American Strategic Investment Co. NYC
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Company Overview
American Strategic Investment Co. is a publicly traded real estate investment trust (REIT) focused primarily on commercial real estate assets in New York City, particularly office and mixed-use properties in Manhattan. The company operates in the commercial real estate and property management industries and has historically emphasized acquiring, owning, repositioning, and managing properties located in high-density urban markets. Its revenue is generated primarily through rental income from office tenants, retail leasing arrangements, and related property operations.
The company was previously known as New York City REIT, Inc. before rebranding to American Strategic Investment Co. as part of a broader strategic repositioning effort. The company has historically emphasized ownership of properties located near transportation hubs and business districts in Manhattan, seeking to benefit from long-term demand for centrally located commercial real estate. Its positioning has been tied to concentration in a globally recognized office market, though that geographic concentration also exposes the company to New York City commercial real estate market conditions and office utilization trends.
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Price History
- Low
- $5.52
- Current
- $6.26
- High
- $13.97
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Corporate Info
Newport, RI 02840