American strategic investment co. announces disposition of the hit factory

New york--(business wire)--american strategic investment co. (nyse: nyc) (“asic” or the “company”) announced today that it has signed a definitive purchase and sale agreement to sell a property it owns at 421 w. 54th street (the “hit factory”) for $4.5 million. the sale is expected to close in the fourth quarter, 2023. net proceeds from the sale of the property, which is unencumbered, will be available for general corporate purposes. “we are pleased to reach an agreement to sell the vacant hit.
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