The Hit Factory

American Strategic Investment Co. Completes Disposition of the Hit Factory

Retrieved on:

Thursday, October 12, 2023

Commercial Building & Real Estate, Construction & Property, The Hit Factory, ASIC, Sale, NYSE, Retail, Commercial property, Marketing

American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it completed the sale of the property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million.

Key Points:

American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it completed the sale of the property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million.
“We are pleased to complete the sale of the Hit Factory, a vacant property that will provide approximately $4.2 million of cash proceeds for the Company and positively impacts the Company’s property level operating expenses through the elimination of meaningful expenses associated with this property,” said Michael Anderson, CEO of ASIC.
“This sale demonstrates the resilience of the New York City market and the value that a new set of strategic buyers see in well-located properties with important histories and is an important event for the Company in evaluating the strategic composition of our portfolio.”

American Strategic Investment Co. Announces Disposition of the Hit Factory

Retrieved on:

Thursday, August 17, 2023

Commercial Building & Real Estate, Construction & Property, The Hit Factory, Sale, NYSE, ASIC, Pharmaceutical industry, Cryptocurrency

American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it has signed a definitive purchase and sale agreement to sell a property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million.

Key Points:

American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it has signed a definitive purchase and sale agreement to sell a property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million.
The sale is expected to close in the fourth quarter, 2023.
Net proceeds from the sale of the property, which is unencumbered, will be available for general corporate purposes.
“We are pleased to reach an agreement to sell the vacant Hit Factory, a small, specialty asset in our portfolio that will provide approximately $4.5 million of cash for general corporate purposes,” said Michael Weil, CEO of ASIC.

NYC Publishes 2021 Year in Review Highlighting Proactive Asset Management, 37% Total Return1 and Continued Rent Collection Success

Retrieved on:

Tuesday, January 11, 2022

Commercial Building & Real Estate, Construction & Property, REIT, Securities & Exchange Commission of Pakistan, GAAP, Beneficial ownership, Financial condition report, SEC, The Hit Factory, American Institute of Certified Public Accountants, Tenant, Proxy, Uncertainty, Industry, Compliance, Calendar, Publication, Estimation, COVID-19, Probability, Risk, Collection, ESRT, Company, NAV, VNO, LOI, Annual report, Disclosure, Peer group, Knowledge, Time, American Institute, ARE, Result, U.S. Securities and Exchange Commission, SLG, Conversation, Income, REIT, Investor relations, ALL, Sumathi Best Television Current Reporting Award, Appendix, Sale, Certified Public Accountant, Mission statement, Analysis, Life insurance, Self storage, Commercial property, Lease, Renting, Cryptocurrency, Insurance, Risk management, Real estate, Security (finance), Ownership

Total Return calculated over the period beginning on January 1, 2021 through December 31, 2021.

Key Points:

Total Return calculated over the period beginning on January 1, 2021 through December 31, 2021.
Total rent collected during the period includes both original Cash Rent due and payments made by tenants pursuant to rent deferral agreements or otherwise.
Eliminating the impact of deferred rent paid, we collected the same percentage of original Cash Rent due as of January 7, 2022.
4 Represents Deferral Agreements as well as amendments granting the tenant a rent credit for some portion of original Cash Rent due.

Tamara Zachery Named as New President of WHTWRKS Marketing Agency

Retrieved on:

Thursday, December 2, 2021

NEW YORK, Dec. 2, 2021 /PRNewswire-PRWeb/ -- WHTWRKS , a full-service marketing agency leveraging culture to bridge the gap, announces Tamara Zachery as its new president.

Key Points:

NEW YORK, Dec. 2, 2021 /PRNewswire-PRWeb/ -- WHTWRKS , a full-service marketing agency leveraging culture to bridge the gap, announces Tamara Zachery as its new president.
Thanks to the WHTWRKS agency partnership with Zachery, the company is thriving.
Collectively, WHTWRKS also received additional accolades for its growth as the #2 Fastest-Growing Minority Led Agency and #4 Fastest-Growing Agency nationally.
WHTWRKS is a full-service marketing agency led by seasoned industry veterans with backgrounds in entrepreneurship, marketing, and entertainment.

Bonamassa Shatters Own Billboard Record With His 25th Number 1 Blues Album

Retrieved on:

Wednesday, November 10, 2021

For the 25th time in his career, two time-Grammy nominee Joe Bonamassa sits atop Billboard's Blues Album Chart, still holding the record for more number 1 albums than any other musician on that chart.

Key Points:

For the 25th time in his career, two time-Grammy nominee Joe Bonamassa sits atop Billboard's Blues Album Chart, still holding the record for more number 1 albums than any other musician on that chart.
"What started out with the intention of being a trio record turned into probably my most adventurous and involved record to date," explains Bonamassa.
Recorded in New York City, the album rediscovers Bonamassa at a newfound peak with heartfelt songwriting and an unparalleled Blues Rock prowess.
Last summer, Bonamassa and his manager Roy Weisman debuted their new record label Keeping The Blues Alive Records by releasing music icon Dion's critically acclaimed latest album Blues With Friends.