American Strategic Investment Co.

What American Strategic Investment Co. does

American Strategic Investment Co. (NYSE: NYC) is a publicly traded commercial real estate company that owns and operates a shrinking portfolio of institutional-quality office and retail properties concentrated in New York City's five boroughs, primarily Manhattan. Founded in 2012 as American Realty Capital New York Recovery REIT, listed on the NYSE in August 2020, renamed to American Strategic Investment Co. in January 2023 when it terminated REIT status alongside a reverse stock split, the firm is controlled by AR Global Investments, LLC with Nicholas S. Schorsch Jr. as CEO. The portfolio currently totals roughly 0.7 million rentable square feet across five properties (including 123 William Street in the Financial District, 196 Orchard Street, and 400 East 67th Street), down from a peak of more than 23 properties and approximately $854.2 million of historical investment, reflecting an active asset-disposition program that has already removed 9 Times Square (sold for $63.5 million in December 2024) and 1140 Avenue of the Americas (consensually foreclosed).

The company generates revenue through rental income from office and retail leases with tenants such as City National Bank, I Love NY Gifts, Fundera, and Classroom, Inc. Its go-to-market is conventional commercial real estate leasing rather than a software or platform distribution model; it markets to institutional-grade corporate, government, and retail tenants seeking Manhattan office and storefront space. The asset base is supported by certifications including WELL Health-Safety Ratings at multiple properties and ENERGY STAR at 123 William Street, which won BOMA New York's Building of the Year in 2021. Revenue has declined from $61.6 million in 2024 to $43.3 million in full-year 2025 and $7.3 million in Q1 2026 (down 41% year-over-year), against a market capitalization of approximately $21 million and $248.5 million of net debt at a weighted-average 4.56% interest rate.

Management has publicly stated intent to accelerate the company's evolution away from traditional REIT operations, with two remaining properties (123 William Street and 196 Orchard Street) actively marketed for sale and proceeds expected to be redeployed outside Manhattan real estate. The company is in active NYSE continued-listing compliance remediation with a February 26, 2027 deadline, and its stock has declined approximately 35-37% over the past year. American Strategic Investment Co. is therefore best characterized as a small-cap public CRE entity in active wind-down and strategic repositioning rather than a growth-oriented operating business.

Name

American Strategic Investment Co.

Legal name

American Strategic Investment Co.

Website

https://americanstrategicinvestment.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

American Strategic Investment Co. (NYSE: NYC) is a publicly traded commercial real estate company that owns a shrinking portfolio of five institutional-quality office and retail properties in New York City, generating rental income from corporate, financial, and retail tenants while actively disposing of assets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Real Estate (5311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

Keywords

• Commercial real estate
• Office leasing
• Property management
• Manhattan properties
• Real estate investment

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Property Rental Income: The company generates revenue through leasing commercial office and retail space in its New York City property portfolio. Revenue has declined significantly due to property dispositions, falling from $61.6 million in 2024 to $43.3 million in full-year 2025, and further to $7.3 million in Q1 2026.

Distribution channels1 record

Marketing channels1 record

Core offering

American Strategic Investment Co. owns, operates, and leases a portfolio of five commercial real estate properties concentrated in New York City, totaling approximately 0.7 million rentable square feet across office and retail assets in Manhattan's Financial District, Lower East Side, and Upper East Side. Revenue is generated through long-term rental agreements with enterprise commercial tenants including banks, retailers, and corporate offices. The company is undergoing an active asset disposition phase, selling properties and repositioning capital.

Product overview

American Strategic Investment Co. is a publicly traded REIT (NYSE: NYC) that operates as a commercial real estate investment company owning a portfolio of high-quality office and retail properties concentrated in New York City's five boroughs, primarily Manhattan. The company was formerly known as New York City REIT and has undergone a strategic shift from traditional REIT operations toward asset disposition and capital prioritization. The current portfolio includes five commercial properties totaling approximately 0.7 million rentable square feet across Manhattan, with the company actively marketing certain properties for sale to generate proceeds for redeployment outside Manhattan real estate.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Portfolio A portfolio of five high-quality commercial real estate properties concentrated in New York City's five boroughs, primarily Manhattan, comprising office and retail condominium assets totaling approximately 0.7 million rentable square feet. The portfolio serves enterprise commercial tenants through long-term lease arrangements.
• 123 William Street A 27-story institutional-quality office building in Manhattan's Financial District, approximately 513,000 rentable square feet, currently owned by the company. Holds ENERGY STAR Certification and WELL Health-Safety Rating. Leased to tenants including Classroom Inc. and Fundera.
• 196 Orchard Street A commercial property in Manhattan's Lower East Side/East Village area, approximately 60,297 square feet. Currently being marketed for sale as part of the company's asset disposition strategy.
• 400 East 67th Street A commercial property in Manhattan's Upper East Side area included in the company's current NYC commercial real estate portfolio.

Quantifiable outcome

• Portfolio occupancy maintained at 76.4% to 80.3% despite market challenges

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves11 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Strategic Investment Co.