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American Strategic Investment Company is on the verge of losing another Manhattan office property, this time via foreclosure. Foreclosure proceedings have been launched at 1140 Sixth Avenue in Midtown West, Crain’s reported. ASIC appears resigned to losing the property, according to a Fitch Ratings report, as it “has indicated a lack of funds to maintain […]

This article originally appeared on The Real Deal. Click here to read the full story.

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