American Strategic Investment has signed a definitive purchase and sale agreement to sell a property it owns at 421 W. 54th Street, the “Hit Factory, for $4.5M. The sale is expected to close in Q4. Net proceeds from the sale of the property, which is unencumbered, will be available for general corporate purposes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>