American strategic investment co. completes disposition of the hit factory

New york--(business wire)--american strategic investment co. (nyse: nyc) (“asic” or the “company”) announced today that it completed the sale of the property it owns at 421 w. 54th street (the “hit factory”) for $4.5 million. “we are pleased to complete the sale of the hit factory, a vacant property that will provide approximately $4.2 million of cash proceeds for the company and positively impacts the company's property level operating expenses through the elimination of meaningful expenses as.
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