NEW YORK, NY / ACCESS Newswire / June 10, 2025 / National investment loss and securities law firm KlaymanToskes is continuing its investigation and representation of investors in American Strategic Investment Co., formerly known as New York City REIT, (NYSE:NYC) and American Realty Capital New York City REIT, Inc., following the REIT’s ongoing decline in value. Investors who suffered significant losses as a result of a recommendation to invest in American Strategic Investment Co./NYC REIT by their broker/investment advisor should contact the law firm immediately at 888-997-9956 or by email at investigations@klaymantoskes.com for a free and confidential consultation to discuss potential recovery options. Investors with self-directed accounts who did not rely on the advice of a financial advisor are not eligible for our representation.
KlaymanToskes is currently representing numerous investors around the nation in FINRA Arbitration claims (Case No. 25-00361, 25-00322, 25-00082, 24-02492, 24-00860, and 23-02737) on behalf of clients who were unsuitably recommended to invest in New York City REIT by their brokerage firms and financial advisors. These brokerage firms include B. Riley Wealth Management, Aegis Capital Corp., J.W. Cole Financial, Independent Financial Group, Madison Avenue Securities, Cetera Advisors Network, Summit Brokerage Services, and others.
Shares of American Strategic Investment Co. (NYSE:NYC), which initially sold for $25 per share, are currently trading at approximately $10, reflecting a loss of over 50% for many investors. According to American Strategic Investment Co.’s most recent earnings reports, the company posted a net loss of $8.6 million for Q1 2025, up from a $7.6 million loss in Q1 2024. The company further reported that its revenue declined to $12.3 million in Q1 2025, down from $15.5 million in the same quarter last year.
KlaymanToskes’ investigation has led the law firm to believe that investment firms and their financial advisors may have failed to act in the best interest of their customers, and misrepresented the risk-factors related to investments in American Strategic Investment Co./NYC REIT, in addition to failing to conduct due diligence on New York City REIT’s investment offering, leading to unsuitable recommendations.
Financial advisors and their firms may be held liable for any losses incurred by their customers in the event of failure to act in the best interest of the customer, unsuitable investment recommendations, misrepresentations or omissions of material facts, and/or an overconcentration of the customer’s portfolio in one particular investment, class, or market sector. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making investment recommendations.
Investors who suffered losses in American Strategic Investment Co./NYC REIT (NYSE:NYC) due to unsuitable recommendations by their brokerage firm/financial advisor, are encouraged to contact attorney Steven D. Toskes at (888) 997-9956 or by email at investigations@klaymantoskes.comfor a free and confidential consultation to discuss potential recovery options.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $600 million in Securities Litigation and FINRA Arbitration matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
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Steven D. Toskes, Esq.
KlaymanToskes, P.A.
+1 888-997-9956
investigations@klaymantoskes.com
SOURCE: KlaymanToskes, P.A.