American Strategic Investment Co. Announced That It Has Agreed To A Term Sheet To Sell Its 9 Times Square Midtown Manhattan Property For $63.5M
Portfolio Pulse from Benzinga Newsdesk
American Strategic Investment Co. has agreed to a term sheet to sell its 9 Times Square Midtown Manhattan property for $63.5 million.
June 26, 2024 | 10:01 am
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POSITIVE IMPACT
American Strategic Investment Co. (NYC) has agreed to sell its 9 Times Square Midtown Manhattan property for $63.5 million. This sale could positively impact the company's financials by providing a significant cash inflow.
The sale of the 9 Times Square property for $63.5 million will provide a substantial cash inflow to American Strategic Investment Co., potentially improving its financial position and liquidity. This is likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100