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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase">Washington,
D.C. 20549</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM <span id="xdx_90C_edei--DocumentType_c20251106__20251106_zQqXOWndcf85"><ix:nonNumeric contextRef="AsOf2025-11-06" id="Fact000010" name="dei:DocumentType">8-K</ix:nonNumeric></span></b><b><br/> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase">CURRENT REPORT</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) OF THE</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase">Securities
Exchange Act of 1934</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event
reported):<b> <span id="xdx_90F_edei--DocumentPeriodEndDate_c20251106__20251106_zmJDNycCuTQa"><ix:nonNumeric contextRef="AsOf2025-11-06" format="ixt:datemonthdayyearen" id="Fact000011" name="dei:DocumentPeriodEndDate">November 6, 2025</ix:nonNumeric></span></b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b><span id="xdx_905_edei--EntityRegistrantName_c20251106__20251106_zZJsbyQCodT1"><ix:nonNumeric contextRef="AsOf2025-11-06" id="Fact000012" name="dei:EntityRegistrantName">American Strategic Investment Co.</ix:nonNumeric></span></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in Charter)</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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<td style="width: 2%"> </td>
<td style="width: 32%"><p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span id="xdx_905_edei--EntityFileNumber_c20251106__20251106_zcW8MYMdsR29"><b><ix:nonNumeric contextRef="AsOf2025-11-06" id="Fact000014" name="dei:EntityFileNumber">001-39448</ix:nonNumeric></b></span></p></td>
<td style="width: 2%"> </td>
<td style="width: 32%"><p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span id="xdx_904_edei--EntityTaxIdentificationNumber_c20251106__20251106_z7NfYGasQDhd"><b><ix:nonNumeric contextRef="AsOf2025-11-06" id="Fact000015" name="dei:EntityTaxIdentificationNumber">46-4380248</ix:nonNumeric></b></span></p></td></tr>
<tr style="vertical-align: top">
<td style="text-align: center; font-size: 10pt">(State or other jurisdiction <br/>
of incorporation)</td>
<td> </td>
<td style="text-align: center; font-size: 10pt">(Commission File Number)</td>
<td> </td>
<td style="text-align: center; font-size: 10pt">(I.R.S. Employer<br/>
Identification No.)</td></tr>
<tr style="vertical-align: top">
<td style="text-align: center; font-size: 10pt"><span style="font-size: 1pt"> </span></td>
<td> </td>
<td style="text-align: center; font-size: 10pt"><span style="font-size: 1pt"> </span></td>
<td> </td>
<td style="text-align: center; font-size: 10pt"><span style="font-size: 1pt"> </span></td></tr>
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Bellevue Ave</ix:nonNumeric></b></span>,</p>
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<tr style="vertical-align: top">
<td colspan="5" style="text-align: center; font-size: 10pt"><p style="margin: 0pt 0">(Address<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, including zip code, of Principal
Executive Offices)</span></p></td></tr>
<tr style="vertical-align: top">
<td colspan="5" style="text-align: center; font-size: 10pt"> </td></tr>
<tr style="vertical-align: top">
<td colspan="5" style="text-align: center; font-size: 10pt"><b>Registrant’s telephone number, including area code:</b> <b>(<span id="xdx_901_edei--CityAreaCode_c20251106__20251106_zl50uaGdko3h"><ix:nonNumeric contextRef="AsOf2025-11-06" id="Fact000020" name="dei:CityAreaCode">212</ix:nonNumeric></span></b><b>)
<span id="xdx_90D_edei--LocalPhoneNumber_c20251106__20251106_zrRaQQ0z4F9d"><ix:nonNumeric contextRef="AsOf2025-11-06" id="Fact000021" name="dei:LocalPhoneNumber">415-6500</ix:nonNumeric></span></b></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0in"/><td style="width: 0.25in"><span id="xdx_90C_edei--WrittenCommunications_c20251106__20251106_z4zumvZdIcJ5" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-11-06" format="ixt:booleanfalse" id="Fact000022" name="dei:WrittenCommunications">¨</ix:nonNumeric></span></td><td style="text-align: justify">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</td></tr></table>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0in"/><td style="width: 0.25in"><span id="xdx_90C_edei--SolicitingMaterial_c20251106__20251106_zsb8tQaKr11b" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-11-06" format="ixt:booleanfalse" id="Fact000023" name="dei:SolicitingMaterial">¨</ix:nonNumeric></span></td><td style="text-align: justify">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </td></tr></table>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0in"/><td style="width: 0.25in"><span id="xdx_906_edei--PreCommencementTenderOffer_c20251106__20251106_zfx8B3IchD4j" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-11-06" format="ixt:booleanfalse" id="Fact000024" name="dei:PreCommencementTenderOffer">¨</ix:nonNumeric></span></td><td style="text-align: justify">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</td></tr></table>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0in"/><td style="width: 0.25in"><span id="xdx_90F_edei--PreCommencementIssuerTenderOffer_c20251106__20251106_zsueLrEI14pa" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-11-06" format="ixt:booleanfalse" id="Fact000025" name="dei:PreCommencementIssuerTenderOffer">¨</ix:nonNumeric></span></td><td style="text-align: justify">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</td></tr></table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities registered pursuant to Section 12(b)
of the Act:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="width: 32%"><p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #212529"><b>Title
of each class:</b></p></td>
<td style="width: 2%"> </td>
<td style="width: 32%"><p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #212529"><b>Trading
Symbol(s)</b></p></td>
<td style="width: 2%"> </td>
<td style="width: 32%"><p style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #212529"><b>Name
of each exchange on which <br/>
registered</b></p></td></tr>
<tr style="vertical-align: top">
<td style="font-size: 10pt; text-align: center"><span id="xdx_90C_edei--Security12bTitle_c20251106__20251106__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zq3ChuDYkqw7" style="font-size: 10pt; color: black"><ix:nonNumeric contextRef="From2025-11-062025-11-06_us-gaap_CommonStockMember" id="Fact000026" name="dei:Security12bTitle">Class
A common stock, $0.01 par value per share</ix:nonNumeric></span></td>
<td> </td>
<td style="font-size: 10pt; text-align: center"><span id="xdx_905_edei--TradingSymbol_c20251106__20251106__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zFuHMWJ3qPzj" style="font-size: 10pt; color: #212529"><ix:nonNumeric contextRef="From2025-11-062025-11-06_us-gaap_CommonStockMember" id="Fact000027" name="dei:TradingSymbol">NYC</ix:nonNumeric></span></td>
<td> </td>
<td style="font-size: 10pt; text-align: center"><span id="xdx_909_edei--SecurityExchangeName_c20251106__20251106__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zJdgwqahanRh"><ix:nonNumeric contextRef="From2025-11-062025-11-06_us-gaap_CommonStockMember" format="ixt-sec:exchnameen" id="Fact000028" name="dei:SecurityExchangeName">New
York Stock Exchange</ix:nonNumeric></span></td></tr>
<tr style="vertical-align: top">
<td style="font-size: 10pt; text-align: center"><span id="xdx_900_edei--Security12bTitle_c20251106__20251106__us-gaap--StatementClassOfStockAxis__us-gaap--RightsMember_zdbXzHb3R9U6"><ix:nonNumeric contextRef="From2025-11-062025-11-06_us-gaap_RightsMember" id="Fact000029" name="dei:Security12bTitle">Class
A Preferred Stock Purchase Rights</ix:nonNumeric></span></td>
<td> </td>
<td style="font-size: 10pt; text-align: center"><span style="display: none; visibility: hidden"><span id="xdx_90E_edei--NoTradingSymbolFlag_c20251106__20251106__us-gaap--StatementClassOfStockAxis__us-gaap--RightsMember_zIqyjkAPTIYj" style="display: none; visibility: hidden"><ix:nonNumeric contextRef="From2025-11-062025-11-06_us-gaap_RightsMember" format="ixt:booleantrue" id="Fact000030" name="dei:NoTradingSymbolFlag">true</ix:nonNumeric></span></span></td>
<td> </td>
<td style="font-size: 10pt; text-align: center"><span id="xdx_900_edei--SecurityExchangeName_c20251106__20251106__us-gaap--StatementClassOfStockAxis__us-gaap--RightsMember_zN4pw1zg0C7"><ix:nonNumeric contextRef="From2025-11-062025-11-06_us-gaap_RightsMember" format="ixt-sec:exchnameen" id="Fact000031" name="dei:SecurityExchangeName">New
York Stock Exchange</ix:nonNumeric></span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Emerging growth company <span id="xdx_905_edei--EntityEmergingGrowthCompany_c20251106__20251106_zyHU786w1Vrf" style="font-family: Wingdings"><ix:nonNumeric contextRef="AsOf2025-11-06" format="ixt:booleanfalse" id="Fact000032" name="dei:EntityEmergingGrowthCompany">¨</ix:nonNumeric></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. <span style="font-family: Wingdings">¨</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt"> </div></div><!-- Field: /Rule-Page -->
<!-- Field: Page; Sequence: 1 -->
<div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt"> </p></div>
<div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt"> </p></div>
<!-- Field: /Page -->
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Item 2.04 Triggering Events That Accelerate
or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white">ARC NYC400E67, LLC
(“<span style="text-decoration: underline">Laurel Borower</span>”) and  ARC NYC200RIVER01, LLC (“<span style="text-decoration: underline">200
Riverside Property Borrower</span>”, and with the Laurel Borrower, collectively, the “<span style="text-decoration: underline">Borrower</span>”),
subsidiaries of American Strategic Investment Co. (the “<span style="text-decoration: underline">Company</span>”),
and Societe Generale, as lender, entered into the Loan Agreement, dated as of April 13, 2018 (the “<span style="text-decoration: underline">Loan
Agreement</span>”), related to a loan in the principal amount of $50.0 million (the “<span style="text-decoration: underline">Loan</span>”).
The Loan is evidenced by various promissory notes (the “<span style="text-decoration: underline">Notes</span>” and the
holders of the Notes, collectively, the “<span style="text-decoration: underline">Lender</span>”) and secured by
non-recourse mortgages on the Company’s 400 E. 67th Street and 200 Riverside Blvd. properties (the “<span style="text-decoration: underline">Property</span>”).
New York City Operating Partnership L.P. (the “<span style="text-decoration: underline">OP</span>”), the
Company’s operating partnership, serves as a limited guarantor of certain obligations under the Loan.</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white">As previously disclosed, the
Company was informed by the Rialto Capital Advisors, LLC, as special servicer on behalf of the Lender (the “<span style="text-decoration: underline">Special Servicer</span>”),
pursuant to letters dated in November 2024, December 2024, January 2025 and June 2025 that the Company was in default under the Loan Agreement
for events that first occurred in the third and fourth quarters of 2023, specifically the Company’s failure to establish a cash
management account for excess cash sweeps over monthly debt service requirements failure to cooperate with the Lender to cure the alleged
cash management procedure failures, and failure to pay outstanding amounts due under such Loan Agreement beginning in April 2025. The
Company responded to notices of default sent in November 2024, December 2024 and January 2025, rejecting the assertions made by the Lender.</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white">On November 6, 2025, <span style="background-color: white">the
Company received a notice from the Special Servicer identifying certain additional events of default, specifically incurrence of
indebtedness that does not constitute Permitted Indebtedness (as defined in the Loan Agreement) and incurrence of liens that are not
in favor of the Lender or Permitted Encumbrances (as defined in the Loan Agreement), subject to certain exceptions, as a result of
Borrower’s alleged failure to pay make certain additional payments and certain liens filed on the Property as a result
thereof. In such notice, the Special Servicer notified the Borrower that, due to the alleged events of default under the Loan
Agreement, the Loan had been accelerated, and all amounts under the Loan Agreement were due and payable, together with interest at
the default rate set forth in the Loan Agreement, which is a rate annum equal to the lesser of (i) the maximum rate permitted
by applicable law, or (ii) four percent (4%) above the interest rate of 4.516% per annum, compounded monthly. Such amounts
include, but are not limited to, the $50.0 million principal amount of the Notes. The Company is evaluating its options with respect
to the Property and there can be no assurance as to the resolution of these matters with the Lender.</span></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="background-color: white"> </span></p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td> </td>
<td colspan="2"><span style="font-size: 10pt"><b>American Strategic Investment Co.</b></span></td></tr>
<tr style="vertical-align: top">
<td style="width: 50%"> </td>
<td style="width: 3%"> </td>
<td style="width: 47%"> </td></tr>
<tr style="vertical-align: top">
<td><span style="font-size: 10pt">Date: November 7, 2025</span></td>
<td><span style="font-size: 10pt">By:</span></td>
<td style="border-bottom: black 1pt solid"><span style="font-size: 10pt">/s/ Michael LeSanto</span></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td> </td>
<td><span style="font-size: 10pt">Michael LeSanto</span></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td> </td>
<td><span style="font-size: 10pt"><i>Chief Financial Officer</i></span></td></tr>
</table>
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