American Strategic Investment (NYC)
Leases New York City commercial space and parking-garage interests.
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Generates rental income from office, retail and institutional leases and parking-garage interests in New York City. The concentrated, primarily Manhattan portfolio is externally managed and remains real-estate based despite a C-corporation mandate that permits broader income-producing investments.
Leases office, retail and institutional space across a New York City commercial-property portfolio, alongside parking-garage interests run by a third-party operator. Rental income comes from base rent, expense reimbursements and, in selected retail restructurings, tenant-sales-linked percentage rent. Parking customers and operators are counterparties alongside property tenants and licensees.
Focuses on retaining and adding tenants, improving properties, controlling costs and refinancing maturing debt. The remaining assets are all in New York City, primarily Manhattan, with the Brooklyn property providing the limited non-Manhattan exposure. Leasing uses outside brokerage relationships and property-level operators where appropriate.
Pairs this local landlord operation with a mandate to evaluate higher-yielding income-producing investments and selected property sales. Its C-corporation structure permits investments beyond REIT-qualifying real-estate income, while reported operations remain real-estate based. Executive, asset-management, accounting and administrative functions are supplied by an external advisor and affiliated providers.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.4M · Total debt $350.4M · Total assets $444.8M · Shareholders' equity $52.9M
- Revenue
- $7.3M
- Operating income
- −$1.9M
- Net income
- −$8.3M
HistoryDividendAnnual yield
| Institutions | 1.62% | 51.2K shares | |
|---|---|---|---|
| 15 holders · as of Jun 30, 2026 | |||
| Insiders | 76.10% | 2.41M shares | |
| 7 holders · as of Aug 27, 2026 | |||
| Other | 22.28% | 705.0K shares | |
| remainder | |||
3.16M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (3.16M in the company's Sep 22, 2026 report, 2.92M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Nicholas S. SchorschInsider10 percent owner | 62.95% | 1.99M | filed Aug 27, 2026 |
Edward M. Jr. WeilInsiderdirector | 9.49% | 300,109 | filed Jul 14, 2026 |
Nicholas S. Jr. SchorschInsiderofficer: Chief Executive Officer | 1.16% | 36,685 | filed Aug 22, 2025 |
Elizabeth K. TuppenyInsiderdirector | 0.86% | 27,137 · 126 | filed Jun 3, 2025 |
Louis P. DiPalmaInsiderdirector | 0.77% | 24,313 | filed Jun 3, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Nicholas S. Schorsch | 10 percent owner | +5,000 | $6.68 |
| Aug 26, 2026 | Nicholas S. Schorsch | 10 percent owner | +5,000 | $6.81 |
| Jun 30, 2026 | Nicholas S. Schorsch | 10 percent owner | +8,000 | $9.53 |
| Jun 25, 2026 | Nicholas S. Schorsch | 10 percent owner | +1,000 | $8.39 |
| Jun 29, 2026 | Nicholas S. Schorsch | 10 percent owner | +5,000 | $9.27 |
- SL Green Realty
Largest-scale rival in Manhattan office leasing.
- Vornado Realty Trust
Major alternative for Manhattan office tenants.
- Empire State Realty Trust
Manhattan office and retail landlord serving overlapping tenants.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Strategic Investment | $5.55 | −7.04% | $17.4M | 1.2 | — | 0.5 | −40.2% |
| SL Green Realty | $52.23 | −1.34% | $3.77B | — | — | 3.6 | +16.5% |
| Vornado Realty Trust | $35.37 | −0.59% | $6.69B | 1,074.9 | — | 3.7 | +4.7% |
| Empire State Realty Trust | $4.10 | −0.94% | $709.8M | — | — | 0.9 | +3.0% |
| Median | 1,074.9 | — | 3.6 | +4.7% |