American Strategic Investment Co. (NYC REIT) Losses?

If you’ve invested in American Strategic Investment Co. (formerly known as New York City REIT), there’s a good chance you’ve felt the sting of its poor performance. What was once sold as a promising investment in New York commercial real estate has become a financial headache for many. Here’s a breakdown of what’s been happening and why it matters to investors.

Declines In Stock Prices

American Strategic Investment Co. started out with an ambitious plan: invest in commercial properties throughout New York City and deliver solid returns to shareholders. Back when it was known as New York City REIT, the company offered shares at $25 apiece while it was a non-traded REIT. After it went public in 2020—with an IPO price of $30 and a reverse stock split—the outlook seemed strong.

Since its IPO, the company’s stock has consistently dropped, falling to around $10 per share as of early 2025. For investors who bought in early, the value of their shares has been reduced to a fraction of what they once were.

Losses and a Struggling Balance Sheet

Financial trouble has followed this decline in share price. The company posted a $34.5 million loss in the third quarter of 2024 alone. That loss was largely due to write-downs and lower rental income from struggling properties.

To cope with mounting pressure, the company began selling off some of its key assets. Moves like this are aimed at keeping the company afloat, but they also raise questions about long-term viability.

Investors Left in the Dark?

There’s growing concern that some investors were not fully informed about the risks of putting money into this REIT. Real estate investment trusts can be complex and are not always suitable for every investor—especially those with low risk tolerance or a need for liquid assets.

In many cases, investors rely on financial advisors to explain the risks and match investments to their personal goals. But it appears some advisors may have recommended this investment without fully considering their clients’ needs or disclosing important details. In worse cases, there may have been a financial incentive to push this product despite the risks involved.

Signs You May Have Been Misled About American Strategic Investment Co.

If you're unsure whether your investment was handled properly, there are a few red flags to watch for. These include having a portfolio heavily concentrated in a single asset like NYC REIT, being told an investment was “safe” or “guaranteed,” dealing with an advisor who avoids your calls or won’t give direct answers, experiencing significant losses without a clear explanation, noticing unauthorized transactions, or having your complaints go unanswered.

What You Can Do

If your investment in American Strategic Investment Co. wasn’t a good fit for your financial situation—or if you believe you were misled—you may be able to recover your losses. These matters are typically resolved through FINRA arbitration, not in court.

Did You Sustain Losses By Investing In American Strategic Investment Co. (NYC REIT)?

Investing always involves some level of risk. However, that risk should be clearly communicated—especially by professionals entrusted with your financial future. Did you experience losses because your financial advisor recommended American Strategic Investment Co. (NYC REIT)? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. The firm works on a contingency fee basis and advances all costs.