SCHEDULE: Bellevue Capital Partners Adjusts Stake in American Strategic Investment Co.

Bellevue Capital Partners, LLC and associated entities have amended their Schedule 13D filing to reflect recent share transactions and a change in group membership.

Summary

• This filing is an amendment (Amendment No. 25) to a Schedule 13D, originally filed on February 11, 2022, concerning the Class A common stock of American Strategic Investment Co. (formerly New York City REIT, Inc.).
• The amendment updates information regarding recent open market purchases of Class A common stock by Bellevue Capital Partners, LLC and its affiliates between June 15, 2026, and June 30, 2026.
• It also reports a distribution of 300,000 shares from Bellevue Capital Partners, LLC to Edward M. Weil, Jr. on July 7, 2026.
• Furthermore, the filing notes that Edward M. Weil, Jr. ceased to be part of the group with the other reporting persons on July 9, 2026.
• As of July 9, 2026, the total number of outstanding shares of Class A Common Stock is reported as 3,163,632.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting factual updates on share ownership and group changes without providing new operational or financial performance data.

Positives

• Bellevue Capital Partners, LLC and its affiliates have actively purchased shares, indicating confidence in the company's stock.
• The total beneficial ownership reported by Nicholas S. Schorsch is 1,820,646 shares, representing 57.5% of the class.
• Edward M. Weil, Jr. holds 300,109 shares, representing 9.5% of the class, after receiving a distribution.

Negatives

• Edward M. Weil, Jr. has exited the group of reporting persons, which could signal a shift in strategic alignment or investment strategy among key stakeholders.
• The filing indicates a significant portion of shares are held with 'Shared Voting Power' and 'Shared Dispositive Power', suggesting potential complexities in decision-making or control.

Risks

• The exit of a key individual (Edward M. Weil, Jr.) from the reporting group could introduce uncertainty regarding future strategic direction or governance.
• Concentration of ownership among a few reporting persons, while potentially stabilizing, also carries risks if their interests diverge.
• The filing does not detail the reasons for Mr. Weil's exit from the group, leaving potential motivations and future implications open to speculation.

Future Outlook

The filing primarily reports past transactions and changes in group membership. It does not contain explicit forward-looking statements or guidance regarding the company's future performance.

Management Comments

• Edward M. Weil, Jr. ceased to be in a group with the other Reporting Persons on July 9, 2026.
• Bellevue Capital Partners undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes and potential shifts in control or influence within publicly traded companies. This amendment highlights active trading and a notable change in stakeholder alignment within the real estate investment sector.

Management Changes

Related Party Transactions

• Distribution of 300,000 shares from Bellevue Capital Partners, LLC to Edward M. Weil, Jr. on July 7, 2026.

Stakeholder Impact

• Shareholders: The active purchasing by Bellevue Capital Partners, LLC may be viewed positively, while the exit of Edward M. Weil, Jr. from the reporting group could introduce uncertainty.
• Management/Board: Changes in significant stakeholder group dynamics may influence future strategic decisions and board composition.
• Creditors: No direct impact indicated, as the filing focuses on equity ownership.

Next Steps

• Bellevue Capital Partners, LLC will provide full information on share purchases upon request from the SEC staff.

Key Dates

Keywords

Schedule 13D, American Strategic Investment Co., Bellevue Capital Partners, LLC, Class A common stock, Beneficial ownership, Shareholder, SEC filing, Amendment, Nicholas S. Schorsch, Edward M. Weil, Jr.