Condominium, 200 Riverside Boulevard - ICON Garage, 9 Times Square, 123 William Street, 1140 Avenue of the Americas, 8713 Fifth Avenue and 196 Orchard Street. The Company's business is conducted through New York City Operating Partnership, L.P. (the OP). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, American Strategic Investment Co revenues decreased 2% to $62.7M. Net loss increased from $45.9M to $105.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Net Operating Income (NOI) - Total decrease of 4% to $28.9M, Impairment of real estate investments increase from $0K to $66.6M (expense). |
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