NYC (NYC) REIT Reports $249M Debt, Faces Going Concern Doubt

American Strategic Investment Co. (NYC) disclosed to the SEC that it has substantial doubt about its ability to continue operations due to a $249 million debt. The company has a $140 million loan maturing in March on a property valued at $137.7 million as of Q2 2026. In the first half of 2026, the REIT lost $16 million with revenue of $14.7 million, while its external manager collected approximately $6 million in fees. This situation raises concerns for investors as the REIT could face bankruptcy within 12 months, impacting asset prices significantly.