Nicholas S. Schorsch, holding a 10% stake in American Strategic Investment Co. (NASDAQ:NYC), and his affiliated entities have completed an acquisition of Class A common stock totaling $76,240. This insider buying activity occurs against a backdrop of recent price weakness, with the stock trading at $8.49 after experiencing a decline of nearly 9% over the past week.
On June 30, 2026, Bellevue Capital Partners, LLC, an entity where Mr. Schorsch serves as the sole managing member, purchased 8,000 shares of American Strategic Investment Co. Class A common stock. The shares were acquired at a weighted average price of $9.53 per share, with individual transaction prices ranging from $8.89 to $9.85.
Following this transaction, Bellevue Capital Partners, LLC holds 1,089,620 shares. Mr. Schorsch also directly owns 26,559 shares of the company’s Class A common stock. An amended filing was submitted to correct the reported balance of shares held indirectly by New York City Advisors, LLC, an entity ultimately controlled by Mr. Schorsch, to 1,004,467 shares.
According to InvestingPro analysis, NYC appears undervalued based on its Fair Value assessment, trading at just 0.43 times book value. Investors can access 13 additional InvestingPro Tips for deeper insights into the company’s financial health.
In other recent news, American Strategic Investment Co. reported a substantial decline in revenue for the first quarter of 2026. The company’s revenue decreased by 40.7% compared to the same period last year, a result of strategic asset dispositions, including the foreclosure of a major property. Despite this revenue drop, American Strategic Investment Co. saw a slight improvement in its net loss from the previous year. These developments highlight the ongoing challenges faced by the company in the commercial real estate market. There were no significant changes in trading volume, with the stock’s premarket price remaining stable. This revenue decline is a critical point for investors to consider, as it reflects the current operational environment of the company.
American Strategic Investment Follow Analyze NYC Included in our AI-picked strategies · Review strategies 8.49 ▼-0.22(-2.53%) Closed · 15:59:59 · USD 8.49 ▲+0.19(+2.29%) After Hours · 16:04:37 1D 1W 1M 6M 1Y 5Y Max Created with Highcharts 11.4.8 13:45 14:15 14:30 17:30 17:45 19:45 8.2 8.4 8.6 Analyze NYC This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Is now the time to buy NYC? ProPicks AI evaluates NYC every month against thousands of alternatives using 100+ financial metrics. It found Siemens Energy (+231.5%) and Sandisk (+189%) before the crowd did. Could NYC be next—or is there a better opportunity in the same space? Don't wait to find out. July Sale - 60% Off InvestingPro