American Strategic Investment Co. Sets Closing Date for 9 Times Square Sale
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American Strategic Investment Co. (NYSE: NYC) has set December 19, 2024, as the closing date for the sale of its 9 Times Square property for $63.5 million. A $7 million non-refundable deposit has been paid by the buyer.
December 10, 2024 | 9:30 pm
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American Strategic Investment Co. has announced the closing date for the sale of its 9 Times Square property, which is expected to bring in $63.5 million. The buyer has already paid a $7 million non-refundable deposit.
The sale of 9 Times Square is a significant transaction for American Strategic Investment Co., providing a substantial cash inflow of $63.5 million. The non-refundable deposit indicates a high likelihood of the sale proceeding, which could positively impact the company's financial position and stock price in the short term.
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